Topics tagged with 'Carbon Credits'
Ministry won’t investigate pre-announcement price drop
Mon 17 Nov 2025
By Liz Kivi | The Ministry for the Environment won’t be investigating a drop in the price of NZUs on the secondary market just days before the government announced a policy change causing carbon prices to plummet.
ETS price spike fears drove NDC decoupling
Thu 13 Nov 2025
By Pattrick Smellie | Fears about the economic and fiscal costs of failure to buy enough offshore carbon credits to meet New Zealand’s Nationally Determined Contribution drove last week’s key climate change policy decision.
NZ backs international government push for high-integrity carbon markets
Thu 13 Nov 2025
By Shannon Morris-Williams | New Zealand has joined a coalition of governments aiming to strengthen corporate demand for voluntary carbon credits.
Carbon price’s dead cat bounce
Wed 12 Nov 2025
By Liz Kivi | The carbon price rebounded briefly in what looked like a ‘dead cat bounce’ last week, following the Government’s announcement it was unlinking the Emissions Trading Scheme from international climate targets.
Does NZ's 2035 NDC meet Paris Agreement obligations?
7 Nov 2025
By Christina Hood | COMMENT: New Zealand’s 2035 Paris Agreement Target needs strengthening, with multiple reasons the 51 to 55% emissions reduction target does not meet our obligations under the accord.
Carbon market tanks off the back of Govt’s proposed climate law changes
6 Nov 2025
By Liz Kivi | Secondary market prices dropped 20% in early morning compliance carbon trading yesterday, as the market woke up to Tuesday’s late-breaking government announcement of proposed law changes to climate policy.
Govt climate policy set by vested interests to delay emissions cuts - Carr
6 Nov 2025
By Liz Kivi | Rod Carr, former Climate Change Commission chair, says the Government’s move to unlink the Emissions Trading Scheme from our international climate target to 2030 undermines the credibility of emissions pricing as a tool for climate action – and is yet another Coalition Government policy designed to benefit vested interests rather than ordinary New Zealanders.
Govt weakens climate legislation, strips CCC’s powers
5 Nov 2025
By Liz Kivi | The Government has announced sweeping changes to key climate legislation, including stripping the independent Climate Change Commission of one of its core roles, and removing the requirement that Emissions Trading Scheme settings align with international climate targets.
Another hit to market as Govt uncouples ETS from international climate target
5 Nov 2025
By Liz Kivi | The Government’s surprise move to break the connection between the Emissions Trading Scheme and New Zealand’s Paris Agreement climate target is a brutal hit to confidence in an already moribund market.
Govt delays will damage carbon market confidence, experts warn
4 Nov 2025
By Liz Kivi | Emissions Trading Scheme experts have warned the Government that its move to delay decisions on the country’s emissions budgets will further undermine confidence in an already weak carbon market.
Carbon price drops, now trading 30% below auction floor
3 Nov 2025
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
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.
Media round-up
Fri 14 Nov 2025
In our round-up of climate coverage in local media: Simon Watts acknowledges he may face ‘challenging’ conversations with Pacific nations at COP30, New Zealand's climbdown on its methane emissions target is "embarrassing", and corporates are the real winners of the gutting of the Zero Carbon Act this week.
South Korean growers sue state power utility, blaming climate change for crop damage
Mon 17 Nov 2025
Five South Korean farmers recently sued the state utility Korea Electric Power Corporation and its power-generating subsidiaries, alleging that their reliance on coal and other fossil fuels has accelerated climate change and damaged their crops.
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.
NZ’s shameful new role as ‘international climate pariah’
Thu 13 Nov 2025
OPINION: New Zealand has ratcheted up its climate backsliding in the past month – losing any shred of climate credibility we once had and showing the world we’re giving up on a net zero future, writes Kayla Kingdon-Bebb.
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.
Fossil fuel lobbyists outnumber all COP30 delegations except Brazil, report says
Mon 17 Nov 2025
One in every 25 participants at 2025 UN climate summit is a fossil fuel lobbyist, according to Kick Big Polluters Out.
Ministry won’t investigate pre-announcement price drop
Mon 17 Nov 2025
By Liz Kivi | The Ministry for the Environment won’t be investigating a drop in the price of NZUs on the secondary market just days before the government announced a policy change causing carbon prices to plummet.
Act-NZ First split over future of the energy sector
Fri 14 Nov 2025
Act leader David Seymour has set out an energy policy platform that diverges sharply from coalition partner NZ First, arguing New Zealand must accept coal-fired backup generation, consider nuclear power, remove political interference from the electricity sector and sell down the government’s majority stakes in the gentailers.
'Little to be hopeful about' – NZ scientists caution ahead of COP30
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
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.
A fossil fuel fight brews at COP30 as delegates draft road map
Mon 17 Nov 2025
Brazil’s President Luiz Inácio Lula da Silva surprised many at the opening ceremony of the COP30 leaders summit in Belém last week when he called for world leaders to prepare a road map to “overcome dependence on fossil fuels.”
ETS price spike fears drove NDC decoupling
Thu 13 Nov 2025
By Pattrick Smellie | Fears about the economic and fiscal costs of failure to buy enough offshore carbon credits to meet New Zealand’s Nationally Determined Contribution drove last week’s key climate change policy decision.
Clean energy could become a huge political winner
Wed 12 Nov 2025
Rising power bills quietly shaped this year’s races – and gave Democrats a new attack line on climate.
