NZ ETS Settings Hold Steady Amid Shortfall Warning
The Climate Change Commission has recommended maintaining the current New Zealand Emissions Trading System (NZ ETS) settings but warns of a potential unit shortfall as early as 2028.
Primary Industries Minister Nathan Guy says the Parliamentary Commissioner for the Environment report highlights that this issue is not as simple as whether agriculture is in or out of the ETS.
It requires a broader discussion than that, he says.
“For example, planting the right trees, in the right place, at the right time can buy us time to find options to reduce biological emissions from agriculture.”
The Government is supporting these efforts through the Afforestation Grant Scheme, the Erosion Control Funding Programme and the Sustainable Land Management and Climate Change research programme.
“The Government is also investing $20 million a year in research into developing new mitigation options like a vaccine to reduce emissions from agriculture, which is a very promising long term option.”
Guy says agricultural emissions make up 49% of New Zealand’s gross emissions.
“Reducing them while growing our economy is a difficult challenge, but it’s one we must solve.
“For that reason we recently established the biological emissions reference group to work with the sector to state an objective and agreed understanding of what can be done to reduce agricultural emissions.”
Āta Regenerative is bringing international expertise to New Zealand to help farmers respond to growing soil and water challenges, as environmental monitoring identifies declining ecosystem function and reduced water-holding capacity across farms.
Yili's New Zealand businesses have reported record profits following a major organisational and strategic transformation.
Owners and lessees of certain Hino Trucks New Zealand diesel vehicles have just 10 days remaining to register or opt out of a proposed $10.9 million class action settlement.
Silver Fern Farms has successfully produced and delivered 90 tonnes of premium chilled New Zealand lamb and beef to the United Arab Emirates via airfreight.
For the first three months of 2026, new tractor deliveries saw an increase over the previous two months, resulting in year-to-date deliveries climbing to 649 units - around 5% ahead of the same period in 2025.
QU Dongyu, director-general of the Food and Agriculture Organization of the United Nations (FAO), has issued a warning saying that global fertiliser scarcity caused by disruptions in the Strait of Hormuz will lead to lower yields and tightening food supplies into 2027.

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