Topics tagged with 'Carbon Credits'
Shane Jones on climate change – it’s real, but…
Today 10:45am
By Pattrick Smellie | New Zealand First deputy leader Shane Jones believes climate change is real, but is uninterested in what is causing it and primarily focused on adapting to it.
Forestry the source of all ETS risk, says top economist
Today 10:45am
By Shannon Morris-Williams | Forestry is the source of all of the risk in New Zealand's Emissions Trading Scheme and it's inevitable that the scheme has to be reformed, according to Parliamentary Commissioner for the Environment chief economist Geoff Simmons.
Forestry sector could take legal action over ETS changes
Thu 14 Aug 2025
By Liz Kivi | The forestry sector is threatening legal action against the Government over changes to legislation intended to limit whole farm-to-forest conversions in the Emissions Trading Scheme.
Carbon price underperforming: Environment secretary
Wed 13 Aug 2025
By Liz Kivi | The government has been focussed on reducing the Emissions Trading Scheme ‘stockpile’ and carbon prices should rise soon, according to the Secretary for the Environment.
Carbon offsets market set for revival as high-quality removal solutions gain traction, says GlobalData
Tue 12 Aug 2025
Media release - GlobalData | The carbon offsets market has experienced a significant slowdown since 2021, primarily due to scandals surrounding project quality and overstated impacts.
Carbon prices slide as market awaits ETS decision
1 Aug 2025
By Liz Kivi | Volatility has returned to the secondary carbon market, with prices sliding again after plateauing in recent weeks, as the market waits for government decisions on Emissions Trading Scheme settings.
Does NZ need a national incentive scheme for wetlands?
25 Jul 2025
By Liz Kivi | An expert is calling for a national incentive programme to restore New Zealand’s wetlands and wants to stop schemes to drain these vital carbon-sequestering ecosystems.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
‘Ideological sludge’: How NZ is quiet quitting climate action
17 Jul 2025
New Zealand once stood out as a world leader on climate change. In June it became the first country in the world to abandon a commitment to phase out oil, gas and coal.
Foresters seek time; end to using ETS as a land use tool
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.
NZ voluntary carbon market’s sad state
14 Jul 2025
By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.
Emissions Trading Scheme needs deep reform - commissioner
11 Jul 2025
The government’s attempt to limit forestry conversions on rural land is unlikely to lead to meaningful change, according to the Parliamentary Commissioner for the Environment.
Carbon price grinds higher - where to from now?
30 Jun 2025
By Liz Kivi | The carbon price has continued to grind slowly higher since this month’s failed auction, with prices at their highest since March, although still languishing well below this year’s auction floor price.
Bill to limit farm-to-forest conversions passes first reading
27 Jun 2025
By Shannon Morris-Williams | The government's bill aiming to limit farm-to-forestry conversions in the Emissions Trading Scheme passed its first reading in Parliament this week, however concerns were raised over rushing it through under urgency, with less than two weeks allowed for public submissions.
Could an unexplained carbon forest sink solve govt’s billion-dollar climate woes?
23 Jun 2025
By Liz Kivi | A groundbreaking study shows that New Zealand’s native forests are absorbing far more carbon dioxide than previously thought.
Govt hopes to lure international investors with nature credits
19 Jun 2025
By Liz Kivi | The government is hoping its support for a biodiversity credits market in New Zealand will see at least $20 million of investment stay in the country.
Carbon auction fails again
18 Jun 2025
By Liz Kivi | As predicted, today’s carbon auction failed to attract any bidders, with the secondary market languishing at nearly 20% below the minimum auction price.
Biodiversity market needs govt regulation to avoid fraud risk
17 Jun 2025
By Liz Kivi | Participants have applauded the government’s pilot programme for New Zealand’s voluntary biodiversity market, but an expert says the emerging market needs better regulation to avoid reputational risk and fraud.
Carbon auction odds-on to fail
13 Jun 2025
By Liz Kivi | The carbon price has rallied slightly in recent weeks, however with secondary market prices still hovering around the $57 mark, well below this year’s $68 auction floor price, next week’s Emissions Trading Scheme auction looks set to fail.
Pará’s Amazon forest carbon deal in doubt as prosecutors move to block it
13 Jun 2025
The Brazilian state’s contract with foreign governments and companies has run into trouble over concerns it was premature and agreed without consulting Indigenous communities.
Govt announces pilot projects for voluntary nature credits
12 Jun 2025
The government today announced it is supporting the voluntary credits nature market to expand by running pilot projects across New Zealand.
Legal experts sue Climate minister over ‘glaring holes’ in climate plan
11 Jun 2025
By Liz Kivi | Legal experts are taking the government to court over its Emissions Reduction Plan, alleging it fails to fulfil basic requirements of the law – with one of the arguments focussing on an over-reliance on tree-planting.
