Forestry

Auction preview: experts predict partial clearance tomorrow

Today 11:15am - The secondary carbon market is trading just above the $64 auction floor, as tomorrow’s highly anticipated auction looms - the fourth and final of 2024.

Gisborne councillors fear loss of control over forestry rules

Monday - By Zita Campbell, Local Democracy Reporter | Gisborne district councillors fear a proposed nationwide environmental standard will prevent the council from creating and enforcing rules to safeguard Tairāwhiti's “unique terrain”.

Waitangi Tribunal kicks off inquiry into climate change policy

Friday - By Liz Kivi | The Crown has contributed to worsening the climate crisis as well as exacerbating impacts on Māori communities, a Waitangi Tribunal panel heard this week.

United Nations carbon market rules agreed but concerns remain

25 Nov 24 - New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.

Complex Article 6 rules pave way to unruly carbon markets

25 Nov 24 - Media release | Despite the best efforts of activists and some climate negotiators, the agreement reached on Article 6 carbon markets at COP29 in Baku risks facilitating cowboy carbon markets at a time when the world needs a sheriff.

Partial clearance possible at December auction

22 Nov 24 - The carbon price is hitting up against the $64 auction floor on the secondary market, with the government’s final quarterly auction for the year now less than two weeks away.

Delaying agricultural emissions pricing comes with a cost

20 Nov 24 - Holding back on agricultural emissions pricing could cost New Zealand hundreds of millions more in future offshore climate mitigation.

New carbon market rules could lock out forestry

19 Nov 24 - By Liz Kivi | New carbon market rules negotiated at the United Nations climate summit could have negative consequences for carbon forestry in New Zealand, experts are warning.

Govt could make significant domestic reductions towards second NDC - but needs to hurry up

8 Nov 24 - The government could find much of the needed emissions reductions for its next Paris Agreement pledge at home – but needs to get on with it, says new analysis from the Climate Change Commission.

Constraints on forestry set to slash unit supply

8 Nov 24 - COMMENT: Carbon unit supply from forestry looks set to be limited by multiple factors - and by 2040 NZUs from new forestry are likely to fulfill only a fraction of demand, writes Ollie...

Media round-up

8 Nov 24 - In our weekly round-up of climate coverage in local media: Tensions flare over ETS forestry on the Chatham Islands; MPI questions the Climate Commissions native forestry targets; and extreme weather...

Carbon price inching up as auction looms

7 Nov 24 - The carbon price is still inching up towards the auction floor, with the final auction for 2024 less than a month away. But the US election result means uncertain times for global environmental...

Upcoming auction pivotal for carbon market

29 Oct 24 - With the final carbon auction of the year less than six weeks away, experts are watching keenly to see if any carbon units are likely to enter the market at auction.

Environmental management failing to hold the line - Upton

24 Oct 24 - Parliamentary Commissioner for the Environment Simon Upton is not confident New Zealand’s efforts are making a difference to environmental quality.

Government consulting on ETS charges for forestry

23 Oct 24 - The government is proposing setting an annual per hectare charge for forestry in the ETS at $14.90 - about half the price set by the previous government, but still a significant increase on what...

Stockpile and forestry set to drive carbon price

23 Oct 24 - Stockpile holders will have the power to set the NZU price in future, as the importance of the government’s carbon auctions wanes, Emissions Trading Scheme participants were told last week.

Revealed: Biomass firm poised to clear Bornean rainforest for dubious ‘green’ energy

22 Oct 24 - Indonesia’s strategy for increasing renewable energy production could see Indigenous communities lose huge swathes of their forests to biomass plantations.

Foresters welcome reference group - but questions remain around ETS charges

17 Oct 24 - Foresters have welcomed the plan for a new Reference Group for the sector, but say the government shouldn’t risk undermining afforestation by overcharging foresters participating in the ETS.

Government and sector to improve Forestry ETS Registry

14 Oct 24 - Media release | Forestry Minister Todd McClay today announced the establishment of a Forestry Sector Reference Group to drive better outcomes from the Forestry Emissions Trading Scheme (ETS) Registry.