Govt unveils plans for carbon storage regulations – and ETS rewards
Today 12:45pm
By Liz Kivi
The Government has released plans to regulate carbon capture and storage in natural geological formations, which include Emissions Trading Scheme incentives, with the aim of introducing related legislation in 2026.
It has been hailed as a positive first step to include sequestration other than forestry in the NZ ETS. However the ETS carbon price is currently too weak to incentivise the investments required for CCS, and aspects of the proposed regulatory system have also raised concerns.
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Story copyright © Carbon News 2025
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