Topics tagged with 'Carbon Credits'
Call to return one million hectares of marginal land to native bush
16 Apr 2021
Forest and Bird is calling on the government to return a million hectares of marginal land to native bush in the wake a Ministry of the Environment report showing native eco-systems continuing to shrink.
Asia pushes ahead on carbon markets
16 Apr 2021
Despite the economic challenges posed by Covid-19, the past year was marked by a growing number of pledges from Asian countries to reach carbon neutrality.
10 YEARS AGO...
15 Apr 2021
Ten years ago, Carbon News was reporting the ETS had failed to boost forest planting.
10 YEARS AGO...
14 Apr 2021
Ten years ago, NZ was on target to meet its Kyoto targets (a truly distant memory.)
Report calls for end of carbon gluttony
14 Apr 2021
The world’s wealthy must radically change their lifestyles to tackle climate change, a report says.
New climate indices launched
14 Apr 2021
MEDIA RELEASE - Scientific Beta launches unique series of pure climate indices that translates companies' climate performance and alignment engagement into portfolio decisions
AA calls for ETS revenues to be spent on green transport solutions
13 Apr 2021
The AA has called on the government to spend revenue raised from the ETS on reducing transport emissions or mitigating the effects of climate change.
10 YEARS AGO...
12 Apr 2021
Ten years ago, a trader was warning the price of NZUs could crash as a result of credits result from the destruction of nitrous oxide and other gases being banned from Europe's ETS.
15000 ClimCom submissions
9 Apr 2021
Just over a week since submissions closed on the Climate Change Commission’s first draft advice to the Government, the commission says it is making good progress on reviewing feedback.
10 YEARS AGO...
8 Apr 2021
Ten years ago, the Government issued more than nine million carbon credits to the owners of post-1989 forests.
Where £100 can make you a solar entrepreneur
8 Apr 2021
In Bath, England, even the smallest investors can support – and profit from – the city’s green energy boom.
Frequent flyers should pay more
8 Apr 2021
Wealthy frequent flyers who take several holidays a year should pay higher taxes each time they fly, a British charity says.
Call for finance sector regulation
7 Apr 2021
New regulations requiring the financial sector to disclose the greenhouse gas emission of their investment portfolios are needed, the Sustainable Business Network says in its submission to the Climate Change Commission.
UK groups demand peat compost ban
7 Apr 2021
The UK government must ban the sales of peat compost this year after its goal of a voluntary phaseout by 2020 proved an “abject failure”, according to a group of gardening experts, conservationists and scientists.
Tyre burner cements in emissions cuts
30 Mar 2021
Greenhouse gas emissions at New Zealand’s only cement-manufacturing plant will be cut by 13,000 tonnes a year – and it’s all down to tyres.
What lobby groups are asking supporters to say
23 Mar 2021
Lobby groups from Greenpeace to the Taxpayers’ Union are encouraging supporters to make submissions on the ClimCom draft report by using their templates and suggested talking points.
SHAW: No point ignoring ClimCom's views on prices
22 Mar 2021
Climate Minister James Shaw appears likely to back any recommendation from the Climate Change Commission to increase price controls in Government auctions of carbon credits.
First carbon auction clears at $36
17 Mar 2021
The first Government auction of carbon credits today saw all 4.75 million NZUs sell at $36.
Parliament passes reserve price provision
10 Mar 2021
The first Government auction of carbon credits will go ahead next week with a confidential reserve price in place.
Super-registry to keep market honest
10 Mar 2021
A planned meta-registry will help stop double-dipping on carbon credits, its developer says.
GENESIS: Reserve price will distort the market
9 Mar 2021
Including a confidential reserve price in next week’s Government auction of carbon credits could distort the carbon market, says one of the country’s largest emitters.
NZUs should be more than $100, MPs told
8 Mar 2021
An umbrella group representing more than 50 environmental organisations says NZUs would trading at more than $100 if the Government set more environmentally realistic limits on the number of units available.
