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Carbon News In Depth

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Effective carbon price-cap will hit $35 this year

Today 12:00pm - The effective price cap on carbon prices in New Zealand will go to $35 this year.

Biofuel could pull trucks into line, say officials

Today 12:00pm - New Zealand could cut its greenhouse gas emissions immediately by using more biofuels in trucks, officials say.

TEN YEARS AGO >

Today 12:00pm - Ten years ago, investors were starting to buy forestry blocks as interest in the Emissions Trading Scheme started to build.

WHAT YOU SHOULD KNOW >

Today 12:00pm - Changes to the Emissions Trading Scheme are expected to have their second reading in Parliament today.

Shaw pushes hard for climate risk reporting

James Shaw

Friday - The Government is talking to the External Reporting Board about developing the system for compulsory disclosure of climate risk to businesses.

POLITICS: Carbon pricing plans about due

Friday - Whether the Government will go ahead with plans to lift the maximum carbon price this year could become clear next week.

Government ignores experts in water plan

Friday - New Zealand’s government has been praised for listening to health experts in its pandemic response, but when it comes to dealing with pollution of the country’s waterways, scientific advice seems less important.


TEN YEARS AGO >

Friday - Ten years ago, scientists were predicting more droughts in New Zealand as climate change affected the El Nino-La Nina system that drives weather in the Pacific.

WHAT YOU SHOULD KNOW >

Friday - Sunday is the last day for emitters to pay for their 2019 emissions – either by surrendering carbon credits or paying the Government $25 for every tonne of liable emissions.

Tough new water laws put heat on farmers

Thursday - Dairy farmers will have to disclose how much synthetic nitrogen fertiliser they are putting on their land under new rules expected to clean up waterways and cut greenhouse gas emissions.

NZ partners Singapore on new carbon markets

Thursday - New Zealand is to work with Singapore on developing international carbon markets and low-carbon technology such as hydrogen.

TEN YEARS AGO ...

Thursday - Ten years ago, power companies were building maximum carbon prices into their charges – despite being able to buy units much cheaper.

WHAT YOU NEED TO KNOW ...

Thursday - Only three more days to Surrender Day – Sunday is the last day for emitters to pay-up for their emissions last year.

MARKET LATEST: NZUs $25

27 May 20 - Spot NZUs opened at $25.00 bid and $25.10 offered on the CommTrade platform this morning, after last fixing at $25.

Cities critical to climate, Wellington tells Govt

26 May 20 - One of the country's largest local authorities says the Government 's plans for urban development are at odds with its programme for combatting climate change.

MARKET LATEST: NZUs $25.05

26 May 20 - Spot NZUs opened at $25.00 bid and $25.10 offered on the CommTrade platform this morning, after last fixing at $25.05.

Simpson happy with his lot

26 May 20 - Coromandel MP Scott Simpson says he’s pleased to have kept the climate and environment portfolios in yesterday’s National Party reshuffle but had no say in the matter.

TEN YEARS AGO ...

26 May 20 - Ten years ago, the head of one of Australia’s biggest power companies said coal was back in town after the country’s plans for an emissions trading scheme were spiked.

WHAT YOU NEED TO KNOW ...

26 May 20 - The Climate Action Tracker international climate science coalition holds an online summit today on achieving net-zero emissions energy systems.


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