Topics tagged with 'Carbon Credits'
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.
Dodgy dealing cost us dearly, says Asia expert
30 Aug 2016
Using dodgy carbon credits has damaged New Zealand’s chances of becoming an Asian carbon trading hub, says an expert on doing business in South-East Asia.
Why we should aim for a million electric vehicles
22 Aug 2016
Replacing a million fossil fuel-driven cars with electric vehicles would cut New Zealand’s greenhouse gas emissions by more than 20 per cent in the crucial 2021-2030 period, officials say.
NZ looks for carbon credit trading friends
19 Aug 2016
New Zealand is stepping up the hunt for sources of quality carbon credits to help to meet its international emissions reduction targets.
Bennett rules out parties' two key climate points
18 Aug 2016
Carbon budgeting and a climate commission are not on the table for cross-party talks on climate change.
Keep us out of the ETS, pleads steel industry
12 Aug 2016
New Zealand Steel wants the steel industry excluded from the Emissions Trading Scheme, saying that rising carbon prices are putting the industry at risk.
Carbon-farming case lawyer under investigation
11 Aug 2016
A lawyer who advised a carbon-farming company that was later prosecuted by the Overseas Investment Office is under investigation over the affair.
Anxious farmers keen to keep carbon subsidies
10 Aug 2016
Farmers – already exempt from liability for the majority of greenhouse gas emissions from their businesses – urged the Government to keep other subsidies in place to further protect them from carbon pricing.
Nation needs emissions targets, says banker
9 Aug 2016
New Zealand should be setting annual emissions targets, says Westpac
Trees clear winner as carbon farmer cashes in
5 Aug 2016
Carbon credits have netted a dairy farmer more than he could have ever made from running livestock on his Taranaki hill country.
Businesses call for ETS policy certainty
4 Aug 2016
Calls for cross-party policy on climate change, and complaints about “continual and ad-hoc” changes to the Emissions Trading Scheme dominated comments on the first stage of the latest review of the scheme.
Industries fought to keep 1:2 carbon subsidy
2 Aug 2016
The waste, stationary energy, industrial processing and agricultural sectors mounted the biggest opposition to getting rid of the one-for-two carbon subsidy.
How right price, right credits would suit farmers
29 Jul 2016
A carbon price of $25 and a 50 per cent allocation of free credits would make the Emissions Trading Scheme viable for some farmers, a new report shows.
Pest-free state could help to control climate changes
26 Jul 2016
The Government’s mission to make New Zealand predator-free by 2050 could have a positive spin-off for the battle against a warming climate.
AGS forests will bank million tonnes of carbon
25 Jul 2016
Forests planted under the revived Afforestation Grant Scheme this year are expected to store 1.3 million tonnes of carbon.
Our forests key to the future, say scientists
22 Jul 2016
Heavy-emitting businesses could be buying more than $500 million worth of forestry credits a year by 2025, says the Crown Research Institute Scion.
How farmers, big emitters blow our carbon budget
20 Jul 2016
More than 90 per cent of New Zealand’s carbon budget for the 2020s will be spent on subsidising agriculture and trade-exposed heavy emitters, government estimates show.
Subsidy loss will cost dairy farmers a 'low' $4588
15 Jul 2016
Removal of the one-for-two carbon subsidy will cost dairy farmers $4588 and households between $66 and $99 - costs that Climate Change Minister Paula Bennett says are “relatively low”.
Firms made closure threats over 1:2 subsidy change
15 Jul 2016
Four companies threatened to close if the Government removed the one-for-two carbon subsidy.
Forester urges Govt to remove carbon market risks
12 Jul 2016
New Zealand will not get forestry investment on the scale needed to tackle climate change unless it cuts risk associated with the carbon market, says a company that planted 6500 hectares of carbon forests in the heyday of the Emissions Trading Scheme.
ETS changes you might not know about ...
4 Jul 2016
The public attention might be on the Government’s review of the Emissions Trading Scheme. But behind the headlines other, quiet, changes are being made.
New Zealanders losing ambition on climate change: Ipsos
Wed 20 May 2026
By Pattrick Smellie | New Zealanders’ belief that their government has a plan to combat climate change has taken another serious hit in the latest poll of 31 countries by global research firm Ipsos.
NZ Govt’s move to halt climate litigation under international scrutiny
Tue 19 May 2026
By Liz Kivi | Local and international NGOs have signed an open letter calling on the Government to reconsider its decision to shield major emitters from legal liability for climate-related harm.
$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.
Europe has 'maybe six weeks of jet fuel left', energy boss warns
20 Apr 2026
Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week.
Govt unveils long-awaited voluntary carbon market guidance
Fri 15 May 2026
By Shannon Morris-Williams | The Government has released long-awaited guidance for New Zealand’s voluntary carbon and nature markets, as questions continue for the sector despite ministers signalling support for its growth.
Biomass sector asks: where did the love go?
Mon 18 May 2026
By Pattrick Smellie | New Zealand has sufficient biomass in its plantation forests to replace natural gas for industrial process heat at lower costs than electrification, but is failing to get the attention it deserves, sector leaders say.
