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'The Emissions Trading Scheme is broken': Carr

5 Sep 2024

Climate Change Commission Chair Dr Rod Carr.
Climate Change Commission Chair Dr Rod Carr.

Climate Change Commission chair Rod Carr

 

By Shannon Williams

Aotearoa New Zealand’s Emissions Trading Scheme is broken and not fit for purpose, says Climate Change Commission chair Dr Rod Carr.

Speaking at the University of Canterbury Business School last week, the former UC vice-chancellor said reforming the ETS to incentivise other carbon sequestration methods, such as wetlands or premiums for native forestry or bringing in a biodiversity credit system, won’t work.


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Story copyright © Carbon News 2024

Related Topics:   Carbon Credits Emissions trading Energy Greenhouse Effect Low carbon NZ ETS Politics

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Farmers slam proposed guidelines for sustainable finance

Wed 16 Jul 2025

By Liz Kivi | Federated Farmers is calling on the government to scrap its proposed framework for ‘green’ finance, saying it is ideologically driven, unworkable, and risks harming rural communities.

NZ Forest Owners Association CEO Dr Elizabeth Heeg presented to the environment select committee.

Foresters seek time; end to using ETS as a land use tool

Wed 16 Jul 2025

By Pattrick Smellie | Production and carbon forestry owners have begged the environment select committee to at least give the sector more time to come up with workable rules for legislation intended to cap forest planting on farmland.

Reforms 'ignore root causes' of catastrophic slash discharges

Wed 16 Jul 2025

The government's proposed slash and forestry management changes ignore the root causes of "illegal and catastrophic discharges" from clear-felling sites on erosion-susceptible land, according to an expert.

Govt announces $600k package for flood-affected farmers in Nelson Tasman

Wed 16 Jul 2025

The government has announced a $600,000 support package for flood-affected farmers in the Nelson Tasman Region, a move Federated Farmers says is a lifeline.

New Zealand First MP Andy Foster

Debanking bill 'financially dangerous'

Tue 15 Jul 2025

By Shannon Morris-Williams | A private member’s bill aiming to stop financial institutions from considering ESG factors has been slammed by leading investment groups, legal experts, and climate finance advocates as misguided, financially dangerous, and legislative overreach.

Forest damage following recent weather events in the Nelson-Tasman region.

4000 hectares of forest uprooted by extreme winds in Nelson-Tasman storms

Tue 15 Jul 2025

By Liz Kivi | Foresters are facing a massive clean-up and tens of millions of dollars worth of damage from recent climate change-fuelled storms at the top of the South Island, with initial reports of 4000 hectares of wind-thrown production forestry.

Flooding in the Waimakariri district following the April 29 to May 2 rain event.

As the sea level rises, who will pay? Councils seek answers

Tue 15 Jul 2025

By David Hill, Local Democracy Reporter | North Canterbury's councils are seeking guidance from Government over who pays for protections from sea level rise, flooding and weather events.

Govt urged to make moves on electricity market

Tue 15 Jul 2025

Lobbying is increasing ahead of the release of the Frontier Economics report and the Government’s decisions on electricity market reforms.

Forestry slash in a river near Gisborne following Cyclone Gabrielle

‘Weaponised timber torpedoes’ – call for forestry changes after flooding

Mon 14 Jul 2025

By Liz Kivi | A climate scientist is calling for changes to forestry practices, after the second ‘one-in-one-hundred-year’ climate-fuelled flash flood to hit the top of the South Island in two weeks unleashed a torrent of pine forest waste, wiping out homes and a campground.

Researchers unveil new tools to accurately track methane emissions

Mon 14 Jul 2025

Breakthrough methane monitoring tools developed by Earth Sciences New Zealand are set to transform how farmers, landfill operators, and wastewater facilities track and tackle their methane emissions.

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