Topics tagged with 'Carbon Credits'
First credits sold under Queensland's carbon scheme
22 Sep 2021
A central Queensland couple has become the first to sell carbon credits under the state government's Land Restoration Fund (LRF).
NZU stockpile grows
20 Sep 2021
The NZU stockpile has grown from 134.5 million in March to 138.4 million at the end of June, according to figures just released by the Environmental Protection Authority.
Price of carbon drives new forestry fund
13 Sep 2021
A new fund to finance the planting of pines trees on marginal agricultural land has been launched today.
Is the price of carbon beginning to bite?
9 Sep 2021
For years critics of the ETS said the price of NZUs were too low to make a difference. With NZUs smashing through the $65 mark, this week, that could be changing.
NZU price soars despite CCR “safety valve”
2 Sep 2021
If the purpose of the Cost Containment Reserve is to act as “a safety valve” to prevent NZU prices going significantly above the trigger price – it doesn't appear to be working.
NZU price crashes through CCR
1 Sep 2021
THE third NZ ETS auction cleared at $53.85 today - the first time the cost containment reserve has been breached.
Jump in number of non-obligatory players entering ETS
31 Aug 2021
Nearly two thirds of bids in the last ETS auction in June came from entities that didn’t have compliance obligations.
Carbon making good returns on the NZX
18 Aug 2021
New Zealand’s only carbon fund has more than trebled in size since the beginning of the year and is now worth close to $35 million.
NZ could be at forefront of blue carbon market: report
16 Aug 2021
Government support is needed if New Zealand is to position itself at the forefront of an emerging market in seaweed-based environmental services including ‘blue carbon’, a report released today says.
China's carbon market records its first cross-border deal
16 Aug 2021
Even as trading on China's national carbon market dwindled away in its first month to next to nothing, one sign of life emerged this week in the form of an unusual cross-border deal for a voluntary form of carbon emission credits.
NZUs set to cross the Rubicon
13 Aug 2021
The price of NZUs have been edging closer and closer to the $50 mark this week, with the spot price on both the Commtrade and Carbon Match secondary markets reaching $49.80 this morning.
US forest fires threaten carbon offsets
5 Aug 2021
Forests in the United States that generate the carbon offsets bought by companies including BP and Microsoft are on fire as summer blazes rage in North America.
Carbon accounting's dirty secret
5 Aug 2021
There’s a dirty secret of carbon accounting, and it could soon be exposed. That’s because the assumptions most companies base their calculations on could be wrong.
The huge sequestration potential of regenerative farming
23 Jul 2021
By some estimates, if the 1.2 billion acres of American agricultural land (more than half of the U.S. land base) transitioned towards regenerative farming practices, it could sequester up to 20 percent of the carbon required to reach the Biden administration's goal of fully offsetting America's carbon emissions by 2050.
China's carbon market tops 210 million yuan in first-day trading
19 Jul 2021
China's national carbon market, the largest emissions trading system in the world, made its debut on Friday with a turnover of 210 million yuan for carbon dioxide emissions on the first day
Number of NZUs surrendered drops
15 Jul 2021
The net number of NZUs surrendered in the year ending June dropped from $40.24 million last year to $38.87 million.
10 YEARS AGO...
14 Jul 2021
Ten years ago, The Australian Government rolled out a tool to help Australians understand the likely impact of the just announced price of carbon... In hindsight they could have just said: "Sweet bugger all, mate."
Limits could be placed on NZU stockpiles
9 Jul 2021
Participants in the NZ ETS could have limits set on the number NZUs they are holding and be required to disclose their stockpiles under proposals being considered by the Government.
NZUs continue to climb
8 Jul 2021
The price of NZUs have increased by more than 24% since the beginning of last month – hitting $46 on both the Commtrade and Carbon Match platforms yesterday.
10 YEARS AGO...
6 Jul 2021
Ten years ago, NZ Carbon Farming was claiming it had made the biggest carbon deal in New Zealand history - but it wouldn't say how big.
Voluntary NZ carbon credit drought
2 Jul 2021
Local businesses wanting to claim zero-carbon status are finding it difficult to obtain verified, voluntary New Zealand carbon credits, the Environment Select Committee heard yesterday.
NZU price keeps climbing
25 Jun 2021
NZUs are trading at all-time highs of more than $43 on both CommTrade and Carbon Match today
US farmers banking carbon
24 Jun 2021
Some U.S. farmers are hoping to invest in a new cash crop, deep within the soil: Carbon
ETS auction clears at $41.70
23 Jun 2021
The second NZ ETS auction cleared at a price of $41.70 today.