Govt mulls status quo for ETS auction settings
29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
EU countries agree to exempt most firms from carbon border tariff
28 May 2025
European Union countries backed plans on Tuesday to scale back the bloc's carbon border levy to cover just 10% of the companies currently covered by the scheme, on the grounds that these firms account for nearly all of the emissions involved.
Greenwashing is rife in Australia, but could its days be numbered?
28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Govt announces changes to ETS market governance
27 May 2025
By Liz Kivi | The government is making changes to strengthen market governance of the Emissions Trading Scheme, climate change minister Simon Watts announced this morning.
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.
Media round-up
23 May 2025
In our weekly round-up of climate coverage in local media: What is behind delays to a taxpayer-funded methane satellite? Is carbon capture a fossil fuel industry scam? and David Hall argues that efficient forms of energy are not "lesser evils."
Govt puts off reviewing carbon subsidies
22 May 2025
By Shannon Williams | The government is no longer considering changes to phase-out rates for millions of dollars worth of carbon subsidies to industrial polluters under the Emissions Trading Scheme.
Forecast points to a significant drop in NZU stockpile in 2026
21 May 2025
By Clive Bradbury | ANALYSIS: The Crown’s latest forecasts of supply and demand suggest we could see a significant drop in the NZU stockpile in 2026, with uncertainty around forestry playing a large part in the equation.
Carbon price too low to fund carbon capture
20 May 2025
The government’s climate target to 2030 is at risk, after revelations that a carbon capture project which the government was relying on to deliver one third of its carbon reductions, might not go ahead.
Transpower will keep gas and carbon trading platform
19 May 2025
Transpower will continue to own and operate its gas and carbon trading platform emsTradepoint for the foreseeable future, it announced this morning.
Key rules agreed for credible climate project crediting under UN carbon market
19 May 2025
Media release | A UN Body responsible for setting up a carbon market under the Paris Agreement adopted important new standards to guide how emission-reducing projects measure their impact.
Carbon price up but June auction still tipped to fail
15 May 2025
The carbon price has recovered somewhat as forestry selling eases, however NZUs are still changing hands on the secondary market at well below the $68 auction floor.
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.
Govt needs to get moving to deliver international climate target says commission
12 May 2025
By Liz Kivi | The Climate Change Commission is warning that “time is running short” for the government to deliver on its international climate target.
Farming lobby attacks ‘loopholes’ in carbon forestry limits
7 May 2025
Beef + Lamb New Zealand is urging the government to close what it says are loopholes in new guidance around limits on carbon forestry.
Cookstove carbon credits: Recipe for cooking the climate books
6 May 2025
Media release | A new report reveals that cookstove carbon projects eligible for the Korean Emissions Trading Scheme are at risk of issuing 18 times more credits than they should, echoing past EU carbon market mistakes.
Air New Zealand announces less ambitious emissions ‘guidance’
2 May 2025
Air New Zealand has published its first “emissions guidance,” saying it expects to reduce net “well-to-wake” greenhouse gas emissions from jet fuel by 20-25% by 2030, from a 2019 baseline.
Govt on track to ban farm-to-forest conversions - McClay
2 May 2025
Agriculture and Forestry Minister Todd McClay has confirmed that restrictions on full farm-to-forest conversions on LUC 1-6 farmland will be in place this year.
Experts question Climate Commission’s advice
30 Apr 2025
The Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings is lacking important information, and fails to take into account the commission’s own advice to update the country’s climate targets, says an expert.
Carbon price slumps for fourth week in a row
29 Apr 2025
Carbon prices on the secondary market dropped for the fourth consecutive week last week, with NZUs changing hands at $20 below this year’s auction floor price of $68.
Commission’s plan to increase ETS auction units could lead to lower prices
24 Apr 2025
Experts are criticising the Climate Change Commission’s proposal to increase the amount of carbon units available at auction, while the market is still plagued by low prices and seems oversupplied.
Govt can auction more carbon credits: Commission’s advice
23 Apr 2025
The Climate Change Commission says that ‘surplus’ pollution permits in the market have dropped more quickly than expected, so the government could auction 14 million additional NZUs to 2030.
Moribund carbon price underlines Emissions Trading Scheme’s low integrity
22 Apr 2025
By Liz Kivi | Experts are blaming declining carbon prices on weak policy settings and the government’s unwillingness to tackle continuing problems with the Emissions Trading Scheme.
Carbon price nosedives
16 Apr 2025
The carbon price graph dropped off a cliff yesterday, down 6% overnight to a ten-month low amidst continued selling from forest owners.
