Topics tagged with 'Carbon Credits'
Coal companies want carbon price slashed
12 Jun 2020
Government decisions that have pushed carbon prices up 28 per cent in eight days of trading must be reversed, says the minerals industry.
Carbon forward units pass $35 price cap
11 Jun 2020
Carbon hit new record prices yesterday, with forward units now more expensive than the unofficial $35 price cap.
Forest owners stay with carbon wait-and-see
8 Jun 2020
Forest owners are adopting a wait-and-see approach to selling units as carbon prices head into record territory.
POLITICS: Caution and confusion rules
5 Jun 2020
By ADELIA HALLETT | This week’s political action has seen carbon prices surging forward again.
Carbon prices continue the good-news climb
4 Jun 2020
Carbon prices jumped another $2 yesterday as the market continued to react to Tuesday’s announcements about the Emissions Trading Scheme.
Prices jump a dollar on fixed-price news
3 Jun 2020
Carbon prices jumped a dollar yesterday on the back of confirmation the fixed-price option will move to $35 this year.
Govt opposed ClimCom in cash-or-credits case
3 Jun 2020
The Government went against the advice of its own Climate Change Commission in allowing companies to continue to pay money instead of surrendering carbon credits to atone for their greenhouse gas emissions.
Effective carbon price-cap will hit $35 this year
2 Jun 2020
The effective price cap on carbon prices in New Zealand will go to $35 this year.
POLITICS: Carbon pricing plans about due
29 May 2020
Whether the Government will go ahead with plans to lift the maximum carbon price this year could become clear next week.
WHAT YOU SHOULD KNOW >
29 May 2020
Sunday is the last day for emitters to pay for their 2019 emissions – either by surrendering carbon credits or paying the Government $25 for every tonne of liable emissions.
WHAT YOU NEED TO KNOW ...
26 May 2020
The Climate Action Tracker international climate science coalition holds an online summit today on achieving net-zero emissions energy systems.
WHAT YOU NEED TO KNOW ...
25 May 2020
Horizons Regional Council is expected to approve its 2020/21 annual plan today, with $175,000 going to assessing the region’s vulnerability to climate change.
Rising prices push up free-credits cost
15 May 2020
Rising carbon prices are pushing up the on-going cost of giving free carbon credits to emitters.
New genetics regime will cut dairy herd emissions
12 May 2020
A new national regime for recording dairy genetics will help to cut greenhouse gas emissions from the nation’s herd, officials say.
Don't force us to disclose, says business lobby
11 May 2020
Businesses should not be forced to disclose their exposure to risks from climate change, Business New Zealand says.
ETS faces biggest overhaul in 10 years
5 May 2020
The biggest overhaul of the Emissions Trading Scheme since it was gutted in 2010 is back before Parliament.
Govt cans changes to electricity factor
28 Apr 2020
The Government is shelving plans to review the way electricity costs are calculated in deciding how many free carbon credits should be given to industry.
Free credits could be lifeline for Marsden refinery
24 Apr 2020
Free carbon credits could be worth $18 million a year for the Marsden Point oil refinery and in some years be the difference between profit and loss, Treasury says.
WHAT YOU NEED TO KNOW ...
23 Apr 2020
Parliament’s Environment Select Committee discusses changes to the Emissions Trading Scheme today.
Refinery could get windfall carbon credits
22 Apr 2020
Bringing the Marsden Point oil refinery into the Emissions Trading Scheme could cost taxpayers money, Cabinet has been told.
WHAT YOU NEED TO KNOW ...
22 Apr 2020
Today is Earth Day – and the fourth anniversary of the signing of the Paris Agreement.
WHAT YOU NEED TO KNOW ...
16 Apr 2020
Submissions on the Government’s plans to regulate the fuel market close on April 25, on the draft transport policy statement on April 27 and on the draft rail plan on May 11.
WHAT YOU NEED TO KNOW ...
15 Apr 2020
Our Freshwater 2020, updating the 2017 official report on the state of New Zealand’s waterways, will be released tomorrow.
Capital council might sell $7m worth of credits
14 Apr 2020
Greater Wellington Regional Council might sell more than $7 million worth of carbon credits to fund its low-carbon transition.
POLITICS: Roll out the big guns
9 Apr 2020
The Government’s climate programme is under double-fire this week.
Taxing oil and gas fields could work, says Upton
6 Apr 2020
Taxing oil and gas exploration and strengthening the Emissions Trading Scheme could be more effective ways of cutting greenhouse gas emissions than banning exploration, the Parliamentary Commissioner for the Environment says.
Carbon markets will keep the doors open
25 Mar 2020
New Zealand’s carbon markets will continue trading through the covid-19 pandemic shutdown.
Customers made the call, says new carbon operator
18 Mar 2020
The operator of a new carbon-trading platform says it is responding to demand from its customers.
Scientists back soil sequestration
18 Mar 2020
Soil sequestration could remove billions of tonnes of carbon dioxide a year from the atmosphere, scientists say.
