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How should that $3 billion in ETS revenues be spent?

27 May 2021


PAYING FARMERS to reduce their stocks, electrifying the main trunk line, and subsidies to zero-carbon housing, are some of the ideas suggested by experts for how the Government should spend the estimated $3 billion dollars raised over the next five years from the ETS auctions.

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Story copyright © Carbon News 2021

Related Topics:   Agriculture Biofuels Carbon prices Emissions trading Energy Forestry Greenhouse Effect NZ ETS Politics Tax Transport

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Ardern: 'We must not give up on 1.5'

Today 11:30am

By Shannon Morris-Williams | Former prime minister Dame Jacinda Ardern says the world must not abandon the Paris Agreement’s 1.5°C goal, warning that a decade on from COP21 “too many of the debates we thought were settled are still being had.”

'Little to be hopeful about' – NZ scientists caution ahead of COP30

Today 11:30am

By Shannon Morris-Williams | Record heat, worsening climate impacts and global backsliding on emission reduction commitments have left some New Zealand climate experts with little optimism as COP30 approaches.

Media round-up

Today 11:30am

In our round-up of climate coverage in local media: A controversial seabed mining project could lead to sediment flows knocking over rigs and damaging wind turbines; weather-related insurance claims climb; and is the government playing Russian Roulette with our future over methane targets?

Waimauku flooding during Cyclone Gabrielle

$235 billion worth of NZ buildings exposed to flooding

Thu 30 Oct 2025

More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.

Australia-based AMSL Aero's Vertiia is intended for hydrogen-powered flight.

Christchurch Airport boasts world-first liquid-hydrogen refuelling for test aircraft

Thu 30 Oct 2025

By Liz Kivi | Local companies working on hydrogen-electric flight have made ‘a significant step forward’ in successfully filling aviation tanks with liquid hydrogen produced and stored on-site at an international airport for the first time.

Foresta welcomes Government support for Kawerau plant

Thu 30 Oct 2025

By Diane McCarthy, Local Democracy Reporter | A $9 million Government boost to wood energy production has been welcomed by a company with its sights set on building a torrefied wood pellet plant in Kawerau.

Vero warns losses to rise 26% by 2050 over extreme weather

Wed 29 Oct 2025

By Shannon Morris-Williams | Extreme weather could drive a 19–26% spike in annual insurance losses by 2050, fuelled by rising seas and more intense flooding, according to Vero’s latest Climate-Related Disclosures Report.

FMA grants temporary 'no action' relief for for firms set to exit climate reporting regime

Wed 29 Oct 2025

The Financial Markets Authority has announced it won't take action against companies expecting to fall out of mandatory climate reporting obligations, if they fail to lodge climate statements while the law changes are pending.

Outgoing Electricity Authority chair Anna Kominik

EA chair resigns, questions remain about regulators’ role

Wed 29 Oct 2025

Electricity Authority chair Anna Kominik’s resignation has drawn fresh attention to long-standing questions about the role, capability and independence of energy regulators.

The current Onslow Dam and reservoir

Lake Onslow battery project set for revival?

Wed 29 Oct 2025

A newly formed private consortium has emerged with plans to finance and build the massive Lake Onslow pumped-hydro project, despite the coalition government’s decision to abandon the scheme.

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