The New Zealand Emissions Trading Scheme (NZ ETS) is one of the longest-running ETS worldwide, in place since 2008. As part of a greater policy reform, auctioning has been introduced as the default method for allocating New Zealand Units (NZUs) to market participants from 2021 onwards.

A joint bid by the New Zealand Exchange (NZX) and EEX was selected by the NZ Government to develop and operate the managed auction service. While NZX is hosting and operating all auction-related processes, EEX is contributing the bidding system and providing expert support.

Auctions will be scheduled quarterly > see the Auction schedule at the right side. 

Auctions will be open for participation to all New Zealand Emissions Trading Register account holders.

You can access the auction platform at the following link > NZ ETS Auctions

About the EEX-NZX cooperation:

NZX and EEX announced a Co-operation Agreement in December 2019, with a focus on securing new opportunities in the New Zealand emissions market. Beyond the New Zealand carbon market, both NZX and EEX will be jointly exploring areas for co-operation in other regions and/or asset classes.

Auction Schedule

^{*The Government expects that 6 million NZUs will be auctioned in total in 2025, which will be spread evenly across the four scheduled auctions. The auction floor price is increasing to NZD 68 for the auctions in 2025. If the auction clearing price is higher than NZD 193, the cost containment reserve tier 1 will be triggered allowing another 2.6 million NZUs to be available to be auctioned. If the auction clearing price is higher than NZD 242, the cost containment reserve tier 2 will be triggered allowing another 4.5 million NZUs to be available to be auctioned. This means a maximum volume of 13.1 million NZUs can be auctioned in 2025.}