Green movement mourns loss of Rob Fenwick
12 Mar 2020
Sustainable business pioneer and environmental activist Sir Rob Fenwick has died.
ClimCom wants to see $50 carbon cap now
10 Mar 2020
The Climate Change Commission says controls on carbon prices should be lifted to about $50 a tonne now.
Stretched officials making mistakes, say emitters
4 Mar 2020
Heavy industry is calling for a slowing of the Government’s climate programme in the face of what it says are dangerous errors in officials’ advice.
Climate not big election issue, says National
2 Mar 2020
Climate change should be less of an election issue this year than it was last time round, thanks to cross-party agreement on the zero-carbon act, says National Party climate spokesperson Scott Simpson.
We need to know changes to ETS, say foresters
28 Feb 2020
Forest owners – who yesterday called for a $200-a-tonne carbon tax on the burning of coal – say changes to the Emissions Trading Scheme should be signalled in the May Budget.
SMELTER SMOOCH: Tiwai wants to work with taxpayer
26 Feb 2020
An industrial heavyweight that last year received $12 million worth of free carbon credits from taxpayers says it wants to work with the Government and community to create a low-carbon world.
NZ risks missing biofuels chance, says industry
25 Feb 2020
New Zealand risks missing the chance to use biofuels to develop fuel independence and avoid buying costly international carbon credits, officials are being told.
Taxpayers give smelter credits worth $12m
25 Feb 2020
Taxpayer-funded carbon credits were worth $12.1 million last year to Tiwai Point aluminium smelter operator Pacific Aluminium.
Z Energy worries about access to units
24 Feb 2020
One of the country’s largest emitters fears there might not be enough carbon credits available for surrender in 2021.
Free carbon credits might get early overhaul
20 Feb 2020
The entire formula used to calculate how free many free carbon credits heavy emitters receive might be overhauled before the end of the year.
Row brews over free credits to heavy emitters
14 Feb 2020
Tension is building over the allocation of free carbon credits to trade-exposed heavy emitters.
Lack of global market hurts offsets investment
13 Feb 2020
The lack of a global carbon-trading market is holding back investment in offsets, a new report says.
Expert warns against offshore credits sprees
3 Feb 2020
New Zealand should be buying offshore carbon credits every year instead of going on a buying spree when its carbon bill falls due, says an expert on international carbon policy and markets.
NICK SMITH: How National's ETS did the job
31 Jan 2020
National MP and former climate minister Nick Smith says his Emissions Trading Scheme has seen New Zealand out-perform Australia on emissions reduction.
Australia wrong about our Kyoto credits
30 Jan 2020
New Zealand comes out on top in a row with Australia about climate change, according to The Guardian.
Way now clear for wood, say biomass champions
29 Jan 2020
The Government’s latest move towards getting rid of coal-fired boilers in hospitals and schools shows growing market confidence in the country’s biomass supply, the Bionergy Association says.
Greens vow to make polluters foot the bill
29 Jan 2020
The Greens go into the September 19 election promising to “fix” the carbon price.
ETS proposals bring record carbon prices
28 Jan 2020
New Zealand carbon prices have shot to record levels on the back of proposed changes to the Emissions Trading Scheme.
Down the track, our emissions rate will fall
19 Dec 2019
New Zealand’s projected greenhouse gas emissions are falling.
Kyoto credits threaten Paris Agreement
13 Dec 2019
Allowing countries to carry Kyoto credits forward could effectively kill the Paris Agreement, negotiators are being told.
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.
Trump administration moves to repeal scientific declaration on dangers of greenhouse gases
Today 10:45am
In one of its most significant reversals on climate policy to-date, the Trump administration on Tuesday proposed to repeal a 2009 scientific finding that human-caused climate change endangers human health and safety.
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
Wed 30 Jul 2025
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.
A modest geothermal strategy
Today 10:45am
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
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.
2025 on track to be second or third warmest year on record
Today 10:45am
As it passes its midway point, 2025 is on track to be the second or third warmest year on record. However, it is very unlikely to beat 2024 as the hottest year.
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.
Last minute change to oil and gas legislation over cleanup costs
Today 10:45am
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.
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.
European Central Bank to consider 'climate factor' when lending to banks
Today 10:45am
The European Central Bank will add climate change considerations to its lending operations from late 2026, raising pressure on banks to channel financing towards greener sectors as the euro zone seeks to reduce its carbon footprint.
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.
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.
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.
Fund for low emissions transport winds up
Today 10:45am
New Zealand’s Low Emission Transport Fund has officially wrapped up, ending a nine-year programme that put hundreds of millions of dollars towards accelerating the country’s shift to cleaner transport.
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
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.
The EU’s ‘fantasy’ $750B energy promise to Trump
Today 10:45am
The EU has narrowly avoided a full-blown trade war with Donald Trump by pledging to buy $750 billion of U.S. oil and gas by the end of his term. But achieving that will be almost impossible.
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.
Tilting at windmills? Trump’s claims about turbines fact-checked
Today 10:45am
The US president has taken a swipe at wind power as the blades visible from his Turnberry golf course turn.
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.
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.
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.
