Topics tagged with 'Carbon Credits'
Government rules out carbon market agency
5 Aug 2019
The Government says it will not set up a new agency to set the volume of carbon credits in the market.
Free credits, existing forests suffer in ETS changes
31 Jul 2019
Free carbon credits to trade-exposed heavy emitters are being phased out and forests registered in the Emissions Trading Scheme before 2019 will be barred from the new averaging accounting system, the Government has just announced.
Stand over Kyoto units could cost us $500 million
29 Jul 2019
Refusing to use Kyoto units to meet New Zealand’s Paris climate promise could cost taxpayers half a billion dollars.
Officials examine future of dodgy Russian credits
19 Jul 2019
Officials are calculating the number of dodgy carbon credits New Zealand used in meeting its emissions reduction target, raising the prospect that the country might yet make good on its actions.
Pay the farmers now, says bioenergy lobby
17 Jul 2019
The Bioenergy Association wants farmers who cut greenhouse gas emissions to be eligible for carbon credits now.
Government moving to auction system - and soon
10 Jul 2019
The Government is gearing up to auction carbon units from the end of next year at the latest.
Shaw optimistic gas emissions will peak early
21 Jun 2019
New Zealand’s domestic demand for carbon credits is expected to exceed 43 million units in 2023 - up more than two million units on this year, new figures show.
Nats vow to fight farm emissions moves
17 Jun 2019
The National Party says it will continue to oppose bringing agricultural emissions into the Emissions Trading Scheme.
UK likes our way with international credits
13 Jun 2019
Britain is following New Zealand's lead in saying it will probably use international carbon markets in its drive to carbon neutrality - despite the advice of its own experts.
Emissions pricing not working, says World Bank
11 Jun 2019
Just one per cent of global greenhouse gas emissions are at prices likely to drive the emissions cuts needed to preserve life as we know it, the World Bank says.
Emitters choose to pay carbon fee to Govt
31 May 2019
More emitters this year are opting to pay the Government fee instead of surrendering carbon units, leaving the Government with a potential carbon deficit when it comes to meeting the country’s international obligations.
Big emitters get together and make a plan
28 May 2019
New Zealand’s trade-exposed industrial emitters – who between them are given more than five million free carbon credits a year – have produced a plan to help to cut the country’s greenhouse gas emissions.
NZ plays different carbon game home and away
23 May 2019
The gap between New Zealand’s international emissions reduction pledge and what it plans to do at home is big enough to drive an electric bus through.
Disbeliever Brash turns financial backer
6 May 2019
Former National Party leader and one-time Reserve Bank Governor Dr Don Brash might have had doubts in the past about whether humans are changing the climate, but now he’s throwing his money and weight behind technology that could help to solve New Zealand’s methane headache.
HALFWAY HOUSE: PM changes our climate focus
24 Apr 2019
Jacinda Ardern’s nuclear-free-moment speech on the campaign trail during the 2017 general election struck a chord.
MEMO LABOUR: The answers are in your files
17 Apr 2019
Labour could find solutions in its own files to the problem of putting a price on greenhouse gas emissions from agriculture.
How forests can be long-term carbon stores
27 Mar 2019
Forests can be a long-term store of carbon if they’re managed correctly – but without them, New Zealand has no hope of reaching carbon neutrality by the middle of the century, a forestry expert says.
Farming in ETS good move, says forestry expert
26 Mar 2019
Agriculture should be brought into the Emissions Trading Scheme as soon as possible – and farmers be given the opportunity to make money from it, the Government has been told.
Treasury sees use for international credits
22 Mar 2019
Treasury wants to retain the ability to use international carbon credits to meet New Zealand’s 2050 emissions reduction target, confidential papers show.
Tiwai and dairying push up emissions from coal
21 Mar 2019
The firing up of an extra pot-line at the Tiwai Point aluminium smelter and a strong dairying season pushed up New Zealand’s greenhouse gas emissions from the burning of coal.
Big emitters join hands to buy carbon forests
15 Mar 2019
Four of New Zealand’s largest emitters are joining forces to supply their own carbon credits to meet obligations under the Emissions Trading Scheme.
Fertiliser firm wants balance in carbon credits
5 Mar 2019
A company given millions of dollars’ worth of free carbon credits says the system giving it the units should not be stopped until at least 70 per cent of its competitors also face a carbon price.
Farmers must pay for emissions, say foresters
4 Mar 2019
The Government’s latest attempts to make the Emissions Trading Scheme attractive for forestry won’t work if farmers don’t have to pay for their emissions, say foresters.
Nats make 'measured and reasonable' climate plan
25 Feb 2019
A National government might give fewer free carbon credits to trade-exposed industrial emitters but is unlikely to force a large-scale reduction in biological emissions from agriculture, according to a new paper.
MONEY MYSTERY: How much will this cost us?
19 Feb 2019
Treasury expects most emitters to pay the Government a carbon fee this year instead of surrendering carbon credits – and that will cost the country money.
