Topics tagged with 'Carbon Credits'
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.
Seaweed could cut methane emissions from cows
14 Oct 2016
When Canadian farmer Joe Dorgan noticed about 11 years ago that cattle in a paddock by the sea were more productive than his other cows, he didn't just rediscover an Ancient Greek and Icelandic practice.
Minister hints at setting minimum carbon price
12 Oct 2016
New Zealand could impose a minimum price on carbon.
Bennett in no rush to surrender extra credits
11 Oct 2016
The Government will not surrender extra carbon credits to cover the environmentally worthless credits New Zealand used to meet its first emissions reduction target – at least not yet.
Opposition slams Government carbon credits plan
6 Oct 2016
New Zealand’s plans to buy its way out of emissions reductions run foul of the United Nations’ Framework Convention on Climate Change, Opposition parties say.
Voluntary actions have role, says carbon certifier
27 Sep 2016
Voluntary carbon credits can help to meet New Zealand’s Paris Agreement target, Parliament has been told.
Why NZ doesn't need foreign carbon credits
26 Sep 2016
New Zealand could meet its Paris Agreement pledge without using foreign carbon credits and develop a $6 billion industry at the same time, says the Bioenergy Association.
PARIS PACT: Morganists say NZ must sell units
23 Sep 2016
The Government must cancel all surplus carbon units it’s sitting on in 2020 as part of ratifying the Paris Agreement, says the group that wrote the Climate Cheats report.
Ukraine ratifies Paris Agreement
21 Sep 2016
Ukraine – the source of many of the low-value carbon credits that have so embarrassed the New Zealand Government – is the latest country to ratify the Paris Agreement.
Will the planet really profit from natural capital?
19 Sep 2016
What is natural capital and why use it to refer to nature?
Gas emissions (the reported kind) take a dive
16 Sep 2016
New Zealand’s reported greenhouse gas emissions have fallen drastically.
Agriculture emissions continue to grow
16 Sep 2016
New Zealand’s greenhouse gas emissions from agriculture continue to climb.
Taxpayers gift $80m to industrial emitters
13 Sep 2016
Taxpayers have this year given industrial emitters of greenhouse gases free carbon credits worth more than $80 million on today’s market – and soon they’ll be getting twice as many.
Media round-up
Thu 9 Jul 2026
In our round-up of climate coverage in local media: The Government re-wrote fast-track law after mining companies pushed for change; costs from inland flooding are expected to rise by up to 53% by 2075; and is there such a thing as a sustainable tourist?
Hurunui to notify climate solution plan change
Thu 9 Jul 2026
By David Hill, Local Democracy Reporter | A North Canterbury council is looking to progress "a uniquely Hurunui solution’’ to sea level rise.
$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.
‘They want to destroy Corsia’: Brussels takes aim again at airline emissions
2 Jul 2026
The European Commission is planning to shoot down the International Civil Aviation Organisation’s (ICAO) largely voluntary decarbonisation scheme, CORSIA, when it presents plans to overhaul the EU’s carbon pricing system, sources suggest.
Biodiversity credit markets need stronger safeguards – report
Wed 8 Jul 2026
By Shannon Morris-Williams | Emerging biodiversity credit markets need stronger government safeguards and public investment if they are to deliver lasting conservation benefits, according to a new report.
Inaction on shipping decarbonisation could cost NZ up to $94b by 2050, report says
30 Jun 2026
By Oli Lewis | Failing to support and enable the decarbonisation of the shipping industry could result in losses of $17.5 billion to $94.4b to the New Zealand economy by 2050, according to a report from the Aotearoa Circle.
Low-cost loans for solar panels could save households hundreds on bills – thinktanks
Thu 9 Jul 2026
Millions of UK households could save hundreds of pounds a year on their energy bills if the government were to approve low-cost loans for solar panel installation, research has found.
Emissions Trading Scheme ‘stockpile’ shrinking
Thu 9 Jul 2026
By Liz Kivi | The “stockpile” of NZUs in private accounts continues to shrink, with the latest Environmental Protection Authority figures showing the number has dropped by 9.5 million since this time last year.
China's coal power on the rise again in 2026, reversing first-in-a-decade decline
25 Jun 2026
China's coal-fired power generation is set to rebound this year from its first fall in a decade, analysts said, due to the impact of El Nino and the Iran war and as renewable sources of energy have failed to keep pace with demand.
Politicians need to lead on climate: Carr
30 Jun 2026
As the election campaign heats up, former Climate Change Commission chair Rod Carr has a list of actions he's hoping to see from our aspiring leaders, which includes confronting climate denial as well as refusing funds or policy advice from vested interests.
Green building council calls for clean energy policies
18 May 2026
The New Zealand Green Building Council has released its 2026 election manifesto calling for policies to reduce energy waste in buildings, lower household and business energy costs, and improve New Zealand’s energy security.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
21 Apr 2026
Hungary has played a disproportionate role in EU climate and energy policy in recent years, by repeatedly vetoing climate action and by delaying the phaseout of Russian fossil-fuel imports.