ETS surplus volume likely to be reducing too slowly - new analysis
14 Apr 2025
Excess carbon units in the Emissions Trading Scheme - the ‘surplus’ in privately held accounts - look to be reducing more slowly than the Climate Change Commission's targeted annual reductions, according to new analysis.
Govt needs to look at alternatives to free pollution credits for industrial emitters: Commission
11 Apr 2025
The Climate Change Commission says there are “legitimate questions” about hundreds of millions of public money spent on free carbon credits for polluters, and the government should be looking at alternatives.
Commissioner calls for urgent reform of carbon forestry in ETS
10 Apr 2025
The Parliamentary Commissioner for the Environment is calling on the Government to remove forestry from the New Zealand Emissions Trading Scheme, warning that the country’s flagship climate policy is entrenching risky land use decisions and undermining long-term emissions reductions.
'Don't tinker with the ETS': forestry groups
10 Apr 2025
Foresters have hit back against the Parliamentary Commissioner for the Environment’s call to remove forestry from the Emissions Trading Scheme, saying the move would threaten New Zealand’s climate goals.
Shane Jones on climate change – it’s real, but…
Today 10:45am
By Pattrick Smellie | New Zealand First deputy leader Shane Jones believes climate change is real, but is uninterested in what is causing it and primarily focused on adapting to it.
Forestry the source of all ETS risk, says top economist
Today 10:45am
By Shannon Morris-Williams | Forestry is the source of all of the risk in New Zealand's Emissions Trading Scheme and it's inevitable that the scheme has to be reformed, according to Parliamentary Commissioner for the Environment chief economist Geoff Simmons.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Why plane turbulence is becoming more frequent - and more severe
6 Aug 2025
As climate change shifts atmospheric conditions, experts warn that air travel could become bumpier: temperature changes and shifting wind patterns in the upper atmosphere are expected to increase the frequency and intensity of severe turbulence.
'Cali Fund’ for nature still empty as emails show industry hesitation
8 Aug 2025
A major fund for biodiversity remains starved of resources more than five months after its launch – with no money yet put forward by the large companies who could contribute.
Media round-up
Today 10:45am
In our round-up of climate coverage in local media: Australia could be about to leapfrog New Zealand on climate targets; 'strangled' rivers are fighting back; and 10 rangatahi will join Aotearoa New Zealand’s delegation at the United Nations' major climate conference in Brazil.
Wildfires fanned by heatwave and strong winds rage across Europe
Today 10:45am
Wildfires caused by arsonists or thunderstorms and fanned by a heatwave and strong winds wreaked destruction across southern Europe on Wednesday, burning homes and forcing thousands of residents and tourists to flee.
Forestry sector could take legal action over ETS changes
Thu 14 Aug 2025
By Liz Kivi | The forestry sector is threatening legal action against the Government over changes to legislation intended to limit whole farm-to-forest conversions in the Emissions Trading Scheme.
Why China is still building new coal – and when it might stop
Thu 14 Aug 2025
Last year, China started construction on an estimated 95 gigawatts (GW) of new coal power capacity, enough to power the entire UK twice over.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
What does 'drier' really mean in 'green' homes?
1 Aug 2025
Media release - Waipapa Taumata Rau, University of Auckland | Researchers say green-rating systems could improve clarity and effectiveness by explicitly defining ‘drier’ and using two measures of humidity.
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.
Carbon price underperforming: Environment secretary
Wed 13 Aug 2025
By Liz Kivi | The government has been focussed on reducing the Emissions Trading Scheme ‘stockpile’ and carbon prices should rise soon, according to the Secretary for the Environment.
Hot water heat pumps next big thing – but need a push
Thu 14 Aug 2025
Media release – Ecobulb Limited | Bold action is needed to accelerate New Zealand’s transition to cleaner, more energy-efficient homes and businesses, says energy efficiency expert Dr Chris Mardon.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Global oil markets face record supply glut next year, IEA says
Today 10:45am
Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said.
A modest geothermal strategy
31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
Govt rejects Te Kuha coal mine fast-track bid
Wed 13 Aug 2025
By Shannon Morris-Williams | The controversial Te Kuha coal mine on the West Coast has had its application for fast-track approval declined, after failing to meet seven of the application criteria.
Will reflective roofs help beat the heat?
Today 10:45am
Media release - University of Auckland | About 500 roofs across four continents have been painted with a reflective coating, as part of research into tackling the health impacts of climate change.
How the meat industry uses environmental groups to make beef seem climate-friendly
Mon 11 Aug 2025
The meat industry may have enlisted environmental groups to persuade people to “feel better” about eating beef, despite the sector’s ballooning emissions of climate-heating pollution.
Watts talks big on energy reform, but barriers persist
29 May 2025
By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.
