Topics tagged with 'Carbon Credits'
Carbon trading schemes cut more emissions than carbon taxes, according to global study
Fri 20 Mar 2026
By Shannon Morris-Williams | Carbon trading schemes are more effective than carbon taxes at reducing emissions, cutting fossil fuel use, and accelerating the shift to renewable energy, a global study has found.
MfE forecasts suggest diminishing NZU stockpile
Thu 19 Mar 2026
By Clive Bradbury | ANALYSIS: The Ministry for the Environment has updated its NZ ETS forecasts of emissions, removals and entitlements from the Crown's financial forecasting, with predictions pointing to a significant drop in the ‘stockpile’ this year.
Close questioning over ‘ministerial latitude’ at climate hearing
Tue 17 Mar 2026
By Pattrick Smellie | Lawyers challenging the legality of the government’s emissions reduction plans faced close questioning on the limits of ministerial foresight in the first of three days of hearings at the Wellington High Court yesterday.
Govt challenged in the High Court over climate plans
Mon 16 Mar 2026
A landmark case starts today that will see Climate Change Minister Simon Watts taken to the High Court over claims the Government’s climate plans are unlawful.
Rod Carr is ‘over’ climate change defeatism
13 Mar 2026
By Pattrick Smellie | If there’s one thing former Climate Change Commission chair Rod Carr is “over”, it’s people saying there’s nothing they can personally do to address climate change.
Kenya’s latest carbon credit crackdown reveals questionable practices
11 Mar 2026
Some players use sophisticated tactics to inflate the value of credits that may not represent genuine, permanent emissions reductions.
Unusual scarcity drives early 2026 NZU rally
5 Mar 2026
By Pattrick Smellie | The New Zealand carbon price has recovered since its late 2025 collapse, although the rally is driven by scarcity rather than confidence in market settings.
Bidders no-show at carbon auction – again
3 Mar 2026
By Liz Kivi | As predicted, today’s carbon auction yet again failed to attract any bidders, with NZUs currently trading hands on the secondary market at a 35% discount on this year’s auction floor price.
Carbon auction set to be another non-event
2 Mar 2026
By Liz Kivi | Tomorrow’s Emissions Trading Scheme auction – the first for 2026 – is set to be a non-event, with secondary market prices more than $25 below this year’s $71 auction floor price.
New study looks to nature markets to accelerate climate response
18 Feb 2026
The Nature Conservancy is teaming up with local groups to study the most affordable and effective ways of restoring native habitats at the top of the South Island, including ways to fund the work using international voluntary carbon markets and biodiversity credits.
Carbon price drops as volatility continues
17 Feb 2026
By Liz Kivi | The carbon market is still displaying extreme volatility, with prices dropping back to below $40 yesterday, after trading as high as $46.25 last week.
Carbon market rallies but auction floor still out of reach
13 Feb 2026
By Liz Kivi | The carbon market has rallied, with secondary market prices up more than 25% in the past two weeks, although current prices in the mid-$40s are still far below this year’s $71 auction floor, with the first auction of 2026 less than three weeks away.
EU weighing options to support industry in carbon market overhaul
9 Feb 2026
The European Commission is looking at various ways to support industries in an upcoming overhaul of the EU carbon market to prevent them moving to areas with lower pollution standards, the head of the Commission’s climate department said late on Wednesday.
Minister’s letters: Mildly positive or just virtue signalling?
5 Feb 2026
By Liz Kivi | The carbon market was buoyed slightly yesterday, after letters between the Government and the Climate Change Commission were proactively released.
Govt updates emissions plan to blow past legislated target
29 Jan 2026
By Liz Kivi | The Government has updated its emissions reduction plan, with agricultural emissions now set to blow past the legislated 2030 target.
Court rejects challenge to Minister and Commission over climate targets
28 Jan 2026
By Liz Kivi | The Supreme Court has rejected Lawyers for Climate Action’s bid to challenge the Climate Change Commission and former Climate Minister James Shaw over climate targets, ending a long-running case which had been working its way through the courts since 2021.
Carbon News updates ten-year NZU forward curve
27 Jan 2026
Carbon News has updated its ten-year NZU forward curve, following a recent fall in carbon spot prices.