Beef & Lamb: Bring on the carbon credits
2 Mar 2021
The sheep-and-beef industry says a Government report recognising carbon storage on farms is significant – especially if it opens the door to collecting carbon credits from mature native forests.
FRIDAY POLITICS: Collins embraces the ETS
26 Feb 2021
National Party leader Judith Collins seems to have abandoned her dismissal of the need for urgent action on climate change – and found a love for the Emissions Trading Scheme.
Russian region launches carbon trading plan
22 Feb 2021
In Russia's remote far east, authorities have launched an unexpected experiment: an effort to try out carbon trading and reach net-zero planet-heating emissions by 2025.
Proving that taking care of forest pays carbon dividends
18 Feb 2021
New Zealand’s vast native forests may yet help the country meet its emissions reduction commitments under the Paris Agreement.
Sign up for first carbon auction now
18 Feb 2021
The Government’s new carbon-auctioning website is live.
Let's think big, Germany tells US and China
16 Feb 2021
Germany wants Europe and the United States to strengthen transatlantic ties with a trade deal to abolish industrial tariffs, a WTO reform to increase pressure on China and a joint carbon-emission trading system to protect the climate.
MARKET LATESTl NZUs $39.10
10 Feb 2021
Spot NZUs opened at $38.60 bid and $39.60 offered on CommTrade this morning, after last fixing at $39.10.
Technical reserve law before Parliament
5 Feb 2021
A law change to stop carbon credits being sold in Government auctions at well below secondary-market prices has made it into Parliament.
Confusion over ETS rules is holding us back, says farmer
3 Feb 2021
Wairarapa farmer Mike Ashby feels the Government’s 2025 deadline for bringing agriculture into the Emissions Trading Scheme hanging over his head like a Sword of Damocles.
UPDATE: Climate commission's proposals for the ETS
31 Jan 2021
Price controls in New Zealand’s new carbon-auctioning regime could rise sharply next year if the Government acts on draft recommendations from the Climate Change Commission.
$50 is not a price cap, says NZX
29 Jan 2021
Domestic carbon prices could go above $50 a tonne even if the new cost-containment reserve is triggered.
Auction platform passes first test
28 Jan 2021
New Zealand’s new carbon-auctioning seems to be working smoothly.
EDITORIAL: It's about to get real
26 Jan 2021
Welcome to 2021 – the year in which we will get our first hard look at the size of the job in front of us.
Fuel industry leaders join Aussie emissions reduction panel
26 Jan 2021
Fossil-fuel industry leaders and a controversial economist have joined a committee responsible for ensuring the integrity of projects that get climate funding in Australia.
TEN YEARS AGO ...
26 Jan 2021
Ten years ago, hackers using a bomb scare as a diversion stole $15 million worth of carbon credits.
Auctioning system to be tested
13 Jan 2021
Simulated auctions of NZUs will be held on January 27 and 28 to test whether the country is ready for the new auctioning regime.
MARKEST LATEST: NZUs $37.62
23 Dec 2020
Spot NZUs opened at $37.50 bid and $37.75 offered on CommTrade this morning, after last fixing at $37.62.
Govt reverses decision on technical reserve
21 Dec 2020
The first Government auction of carbon credits, scheduled for March 17, will take place with a technical reserve price in place after all.
EDITORIAL: 202O - the year we got serious?
14 Dec 2020
Believe it or not, a 54 per cent rise in the price of NZUs this year does not make 2020 the year of the biggest gains.
WORTH NOTING ...
14 Dec 2020
A training course on how to take part in the first Government auction of carbon credits will be held on Thursday.
WORTH NOTING ...
11 Dec 2020
The Government is expected to update Southland today on talks to stop – or at least delay – the closing of the Tiwai Point aluminium smelter.
WELLINGTON: Give us carbon credits for our wetlands
10 Dec 2020
A second regional authority is calling for non-forestry carbon sequestration like wetland restoration to earn carbon credits.
