The New Zealand High Court has ruled in favor of Lawyers for Climate Action, ordering the government to reconsider its Emissions Trading Scheme (ETS)
The New Zealand High Court has ruled in favor of Lawyers for Climate Action, ordering the government to reconsider its Emissions Trading Scheme (ETS) settings. The judicial review found flaws in the government’s decisions on ETS unit limits and price controls for the period 2023-2027. Minister for Climate Change, James Shaw, has until 30th September to re-evaluate the recommendations and revise the ETS settings accordingly. The ETS is a market-based mechanism designed to control emissions by requiring companies to pay for credits based on their pollution levels, aiming to encourage innovation and lower emissions over time. The court ruling emphasizes the need for greater prioritization of climate change measures to address the global challenge effectively.
