Topics tagged with 'Carbon Credits'
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.
Carbon at $24 puts pressure on Government
16 Aug 2018
Carbon prices have smashed through the $24 barrier for the first time in nearly a decade of carbon trading in New Zealand, increasing pressure on the Government to lift the $25 price cap.
Lift carbon cap to $30 immediately, says broker
15 Aug 2018
The Government is being told to take the brakes off the carbon market and immediately lift the maximum price to $30 a tonne.
No floor, but expect early action on carbon prices
14 Aug 2018
The Government might intervene in the market to lift carbon prices before 2020, but it has no plan to introduce a price floor.
Heavy hitters bank more from free carbon credits
13 Aug 2018
The phasing out of the one-for-two carbon subsidy saw a big jump in the number of free carbon credits given to heavy industries last year.
New figures show emitters opting for arbitrage
10 Aug 2018
Emitters appear to be starting to arbitrage the Emissions Trading Scheme.
Minister silent on arbitrage as prices climb
30 Jul 2018
Climate minister James Shaw isn’t commenting on the risk of arbitrage as carbon prices climb closer to the Government’s artificial price cap.
Taxpayers could be left holding carbon bill
26 Jul 2018
Owners of post-1989 forests due for harvest might be tempted to arbitrage carbon credits, leaving taxpayers with the bill and driving liquidity out of the carbon market.
Let farmers opt in to ETS, says regional council
11 Jul 2018
Farmers should be able to opt into the Emissions Trading Scheme so they can get credit for introducing climate-friendly practices, says the Greater Wellington Regional Council.
Govt hears of value in overseas carbon credits
20 Jun 2018
Access to international carbon credits could lower the cost of decarbonising the economy, the Government has been told.
History says Bridges and Nats are talking hot air
18 Jun 2018
By publisher ADELIA HALLETT | Is Opposition Leader Simon Bridges’ offer to work with the Government on climate change policy worth any more than a dodgy hot-air carbon credit?
Government hears of $800 carbon price possibility
7 Jun 2018
Carbon prices of more than $800 a tonne will be needed if New Zealand doesn’t tackle greenhouse gas emissions from agriculture, the Government has been told.
Wood fuel benefits beg for attention, say backers
23 May 2018
New Zealand’s greenhouse gas emissions could be cut by more 640,000 tonnes a year by burning wood instead of coal in boilers in the Otago region alone.
Use taxes for a better world, says thinktank
14 May 2018
Taxes should be aiming at keeping human activity within the planet’s physical capacity – and that means carbon prices that deliver fast, deep and sustained emissions reductions, the Government’s Tax Working Group has been told.
OPINION: Ministers have gone deaf
30 Apr 2018
The Productivity Commission might be talking about big things from the energy sector, but the Government doesn’t seem to want to know, says Bioenergy Association chief executive BRIAN COX.
Government on global hunt for carbon credits
24 Apr 2018
The Government is locating sources of international units that could be used to meet New Zealand’s international climate obligations – but hasn’t decided yet whether to use them.
August date for public to have say on Shaw's ETS
18 Apr 2018
A new review of the Emissions Trading Scheme will be open for public consultation in August.
Minister quiet on talks with big emitters
27 Mar 2018
Climate minister James Shaw is meeting with some of the country’s biggest industrial emitters – but isn’t saying what they’re discussing.
Carbon capture permits a no-go, says Shaw
26 Mar 2018
Climate minister James Shaw says he wants to cut New Zealand’s use of fossil fuels, not give the sector carbon credits.
Oil explorer wants credits for carbon capture
21 Mar 2018
New Zealand’s largest oil and gas exploration company wants carbon credits for capturing and storing emissions from fossil fuel production – and says it’s viable at a carbon price of just $18 a tonne.
Here's a road to zero carbon, say officials
15 Mar 2018
Meeting New Zealand’s Paris Agreement pledge from domestic emissions cuts alone would put the country on a straight line to carbon-neutrality by 2050, officials have told the Government.
Climate commission's job to advise, says Upton
7 Mar 2018
The climate commission should make recommendations on the Emissions Trading Scheme and the number of international credits used to meet New Zealand’s targets, but control should stay firmly in the hands of the Government, says new Parliamentary Commissioner for the Environment Simon Upton.
