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How many NZUs, if any, are forecast to be sold at auction in financial year 2025/26?

Answered Question 35482 (2026)
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Asked by

Chlöe Swarbrick

Member for Auckland Central · Green Party

Question

  • How many NZUs, if any, are forecast to be sold at auction in financial year 2025/26?

Answered by

Hon Nicola Willis

List MP · National Party · Minister of Finance

Answer

The Budget Economic and Fiscal Update 2026 forecasts that no Emissions Trading Scheme units would be sold by the Crown in the 2025/26 financial year. Whenever Emission Trading Scheme units are soId by the Crown, an equal and corresponding liability is recognised in the Crown’s account that offsets the cash generated by the sale, making this activity balance sheet neutral. I refer the Member to Note 15 on page 100 of the Budget Economic and Fiscal Update 2026 (https://www.treasury.govt.nz/sites/default/files/2026-05/befu26.pdf) for a forecast of unit sales and the associated impact on the closing liability associated with the New Zealand Emissions Trading Scheme over the forecast period.