Why did NZUs fall a further $5 over the holiday period?
26 Jan 2026
By Liz Kivi | NZU prices dropped a further $5, or 14%, from an already weak base over the holiday period, with the carbon price falling to its lowest in five years in mid-January.
How wrong they were: NZU-holder poll
26 Jan 2026
By Pattrick Smellie | Just 6% of NZU-holders who answered a Ministry for the Environment poll last year anticipated a decrease in the price of a tonne of carbon in the NZ Emissions Trading Scheme.
Climate law change spanner in the works for Waitangi Tribunal Inquiry
19 Dec 2025
By Liz Kivi | The Government’s controversial changes to New Zealand’s legal framework for climate policy have thrown a spanner in the works for a long-running Waitangi Tribunal Inquiry into climate change.
State-owned farmer drives profit growth with emissions reductions
19 Dec 2025
By Pattrick Smellie | Government-owned Landcorp, trading as Pāmu, is one-third of the way to meeting its 2031 emissions reduction targets, with five years left to run to cut greenhouse gas emissions by 30.3% against 2021 emissions.
Govt unveils plans for carbon storage regulations – and ETS rewards
18 Dec 2025
By Liz Kivi | The Government has released plans to regulate carbon capture and storage in natural geological formations, which include Emissions Trading Scheme incentives, with the aim of introducing related legislation in 2026.
Minister not concerned about potential economic impacts of ruling out offshore mitigation
11 Dec 2025
By Liz Kivi | Climate Change Minister Simon Watts isn’t worried that ruling out using offshore mitigation is effectively reneging from the Paris Agreement with potential to damage New Zealand’s economy and access to export markets.
Govt rushes to pass climate law changes under urgency
10 Dec 2025
By Liz Kivi | Legislation to amend the Climate Change Response Act was introduced to Parliament on Monday, and the government intends to rush the changes through under urgency in the next two weeks, avoiding the usual public consultation.
Carbon News publishes ten-year NZU forward curve
10 Dec 2025
Carbon News has published a new ten-year NZU forward curve mapping how carbon prices could evolve through to 2035 under a range of policy and market conditions.
Carbon market conduct pioneer passes on the baton
8 Dec 2025
Media release | The International Carbon Reduction and Offsetting Alliance (ICROA), a pioneer in early voluntary carbon market conduct, has announced that it will wind down operations by late 2026.
Govt ‘scaremongering’ over co-operation – former climate ambassador
5 Dec 2025
By Liz Kivi | New Zealand’s former top climate diplomat, Kay Harrison, says the Government’s recent comments ruling out buying climate mitigation offshore amount to scaremongering, and the country is missing a chance to give our businesses a boost.
UPDATED: Finance Minister’s comments show govt in breach of Paris Agreement – experts
3 Dec 2025
By Liz Kivi | Finance Minister Nicola Willis has effectively walked away from the Paris Agreement by ruling out offshore mitigation, according to multiple experts, opening the country up to reputational, trade, and economic consequences.
Climate comments ‘outrageous’ – former top climate negotiator
3 Dec 2025
By Liz Kivi | New Zealand’s former climate ambassador, Kay Harrison, says Finance Minister Nicola Willis’ recent statements that the Government had ruled out buying offshore climate mitigation are “outrageous”.
Carbon auction tipped to be a non-event
2 Dec 2025
By Liz Kivi | Tomorrow’s Emissions Trading Scheme auction is all but certain to fail, with participants blaming the government for destroying confidence as NZUs continue to change hands on the secondary market at a 40% discount on the $68 auction floor.
Rabobank announces new partnership to generate carbon income for rural customers
1 Dec 2025
Dutch multinational Rabobank has announced it is partnering with a company which specialises in restoring indigenous forests in a bid to generate voluntary carbon credits for farmers through planting on lower-producing farmland.
Too much credit: No connection between carbon markets and climate ambition, study finds
1 Dec 2025
Media release: Carbon Market Watch | Our latest research undermines a prevalent greenwishing hypothesis that corporate investments in the voluntary carbon market boost or reflect a company’s climate ambition.
