ETS will hit steel mill profits by $60m a year - $1 billion investment deferred
11 Apr 2008
MPs have been told a $1 billion decision to invest in New Zealand’s Glenbrook steel mill depends on the shape of the final emissions trading legislation, and the new regime might also lead to the mill’s closure.
Mill owner New Zealand Steel Limited says the ETS bill as drafted will have “a very detrimental affect on NZ Steel’s medium term viability”, including a $60 million a year impact on profits.
... login or subscribe for full story
Story copyright © Carbon News 2008
Cuts to climate finance put exports in jeopardy: Lawyers
23 May 2025
By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Environmental groups call on PM to reject regulatory standards
19 May 2025
Four of Aotearoa New Zealand’s environmental organisations have issued a joint open letter to Prime Minister Christopher Luxon urging him to reject the Regulatory Standards Bill in full.
Nature is not an economic handbrake: Environmental Defence Society
16 May 2025
Nature is not a handbrake on economic growth – the two must go hand in hand, attendees heard on the final day of the Environmental Defence Society’s Dollars and Sense conference this week.
Green budget 'ludicrous la-la land' – govt
15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
Greens promise to rapidly reduce emissions in new Green Budget
14 May 2025
By Shannon Williams | The Green Party has unveiled its alternative Green Budget, promising bold investments to tackle the climate crisis and deliver cleaner air, water, and soil.
Commissioner calls on govt to better manage economic risks of climate change
12 May 2025
Climate change is creating an inevitable liability for the government which needs to be understood and managed, according to the Parliamentary Commissioner for the Environment.
Green Party plans to bring back industry decarbonisation fund
6 May 2025
The Greens want to bring back the Government Investment in Decarbonising Industry (GIDI) Fund and use it to kickstart sustainable forestry for building and fuel.
Second 'woke banks' bill aims to remove climate disclosures
30 Apr 2025
By Shannon Williams | The ACT Party has joined the fight against so-called "woke" banks by introducing a member’s bill aimed at repealing laws that require banks and other financial institutions to report on climate-related disclosures.
Green's anti-mining bill drawn from ballot
11 Apr 2025
The Green Party's Crown Minerals (Prohibition of Mining) Amendment Bill has been drawn from the ballot and will be debated in Parliament.
