The review concluded in mid-2017 with in-principle decisions on the following four proposals to improve the operation of the NZ ETS in the 2020s. Work will continue on improvements to the NZ ETS approaches to forestry and free allocation, as well as operational and technical improvements such as providing market information and improvements to the compliance regime. This work is integrated with a wider work programme, including the Productivity Commission Inquiry and transition hub, on the various aspects of how New Zealand will meet its 2030 target and eventually transition to a lowemissions and climate-resilient economy. The Government intends to engage further with stakeholders on the next steps in implementing these in-principle decisions. The next steps include designing the implementation of auctioning, developing a different approach to setting and operating a price ceiling, and more detailed proposals for the unit supply decision-making process.