Topics tagged with 'Carbon Credits'
Govt acts on auctioning and international units
26 Jul 2017
The $25 price cap is staying for now, but the importation of international units will be restricted when the New Zealand carbon market opens to the world again, the Government has just announced.
Greens put case for billion-dollar growth fund
17 Jul 2017
A billion-dollar Green Infrastructure Fund and New Zealand at net-zero emissions by 2050 will be priorities for the Green Party in government.
THE COUNT: James Shaw takes Greens into the lead
17 Jul 2017
It’s runs on the board this week for two leaders in The Count, our weekly tally of public statements about climate change by party leaders in the lead-up to the general election.
Wood-for-coal switch would save us millions
14 Jul 2017
Using wood instead of coal to provide industrial heat would cut New Zealand’s greenhouse gas emissions by 460,000 tonnes and save more than $11 million a year in carbon credits, a new report says.
IT'S OFFICIAL: Ministers get the word on ETS changes
5 Jul 2017
Official advice on changes to the Emissions Trading Scheme has made its way from officials to ministers.
What biofutures need is America's Cup energy
13 Jun 2017
New Zealand could have a thriving biofutures industry, producing clean products from waste and cutting greenhouse gas emissions, if it put as much effort into addressing climate change as it puts into the America’s Cup yacht race, says the Bioenergy Association.
EDITORIAL: What this $14 billion figure is all about
25 May 2017
The $14.2 billion being bandied about this week as the cost of New Zealand's Paris Agreement pledge is not solely attributable to the purchase of international carbon credits.
Buying Euro credits would pay off, says trader
24 May 2017
New Zealand should hedge its international carbon risk by buying European carbon units, a broker says.
Free credits cost taxpayers almost $1.7 billion
16 May 2017
Free carbon credits for trade-exposed heavy emitters have cost taxpayers nearly $1.7 billion.
Foresters want carbon price range and ETS promise
11 May 2017
A price range for carbon and a promise that changes to the Emissions Trading Scheme will be backdated would get landowners planting carbon-sequestering trees now, says the Forest Owners’ Association.
Officials look at pricing of agricultural emissions
4 May 2017
Officials are investigating whether a price should be put on agricultural greenhouse gas emissions, despite the issue being specifically excluded from the current review of the Emissions Trading Scheme.
Government acts on decarbonising the economy
3 May 2017
The Productivity Commission is to investigate the cost of decarbonising New Zealand’s economy.
FACE THE FACTS: The Government has done little
28 Apr 2017
Two major reports on climate change – one on the likely impacts on New Zealand, the other on ways the country can cut emissions – were released a year ago by the country’s top scientific body, the Royal Society. Energy expert RALPH SIMS, who chaired the report committee, reflects on progress.
Native forests have potential to earn millions
26 Apr 2017
Landowners with 10,000 hectares of native forest could earn $1.5 million a year in carbon credits, a new report says.
Food carts get taste of solar
21 Apr 2017
New York’s thousands of food carts are generating carbon credits.
Bennett rules out farming and climate commission
18 Apr 2017
Climate minister Paula Bennett says carbon prices need to go higher, but she won’t be putting a price on agricultural emissions and she doesn’t think New Zealand needs a climate commission.
Most industrial emitters meet returns deadline
11 Apr 2017
Most industrial emitters got their 2016 returns in on time.
Carbon price fall springs $100m surprise
7 Apr 2017
A fall in the price of carbon has left the Government with a smaller-than-expected liability on its books.
SIMON UPTON: Credits, caps and cross-party deals
3 Apr 2017
The man likely to be the next Parliamentary Commissioner for the Environment says there might not be enough international carbon credits available to meet New Zealand’s Paris Agreement targets.
Officials have mid-year date with ETS changes
30 Mar 2017
Officials will report to the Government in the middle of the year on the next round of changes to the Emissions Trading Scheme.
Farmers join in as landowners return to planting
29 Mar 2017
Landowners are planting forests again – and farmers looking to offset emissions appear to be among them.
NET-ZERO REPORT: We can do more, says bioenergy industry
24 Mar 2017
A cross-party report on how New Zealand can get to net-zero emissions in the second half of the century ignores some immediate opportunities, the Bioenergy Association says.
Morganists want new approach to controls on farming
10 Mar 2017
The Opportunities Party would put a cap on New Zealand’s greenhouse gas emissions, get rid of the $25 carbon price cap and free credits for heavy emitters and bring some agricultural emissions into the Emissions Trading Scheme.
The Opportunities Party wants us carbon neutral by 2050
9 Mar 2017
Pressure is mounting for New Zealand to make deep emissions cuts by the second half of the century, despite the country’s official target being to only halve emissions by 2050.
Farmers want action on land use and tree planting
23 Feb 2017
Farmers want research into alternative land uses to help them to cope with climate change, and greater incentives to plant carbon-storing trees on their farms.
