Topics tagged with 'Carbon Credits'
EDITORIAL: Nature, enter us...
25 Aug 2020
By ADELIA HALLETT | At last we’re waking up to the fact that nature is our best defence against climate change.
TEN YEARS AGO ...
20 Aug 2020
Ten years ago, the holders of fishing quota were proving tardy at getting into emissions trading.
Helping Chile cut emissions could help us
18 Aug 2020
New Zealand and Switzerland are helping Chile develop an emissions reduction programme that could pay dividends for this country.
Where the Redd went wrong
18 Aug 2020
International conservation is known for its pursuit of global, ‘win-win’ solutions that seek to simultaneously address multiple environmental and social issues. But few proposed solutions have offered as much hope, and been so energetically embraced, as REDD+.
Synethic gases net taxpayers $12 million
17 Aug 2020
The Government has collected nearly $12 million in levies for synthetic greenhouse gases imported into the country over the past year.
Has our 2030 carbon debt just got bigger?
14 Aug 2020
More than a fifth of New Zealand’s greenhouse gas emissions last year were covered by the fixed-price option, potentially increasing the size of the country’s 2030 carbon liability.
Carbon tax back before US lawmakers
12 Aug 2020
For years, the idea of putting a price on carbon emissions seemed like a no-brainer — economists claimed that it would cut fossil fuel pollution quickly and efficiently, and at the same time, could even give money back to the American public. Over the past few months, as Democrats have rolled out multiple comprehensive plans to slow down climate change and turbocharge renewable energy, the idea of a “carbon tax” has been notably absent.
EU and Swiss carbon markets to link
11 Aug 2020
A planned link-up of the European Union and Swiss carbon markets will be operational from September, the European Commission says, giving companies a broader pool of potential partners with which to trade emissions permits.
Nitrous oxide from 11 Chinese plants a potential climate catastrophe
10 Aug 2020
Emissions controls worked perfectly at Chinese plants, until the Clean Development Mechanism dried up.
EMISSIONS DOWNER: We must make them lower
5 Aug 2020
New Zealand's greenhouse gas emissions could be about a fifth lower this year than last year because of covid-19, an international science consortium says.
John Kerry backs new carbon-price ETF
4 Aug 2020
John Kerry is betting that Wall Street will succeed where governments failed in the fight against climate change.
RGGI cuts carbon and helps kids to breath
4 Aug 2020
With Virginia and Pennsylvania clamoring to join, the Regional Greenhouse Gas Initiative, affectionately known as RGGI (pronounced “Reggie”), is becoming the coolest climate club on the United States East Coast.
Carbon sets yet another price record
31 Jul 2020
Spot NZUs are through $34 as they continue to smash records.
Country's climate change costs are climbing
30 Jul 2020
Climate change is now swallowing the lion’s share of the Government’s environmental spending, prompting suggestions we should have a dedicated Climate Change Ministry.
Big emitters marshall carbon forces in Australia
27 Jul 2020
Companies responsible for 14 per cent of Australia’s industrial emissions are coming together to figure out how to decarbonise the sector.
Domestic carbon prices continue to climb
23 Jul 2020
Domestic carbon prices hit another record yesterday, with spot NZUs trading at $33.55.
Carbon prices climb to new high
22 Jul 2020
New Zealand carbon prices continue their record run and are set to go higher, if Europe is anything to go by.
Landfill costs will soar as dumping hits home
15 Jul 2020
The cost of dumping waste in landfills will rise as the Government tries to tackle the country’s mounting rubbish problem.
Carbon falls on smelter news
10 Jul 2020
Carbon prices have reacted to yesterday’s news that one of the country’s biggest electricity users and emitters of greenhouses gases is shutting up shop.
CARBON CUTS: Smelter signals end of aluminium emissions
9 Jul 2020
One of New Zealand’s biggest greenhouse gas emitters is closing operations in New Zealand, potentially cutting the country’s missions by more than 1.5 million tonnes a year.
Carbon climbs to another new high
9 Jul 2020
New Zealand carbon prices are at a new high – but sellers are still not coming to the party.
Carbon prices heading for a new record
1 Jul 2020
Carbon prices are back in record-price territory, with spot NZUs trading above $32 on CommTrade and Carbon Match.
Parker whips home third leg of climate trifecta
26 Jun 2020
The third leg of the Government’s climate change legislation trifecta came home this week.
EDITORIAL: Into the red
15 Jun 2020
By ADELIA HALLETT | A rapid rise in the price of carbon could leave some of us facing winter without fresh tomatoes. But that’s as it should be.
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.
‘Stop burning fossil fuels’ pleads scientist as extreme rain causes floods yet again
Fri 27 Mar 2026
Northland and Auckland have again been lashed by heavy rain, with hundreds of people evacuated last night because of extensive flooding in the Far North, and some areas hit by more than a month's average rainfall in just 24 hours.
Beef production drives 40% of agriculture-linked forest destruction, Brazil leads
Thu 26 Mar 2026
Beef production is the leading driver of agriculture-linked deforestation, accounting for 40% of all forest clearing done to open space for food production, according to details of a study released on Tuesday.
$30m airline fund risks ‘burning public money’ without lasting benefit – expert
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.