Carbon continues its bull run
10 Dec 2020
Spot NZUs have hit $38 just two days after reaching $37, tempting sellers back into the market.
WORTH NOTING ...
10 Dec 2020
A training course on how to take part in the first Government auction of carbon credits will be held next Thursday.
Carbon hits yet another high
9 Dec 2020
Carbon prices crashed through the $37.50 mark yesterday, closing at a record $37.55 on both CommTrade and Carbon Match.
WELLINGTON: Should we hold 'em?
8 Dec 2020
Greater Wellington Regional Council will debate today whether it should sell millions of dollars worth of carbon credits or hold them and wait for prices to go higher.
Carbon prices keep climbing
8 Dec 2020
Carbon prices pushed higher again yesterday, making daily gains of 1.64 per cent on both major trading platforms.
Carbon on a barn-storming run
7 Dec 2020
Carbon prices are continuing their climb, recording gains of almost 50 per cent for the year.
Governments must vote in favour of moratorium on deep sea mining
Tue 29 Jul 2025
Media release - Greenpeace | The 30th session of the International Seabed Authority (ISA) has ended with Greenpeace saying governments are continuing to fall short in protecting the deep sea.
Does NZ need a national incentive scheme for wetlands?
Fri 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.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns
18 Jul 2025
Amid suspected fraud in the production of sustainable aviation fuel (SAF), a new report says the airline industry should stop calling all alternatives to kerosene “sustainable”.
Challenges persist in bid to mine the deep sea, even after boost from Trump
Tue 29 Jul 2025
After years of delay, the deep-sea mining plans of Canadian firm The Metals Company (TMC) now appear to be progressing as it pursues a controversial new path to securing a license to mine in international waters under U.S. jurisdiction.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
At least 30 killed and several missing as heavy rains and floods lash northern China
Today 11:45am
Thousands of people were evacuated as the region, including the capital Beijing, braced for more rainfall overnight.
Bearish sentiment lingers for carbon market
11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
Multi-day protest continues at coal mine
Today 11:45am
Bathurst Resources has been forced to truck coal from its Stockton mine as climate activists occupy coal buckets at the mine for a third day.
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?
Common low-grade clay strengthens low-carbon concrete
5 Jun 2025
Media release | Engineers at RMIT University have converted low-grade clay into a high-performance cement supplement, opening a potential new market in sustainable construction materials.
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.
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.
Hiringa eyes green methanol plant near Whanganui
Tue 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.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
A third of ‘slum residents’ in global south are exposed to disastrous flood risks
Today 11:45am
One in three people in informal settlements in the global south live in floodplains and are at risk of a “disastrous flood”.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Wilding pines threaten Molesworth Station
Mon 28 Jul 2025
By Shannon Morris-Williams | Without increased support, the unchecked spread of wilding pines will continue to creep across Marlborough’s high country – putting iconic landscapes and one of New Zealand’s top five biodiversity hotspots at serious risk, according to an expert.
EV sales fall, but it’s complicated
Tue 29 Jul 2025
Imports of fully electric vehicles fell over 50% in value during the 12 months to June 2025, compared with the year ended June 2024, according to Stats NZ.
Watts talks big on energy reform, but barriers persist
29 May 2025
By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.
SBTi releases Net Zero Standard for banks, investors
Thu 24 Jul 2025
The Science Based Targets initiative announced the release of its finalised Financial Institutions Net-Zero Standard, aimed at enabling banks and investors to set net zero-aligned targets for their lending, investing, insurance and capital markets activities.
NZ part of hidden global deep-sea network beneath the waves
Fri 25 Jul 2025
Media release - Earth Sciences New Zealand | A world-first study of marine life, including sea creatures found in New Zealand's dark, cold, pressurised ocean depths, has revealed that deep-sea life is surprisingly more connected than previously thought.
‘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.
