„The successful bid to the Ministry for the Environment showcased the value of bringing together the deep experience and capabilities of NZX and EEX to implement and operate a solution tailored to meet the needs of New Zealand and NZ ETS participants – and aligned with the design of other emissions markets globally.“
Mark Peterson, NZX Chief Executive
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.
|15 March||4.475 million NZU|
|14 June||4.475 million NZU|
|6 September||4.475 million NZU|
|6 December||4.475 million NZU|
*The Government expects that 17.9 million NZUs will be auctioned in total in 2023, which will be spread evenly across the four scheduled auctions. If the auction clearing price is higher than $80.64, the cost containment reserve will be triggered allowing another 8 million NZUs to be available to be auctioned. This means a maximum volume of 25.9 million NZUs can be auctioned in 2023.