Marex invests in methane-busting biotech, hopes to kickstart NZ methane credits
27 Nov 2025
By Liz Kivi | NASDAQ-listed financial services group Marex has taken a minority stake in Ruminant Biotech, an Auckland-based agritech startup, with a view to kick-starting Marex’s methane-based carbon credits trading business in New Zealand.
Elevated volatility continues for carbon market despite govt reassurances
26 Nov 2025
By Liz Kivi | While carbon prices have recovered somewhat from recent lows, the market is still plagued by low prices and volatility, despite soothing words from the government intended to calm rattled participants.
Govt’s rejection of CCC’s advice on climate targets undermines independent watchdog’s role, says opposition
21 Nov 2025
By Liz Kivi | The Government’s latest dismissal of Climate Change Commission advice shows they have their heads in the sand about the reality of meeting climate targets, according to the Labour Party, while the Greens say Government decisions were an embarrassment on the world stage at COP30 this week.
Mounting emissions due to Government decisions
20 Nov 2025
By Liz Kivi | The Coalition Government’s climate policies have added a whopping 26 million tonnes of emissions out to 2030, according to new analysis of Government projections.
Words fail to calm carbon price jitters
18 Nov 2025
While the Climate Change Minister and the Ministry for the Environment have both tried to quell carbon market volatility with soothing words, participants are viewing government actions as speaking louder, and the market remains volatile.
Ministry won’t investigate pre-announcement price drop
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
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
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
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.
Iran oil crisis: why NZ’s car dependence is now a strategic liability
Wed 18 Mar 2026
By Timothy Welch, University of Auckland, Waipapa Taumata Rau | The war in Iran and the effective closure of the Strait of Hormuz have sent oil prices past US$100 a barrel – and Kiwis flocking to fill up. Petrol just hit NZ$3 a litre and some stations have reported running dry.
How the meat industry is quietly keeping its emissions off the climate agenda
Tue 17 Mar 2026
Meat and dairy giants have been accused of halting climate progress by cosying up to policymakers to justify the soaring growth of animal agriculture.
$30m airline fund risks ‘burning public money’ without lasting benefit – expert
Fri 20 Mar 2026
By Shannon Morris-Williams | A $30 million government package to support regional air routes risks delivering poor value for money while increasing emissions, according to transport strategist Tim Adriaansen.
Auckland Airport switches on giant heat pump system to cut gas use
6 Mar 2026
By Shannon Morris-Williams | While Auckland Airport’s switch from gas to heat pumps is welcome, the emissions savings are dwarfed by ongoing aircraft emissions, which are set to rise, according to a sustainable transport expert.
NZ urged to grab a slice of burgeoning $35 billion market for nature credits
13 Mar 2026
By Shannon Morris-Williams | New Zealand could unlock strong domestic and international demand for high-integrity nature-based credits, if government, investors and restoration groups work together to scale supply, a new report says.
Air NZ joins Marsden Point SAF project
3 Mar 2026
By Pattrick Smellie | Air New Zealand has quietly added its name to a consortium exploring the viability of green hydrogen production for sustainable aviation fuel at Channel Infrastructure’s Marsden Point energy hub.
Middle East war: Why tit-for-tat attacks on gasfields are a major escalation
Fri 20 Mar 2026
The strikes on so-called upstream gas production facilities by both sides of the Middle East war mark a significant escalation and could have long-term consequences.
Carbon trading schemes cut more emissions than carbon taxes, according to global study
Fri 20 Mar 2026
By Shannon Morris-Williams | Carbon trading schemes are more effective than carbon taxes at reducing emissions, cutting fossil fuel use, and accelerating the shift to renewable energy, a global study has found.
Asia pivots to coal as Middle East conflict chokes LNG supply
Thu 19 Mar 2026
Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the U.S.-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand.
Hormuz crisis critical to New Zealand
10 Mar 2026
By Nathan Surendran | COMMENT: Why the Hormuz crisis is a symptom, not the disease – and what it means for New Zealand.
Sustainable retail-office project breaks ground under new Green Star framework
19 Feb 2026
Construction is set to begin on a new retail-office development in central Auckland, which is targeting a 40% reduction in embodied carbon and 25% lower energy.
