35482 (2026). Chlöe Swarbrick to the Minister of Finance

Written Question

Published date: 21 Aug 2026

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	35482 (2026)
Question asked:	06 Aug 2026
Member asking:	Chlöe Swarbrick
Portfolio:	Minister of Finance
Minister replying:	Hon Nicola Willis
Answer received:	17 Aug 2026
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_35482_2026
Document guid:	74d6fdf7-88f4-4009-9437-cd73d9d16d6c

35482 (2026). Chlöe Swarbrick to the Minister of Finance: How many NZUs, if any, are forecast to be sold at auction in financial year 2025/26?

Hon Nicola Willis: 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.