Methanex closure comes early this year
14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
Taranaki mayors want hydrogen kick-start from Wellington
Mon 28 Jul 2025
By Craig Ashworth, Local Democracy Reporter Taranaki mayors want central government to partner up with their councils to kick-start a hydrogen industry. This despite ongoing questions about the gas’s effectiveness in reducing carbon emissions.
Climate catastrophes are creating a ‘new market reality’ for insurance carriers
23 Jul 2025
Raging wildfires and severe storms contributed to record-high global insurance losses — totalling an estimated US$84 billion — for the first six months of the year.
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.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
Fri 25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
All aboard for passenger rail in the golden triangle
Mon 28 Jul 2025
Media release – The Future Is Rail | New Zealand’s national passenger rail advocacy group, The Future is Rail, has announced its strong support for the Green Party’s proposal to establish a new passenger rail service connecting Auckland and Tauranga.
Urgent action needed to get on track for climate goals - commission
Fri 25 Jul 2025
By Shannon Morris-Williams | New Zealand is making progress on reducing greenhouse gas emissions, but more work is needed – urgently – to set up for future reductions, according to the latest report from the Climate Change Commission.
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.
Toxic algae are turning South Australia’s coral reefs into underwater graveyards
Tue 29 Jul 2025
Since March, a harmful algal bloom, fueled by a marine heat wave, has been choking South Australia’s coastline.
NZ govt’s fossil fuel plans could break international law
Thu 24 Jul 2025
By Liz Kivi | The government could be breaching international law with its plans to subsidise and expand fossil fuel extraction, following a ruling overnight from the world’s highest court.
Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’
11 Jul 2025
In the midst of a record-breaking heatwave in Europe, the UK city of Exeter recently played host to the second international conference on “tipping points”.
‘Total infiltration’: How plastics industry swamped vital global treaty talks
Mon 28 Jul 2025
Petrostates and well-funded lobbyists at UN-hosted talks are derailing a deal to cut plastic production and protect people and the planet.
Media round-up
Fri 25 Jul 2025
In our round-up of the climate coverage in local media: Dairy conversions surge; Gore is hit with a drinking water crisis; meanwhile farming lobby groups Groundswell and Federated Farmers are up in arms about a plan to classify environmental impacts in the agriculture and forestry sector.
As US climate data-gathering is gutted, Australian forecasting is now at real risk
Today 11:45am
As damage from climate change intensifies, political change overseas is threatening Australia’s ability to track what’s happening now, and predict what will happen next.
Activists sue US development bank over $4.6bn loan to massive Mozambique gas project
18 Jul 2025
Environmental groups claim loan is ‘unlawful’ in legal filing.
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.
China's carbon emissions may have peaked thanks to renewables push
Mon 28 Jul 2025
Climate experts say China's carbon emissions may have peaked, which could affect global climate targets, the fight against global warming – and the Australian coal industry.
Ocean heatwaves may signal climate tipping point
Fri 25 Jul 2025
A recent study that tapped into satellite data has revealed that 2023 marked an unprecedented year for marine heatwaves, with record-breaking levels of duration, reach and intensity across the world's oceans.
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’.
Can robot taxis solve NZ's transport woes?
23 Jul 2025
By Shannon Morris-Williams | The Ministry of Transport has tested the idea of driverless taxis as a futuristic fix. But while new modelling explores how "robotaxis" could ease congestion and reduce car ownership, critics say it misses a crucial point – the country’s worsening transport emissions.
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
5 Jun 2025
By Shannon Morris-Williams | Proposed changes to New Zealand's waste legislation risk undermining public trust in the waste levy scheme, according to Parliamentary Commissioner for the Environment Simon Upton.
The struggle for control of the Arctic is accelerating - and it's riskier than ever
11 Jul 2025
As the battle for one of the world’s coldest places heats up, an increasingly fragile security balance may be breaking down, leading to an escalating arms race.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
For the first time, China invests more in wind and solar than coal overseas
29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