UK aviation emissions up, up and away till mid-2030s
23 Jun 2021
The UK aviation industry has announced carbon targets that allow emissions from planes to increase into the mid-2030s.
NZU prices plateau before 2nd ETS auction
22 Jun 2021
Prices for NZUs have plateaued around the $41 mark in the lead up to tomorrow’s ETS auction.
10 YEARS AGO...
22 Jun 2021
Ten years ago, New Zealand carbon prices were expected to drop following falls in Europe.
Pests a major contributor to climate change: Forest & Bird
18 Jun 2021
THE West Coast’s kamahi-podocarp forests are bleeding 3.4 million tonnes of stored carbon annually because of browsing deer, goats, chamois and possums, a Forest and Bird Report, released today, reveals.
New forward carbon product launched
18 Jun 2021
Media Release - emsTradepoint Ltd (a subsidiary of Transpower) has today launched a new quarterly forward product for carbon.
Singapore launches new carbon marketplace for nature conservancy projects
17 Jun 2021
Singapore is launching a carbon trading marketplace focused on nature conservancy projects, a move that could protect at-risk tropical forests in the region while unlocking a ready source of carbon credits for businesses.
NZ carbon price hits all time highs
15 Jun 2021
NZUs fixed at $40.50 on both CommTrade and Carbon Match yesterday, an all time high but still only about half of what's being paid for carbon credits Europe and the UK.
10 YEARS AGO...
14 Jun 2021
Ten years ago, a carbon consultant proposed farmers be incentivised to cut emission with the promise of carbon credits.
10 YEARS AGO...
10 Jun 2021
Ten years ago, the operators of a Waikato aboretum won the right to sell carbon credits from their trees.
10 YEARS AGO...
9 Jun 2021
Ten years ago, NZUs were trading for between $19.65 to $19.85, on light volume.
Offsetting beer's environmental hangover
8 Jun 2021
Next time you take a swig of Steinlager you can rest easy knowing that Lion has paid one cent to offset the carbon emitted during its brewing.
NZU price on the up
8 Jun 2021
After dropping from a high of $39.60 in February to $36.25 last month, the price of NZUs is on the way up, crossing the $38 mark today.
AI tool for forestry sequestration attracts backing
8 Jun 2021
Media Release - Nelson Artificial Intelligence (NAI), a provider of artificial intelligence (AI) solutions for thorny environmental challenges, has spun off its first business after securing a $1.8 million investment in technology that gives landowners streamlined access to forest carbon credit markets.
Investors piling into carbon market
4 Jun 2021
Investors have piled into new carbon-credit-trading funds, helping make the upstart market one of the best-performing commodities-related investments of the past year, The Wall Street Journal reports.
Air Tahiti Nui offers CarbonClick offsets
3 Jun 2021
New Zealand tech company CarbonClick has signed up a second international airline to its offsetting programme.
10 YEARS AGO...
2 Jun 2021
Ten years ago, the Australian Government was advised that putting a price on carbon would spur innovation and have no disruptive effect on the economy.
Cutthroat competition preventing decarbonisation: Westpac
28 May 2021
The cutthroat nature of the road freight industry is preventing it from making meaningful moves towards decarbonisation, according to new research by Westpac NZ’s economic team.
Singapore to launch global carbon exchange
24 May 2021
A new Singapore-based global exchange for high-quality carbon credits will be launched by the end of the year.
Auckland to spend $21 a year per household on climate change
20 May 2021
Auckland City’s proposed $160 million of spending on climate change over the next 10 years, announced in this week’s “recovery budget,” will add just $21 to the annual rates bill of residential property owners.
10 YEARS AGO...
20 May 2021
Ten years ago, new rules for measuring the carbon stored in forests were gazetted.
World's largest carbon market booming
20 May 2021
The cost of polluting in Europe is experiencing a meteoric rise unlike any period since its inception in 2005, driven higher by the region’s ambitious climate policy and increased financial investment in the market.
High carbon price hits coal
13 May 2021
Europe's record-high carbon prices are driving down coal use,
NZU price tipped to cross $40 mark before the end of the year
11 May 2021
Seven out of nine respondents to an international carbon market survey believe the price of NZUs will cross the $40 mark before the end of the year.