Mâori want say in planting of marginal land
12 Feb 2019
PLANS TO TURN farms on steep country into forests could see the Government run foul of Mâori economic development plans.
Second iwi wants inclusion of older forests
1 Feb 2019
Another major iwi is pushing for tradable carbon credits for a much wider range of forests – and says dairy farmers should be liable for emissions from their businesses.
Maori landowners back use of older forests
29 Jan 2019
Iwi involved in the Treelords settlement are backing calls for extra carbon stored in old and indigenous forests be recognised.
Don't ignore pre-1990 trees, foresters urge
25 Jan 2019
The Emissions Trading Scheme should be used to encourage more carbon storage in old forests, the forestry industry is telling the Government.
Tiwai could lead way in new-deal aluminium
22 Jan 2019
The owner of New Zealand’s only aluminium smelter says the country could have a bright future producing low-emissions aluminium for a carbon-constrained world.
Govt explains why $25 cap should stay for now
21 Dec 2018
The Government says the current cap on the price of carbon needs to stay in place while the Emissions Trading Scheme is reviewed.
Government stalls as carbon price hits high
13 Dec 2018
Record carbon prices have failed to convince the Government that the price cap should be lifted immediately.
Carbon trading will mean fair trading
13 Dec 2018
Insider trading is to be banned from New Zealand’s carbon market.
Government announces wide ETS changes
12 Dec 2018
A cap on emissions, a system to manage carbon credits supply and prices, the inclusion of permanent forests, and the possibility of a price a price floor are the major changes to the Emissions Trading Scheme just announced by the Government.
ETS changes could see price cap lifted
12 Dec 2018
The next round of changes to the Emissions Trading Scheme to be announced later today could see the $25 price cap lifted.
Our climate efforts 'highly insufficient'
12 Dec 2018
New Zealand’s efforts on climate change remain “highly insufficient” and consistent with twice the level of warming that scientists say we should not go beyond.
Put food first and buy credits, says fertiliser firm
27 Nov 2018
New Zealand should keep producing food and buy international carbon credits to cover its greenhouse gas emissions, says fertiliser co-operative Ravensdown.
How we'll pay for National's mismanagement
12 Nov 2018
Climate mismanagement under the National government means New Zealand will have to use international carbon credits to meet its emissions reduction targets, says a leading carbon forestry executive.
Buying credits last resort, say energy managers
1 Nov 2018
Buying international carbon credits to meet New Zealand’s greenhouse gas emissions reduction commitments will be expensive and should be a last resort, the Government has been told.
Emissions failure will hurt farmers, says Fonterra
31 Oct 2018
A global failure to cut greenhouse gas emissions will see New Zealand farmers face demands for major production cuts, the world’s largest milk-producer is warning.
Getting rid of free credits worth $2b, says TWG
21 Sep 2018
Ditching free carbon credits for trade-exposed heavy emitters could generate $2.1 billion a year in revenue, the Tax Working Group says.
New maps will settle forest-planting posers
19 Sep 2018
The thorny question of whether land is eligible for carbon forests could soon be solved – with a map.
Climate action-man puts new emissions option
14 Sep 2018
The man who got politicians from both sides of Parliament to agree on climate change says there might be a third option for dealing with New Zealand’s greenhouse gas emissions.
Farmers' cost claims wrong, says commission
7 Sep 2018
Claims by the farming sector that cutting agricultural greenhouse gas emissions will cost farmers $230,000 a year by 2050 are wrong, the Productivity Commission says.
PRODCOM 2: Market needs special treatment
4 Sep 2018
The carbon market should be managed by a special authority, the Productivity Commission says.
PRODCOM 5: Where we got it wrong
4 Sep 2018
What went wrong with New Zealand’s Emissions Trading Scheme? The Productivity Commission spells it out in a report released today.
Don't rush free-credits' demise, warn exporters
24 Aug 2018
Trade-exposed heavy emitters should keep getting free carbon credits until 70 per cent of their international competitors face a carbon price, says Export New Zealand.
Carbon trading support sits at 50%, says survey
23 Aug 2018
Half of New Zealanders support carbon trading as a way of cutting the country’s greenhouse gas emissions, a survey shows.
Cheap-credits companies might face crackdown
22 Aug 2018
The Government might crack down on companies using cheap credits to cover their carbon liabilities while banking or selling credits given to them by taxpayers.
Climate progress slowing, says Auckland councillor
Thu 5 Jun 2025
By Shannon Morris-Williams | The devastating cyclone that tore through Tāmaki Makaurau in 2023 left behind more than just broken infrastructure, sparking calls to focus on facts over ideology in the fight against climate change.
Fed Farmers launches campaign against carbon forestry
Today 11:30am
By Liz Kivi | Federated Farmers has launched what they are calling the ‘Save Our Sheep’ campaign, blaming carbon forestry for declining sheep numbers and calling on the government to urgently review the Emissions Trading Scheme.