DOC trims costs and winds down jobs for nature
10 Nov 2025
The Department of Conservation (DOC) is entering a new phase of tighter budgets and structural change as it winds down the pandemic-era Jobs for Nature programme and reshapes its operations to absorb long-term cost pressures.
Rural Wairarapa communities on climate change frontline
Mon 17 Nov 2025
By Sue Teodoro, Local Democracy Reporter | Droughts, long hot days, more pests and invasive plants and increasingly severe weather are all risks faced by the Wairarapa rural community, leaders heard this week.
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.
Foresters warn ETS reforms could fell innovation
Mon 17 Nov 2025
By Shannon Morris-Williams | Elizabeth Heeg, chief executive officer for the Forest Owners Association, says forestry must not be stripped from the Emissions Trading Scheme, arguing that carbon income underpins forest management and rural resilience.
Govt gas expansion 'climate vandalism' – Greens
7 Nov 2025
By Shannon Morris-Williams | The Green Party has labelled the Government’s move to broaden the scope of its $200 million fossil gas investment fund as vandalism, accusing Prime Minister Christopher Luxon of breaking trust with New Zealanders.
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.”
Oxfam urges NZ to renew climate funding as Pacific projects face closure
Wed 12 Nov 2025
By Shannon Morris-Williams | Oxfam Aotearoa is calling on the Government to urgently renew New Zealand’s climate finance commitments, warning that vital projects supporting Pacific communities’ resilience are running out of funding.
Building resilient cities in a time of climate change
Thu 13 Nov 2025
Media release: Otago University | Local and international experts are meeting in Wellington this month to share their knowledge on creating healthier, more resilient cities in the face of the challenges posed by climate change.
TotalEnergies loses in Paris court, marking a turning point for fossil fuel truth-in-advertising
5 Nov 2025
TotalEnergies was found to have misled consumers about its role in the energy transition.
Lake Onslow battery project set for revival?
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.
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.
Media round-up
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?
Why I’m not outraged at the Govt’s latest climate backsliding
7 Nov 2025
COMMENT: The Government’s latest climate rollbacks underline New Zealand’s long history of a lack of genuine desire to cut emissions, writes Geoff Bertram.
Z Energy settles greenwashing case over ‘quitting petrol’ claims
4 Nov 2025
By Shannon Morris-Williams | Z Energy has settled a landmark greenwashing case over claims it misled the public about moving away from petrol – a result Lawyers for Climate Action NZ says delivers long-overdue accountability.
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.
Supermarket fast-track a ‘cynical ploy’, risks climate and environmental protections
5 Nov 2025
By Shannon Morris-Williams | The Government’s “express lane for supermarkets” announcement has been met with fierce backlash, with critics calling the Fast-track Approvals Amendment Bill a Trojan horse that strips environmental protections, sidelines communities, and hands sweeping powers to ministers at the expense of democracy.
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.
A crucial system of ocean currents may be on course to collapse. This country just declared it a national security threat
Mon 17 Nov 2025
As evidence mounts these currents could be on course for collapse, Iceland’s government has made the unusual move of designating the risk a national security threat.
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.
Coastal roads in the climate spotlight
Fri 14 Nov 2025
By Sue Teodoro, Local Democracy Reporter | Vulnerable coastal roads across New Zealand, including in Masterton district, are coming under the spotlight as the Government works on a plan to address the cost of climate-related damage.
Protesters and UN security clash at climate summit in Brazil
Thu 13 Nov 2025
Activist groups and United Nations security clashed in chaotic scenes late Tuesday after protesters appeared to force their way into the COP30 climate conference venue, in the most serious act of unrest seen in years inside one of the annual gatherings.
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.
Scotland's first wind farm 'supercharged' after upgrade
11 Nov 2025
Scotland's first commercial wind farm will be able to deliver five times more clean power than before after being upgraded.
New national dataset to unlock blue carbon potential in NZ’s coastal wetlands
Wed 12 Nov 2025
By Shannon Morris-Williams | The Ministry for the Environment and the Nature Conservancy have collaborated on a dataset to inform a framework to potentially include coastal wetlands into compliance and voluntary carbon credit schemes.
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.
AgriZero backs first nitrous oxide solution with $1.2m investment
6 Nov 2025
By Shannon Morris-Williams | A Kiwi ag-tech start-up developing a device for cows to wear to drastically cut nitrous oxide emissions has secured $1.2 million in government-industry funding.
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.
EV and hybrid sales soar in Australia as internal combustion cars fall below 70% market share for first time
Thu 13 Nov 2025
Data from peak motoring body shows battery-electric vehicles accounted for 9.7% of new cars sold in September quarter, the highest proportion on record.
EU’s new climate target lines up multibillion dollar boost for carbon markets
10 Nov 2025
Analysts estimate the EU will buy at least 50 billion euros worth of carbon credits in the 2030s to help meet its emissions-cutting goals.
Kaicycle celebrates ten years of collective climate action in Pōneke
Fri 14 Nov 2025
Media release: Kaicycle | Since 2015, Kaicycle has grown from a humble pilot project growing kai and collecting compost on bicycles into the thriving urban farm and composting hub that Wellingtonians know and love.
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.
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.
We have more renewable energy than ever before. Why are we switching it off?
11 Nov 2025
Experts say until more storage is installed to soak up the waves of renewable energy flooding the grid, much of that power will occasionally have to be curtailed.