10 YEARS AGO...
10 May 2021
Ten years ago, nearly nine million NZUs had been issued for carbon stored in post-1989 forests.
UN limits staff at COP30 climate summit over accommodation concerns
Today 11:45am
High hotel prices for Brazil's COP30 climate summit in November have prompted the United Nations to urge its staff to limit attendance, while government delegations are still scrambling to find rooms within their budgets.
Govt passes law to limit farm-to-forest conversions
Today 11:45am
By Shannon Morris-Williams | The Government has passed legislation intended to limit farm-to-forest conversions in the Emissions Trading Scheme, with ministers saying the changes “restore balance,” while opponents call it a band-aid that risks climate targets.
NZ needs to be part of a regional SAF strategy: Z, Air NZ
9 Sep 2025
By Pattrick Smellie | New Zealand needs to be part of a regional strategic approach to sourcing sustainable aviation fuel (SAF), with domestic production less the aim than ensuring access to the fuel from one of a number of strategically positioned bio-refineries around the world.
'Non-negotiable' – EU carbon pricing to hit Kiwi exporters, expert warns
11 Sep 2025
By Shannon Morris-Williams | High carbon exports will inevitably face a high carbon tax at the EU border, possibly in the next five years, and high methane agricultural products might not be exempt, an international expert told a local audience yesterday.
UK foreign aid for nature hits £800m record due to cash for carbon credits
Tue 16 Sep 2025
The UK’s climate-aid spending on “nature protection and restoration” reached record levels of nearly £800m last year, according to government figures obtained by Carbon Brief.
Researchers say sealing old oil wells with bio-oil from crop waste is a dual carbon-removal solution
Today 11:45am
A new analysis shows that oil made from corn husks, wood chips, and other waste could plug greenhouse gas-belching abandoned oil wells while sequestering carbon for about $152 per ton.
EU set to miss UN deadline for new target under Paris climate accord
Today 11:45am
The delay is intended to allow countries more time to agree to an ambitious goal.
Carbon price steady after failed quarterly auction
Tue 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.
Industry struggles with double-digit power price hikes
Mon 15 Sep 2025
As power prices surge by double-digit amounts for the second year in a row, industrial users can’t keep absorbing cost increases, the Major Electricity Users’ Group says.
The merchants of doubt are back
3 Sep 2025
OPINION: If you don’t follow climate policy closely, you might not know that the Trump administration is launching an effort to overturn one of the most fundamental pillars of American climate policy.
Milestone for NZ Steel electrification
10 Sep 2025
By Pattrick Smellie | NZ Steel has passed an installation milestone for its new electric arc furnace, which will reduce emissions from the Glenbrook steel mill site by as much as one megatonne (1Mt) a year.
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.”
Watts not considering removing electricity from ETS
Tue 16 Sep 2025
Energy and Climate Change Minister, Simon Watts, says he is “not currently considering” removing electricity generation from the Emissions Trading Scheme, as proposed by NZ First Minister Shane Jones.
Gentailers told to behave as ministers weigh Frontier review
Wed 17 Sep 2025
The chief executives of Contact, Meridian, Mercury and Genesis met Energy and Climate Change Minister Simon Watts on Thursday for their regular monthly session.
Declining sea-ice is altering Antarctic food webs
11 Sep 2025
A new study shows a significant change in Antarctic phytoplankton over time that could cascade through the marine food web and affect the ocean’s capacity as a carbon sink.
Lobby group launches ‘blueprint’ for ocean management reform
Thu 18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Marginal drop in last year's regional emissions
27 Aug 2025
Regional greenhouse gas emissions were down slightly last year, with a fall in gas supply leading to a big drop in Taranaki, but more coal burnt leading to higher emissions in Waikato, according to new figures from Stats NZ
Australia leapfrogs NZ on climate ambition
Today 11:45am
By Liz Kivi | Lawyers for Climate Action say Australia’s new 2035 climate target should be a wake-up call for ‘clean, green’ New Zealand.
Exxon and Shell sue the Netherlands in secret tribunals for closing Europe’s biggest gas field
Today 11:45am
Following billions in profits and over a thousand gas extraction-related earthquakes, the oil and gas giants filed claims against the Dutch state in four separate investor-state disputes concerning compensation for home damages and the permanent closure of the Groningen gas field.
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.
Why mega-polluters have little to fear from the European Central Bank and its new climate policy
12 Sep 2025
The European Central Bank plans to raise borrowing costs for climate offenders – but a new FTM analysis shows that big polluters such as Shell will barely feel it.