Greenwashing is rife in Australia, but could its days be numbered?
28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Help sustainable aviation fuels take off or delay targets, airlines warn EU
20 May 2025
Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.
Microplastics found in sand on dozens of NZ beaches
Wed 4 Jun 2025
Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.
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.
Global energy investment set to hit record $3.3 trillion in 2025, IEA says
Today 11:30am
A surge in clean energy spending is expected to drive a record $3.3 trillion in global energy investment in 2025, despite economic uncertainty and geopolitical tensions, the International Energy Agency said on Thursday.
Govt mulls status quo for ETS auction settings
29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
Fight over coal mine heats up
30 May 2025
Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Common low-grade clay strengthens low-carbon concrete
Thu 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.
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.
Gas supply reducing faster than forecast
Thu 5 Jun 2025
By Liz Kivi | Gas reserves have reduced 27% as of 1 January 2025 compared to last year, according to data released today by the Ministry of Business, Innovation and Employment.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Extreme ocean warming engulfed South-West Pacific in 2024
Today 11:30am
By Shannon Morris-Williams | Unprecedented ocean warming engulfed the South-West Pacific in 2024, with extreme heat and rainfall causing deadly and devastating impacts and sea level rise threatening entire islands.
Oceans Commission must have teeth – minister
14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Biochar's negative emissions tech coming to Fieldays
Today 11:30am
Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.
Vanuatu criticises Australia for extending gas project while making COP31 bid
Wed 4 Jun 2025
Vanuatu’s climate minister has expressed disappointment over Australia’s decision to extend one of the world’s biggest liquefied natural gas projects and said it raises questions over its bid to co-host the COP31 summit with Pacific nations.
Hotter and deeper: how NZ’s plan to drill for ‘supercritical’ geothermal energy holds promise and risk
2 Apr 2025
By David Dempsey, University of Canterbury | New Zealand’s North Island features a number of geothermal systems, several of which are used to generate some 1,000 MegaWatts of electricity. But deeper down there may be even more potential.
Electrification challenge for politicians, regulators
27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
How the little-known ‘dark roof’ lobby may be making US cities hotter
Today 11:30am
As cities heat up, reflective roofs could lower energy bills and help the climate. But dark-roofing manufacturers are waging a quiet campaign to block new rules.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
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.
What happened to the hydrogen economy?
Tue 3 Jun 2025
The hydrogen car that was supposed to carry us into a cleaner future is still not in the driveway. In fact, outside of a few test markets, it’s not in anyone’s driveway.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
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.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
30 May 2025
By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
Carbon News launches price index
24 Jun 2024
Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.
Govt's RMA overhaul sparks fears for nature and climate
30 May 2025
By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
Thu 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.
Top ocean experts sound the alarm over growing marine crisis due to climate change
Today 11:30am
On the opening day of a global science conference, French fishery scientist Clea Abello presented research showing that marine protected areas could protect commercially valuable fisheries.
Tech alone won’t save us, warns climate expert
Wed 4 Jun 2025
By Shannon Morris-Williams | Technology alone won't be enough to reach net zero emissions, environmental psychologist Lorraine Whitmarsh told the Carbon and Energy Professionals conference in Auckland last week.
New research reveals NZ’s natural resource footprint
29 May 2025
Media release | New research from the office of the Parliamentary Commissioner for the Environment reveals that about 107 million tonnes of natural resources were required to produce the goods and services consumed by New Zealanders in 2019 – approximately 21 tonnes per person on average.
NZ's first chance in 20 years to catch up on waste
30 May 2025
Media release | The government has announced proposals for updating the Waste Minimisation Act and the Litter Act. For the first time in nearly 20 years, Kiwis have a chance to catch up with other countries to reduce our waste and litter.
Dismissals 'massive win' for climate movement
13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
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.
UK’s solar power surges 42% after sunniest spring on record
Today 11:30am
The UK’s solar farms and rooftops generated more electricity than ever before in the first five months of 2025, as the country enjoyed its sunniest spring on record.
Green budget 'ludicrous la-la land' – govt
15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
US: Clean energy project cancellations top $14 Billion so far in 2025
Wed 4 Jun 2025
Businesses have pulled the plug on big projects amid Trump’s retreat on climate action. But plenty remain in the pipeline, awaiting a Congressional decision on tax credits.
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.
“It’s not the car – it’s how we move” – EECA
Tue 3 Jun 2025
By Shannon Morris-Williams| New Zealand’s transport emissions conversation has focused heavily on electric vehicles – but Richard Briggs, group manager, delivery and partnerships at the Energy Efficiency and Conservation Authority, says we’re asking the wrong question.
Europe’s next climate target may already have been agreed in Berlin
28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
Water crisis on the horizon?
26 May 2025
Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.
Tropical forest loss hit new heights in 2024; fire a major driver in Latin America
23 May 2025
Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.
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.