Early days, but Govt is talking to global markets
7 Mar 2018
The Government says it’s not yet formally involved in any moves to link the Emissions Trading Scheme to other markets, but it is talking to them.
Minister aware of risk in delaying price cap rise
6 Mar 2018
The Government knows delaying lifting the carbon price cap could cost taxpayers money, but says it is unlikely to move until next year.
Energy minister to get the word on biofuels
26 Feb 2018
Energy minister Megan Woods today will be told how the country can use biofuels to cut its burgeoning transport emissions.
OPINION: We should adopt the 'easy win' way
22 Feb 2018
Government officials appear to be putting more effort into working out how to purchase international carbon credits than into reducing the country’s greenhouse gas emissions, says Bioenergy Association chief executive Brian Cox.
NZ could do good carbon deal now, says trader
20 Feb 2018
The Government could hedge against its $10 billion future carbon bill now – with a money-back guarantee, says carbon trader Nigel Brunel.
Officials look for 'best way' global ETS links
19 Feb 2018
Officials are working on linking the Emissions Trading Scheme to schemes in other countries, saying it’s the best way to secure the international carbon units New Zealand will need to meet its 2030 emissions reduction target.
Billion Trees land approaches 50,000 hectares
16 Feb 2018
The Government says it is close to securing 50,000 hectares of land for new forests under its Billion Trees programme.
Emitters can keep stashed free carbon credits
9 Feb 2018
Trade-exposed heavy emitters sitting on free NZUs from taxpayers will be able to keep using them - even if they did contribute to New Zealand’s embarrassing “dodgy credits” incident.
We'll soon feel the effects of China's market
8 Feb 2018
China’s new carbon market will have a profound impact on electricity companies, says Standard & Poors.
Maori landowners oppose delay in ETS changes
2 Feb 2018
Changes to the Emissions Trading Scheme are needed now, not at the end of next year, if the Government wants Maori land owners to plant carbon-sequestering forests, says a specialist in climate change and Maori development.
'It’s good to hear a government finally talking sense'
2 Feb 2018
What kind of reception is climate minister James Shaw likely to be getting from the Iwi Leaders Group as they meet at Waitangi today?
Australian firms strike first forest credits deal
2 Feb 2018
Australian companies have struck the first long-term deal in that country to sell carbon credits generated from plantation forestry.
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?
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.
The US is sitting out the most consequential climate summit in a decade. It may offer a victory to China
Today 11:45am
The Trump administration fired the last of the US climate negotiators earlier this month, helping cement America’s withdrawal from international climate diplomacy. It may also have handed a huge victory to China.
Carbon prices slide as market awaits ETS decision
Today 11:45am
By Liz Kivi | Volatility has returned to the secondary carbon market, with prices sliding again after plateauing in recent weeks, as the market waits for government decisions on Emissions Trading Scheme settings.
Coal use drove recent emissions increase
Today 11:45am
Increased use of coal for electricity generation was a large driver for an increase in New Zealand’s greenhouse gas emissions in the last quarter.
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?
What does 'drier' really mean in 'green' homes?
Today 11:45am
Media release - Waipapa Taumata Rau, University of Auckland | Researchers say green-rating systems could improve clarity and effectiveness by explicitly defining ‘drier’ and using two measures of humidity.
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.
Bill to restart oil and gas exploration clears final hurdle
Today 11:45am
By Shannon Morris-Williams | The government’s Crown Minerals Amendment Bill is set to become law after passing its third reading in parliament last night, with critics calling it humiliating for the climate minister and an embarrassment to New Zealand's international reputation.
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.
Warmer than usual weather ahead, wetter in north and east, as La Niña signals strengthen
Today 11:45am
Media release – Earth Sciences New Zealand | Seasonal Outlook Climate August to October 2025 suggests warm, damp weather, with La Niña’s possible return.
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
Thu 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.
A modest geothermal strategy
Thu 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.
European Central Bank to consider 'climate factor' when lending to banks
Thu 31 Jul 2025
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
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.
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.
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.
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.
Fund for low emissions transport winds up
Thu 31 Jul 2025
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
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.
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
Thu 31 Jul 2025
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
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.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
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.