Opposition attacks Govt over fossil fuel phaseout backdown
2 Feb 2026
By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.
MfE forecasts suggest diminishing NZU stockpile
Thu 19 Mar 2026
By Clive Bradbury | ANALYSIS: The Ministry for the Environment has updated its NZ ETS forecasts of emissions, removals and entitlements from the Crown's financial forecasting, with predictions pointing to a significant drop in the ‘stockpile’ this year.
Can oil crisis lead to the economic transformation we desperately need?
Fri 20 Mar 2026
COMMENT: The latest crisis has all the ingredients for the “wake-up call” we need to transform our economy to one fit for the future. But we thought that about COVID as well, writes Catherine Knight.
Environmental groups call for ETS reform
20 Feb 2026
Several environmental organisations are calling on political parties to make climate and biodiversity central to the 2026 election campaign, with reforming the Emissions Trading Scheme seen as a key priority.
Media round-up
Fri 20 Mar 2026
In our round-up of climate coverage in local media: Crown lawyers agree High Court could quash emissions plan if found unlawful; NZ is locked in 'disaster inertia'; and climate change is notably absent from new development laws.
Transport dominates NZ’s rising consumer emissions
10 Dec 2025
By Shannon Morris-Williams | Transport pollution was the biggest contributor to an increase in New Zealand’s consumption-based emissions in 2023, with emissions from household travel up 12%, and consumption-based emissions totalling 58.3 million tonnes – up 1.6% from the previous year.
Close questioning over ‘ministerial latitude’ at climate hearing
Tue 17 Mar 2026
By Pattrick Smellie | Lawyers challenging the legality of the government’s emissions reduction plans faced close questioning on the limits of ministerial foresight in the first of three days of hearings at the Wellington High Court yesterday.
LNG sold as insurance, but modelling points to a bigger role
Thu 19 Mar 2026
New Zealand’s gas market is heading for a sharp contraction whether the country sticks with domestic supply alone or introduces liquefied natural gas imports.
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.”
Gaps in adaptation taxonomies hinder climate finance in Asia: report
5 Mar 2026
Without clearer criteria and metrics in adaptation taxonomies, Asia risks widening its climate financing gap, warns a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Russia gets export boost from Iran war as price of oil to India surges
10 Mar 2026
The war in Iran has fuelled a significant bump in demand for Russian oil and gas, the Kremlin said on Friday, boosting exports which have been battered by sanctions linked to Russia's war in Ukraine.
Five trees can’t offset a car: Lawyers accuse Mazda of greenwashing
9 Mar 2026
By Shannon Morris-Williams | Lawyers for Climate Action NZ is taking Mazda to the Advertising Standards Authority over its claims that a tree-planting programme will offset vehicle emissions.
Govt missing opportunity to slash electricity prices, says expert
11 Feb 2026
By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.
Japan eyes New Zealand as green hydrogen export hub
12 Mar 2026
By Shannon Morris-Williams | A new partnership between major Japanese companies aims to explore exporting green hydrogen from New Zealand – but the economics of producing the energy-hungry fuel remain the biggest hurdle.
Wales council to buy and demolish homes prone to flooding
4 Feb 2026
A row of homes in a village in south Wales is to be bought by a local authority and demolished as they can no longer be protected from flooding caused by the climate crisis.
Climate law change spanner in the works for Waitangi Tribunal Inquiry
19 Dec 2025
By Liz Kivi | The Government’s controversial changes to New Zealand’s legal framework for climate policy have thrown a spanner in the works for a long-running Waitangi Tribunal Inquiry into climate change.
Govt process to change climate plan ‘fundamentally flawed’, says judge
Wed 18 Mar 2026
By Pattrick Smellie | The government’s 2024 changes to New Zealand’s first Emissions Reduction Plan was “as fundamentally flawed a process as I think I have ever seen”, the judge presiding in a case challenging climate change decision-making has said.
Climate 'dream team' launches foundation targeting 100 million tonnes in emissions cuts
25 Feb 2026
By Shannon Morris-Williams | The New Zealand Climate Foundation, which has the ambitious aim of cutting 100 million tonnes of greenhouse gas emissions by 2035, had its official launch on Monday.