Carbon markets and biochar: a golden opportunity for NZ?
1 Jul 2026
By John O’Brien | COMMENT: New Zealand’s abundant and increasing forestry waste could become a multi-billion dollar opportunity for biochar carbon sequestration – as long as the right policies, programmes, and incentives are in place.
'Get on with it': Greens push for pre-election solar law
Thu 9 Jul 2026
By Shannon Morris-Williams | The Green Party is calling on Parliament to pass legislation enabling low-cost household solar finance before the election, arguing there is now cross-party support following Labour's SolarSaver announcement and National's earlier Home Energy Fund pledge.
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.
Europe may face 'more deadly weeks' as new heatwave builds, WHO warns
Thu 9 Jul 2026
The World Health Organization warned Europe could face “more deadly weeks” ahead, with another intense heatwave forming over the Atlantic.
Tarakihi on verge of extinction: Stock collapse exposes major fisheries management failings
3 Jul 2026
Media release: Environmental Defence Society | Fisheries NZ is consulting on new sustainability measures for the country’s two tarakihi stocks.
Seymour ‘imploring’ council to go easy on foresters is abuse of authority: EDS
Tue 7 Jul 2026
By Liz Kivi | The Environmental Defence Society says that Regulation Minister David Seymour’s attempt to influence Gisborne District Council to ‘go easy’ on forestry companies in enforcing environmental laws is a clear abuse of ministerial authority.
Fifth new petroleum application targets Taranaki
Wed 8 Jul 2026
Media release: New Zealand Government | An application targeting frontier deepwater in the Taranaki Basin marks the fifth permit application to prospect or explore for petroleum since the removal of the exploration ban, Resources Minister Shane Jones says.
'Electric election': Labour promises $160m SolarSaver scheme funded by gas investment cuts
Wed 8 Jul 2026
By Oli Lewis | Labour is promising to reprioritise $160 million from the Gas Security Fund to pay for its new SolarSaver policy, designed to accelerate the roll-out of household solar.
Contact: Protected geothermal fields must be opened to meet 2040 goal
Mon 6 Jul 2026
By Oli Lewis | A goal to double geothermal energy generation by 2040 using existing technologies is unachievable unless some protected fields are reclassified for development, Contact Energy says.
How will the World Bank’s abandoned finance goal affect climate action?
Tue 7 Jul 2026
The World Bank has abandoned a target for 45% of the funding it gives developing countries to be “climate finance”, following months of pressure from the Trump administration in the US.
Conservation bill risks climate goals, lawyers say
1 Jul 2026
By Shannon Morris-Williams | Lawyers for Climate Action NZ says the Government's plan to change the law to encourage economic development on conservation land could undermine New Zealand's climate goals by weakening the land's ability to store carbon, as well as allowing new sources of emissions such as mining.
Govt climate claims don't match reality, lawyers say
17 Jun 2026
By Shannon Morris-Williams | Lawyers for Climate Action has accused the Government of presenting an overly positive picture of New Zealand's climate progress at the United Nations climate summit in Bonn, arguing key claims on emissions reductions and support for the Paris Agreement's 1.5°C goal are not reflected in domestic policy.
Lake Onslow pumped hydro consortium secures funding for consent push
26 Jun 2026
By Oli Lewis | The consortium behind Lake Onslow pumped hydro has secured funding to finalise its resource consent application, aiming to lodge it under the fast-track process before 2027.
Ballance secures gas for 2026 as it progresses energy transition plan
16 Jun 2026
By Oli Lewis | One of the largest industrial gas users in New Zealand is working on an energy transition plan to futureproof domestic fertiliser manufacturing, while continuing to secure ongoing gas supply contracts.
Confidence in tackling climate risks remains low
3 Jul 2026
By Shannon Morris-Williams | New Zealanders have little faith in the country's ability to tackle climate risks, with a new poll finding fewer than one in three are confident the country can reduce the impacts of climate change, while many are calling for stronger Government leadership on climate hazards.
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.
Ugandan farmers launch UK court case against East African oil pipeline
Thu 9 Jul 2026
Four Ugandan farmers filed a case with London’s High Court aiming to stop the East African Crude Oil Pipeline from starting to operate by asking the court to apply Uganda’s laws against the project’s UK-registered company.
Commissioner ‘unconvinced’ LNG is the best dry-year solution
26 Jun 2026
By Liz Kivi | The Parliamentary Commissioner for the Environment has told the Energy Minister he is “unconvinced” the government’s proposed LNG import terminal is the best ‘dry year’ solution for the country, and criticised the Government’s “extremely limited” options analysis.
Govt backs hydrogen with national industry summit
Thu 9 Jul 2026
By Oli Lewis | The Government is convening a major hydrogen conference to promote awareness and uptake of the alternative fuel.
Climate risks could reshape business finances, new guidance warns
15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
UN chief says fossil fuel industry must cut methane for warming “relief”
25 Jun 2026
UN chief António Guterres called for stronger action to cut emissions of planet-heating methane, taking aim at the fossil fuel industry’s practices and profits, and pointing to coal, oil and gas as the root of today’s climate and energy crises.
