Carbon News - Intelligence for the carbon market


Canned govt fund delivered emissions reductions at half current carbon price

Today 10:30am - By Vernon Small | The effective price the government paid for carbon emissions through the GIDI fund was about half – or less – than the current NZ unit spot price of $66.05.

Commerce Commission approves Transpower grid investment

Today 10:30am - The Commerce Commission has approved Transpower’s proposed $392.9 million investment in the national grid, and is satisfied that the identified need to strengthen the electricity transmission system over the next decade is in the long term interests of Kiwi consumers.

Tiwai Point’s future still in question

Monday - For those waiting for news about an agreement on Tiwai Point aluminium smelter's electricity supply, there were very few smoke signals from the major companies' half-year earning results.

Genesis reflects on bad spell and the future

28 Feb 24 - Genesis Energy says it will decide by the end of the year about whether it is possible to use biomass at the Huntly power station.

Environmental Defence Society says "radical anti-environment government" could harm NZ's reputation

27 Feb 24 - The Environmental Defence Society says the government’s environmental policies could cause environmental harm as well as threaten New Zealand’s international reputation.

Contact on electricity and carbon prices

26 Feb 24 - Contact Energy said it is inevitable that retail electricity prices will have to rise in line with long term wholesale prices and is also predicting that carbon prices will rise as well.

Future of transmission and distribution networks - how to get to net zero?

20 Feb 24 - The Electricity Authority is asking whether there should be greater coordination of distribution and transmission networks.

MfE lays out issues for new minister

13 Feb 24 - Environment officials’ briefings to incoming ministers are a guarded affair with the papers outlining issues and choices, including what the new government wants to do with resource management laws,...

Jones looks to boost oil and gas with guarantees

7 Feb 24 - Resources minister Shane Jones’ enthusiastic ‘boosterism’ for his portfolio has manifested itself again with him musing on the possibility of government guarantees for the oil and gas sector to...

Industry emissions up but GDP down

2 Feb 24 - New Zealand’s total greenhouse gas emissions are up 3% for the September 2023 quarter, according to the latest data from Stats NZ.

Rise in new renewable electricity generation projects

26 Jan 24 - Media release - A report commissioned by the Electricity Authority Te Mana Hiko shows the amount of new renewable electricity generation that has been committed has almost doubled in 18 months.

Lodestone gets green light for South Island sites

23 Jan 24 - Lodestone Energy has added three sites in Canterbury and South Canterbury to its second phase of agrivoltaic solar farms.

Gas shortage predicted in the next few years

19 Dec 23 - A report commissioned by the gas sector regulator says New Zealand is at risk of an energy shortfall within a few years as the complex interaction between supply and demand for gas tips into...

COP28 “frustrating” but some significant breakthroughs - experts

15 Dec 23 - Small island states facing the existential threat of climate change were particularly effective negotiators at the latest UN climate summit, according to a Kiwi expert.

NZ government swimming against the tide of history: Oil Change International

15 Dec 23 - Oil Change International campaign manager David Tong says the COP28 call to move away from fossil fuels shows the New Zealand government is trying to swim against the tide of history.

Bill passed to repeal Clean Car Discount

15 Dec 23 - The Government has passed legislation repealing the Clean Car Discount, which it nicknamed the “Ute tax,” for all vehicles registered after 31 December 2023.

Climate Change Commission doubles down on ETS criticism

13 Dec 23 - The Climate Change Commission has doubled-down on its long held view that the ETS is not fit for purpose when it comes to driving down emissions, in its latest advice to government.

Lack of interest in NZ oil and gas?

12 Dec 23 - The lack of interest in OMV’s oil and gas assets in New Zealand does not bode well for the new government’s hopes of attracting new investment with the reversal of the oil and gas exploration ban.

Govt under pressure to show 'coherent' climate policy after failing to sign renewables pledge

5 Dec 23 - New Zealand was one of only a few developed countries that didn’t sign a renewables pledge at the international climate summit in Dubai over the weekend. The country is now under “significant...

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