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Why might there be a NZU shortfall in the late 2020s?

Answered Question 18131 (2026)
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Asked by

Chlöe Swarbrick

Member for Auckland Central · Green Party

Question

  • Why might there be a NZU shortfall in the late 2020s?

Answered by

Hon Simon Watts

Member for North Shore · National Party · Minister of Climate Change

Answer

Climate Change Commission's ETS Advice for 2026 states: "Over the last year, the surplus has continued to be drawn down faster than expected. This results in a risk of a unit shortfall under status quo auction volumes." The assessment of the possibility of an NZU shortfall is in the Climate Change Commission's ETS Advice for 2026, which is publicly available in full.