Topics tagged with 'Carbon Credits'
Carbon price drops, now trading 30% below auction floor
Today 11:00am
By Liz Kivi | Secondary carbon market prices took a sharp downward turn last week, with traders blaming a continued lack of interest from buyers.
Taxonomy seen as key to shaping NZ’s voluntary nature credit market
Thu 30 Oct 2025
By Shannon Morris-Williams | Experts say aligning the New Zealand Sustainable Finance Taxonomy with the development of voluntary nature credit markets could strengthen credibility, streamline investment, and support high-integrity environmental outcomes.
‘Plain old dull’: NZU market continues to limp sideways
24 Oct 2025
By Liz Kivi | The NZU market has been “plain old dull” in recent months, with activity driven mainly by credit opportunities or a specific need to raise cash, according to Lizzie Chambers of trading platform Carbon Match.
Carbon Finance Program upscales efforts to close climate investment gap in climate vulnerable nations
22 Oct 2025
Media release | The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) will work with the Voluntary Carbon Markets Integrity Initiative (VCMI) to upscale the Carbon Finance Program in reach and impact, supporting more climate-vulnerable countries to host high-integrity carbon projects that yield tangible climate, nature, and sustainable development benefits.
Broker predicts all this year’s carbon auctions will fail
10 Oct 2025
By Liz Kivi | Marex New Zealand is forecasting that the government will sell no ‘pollution permits’ at the NZU auctions this year, with a significant gap continuing between secondary market prices and this year’s $68 auction floor price.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
Emerging biodiversity and carbon markets part of Gisborne plan for land-use change
6 Oct 2025
Gisborne District Council has endorsed a plan to shift up to 100,000 hectares of the region’s most erosion-prone land into permanent vegetation cover and is calling on the Government to make urgent changes to the Emissions Trading Scheme to aid the transition.
Will govt’s light touch approach lead to higher carbon prices?
3 Oct 2025
By Liz Kivi | Carbon market watchers are hoping the government’s plan for the electricity sector will eventually lead to higher carbon prices, with the secondary market still trading sideways for the longest time in its history.
NZ quiet on climate target at UN meeting
2 Oct 2025
By Liz Kivi | New Zealand didn't mention its recently minted – but widely criticised – climate target for 2035 at a major multilateral climate meeting in New York last week, at an event which was ostensibly billed as a platform for leaders to present their new targets.
Climate credibility gap widening for Aussie firms
1 Oct 2025
By Pattrick Smellie | Australian public companies’ climate change commitments are in retreat, reflecting difficulty in achieving stated targets and increased fossil use, but not because of any pressure to make less effort, according to a study of major companies’ ESG reporting.
Carbon price steady after failed quarterly auction
16 Sep 2025
By Liz Kivi | The carbon price has continued to trade in its familiar moribund range in the high $50s following last week’s failed quarterly auction, with ample supply still trading on the secondary market at about $10 below this year’s $68 auction floor.
No bidders front to carbon auction - again
10 Sep 2025
By Liz Kivi | Today’s quarterly carbon auction was a non-event yet again, making it the third consecutive auction this year with no bidders, with the secondary market price still limping along at nearly 20% below the auction floor.
'Atrocious' and 'bizarre': experts slam Act Party's climate policy
3 Sep 2025
By Liz Kivi | The Act Party is promising to challenge New Zealand’s Paris Agreement climate target, while the coalition Government’s other minor partner, NZ First, also says it wants to reevaluate the country’s commitment to the international treaty.
Are carbon credits becoming more acceptable?
3 Sep 2025
Google, Microsoft and SAP are just some of the companies starting to use, and talk about, carbon credits, which could lead to growth of carbon markets.
Carbon market still weak despite govt confirming tighter auction supply
28 Aug 2025
By Liz Kivi | The government’s commitment to keeping Emissions Trading Scheme auction volumes tight to 2030 has done little to buoy carbon prices, with an underwhelming response from the market following last week’s announcement.
Toitū extending use of ETS forest carbon credits
25 Aug 2025
By Liz Kivi | Carbon certifier Toitū Envirocare has walked back plans to stop accepting Emissions Trading Scheme credits for offsetting, because there is still a shortage of local carbon credits meeting international standards.
‘Problems looming’ for Govt's key climate tool
22 Aug 2025
By Liz Kivi | There are serious unresolved issues for the Emissions Trading Scheme which mean it could become unstable and ineffective at driving emissions reductions, according to the Climate Change Commission.
Certainty crucial to emissions cuts – Watts
20 Aug 2025
By Shannon Morris-Williams | Climate Change Minister Simon Watts says that policy certainty is the Government’s primary lever for unlocking private capital and meeting climate targets, telling a carbon forestry conference that ETS settings are 'locked' through 2030.
Govt opts for status quo for ETS auctions
19 Aug 2025
By Liz Kivi | The government has chosen not to increase auction volumes in the Emissions Trading Scheme, a decision applauded by carbon market insiders and climate campaigners alike, despite it contradicting the Climate Change Commission’s advice.
Shane Jones on climate change – it’s real, but…
15 Aug 2025
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
15 Aug 2025
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
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
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
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.