Expert Panel invites EDS to comment on Bendigo goldmine
13 Mar 2026
Media release | The Environmental Defence Society has been invited to provide comment on the Bendigo-Ophir gold mine by the expert Panel tasked with deciding the fast-track project.
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.
Tiny, lost and constipated: what a baby turtle told Australian scientists about warming seas
6 Mar 2026
The arrival of loggerheads in New South Wales shows these ‘sentinels of climate change’ are being forced into unknown territory.
Govt challenged in the High Court over climate plans
Mon 16 Mar 2026
A landmark case starts today that will see Climate Change Minister Simon Watts taken to the High Court over claims the Government’s climate plans are unlawful.
Kiwis overly optimistic about state of environment
27 Feb 2026
By Shannon Morris-Williams | New research suggests many New Zealanders believe the environment is in better shape than it really is, with public perceptions often out of step with scientific evidence.
‘They pushed so many lies about recycling’: the fight to stop big oil pumping billions more into plastics
24 Feb 2026
Plastic production has doubled over the last 20 years – and will likely double again. For author Beth Gardiner, metal water bottles and canvas tote bags are not the solution. So what is?
Traffic silently killing Aucklanders
Fri 20 Mar 2026
Media release: University of Auckland | Pollution from cars in Auckland is killing around 700 people a year and hospitalising 4,000 more, with health researchers calling for policy changes.
Media round-up
20 Feb 2026
In our round-up of climate coverage in local media: 'Every tonne matters': The climate scientist who wants to give you hope; Minister says managed retreat is an option; and climate change is here – is New Zealand ready?
China has a new competitor? Kazakhstan reveals huge rare Earth deposit that could power the next tech boom
25 Feb 2026
China’s grip on rare earths might finally see some competition, and the world is already taking notice.
Fossil fuels? No thanks. Why Trump’s Iran war is pushing EU toward renewables.
Fri 20 Mar 2026
EU countries may argue about the short-term fixes for high energy prices, but agree that clean power is the best long-term bet.
US National Academies of Sciences says no to demands it remove climate info
Wed 18 Mar 2026
State attorneys general won't get climate chapter removed from a legal manual.
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.
Claims that AI can help fix climate dismissed as greenwashing
18 Feb 2026
Tech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report.
Pacific climate response in question as NZ finance remains unclear
19 Dec 2025
By Shannon Morris-Williams | With New Zealand's $1.3 billion international climate finance commitment set to end with no clarity on what follows, the Auditor-General says oversight of that funding remains patchy and long-term outcomes are unclear.
EVs could cut fossil fuel dependence – but is our grid ready?
Thu 19 Mar 2026
Media release: University of Auckland | Fuel market volatility is highlighting the risks of New Zealand’s dependence on imported fossil fuels and the need to accelerate EV‑ready infrastructure, says Professor Nirmal Nair.
Summit aims to revive stalled UN talks on phasing out fossil fuels
11 Mar 2026
Colombia and the Netherlands have set out three priorities for a conference on phasing out fossil fuels they will co-host in Colombia in April.
Infrastructure plan calls for ‘predictable approach’ to electrifying economy
18 Feb 2026
Aotearoa’s first National Infrastructure Plan, introduced to Parliament yesterday, calls for "a predictable approach to electrifying the economy" as one of ten priorities for the next decade.
Global coastal sea-level risks may be underestimated, say scientists
5 Mar 2026
By Shannon Morris-Williams | Coastal communities across the Pacific and Southeast Asia could be facing greater sea-level rise risks than previously estimated, researchers say.
Study finds warming world increases days when weather is prone to fires around the globe
20 Feb 2026
The number of days when the weather gets hot, dry and windy — ideal to spark extreme wildfires — has nearly tripled in the past 45 years across the globe, with the trend increasing even higher in the Americas, a new study shows.
Western Australian communities want mandatory payments from new renewable developments
6 Mar 2026
The West Australian government wants to make new wind and solar farms pay into community funds, but host towns say more work needs to be done to make sure the payments actually happen.
