Climate Change (Auctions, Limits, and Price Controls for Units) Regulations 2020

Schedule 3 Limits and price control settings

rr 14, 15

Limits

Column 1Column 2Column 3Column 4
Calendar yearNew Zealand units available by auction
(millions)
Approved overseas units used
(millions)
Overall limit on units
(millions)
202126.00.034.4
202226.30.034.5
202325.60.034.5
202424.20.032.9
202522.40.031.1

Price control settings

Column 1Column 2Column 3Column 4
Calendar yearMinimum price below which units must not be sold by auction
($)
Trigger price for sale of reserve amount of New Zealand units
($)
Reserve amount of New Zealand units
(millions)
202120.0050.007.0
202220.4051.007.0
202320.8152.027.0
202421.2253.067.0
202521.6554.126.9

Schedule 3: amended, on 15 March 2021, by section 17 of the Climate Change Response (Auction Price) Amendment Act 2021 (2021 No 4).

Michael Webster,
Clerk of the Executive Council.