Todd gets nod to drill first super-critical geothermal well
Thu 12 Mar 2026
By Pattrick Smellie | Todd Energy is to make its sole oil drilling rig available to drill the first exploration well under the government’s $60 million super-critical geothermal resource exploration programme under a ‘preferred supplier’ agreement announced yesterday.
Japan eyes New Zealand as green hydrogen export hub
Thu 12 Mar 2026
By Shannon Morris-Williams | A new partnership between major Japanese companies aims to explore exporting green hydrogen from New Zealand – but the economics of producing the energy-hungry fuel remain the biggest hurdle.
Greenpeace slams Govt climate policies amid rising petrol prices
Thu 12 Mar 2026
As petrol prices climb to $3 a litre, Greenpeace is blaming Government decisions for leaving Kiwis harder hit by the oil price spike.
Methanex: a gauge of NZ’s gas decline
Thu 12 Mar 2026
Methanex’s latest earnings call offered a blunt reminder that the company’s shrinking New Zealand business is now less a stand-alone corporate story than a barometer of the country’s broader gas decline.
Upton on LNG: don’t make electricity consumers subsidise industrial gas
Wed 11 Mar 2026
By Pattrick Smellie | Industrial gas users will be subsidised by electricity consumers unless they are also charged for access to the proposed liquefied natural gas (LNG) import facility, the Parliamentary Commissioner for the Environment, Simon Upton, says.
CARBON PRICE
Thu 12 Mar 2026
Exclusively for subscribers, the Carbon News NZU Index tracks daily movements in the compliance carbon market across multiple trading platforms.
Unusual scarcity drives early 2026 NZU rally
5 Mar 2026
By Pattrick Smellie | The New Zealand carbon price has recovered since its late 2025 collapse, although the rally is driven by scarcity rather than confidence in market settings.
Bidders no-show at carbon auction – again
3 Mar 2026
By Liz Kivi | As predicted, today’s carbon auction yet again failed to attract any bidders, with NZUs currently trading hands on the secondary market at a 35% discount on this year’s auction floor price.
Carbon auction set to be another non-event
2 Mar 2026
By Liz Kivi | Tomorrow’s Emissions Trading Scheme auction – the first for 2026 – is set to be a non-event, with secondary market prices more than $25 below this year’s $71 auction floor price.
Carbon price drops as volatility continues
17 Feb 2026
By Liz Kivi | The carbon market is still displaying extreme volatility, with prices dropping back to below $40 yesterday, after trading as high as $46.25 last week.
What does the Iran war mean for the energy transition and climate action?
Thu 12 Mar 2026
The US and Israel’s war on Iran has caused oil and gas prices to soar, with the world now preparing for the possibility of another energy crisis.
Living in the overshoot age
Thu 12 Mar 2026
Overshoot, the temporary crossing of climate targets before warming is reversed, has shifted from theoretical models to an urgent reality. Addressing this challenge requires effective strategies, global collaboration of different stakeholders and fair governance systems to manage the unprecedented risks.
Companies – including Blackrock – retired 2 million carbon credits after Verra suspended project
Thu 12 Mar 2026
Verra suspended the Pacajai REDD project in Brazil in September 2023, pending an investigation into the project’s validity. That didn’t stop Mastercard, BlackRock, Philip Morris International from retiring carbon credits from the project to offset their greenhouse gas emissions.
EU leaders to demand carbon market reform by July, draft shows
Thu 12 Mar 2026
European Union governments are set to ask the European Commission to propose reforms to the bloc's carbon market by July, draft conclusions for a summit of EU leaders next week showed.
If there was ever a moment for Australia’s shift to renewables and EVs, this is it
Thu 12 Mar 2026
Yes, Australia needs fuel. But the Middle East war also shows the necessity of setting ourselves up for the future.
Commonwealth Investment Summit showcases climate solutions
Thu 12 Mar 2026
Media release: The Commonwealth | Entrepreneurs from across Commonwealth small island developing states (SIDS) in the Pacific and Caribbean are presenting practical climate and economic solutions to global investors this week at the Commonwealth Investment Network (CIN) Summit.
Study highlights the hidden climate cost of the Israel–Gaza war
Thu 12 Mar 2026
Media release: Lancaster University | A new study estimates that the Israel–Gaza war has generated around 33 million tonnes of carbon dioxide equivalent (CO₂e), highlighting the often-overlooked environmental impact of armed conflict.
CLIMATE CALENDAR
Thu 12 Mar 2026
The Carbon News calendar of talks, events, conferences, consultations, and petitions related to climate change.
Native plant shows promise for tackling `forever chemicals’
Wed 11 Mar 2026
Media release: University of Auckland | One of Aotearoa New Zealand’s taonga plants, harakeke, shows promise as a treatment for removing “forever chemicals” from drinking water.
Building more sustainably in the wake of cyclones
Tue 10 Mar 2026
Media release | A new University of Auckland project aims to turn about 1200 Auckland houses destroyed by cyclones into a resource for a more sustainable future.