Hutt City Council slashes gas emissions
Today 11:00am
By Shannon Morris-Williams | Hutt City Council is set to cut its gas emissions by 60% by 2026 as it speeds up phasing out fossil fuels from public facilities.
Carbon price drops, now trading 30% below auction floor
Today 11:00am
By Liz Kivi | Secondary carbon market prices took a sharp downward turn last week, with traders blaming a continued lack of interest from buyers.
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
Celebrities slam mining plans
Tue 28 Oct 2025
Actor Sam Neill has slammed plans for a gold mine in Otago, while Denniston Rose author Jenny Pattrick is backing a petition that would stop a coalmine on the West Coast.
Govt launches strategy backing wood-based heat sector
23 Oct 2025
By Pattrick Smellie | Forestry biomass could replace as much as 40% of fossil fuel-generated process heat by 2050, but access to supply, regulatory settings and business cases for converting to wood-based heat sources are required, the Government says in a series of documents released yesterday.
Devastation on repeat: How climate change is worsening Pakistan's deadly floods
Today 11:00am
Rescuers and relatives searched knee-deep in water for the body of one-year-old Zara. She'd been swept away by flash floods; the bodies of her parents and three siblings had already been found days earlier.
‘Plain old dull’: NZU market continues to limp sideways
24 Oct 2025
By Liz Kivi | The NZU market has been “plain old dull” in recent months, with activity driven mainly by credit opportunities or a specific need to raise cash, according to Lizzie Chambers of trading platform Carbon Match.
Scrutiny on energy security
Today 11:00am
A special debate in Parliament put the Government’s energy security agenda under scrutiny, with parties splitting sharply over the role of gas, the place of an LNG import terminal, and how far to push market reform to ease pressure on power bills.
'Little to be hopeful about' – NZ scientists caution ahead of COP30
Fri 31 Oct 2025
By Shannon Morris-Williams | Record heat, worsening climate impacts and global backsliding on emission reduction commitments have left some New Zealand climate experts with little optimism as COP30 approaches.
$235 billion worth of NZ buildings exposed to flooding
Thu 30 Oct 2025
More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.
No high-level US representatives will go to UN climate talks, Trump officials say
Today 11:00am
Decision to stay away from Cop30 meeting in Brazil underscores administration’s hostility to climate action.
All carrot, no stick for farmers on methane
17 Oct 2025
By Pattrick Smellie | COMMENT: The abandonment of methane emissions pricing and the adoption of a weaker target is effectively the last nail in the coffin of the historic cross-parliamentary consensus embedded in the Zero Carbon Act 2019.
Lake Onslow battery project set for revival?
Wed 29 Oct 2025
A newly formed private consortium has emerged with plans to finance and build the massive Lake Onslow pumped-hydro project, despite the coalition government’s decision to abandon the scheme.
From nuisance to crisis: New report on pest wasps In Aotearoa
24 Sep 2025
Media release: Moths and Butterflies NZ Trust | Just published is the Final Report of the Pest Wasps Survey carried out by the Moths and Butterflies of NZ Trust (MBNZT) offering a comprehensive look at New Zealanders’ awareness, experiences, and attitudes toward wasps and the growing ecological, health, and social issues associated with them.
Hawke’s Bay Regional Council welcomes new flood data
Today 11:00am
Media release | Hawke’s Bay Regional Council welcomes the release of the National Flood Tool and accompanying data by Earth Sciences New Zealand. This is an important contribution to understanding the impacts of climate change for New Zealand.
NZ marine heatwaves could double in intensity under high-emissions pathway
16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
Taxonomy seen as key to shaping NZ’s voluntary nature credit market
Thu 30 Oct 2025
By Shannon Morris-Williams | Experts say aligning the New Zealand Sustainable Finance Taxonomy with the development of voluntary nature credit markets could strengthen credibility, streamline investment, and support high-integrity environmental outcomes.
Media round-up
Fri 31 Oct 2025
In our round-up of climate coverage in local media: A controversial seabed mining project could lead to sediment flows knocking over rigs and damaging wind turbines; weather-related insurance claims climb; and is the government playing Russian Roulette with our future over methane targets?
RMA to speed up fossil fuel consents
18 Aug 2025
By Liz Kivi | An energy lobby group has welcomed a last-minute amendment to the RMA that puts fossil fuels on the same footing as renewables, however a sustainable energy expert says the move “beggars belief.”
Developing countries will need US$310 billion annually for climate adaptation by 2035
Fri 31 Oct 2025
Media release - UN Environment Programme: Slow climate adaptation is threatening lives and economies.
No major banks have yet committed to stop funding new oil, gas and coal, research finds
24 Oct 2025
‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers.
Look out for these 8 big ag greenwashing terms at COP30
Tue 28 Oct 2025
Food and farming companies will claim agriculture is the solution to the climate crisis at the Brazil summit — even though food drives a third of global warming.
Coal imports up 650%
12 Sep 2025
By Shannon Morris-Williams and Liz Kivi | Coal imports are up 650% as generators stockpile the most polluting fossil fuel ahead of next winter.
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.
