18131 (2026). Chlöe Swarbrick to the Minister of Climate Change

Written Question

Published date: 08 May 2026

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	18131 (2026)
Question asked:	04 May 2026
Member asking:	Chlöe Swarbrick
Portfolio:	Minister of Climate Change
Minister replying:	Hon Simon Watts
Answer received:	04 May 2026
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_18131_2026
Document guid:	979eb325-3d85-4d78-815b-10a195d1970b

18131 (2026). Chlöe Swarbrick to the Minister of Climate Change: Why might there be a NZU shortfall in the late 2020s?

Hon Simon Watts: 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.