The Emmissions Trading Scheme w/ Scott Burnett: 28 April, 2026

Since its inception in 2008, the New Zealand Emissions Trading Scheme (or ETS) has been, according to the government, its primary tool to reduce greenhouse gas emissions and tackle the climate crisis. As part of the scheme, the government sets a price for carbon units, which companies must pay to offset their emissions. The Climate Change Commission has recently highlighted that the scheme was not stable and susceptible to changes in the market, and did not have sufficient carbon units to last until 2030, requiring urgent reform.  

For Green World, Wire producer Liam spoke with Scott Burnett, the Regional Conservation Manager for the top of the South Island and Forest and Bird’s climate spokesperson about why Forest and Bird has called the system broken, what impact this has on Aotearoa and what reforms should be implemented.