Inaction means public could lose faith in climate leaders
17 Feb 2017
New Zealand’s “limited and largely ineffectual actions” on climate change risk undermining public confidence in our policy makers, say the authors of the latest Public Perceptions of the Environment report to be released today.
Forest bonds seen as way for long-term green investment
10 Feb 2017
A world-leading environmental impact bond scheme could channel substantial private investment into planting vast areas of native and exotic forests in New Zealand.
Relying on foreign credits dangerous, say officials
9 Feb 2017
New Zealand cannot rely on international carbon credits to meet its emissions reductions targets after 2030, officials have told the Government, warning that credits could be expensive and in short supply.
Include farming in ETS, says former climate envoy
3 Feb 2017
Our former climate ambassador says that agriculture should be brought into the Emissions Trading Scheme – even if it is treated differently.
Linking carbon market would be a clever move
1 Feb 2017
New Zealand could cut the cost of meeting its international emissions reductions targets by linking its carbon market to emerging markets in Asia.
Credits in private accounts worth $2.1 billion
27 Jan 2017
Carbon credits sitting in private accounts are a $2.1 billion liability to the Government.
Deadline looms for say on energy strategy
25 Jan 2017
Anyone with a view on how New Zealand should manage energy production and use has just under two weeks left to have a say.
Bennett stands alone in climate change portfolio
19 Dec 2016
The climate portfolio is now held by the deputy prime minister – the highest ranking it has ever had in New Zealand.
New emissions reduction plan business as usual
15 Dec 2016
The Government’s plan to cut the emissions intensity from industrial heat generation by 1 per cent a year is just business as usual, and will do little to achieve New Zealand’s Paris Agreement commitment.
Govt targets industrial sector in new energy strategy
13 Dec 2016
The Government has unveiled plans to cut the emissions intensity of the country’s industrial sector by 1 per cent a year.
NZ goes shopping for Paris pact carbon credits
25 Nov 2016
New Zealand has started talking to countries about supplying carbon credits to help to meet its Paris Agreement emissions reduction pledge.
It's going well, says PM, as we pick up another fossil award
18 Nov 2016
The Prime Minister says the Emissions Trading Scheme is operating “pretty well”.
NZ eyes buying 80% international credits to meet target
17 Nov 2016
New Zealand might buy international carbon credits to meet 80 per cent of its Paris Agreement emissions reduction commitment, a Government paper shows.
MARRAKECH MESSAGE: We've got enough clean credits
16 Nov 2016
New Zealand is likely to use 38.1 million tonnes of its surplus carbon credits to meet its next emissions reduction target and will not need access to international markets, climate change talks in Morocco have heard.
DODGY CREDITS: What does Treasury really think?
15 Nov 2016
Treasury’s opinion on whether New Zealand should retire more carbon credits to make up for the “dodgy” units it surrendered to meet it first emissions reduction pledge remains tantalisingly out of sight.
We might be better than we think at absorbing carbon
9 Nov 2016
New research reveals that the ability of New Zealand’s land biosphere to absorb carbon could be 50 per cent more than currently estimated.
Hopes rise for solution to forest-split problem
7 Nov 2016
The door is slightly open for the Government to reconsider the contentious pre-1990/post-1989 forestry split under the Emissions Trading Scheme.
Morgan's party will stand firm on climate
7 Nov 2016
Gareth Morgan’s new political party will have a strong focus on climate.
You can't do it alone, bioenergy body hears
2 Nov 2016
No country has made the move to low-carbon bioenergy without strong governmental support, the New Zealand Bioenergy Association has been told.
Rural capital gains tax could work, says report
31 Oct 2016
A capital gains tax on rural land and letting farmers sell future carbon credits when they plant trees could help New Zealand to cut agricultural emissions, a new paper says.
$2.5b carbon bill hanging over heads of Treelords iwi
27 Oct 2016
The Maori owners of land under the Southern Hemisphere’s largest plantation forest face a potential carbon liability of nearly $2.5 billion – yet have received credits for just a fraction of the carbon stored in the trees.
Millions worth of free credits sit in private accounts
20 Oct 2016
Non-forestry carbon credits worth more than $350 million – many of them given by taxpayers to large industrial emitters – are sitting in private carbon accounts.
WATCHDOG WISHLIST: How we can ease farm emissions
19 Oct 2016
Vast increases in native and exotic forests, bringing nitrogen fertiliser and some large farms into the Emissions Trading Scheme, and fast-tracking development of a methane vaccine.
Paris promises could cost country $70 billion
18 Oct 2016
MEETING New Zealand’s Paris pledge could cost more than $70 billion and see carbon hit $300 a tonne if the country doesn’t have access to international carbon markets.
Australian businesses keen to join global carbon trade
18 Oct 2016
AUSTRALIA'S conservative government might have ditched the country’s emissions trading scheme, but businesses across the Tasman still want to get involved in international carbon trading, a survey shows.
‘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.
