This bill amends the New Zealand Bill of Rights Act 1990 to provide for the right to a sustainable environment.

This bill amends provisions in the Climate Change Response Act 2022 relating to the New Zealand Emissions Trading Scheme. It updates the penalty for participants with low-volume liabilities of less than 25,000 units on average per year from forestry activities, occurring from 1 January 2025, who fail to surrender or repay units by the due date. The bill also updates industrial allocation settings.

The purpose of this bill is to provide a framework by which New Zealand can develop and implement clear and stable climate change policies that contribute to the global effort under the Paris Agreement.

The purpose of this bill is to ensure that New Zealand governments, in the context of their macro-economic planning, balance economic opportunity with environmental responsibility.

This bill would direct public fund managers to divest from companies directly involved in the exploration, mining, and production of fossil fuels.

This bill enables a confidential reserve price to be set for auctions in the New Zealand Emissions Trading Scheme to ensure units sold at auction cannot be sold significantly below the prevailing secondary market price.

This bill will extend the transition period provided for New Zealand Emissions Trading Scheme participants with low-volume emissions liabilities related to forestry activity within which they must comply with the penalties and compliance regime introduced by the Climate Change Response (Emissions Trading Reform) Amendment Act 2020. The extension, until 1 January 2025, will mitigate the risk of serious hardship to small forestry participants who would fail to surrender or repay units by the previous due date of 1 January 2023.

This bill amends the Climate Change Response Act 2002 to improve certainty for businesses, make the New Zealand Emissions Trading Scheme more accessible, and improve its administration.