Carbon Credits

Government announces wide ETS changes

Wednesday - A cap on emissions, a system to manage carbon credits supply and prices, the inclusion of permanent forests, and the possibility of a price a price floor are the major changes to the Emissions Trading Scheme just announced by the Government.

Our climate efforts 'highly insufficient'

Wednesday - New Zealand’s efforts on climate change remain “highly insufficient” and consistent with twice the level of warming that scientists say we should not go beyond.

Put food first and buy credits, says fertiliser firm

27 Nov 18 - New Zealand should keep producing food and buy international carbon credits to cover its greenhouse gas emissions, says fertiliser co-operative Ravensdown.

How we'll pay for National's mismanagement

12 Nov 18 - Climate mismanagement under the National government means New Zealand will have to use international carbon credits to meet its emissions reduction targets, says a leading carbon forestry executive.

Buying credits last resort, say energy managers

1 Nov 18 - Buying international carbon credits to meet New Zealand’s greenhouse gas emissions reduction commitments will be expensive and should be a last resort, the Government has been told.

Emissions failure will hurt farmers, says Fonterra

31 Oct 18 - A global failure to cut greenhouse gas emissions will see New Zealand farmers face demands for major production cuts, the world’s largest milk-producer is warning.

Getting rid of free credits worth $2b, says TWG

21 Sep 18 - Ditching free carbon credits for trade-exposed heavy emitters could generate $2.1 billion a year in revenue, the Tax Working Group says.

New maps will settle forest-planting posers

19 Sep 18 - The thorny question of whether land is eligible for carbon forests could soon be solved – with a map.

Climate action-man puts new emissions option

14 Sep 18 - The man who got politicians from both sides of Parliament to agree on climate change says there might be a third option for dealing with New Zealand’s greenhouse gas emissions.

Farmers' cost claims wrong, says commission

7 Sep 18 - Claims by the farming sector that cutting agricultural greenhouse gas emissions will cost farmers $230,000 a year by 2050 are wrong, the Productivity Commission says.

PRODCOM 2: Market needs special treatment

4 Sep 18 - The carbon market should be managed by a special authority, the Productivity Commission says.

PRODCOM 5: Where we got it wrong

4 Sep 18 - What went wrong with New Zealand’s Emissions Trading Scheme? The Productivity Commission spells it out in a report released today.

Don't rush free-credits' demise, warn exporters

24 Aug 18 - Trade-exposed heavy emitters should keep getting free carbon credits until 70 per cent of their international competitors face a carbon price, says Export New Zealand.

Carbon trading support sits at 50%, says survey

23 Aug 18 - Half of New Zealanders support carbon trading as a way of cutting the country’s greenhouse gas emissions, a survey shows.

Cheap-credits companies might face crackdown

22 Aug 18 - The Government might crack down on companies using cheap credits to cover their carbon liabilities while banking or selling credits given to them by taxpayers.

Carbon at $24 puts pressure on Government

16 Aug 18 - Carbon prices have smashed through the $24 barrier for the first time in nearly a decade of carbon trading in New Zealand, increasing pressure on the Government to lift the $25 price cap.

Lift carbon cap to $30 immediately, says broker

15 Aug 18 - The Government is being told to take the brakes off the carbon market and immediately lift the maximum price to $30 a tonne.

No floor, but expect early action on carbon prices

14 Aug 18 - The Government might intervene in the market to lift carbon prices before 2020, but it has no plan to introduce a price floor.

Heavy hitters bank more from free carbon credits

13 Aug 18 - The phasing out of the one-for-two carbon subsidy saw a big jump in the number of free carbon credits given to heavy industries last year.