Science cuts will hold back climate research
Wed 17 Sep 2025
By Liz Kivi | A crisis in government-backed science funding is worsening, with dire implications for climate research in New Zealand, according to experts from the scientific community.
Media round-up
5 Sep 2025
In our round-up of climate coverage in local media: The great methane debate; law change scuppers legal challenge to irrigation scheme consent; and what are the energy and climate implications of the $7.5 billion Amazon Web Services data centre deal?
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.
Media round-up
29 Aug 2025
In our round-up of climate coverage in local media: Changes to road user charges will increase New Zealand's emissions; Climate Change Minister Simon Watts promises better access to hazard data for homeowners; and Kiwis borrow over $1 billion in ‘green loans’ for heat pumps and electric cars.
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.
Young activists won a landmark state climate trial. Now they’re challenging Trump’s orders
Thu 18 Sep 2025
Young climate activists and their attorneys who won a landmark global warming trial against the state of Montana are trying to convince a federal judge to block President Donald Trump’s executive orders promoting fossil fuels.
Forest carbon stores massive blind spot - study
4 Sep 2025
By Shannon Morris-Williams | Aotearoa New Zealand’s planted forests hold significant deep soil organic carbon — with over half of it stored below 30 cm, and much of it over 1,000 years old.
Govt tweaks offshore energy bill with 'declared areas' model
Wed 17 Sep 2025
By Shannon Morris-Williams | The Government is making changes to the Offshore Renewable Energy Bill to address offshore wind developers' concerns about competing for space with other industries.
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 steady ocean pattern just failed for the first time ever observed
Wed 17 Sep 2025
The failure of the Gulf of Panama’s seasonal upwelling system has left scientists wondering what happens next.
Australia's 2035 climate targets on path to net zero judged by the experts
Today 11:45am
After much anticipation, Australia has set its new climate targets: a reduction of 62 to 70 per cent within the next 10 years.
‘Plastic Cup’ competitions are cleaning up rivers in Hungary
1 Sep 2025
Afloat on DIY boats, teams of volunteers have removed over 450 tons of plastic waste from the Danube and its tributaries.
Can certificates solve NZ's heavy vehicle emissions problem?
Thu 18 Sep 2025
By Shannon Morris-Williams | The Sustainable Business Council has launched a new framework for a national system to cut freight emissions.
Climate change collaboration and competition law
Thu 18 Sep 2025
By Pattrick Smellie | The revamped competition law regime needs to be able to take into account the benefits of companies that collaborate for action on climate change, says the panel that reviewed both the Commerce Commission and the Commerce Act.
Underestimating support for climate action limits political decision making, study says
8 Sep 2025
Research reveals huge disparity between perceived and actual willingness of public to contribute to fixing climate.
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.
One city’s race to ‘solarise everything we possibly can’
Thu 18 Sep 2025
Bordeaux is quickly transforming itself into France’s top solar-powered city, banking on innovations like transparent panels that preserve its historic architecture.
Turning squashed bugs into climate change data
Today 11:45am
Media release: University of Auckland | What if the insects you hit with your car could contribute to research on climate change?
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’.
Ara Ake backs 13 projects to unlock NZ’s energy flexibility
11 Sep 2025
Media release | Ara Ake has approved over $600,000 in funding from the National Flex Discovery Fund for 13 flexibility service providers (FSPs).
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.
Most EU carmakers on track to meet emission targets: study
10 Sep 2025
Almost all European carmakers are on track to meet EU emission targets after winning a reprieve this year as electric vehicles (EV) sales pick up, a study showed.
Echo Tech secures growth investment to tackle NZ's e-waste crisis
Mon 15 Sep 2025
Media release | Echo Tech Limited, New Zealand’s leading provider of e-waste recycling and IT asset recovery services, is proud to announce a strategic investment from growth equity firm Altered Capital.
La Niña set to prolong NZ hydro shortfall
9 Sep 2025
By Shannon Morris-Williams | With La Niña favouring a drier-than-normal spring across much of the South Island, hydro lakes are unlikely to recover without substantial rain and late snowmelt – keeping national storage levels below average.
Record UK wildfires have burned an area twice the size of Glasgow in 2025
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.
Which countries are scaling solar and wind the fastest?
12 Sep 2025
The leaderboard is quite different depending on what metric you look at.