Hiringa eyes green methanol plant near Whanganui
29 Jul 2025
By Pattrick Smellie | Green hydrogen pioneer Hiringa Energy is deep in planning to develop an “eight-to-nine figure” methanol plant near Whanganui, using a combination of biomass and hydrogen produced using renewable energy.
Why insurers worry the world could soon become uninsurable
Mon 11 Aug 2025
Top insurers fear the climate crisis could soon outpace industry solutions, effectively threatening to make entire regions around the world uninsurable.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
First-of-a-kind US class-action lawsuit would force EPA to reinstate $3bn climate program
7 Aug 2025
Coalition of non-profits, tribes and local governments sued EPA chief for halting climate justice grants.
Fund for low emissions transport winds up
31 Jul 2025
New Zealand’s Low Emission Transport Fund has officially wrapped up, ending a nine-year programme that put hundreds of millions of dollars towards accelerating the country’s shift to cleaner transport.
A mineral mining boom is not ‘critical’ for the green transition
Wed 13 Aug 2025
New research shows renewable energy goals could largely be met with the amount of minerals produced today – but the military industry wants more.
NZ's latest climate target 'weak' – Climate Action Tracker
24 Jun 2025
By Shannon Morris-Williams | New Zealand's new international climate target to 2035 is weak, and could even allow for higher emissions than the 2030 target, according to a global scientific project that tracks government climate action.
Oil states accused of using scare tactics in bid to sink green shipping deal
Tue 12 Aug 2025
Saudi Arabia, Iran and other oil-reliant countries are campaigning to stop the adoption of the IMO’s Net-zero Framework in October.
Backlash over govt conservation changes
4 Aug 2025
By Shannon Morris-Williams | The government’s proposed changes to the Conservation Act are the most significant roll back in conservation protections in a generation, according to the Green Party.
Plastic treaty talks nearing collapse as nations remain deadlocked on production
Thu 14 Aug 2025
Environmental organisations warn that without urgent compromises the session could fail to produce a treaty capable of tackling the scale of the crisis.
New resource management bill an 'unprecedented power grab' by ministers
Wed 13 Aug 2025
Media release – Environmental Defence Society | The changes proposed in the Amendment Paper represent an "egregious aggregation of power" by Minister Bishop, aimed at disempowering councils who protect the environment.
A new report shows how local climate activism leads to ‘remarkable’ gains
7 Aug 2025
Efforts to pass laws and advance clean energy projects can significantly reduce emissions, and at a low cost.
Straterra has a new name: the New Zealand Minerals Council
16 Apr 2025
Media release | Straterra has been renamed as New Zealand Minerals Council, says chief executive Josie Vidal.
Heat pumps could cut household energy bills by $1.5 billion a year
Tue 12 Aug 2025
By Liz Kivi | Heat pumps could save Kiwi households hundreds of millions of dollars each year, as well as freeing up energy for industrial users, according to a new report.
International scientists slam NZ govt's proposed approach to methane
Wed 13 Aug 2025
New Zealand's proposed approach to methane emissions has again been attacked by international climate scientists, with a new study saying the attempt to redefine climate target-setting by livestock-exporting countries undermines the transition to a sustainable and equitable food system
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Last minute change to oil and gas legislation over cleanup costs
31 Jul 2025
By Liz Kivi | The government is expected to repeal the oil and gas ban today, with a last-minute amendment handing discretionary power to two ministers over the controversial issue of decommissioning.
African $60 billion high-speed rail project takes shape
Today 10:45am
One of the largest infrastructure projects in Africa has received a new update that could see construction begin soon.
Momentum sagging at UN plastic pollution treaty talks
Tue 12 Aug 2025
Talks on forging a landmark treaty to combat the scourge of plastic pollution were stumbling Saturday, with progress slow and countries wildly at odds on how far the proposed agreement should go.
'Yet another rate': Franz Josef ratepayers balk at $2.8m stopbank extension
4 Aug 2025
By Lois Williams, Local Democracy Reporter | Franz Josef ratepayers have given the thumbs down to plans for a $2.8 million stopbank extension to protect the town’s sewerage plant from the Waiho River.
Warmer end to winter but dry spell expected over southern lakes
5 Aug 2025
As hydro lake levels hover just below average levels, climate forecasts indicate that warmer than usual weather conditions will reduce demand, but there will likely be less rain over the southern hydro lakes as New Zealand moves towards spring and summer.
Record UK wildfires have burned an area twice the size of Glasgow in 2025
Tue 12 Aug 2025
Wildfires have scorched more than 40,000 hectares of land so far this year across the UK – an area more than twice the size of the Scottish city of Glasgow.
For the first time, China invests more in wind and solar than coal overseas
29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