Swarbrick slams $50m critical minerals funding as 'Trump's war machine' subsidy
Tue 7 Jul 2026
By Shannon Morris-Williams | The Green Party has criticised the Government's investment into two West Coast critical minerals projects, claiming the funding could ultimately support the United States defence industry rather than New Zealand's clean energy transition, while Shane Jones dismissed opponents as "flat earth idiots".
'Extreme' marine heatwave expected for parts of UK
Thu 9 Jul 2026
A marine heatwave could reach "extreme" levels around parts of the UK later this week, according to the Met Office, raising concerns for marine life.
Carbon capture and the need for ‘net zero oil’
16 Jun 2026
By Pattrick Smellie | The answer to making carbon capture and storage work is to make fossil fuel producers responsible for making it happen rather than consumers, says Oxford University climate change policy expert, Professor Myles Allen.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
UN plastics pact talks restart amid fears production curbs will be left out
2 Jul 2026
Diplomats reconvene a year after negotiations collapsed, but campaigners fear the agenda risks burying tricky discussions on key elements.
Energy Minister completes overhaul of EECA board
Wed 8 Jul 2026
By Oli Lewis | The board of the Energy Efficiency & Conservation Authority (EECA) has been completely overhauled since the last election, with Energy Minister Simeon Brown responsible for all six appointments.
Northern Thai residents march for action on polluted rivers. ‘This is an emergency’
9 Jun 2026
More than 600 residents of Chiang Mai and Chiang Rai provinces embarked May 31 on a roughly 68-kilometer, six-day ‘peace walk’ to demand the Thai government take action on the river pollution crisis that has seen Thai rivers polluted with heavy metals.
US defence spending on critical minerals surges in the last decade
22 Jun 2026
Members of communities affected by some of these projects said that U.S. state backing has meant projects are being fast-tracked without the necessary social and environmental checks or meaningful consultation.
Fast-track panel backs proposed Haldon Solar Farm
Mon 6 Jul 2026
By Shannon Morris-Williams | The proposed Haldon Solar Farm in the Mackenzie Basin has moved to the final stages of the Fast-track Approvals Act process after the Fast-track Panel proposed granting approval for the project.
Faster consenting, harder trade-offs
Tue 7 Jul 2026
Faster consenting is starting to produce results, but this week's decisions show speed has not removed the harder trade-offs around electricity security, conservation, ecology and climate liability.
Upton warns of 'expensive mess' if catchments carved up
1 Jul 2026
The Parliamentary Commissioner for the Environment has warned the Government risks creating an "expensive mess" if it abolishes regional councils without first deciding which environmental functions must still be managed at catchment or regional scale.
Experts sound alarm over escalating climate impacts
Wed 8 Jul 2026
By Shannon Morris-Williams | Scientists are warning climate impacts are accelerating across our region after a World Meteorological Organization report found last year was the South-West Pacific's second-warmest on record, with impacts including rising seas, marine heatwaves and extreme weather.
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.
Lack of finance stalling sustainable innovation – report
12 Jun 2026
By Shannon Morris-Williams | A lack of access to suitable finance is threatening growth in New Zealand's sustainable innovation sector, despite strong confidence and ambitious expansion plans among purpose-driven businesses, according to a new report.
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.
Weakening Clean Car Standard would hurt EV uptake, industry warns
Tue 7 Jul 2026
By Shannon Morris-Williams | Electric vehicle advocates say weakening the Clean Car Standard would reduce access to new EV models, undermining New Zealand's place in global supply chains and slowing the country's transition to lower-emissions transport.
‘Those blocking climate science are not our friends': Pacific leaders warn at Bonn talks
23 Jun 2026
Pacific nations and civil society groups have united at UN climate talks, pushing back against efforts to weaken agreed language on global temperature limits as negotiations continue behind closed doors.
Next Govt must restart action on plastic pollution
1 Jul 2026
Media release - Zero Waste Aotearoa | Plastic Free July begins with an urgent call to put plastic pollution back on the political agenda. Plastic Free July is a worldwide campaign to reduce plastic waste and eliminate single use plastics.
Greens announce water policy, including nitrogen fertiliser phase-out
Tue 7 Jul 2026
By Liz Kivi | The Green Party announced its water policy yesterday, promising to phase out synthetic nitrogen fertiliser, as well as destructive fishing methods, if the party is elected in November.
Tourist spots across Europe hit by wildfires as Greece warns of toxic smoke
Wed 8 Jul 2026
Wildfires are raging across holiday spots across Europe, with hundreds of firefighters battling blazes in Portugal, Greece, and Spain. International reinforcements have been sent to Portugal, where a massive fire has been burning for over three days.
Taranaki offshore wind developer eyes mid-2030s commissioning after law change
3 Jul 2026
By Oli Lewis | The first offshore wind farm in New Zealand could be commissioned by the mid-2030s, with its developer saying a new permitting framework has bolstered investor confidence.