Vero warns losses to rise 26% by 2050 over extreme weather
Wed 29 Oct 2025
By Shannon Morris-Williams | Extreme weather could drive a 19–26% spike in annual insurance losses by 2050, fuelled by rising seas and more intense flooding, according to Vero’s latest Climate-Related Disclosures Report.
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.
Judge says Greenpeace must pay $345 million in pipeline lawsuit, cutting jury amount nearly in half
Fri 31 Oct 2025
A North Dakota judge has ordered Greenpeace to pay damages of $345 million, reducing an earlier jury award after it found the environmental group and related entities liable for defamation and other claims in connection with protests of an oil pipeline nearly a decade ago.
Nelson commuters urged to ditch car once a week
22 Oct 2025
By Max Frethey, Local Democracy Reporter | Nelson has a bold carbon emission reduction target and residents are being encouraged to leave the car at home one day a week to help meet it.
Global oil demand won't peak until 2032, Wood Mackenzie report says
Fri 31 Oct 2025
“Global oil demand will not peak until 2032, two years later than earlier thought, consultancy Wood Mackenzie said in a report on Wednesday that blames continued momentum in the use of hydrocarbons for transport and petrochemicals.”
Govt ‘captured by industry’ on methane – Carr
21 Oct 2025
By Liz Kivi | Former Climate Change Commission chair Rod Carr says that recent moves to weaken methane targets and halt plans for agricultural emissions pricing show the Government has been captured by industry.
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.
Climate impacts hit NZ with increasing wild weather
23 Oct 2025
By Liz Kivi | New Zealand is facing a triple whammy of climate impacts today, with severe winds and rainfall predicted for much of the country while some areas are still dealing with wildfires ignited earlier in the week.
Ardern: 'We must not give up on 1.5'
Fri 31 Oct 2025
By Shannon Morris-Williams | Former prime minister Dame Jacinda Ardern says the world must not abandon the Paris Agreement’s 1.5°C goal, warning that a decade on from COP21 “too many of the debates we thought were settled are still being had.”
Carbon Finance Program upscales efforts to close climate investment gap in climate vulnerable nations
22 Oct 2025
Media release | The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) will work with the Voluntary Carbon Markets Integrity Initiative (VCMI) to upscale the Carbon Finance Program in reach and impact, supporting more climate-vulnerable countries to host high-integrity carbon projects that yield tangible climate, nature, and sustainable development benefits.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Experts warn new science curriculum sidelines climate urgency
Today 11:00am
Climate change education has been pushed too late and too lightly in the Government’s draft science curriculum, experts say, with students not formally learning about climate change until Year 10.
Judge dismisses suit by young climate activists against Trump’s pro-fossil fuel policies
17 Oct 2025
Plaintiffs had ‘overwhelming evidence’ of climate crisis but a court injunction would be ‘unworkable’, ruling says.
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.
The Yangtze River is becoming the world’s largest electrified trade corridor
Thu 30 Oct 2025
The Gezhouba, a new 13,000-ton all-electric bulk carrier launched in Yichang, is more than a technical milestone. It is a sign that the electrification of inland shipping is moving from concept to inevitability.
AgriZero backs Aussie IVF innovator
Today 11:00am
By Pattrick Smellie | The NZ government-led low carbon agriculture consortium AgriZero has invested A$1.5 million (NZ$1.7m) in a Queensland-based start-up looking to bring down the cost of inserting fertilised embryos into livestock.
Solar households to get little-noticed tax break
23 Sep 2025
A provision in the government’s latest tax bill would exempt households from paying tax on income they earn by selling excess electricity back to the grid.
Climate scientists and republican lawyers are taking aim at Big Tech’s emissions
17 Oct 2025
Technology companies have long been one of the biggest investors in clean energy, but new accounting rules could upend that.
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.
How ‘vehicle-to-grid’ technology could boost China’s electricity system
Fri 31 Oct 2025
China’s surging electric vehicles ownership – now exceeding 25.5m – is opening the door to a new technology that can help to enhance the flexibility of electricity supply.
Fix it, don't ditch it: University of Auckland hosts first Repair Cafe
9 Oct 2025
Media release - Auckland University | The University's first-ever Repair Cafe is bringing students and staff together to give broken items a new lease on life, while promoting a culture of repair and reuse.
Council buys dairy farm to help clean up Lake Rotorua
21 Oct 2025
Bay of Plenty Regional Council has bought a 266-hectare dairy farm in the Lake Rotorua catchment and plans to retire it from production to reduce nitrogen entering the lake.
Adaptation plan at odds with public sentiment: survey
21 Oct 2025
By Liz Kivi | The Government’s position on climate adaptation buyouts shows a disconnect with public opinion, according to survey findings from insurer Suncorp NZ.
‘Damp squib’ – Govt energy plan slammed for locking in fossil fuels
2 Oct 2025
By Shannon Morris-Williams | Critics across business, climate groups and the opposition say the Government’s electricity reforms duck structural change, double down on LNG and gas, and offer little relief for soaring power prices – warning of an “expensive white elephant", deeper energy poverty and a missed chance to scale renewables.
