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NZ might face $24 billion pricetag for offshore carbon credits to 2030: Treasury

11 Apr 2023

Photo: Jp Valery on Unsplash

 

New Zealand might be facing a $24 billion bill to meet its international obligations for carbon emission reductions to 2030, according to a new report.

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Story copyright © Carbon News 2023

Related Topics:   Carbon Credits Carbon prices Emissions trading NZ ETS Paris Agreement United Nations

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Space growth plan sparks climate and ozone warnings

Today 12:00pm

By Shannon Morris-Williams | The Government’s decision to increase the number of New Zealand's permitted space launches tenfold – from 100 to 1000 – has prompted warnings from scientists about potential impacts on the ozone layer and Southern Hemisphere climate systems.

Flawed decision-making around taxing electricity to fund LNG import terminal

Today 12:00pm

By Simon Orme | COMMENT: The Government's decision to back an LNG import terminal exemplifies an egregious failure in public policy and energy sector governance.

Outdated land-use system unfit for modern environmental regulation, commissioner warns

Today 12:00pm

By Shannon Morris-Williams | New Zealand’s long-standing Land Use Capability (LUC) system is no longer fit for regulatory decision-making, according to a new review from the Parliamentary Commissioner for the Environment.

Flooding in Motueka, July 2021

New research on climate adaptation as severe weather hits

Today 12:00pm

As extreme weather batters the country yet again, researchers have published the first ever empirical study of climate adaptation justice in Aotearoa New Zealand.

The port's industrial area has long focused on petrochemicals, with the tank farm and the former Dow agrichemical plant features of the neighbourhood.

Explosive risk brings caution call on LNG

Today 12:00pm

By Craig Ashworth, Local Democracy Reporter | Community energy lobbyists say a Liquified Natural Gas terminal in Taranaki must be built far from homes to protect locals from the risk of catastrophic explosions.

Former Climate Change Commission Chair Dr Rod Carr

NZ still lacking coherent energy strategy

Fri 13 Feb 2026

By Rod Carr | COMMENT: The government’s levy-funded foreign gas proposal for an LNG terminal shows New Zealand’s politicians being outmanoeuvred yet again by the multi-trillion dollar energy industry.

Lawyers for Climate Action executive director Jessica Palairet

Lawyers seek answers on climate impacts of LNG import facility

Fri 13 Feb 2026

By Shannon Morris-Williams | Lawyers for Climate Action has written to Climate Change and Energy Minister Simon Watts warning that the Government's plan for an LNG import terminal could be in conflict with New Zealand’s climate obligations and emissions reduction targets.

Waikiki beach, Honolulu

Climate ambassador moves on

Fri 13 Feb 2026

By Liz Kivi | The Government is on the hunt for a new top climate diplomat, with previous climate ambassador Stu Horne moving on to a posting in Honolulu as New Zealand’s Consul General to Hawai’i.

Media round-up

Fri 13 Feb 2026

In our round-up of climate coverage in local media: Senior UK ministers have asked their New Zealand counterparts to explain new climate policies, National’s LNG blunders are a warning ahead of election campaign, and what are the lessons New Zealand should take from another summer of weather disasters?

Kiwi startup takes on global plastic pollution

Thu 12 Feb 2026

A New Zealand startup is launching what it says is the world’s first plastic-free effervescent drink tablet, with the ambitious aim of eliminating bottled beverages to reduce global plastic pollution.

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