Signs of jet fuel hoarding emerge in Asia on Iran oil shock
Thu 26 Mar 2026
Signs are growing that Asian countries are hoarding jet fuel after the Iran war sent oil prices surging, reflecting growing strain on the aviation industry.
Wellington planting nears one million trees
Today 11:30am
By Shannon Morris-Williams | Greater Wellington’s parks restoration programme will hit one million native trees this year, with the first dams to rewet peat wetlands in Queen Elizabeth Park now completed after a years-long effort to bring these ecosystems – and their carbon sequestering superpowers – back to life.
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.
France confirms oil crisis, says 30-40 percent of Gulf energy infrastructure destroyed
Today 11:30am
France's Finance Minister Roland Lescure revealed that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran's retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.
Carbon price: Ups and downs amid geopolitical uncertainty
Thu 26 Mar 2026
By Liz Kivi | After ups and downs in recent weeks, the carbon market again broke above the $40 mark this week, with questions around how the Middle East conflict will play out weighing on market confidence.
NSW to ban new coalmines in major shake-up for $23bn industry
23 Mar 2026
A major shake-up is on the way for one Australian state’s single biggest export, which powers homes here and abroad.
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.
Carbon trading schemes cut more emissions than carbon taxes, according to global study
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.
Open letter: NZ needs an essential use allocation plan for fuel – now
Today 11:30am
Wise Response Society | We are writing to make one demand: the government must publish a quantified, ranked essential use allocation plan for fuel - with litres-per-day allocations, tied to actual onshore stock levels and realistic resupply assumptions.
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.
Tuvalu prioritises climate change in agreement with NZ
Fri 27 Mar 2026
By Liz Kivi | New Zealand has pledged an additional $20 million to climate resilience work in Tuvalu, more than doubling Aotearoa's aid to the tiny island nation in the current financial year.
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.
MfE forecasts suggest diminishing NZU stockpile
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.
LNG sold as insurance, but modelling points to a bigger role
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).
Top scientist speaks out against Trump regime’s attack on premier research centre
23 Mar 2026
By Liz Kivi | Kevin Trenberth, one of the world’s leading climate scientists, now based in New Zealand, has told the Trump administration he is “appalled” at its attempt to break up the international research centre he has been associated with for nearly 50 years.
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.
NZ prepares to join ‘gold rush’ for white hydrogen
Wed 25 Mar 2026
By Pattrick Smellie | New Zealand may be close to commercialising the capture and use of naturally occurring ‘white’ hydrogen, with investment plans for developments in the Wairarapa region picking up pace in response to spiralling oil prices.
Media round-up
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.
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
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.
Cleantech expo coming to Auckland
Thu 26 Mar 2026
New Zealand’s first national cleantech expo is set to bring together 30 innovators, in what organisers say is the country’s fastest growing area in the tech sector.
NZ First targets regional share of mining royalties
Today 11:30am
By Shannon Morris-Williams | New Zealand First has proposed returning 50% of mining royalties to regional communities, saying that too much of the value from resource extraction is currently flowing to Wellington.
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.
Worst in a generation: Environmentalists slam fisheries reform bill
Wed 25 Mar 2026
Media release: Greenpeace | The Fisheries Amendment Bill, which will likely have its first reading in parliament this week, is being labelled the worst fisheries policy in a generation by environmental groups who are calling for it to be rejected to protect ocean health.
Close questioning over ‘ministerial latitude’ at climate hearing
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.
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?
Cost of living dominates Kiwis’ concerns – but sustainability still shapes trust, choices and expectations of business
Today 11:30am
Media release: Sustainable Business Council | The cost of living continues to emerge as New Zealanders’ top concern - yet sustainability continues to play a decisive role in how people judge businesses, according to new research.
Activists occupy controversial gold drilling site
Wed 25 Mar 2026
By Max Frethey, Local Democracy Reporter | Opposition in Golden Bay to a controversial gold mine at Sams Creek has flared up over the weekend after several activists briefly occupied a drilling site.
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.
Solar is Southeast Asia’s cheapest buffer against future shocks
Thu 26 Mar 2026
Southeast Asian countries’ planned expansion of gas power could increase the cost of generating electricity to $109 billion by 2030 based on future price projections — more than double the cost of generating the same amount of electricity with solar.
World-leading plasma torch takes aim at NZ's most potent greenhouse gases
Tue 24 Mar 2026
Media release | A high-tech plasma torch was lit up today as Minister of Conservation, Hon Tama Potaka, officially opened the $10 million National Refrigerant Destruction Facility – signalling a new era in addressing the environmental impact of New Zealand’s most potent greenhouse gases.
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.
Why the Iran war may have just killed the AI boom
Thu 26 Mar 2026
The $1.5 trillion in committed AI infrastructure spending by major tech companies is built on an assumption of a functional global supply chain, which the Iran conflict has fundamentally broken.
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.
Two Australian states offer free public transport as war pushes up fuel prices
Today 11:30am
Public transport in two Australian states will be made free to incentivise people not to drive as fuel prices soar due to the war in the Middle East.
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.
AI tool predicts wildfire danger faster than current systems
Thu 26 Mar 2026
Media release | A wildfire forecasting system powered by artificial intelligence could help detect dangerous fire conditions earlier and reduce the cost of wildfire response, according to new research from Te Whare Wānanga o Waitaha | University of Canterbury.
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.
