Make the Emissions Trading Scheme more efficient

Labour says it will review the Emissions Trading Scheme with the aim of making it more efficient.
The review will:
· identify changes to incentivise genuine emissions reductions rather than relying on offsets,
· reconsider the role of forestry
· ensure the ETS supports New Zealand’s Paris targets
· develop new rules to prevent whole-farm conversions.
· pause new forestry registrations in the ETS while this work is completed