Māori climate risk worsened by colonisation, report finds
Wed 20 May 2026
A sweeping national climate assessment argues that exclusion from decision-making has amplified Indigenous vulnerability to floods, storms, and erosion.
Carbon News updates forward curve
13 May 2026
Carbon News has updated its ten-year NZU forward curve, following a recent rise in spot market prices, with NZUs rallying from about $34 in January to nearly $54 in early May.
Hipkins pans LNG plan as ‘massive step backwards’
Tue 19 May 2026
By Liz Kivi | Labour leader Chris Hipkins has told a Queenstown audience that a Government he leads would not proceed with a planned LNG import terminal, if elected at November’s election.
Tairāwhiti deserves better than weakened forestry rules
5 May 2026
OPINION: The government's proposed amendments to forestry standards, released yesterday, ignore the hard lessons learned in our region and ignore the voices that have fought hardest to protect it, writes Manu Caddie.
Green building council calls for clean energy policies
Mon 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.
Conservation land open for voluntary carbon market schemes
12 May 2026
By Pattrick Smellie | The government is to open up the Crown-owned conservation estate to private investment in voluntary carbon market projects.
NZ energy leaders heading to Hawke’s Bay for business energy summit
Wed 20 May 2026
Media release: Hawkes Bay Chamber of Commerce | Some of New Zealand’s most senior energy sector leaders are heading to Hawke’s Bay next month for a business summit focused on the energy transition and what it means for regional industry.
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.
Future big droughts may be worse than we think – NZ’s past shows why
Mon 18 May 2026
By Adam Brown, University of Waikato; Dave Frame, University of Canterbury, and Luke Harrington, University of Waikato | For an agricultural nation like New Zealand, severe drought is one of the most ominous consequences of a warming planet.
EDS urges MPs to scrap the Fisheries Amendment Bill
5 May 2026
Media release | The Environmental Defence Society today lodged a substantive submission on the Fisheries Amendment Bill.
Govt presses ahead with forestry rule changes despite opposition
14 May 2026
By Shannon Morris-Williams | The Government is pushing ahead with changes to commercial forestry rules despite most submitters opposing the proposals, with critics warning the reforms will weaken councils’ ability to manage erosion and forestry slash risks in vulnerable regions such as Tairāwhiti.
Iran war pushes Portugal to halve fossil fuel use over next 10 years
Wed 20 May 2026
Lisbon fast-tracks plans after the Iran war caused oil and gas costs to soar, Energy Minister Maria da Graça Carvalho tells POLITICO.
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.”
New funding for low methane farming uptake
29 Apr 2026
By Pattrick Smellie | The government will co-fund projects under an Early Adoption Accelerator scheme announced today to accelerate the uptake of low emissions farming technologies emerging from the AgriZero public-private partnership.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
Fri 15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
Why ‘greenhushing’ signals deeper issues with NZ’s climate risk reporting regime
Fri 15 May 2026
By Hang Pham, Te Herenga Waka — Victoria University of Wellington | Most of us are familiar with the concept of greenwashing: organisations exaggerating or overstating their environmental credentials. But in New Zealand, there are signs the country’s climate disclosure regime may inadvertently be driving a very different trend: not saying much at all.
‘Formidable’ El Niño expected this winter
29 Apr 2026
By Liz Kivi | Meteorologists are anticipating a significant El Niño influence on weather patterns across the country from winter onwards, with predicted lower rainfall for some areas and heavier rain for others likely to impact multiple sectors of the economy as well as the carbon market.
Victorian Hydrogen announces Southland urea fertiliser project using coal
22 Apr 2026
By Liz Kivi | Australian-based Victorian Hydrogen has announced it is developing a new 1.5 million-tonne-a-year urea fertiliser operation in Southland, which it will apply for under fast-track legislation.
Media round-up
24 Apr 2026
In our round-up of climate coverage in local media: What is the real cost of storm-hit infrastructure? Urgency is needed over climate adaptation funding; and a community conservation group has won a legal victory against multinational mining company OceanaGold.
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.
Labour condemns Govt plan to stop climate litigation
Fri 15 May 2026
By Liz Kivi | The Labour Party has slammed the Government’s move to block climate lawsuits against big emitters but won’t say if they would repeal the legislation if elected in November.
GIDI-style help cheaper than LNG: MBIE
11 May 2026
By Pattrick Smellie | Officials advised ministers last July that the lowest-cost way to free up gas for use during dry winters was to assist industrial gas users to switch to electricity.
Govt missing tricks to save fuel in crisis
30 Apr 2026
By Shannon Morris-Williams | The Government is being urged to shift its response to the fuel crisis away from short-term relief and towards measures that reduce demand, with public health experts warning it is missing an opportunity to boost energy security and lower household costs.
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.
Move to block lawsuits could strengthen climate case against Govt
14 May 2026
By Liz Kivi | The Government’s plan to block climate lawsuits – while potentially fatal for one groundbreaking climate case – could actually bolster claims in another live climate case underway against the Government.
Coal mine challenge reaches Aus High Court
13 May 2026
What climate change impacts should a planning authority have to take into account when assessing a mining project?
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.
Pacific voice on climate at the UN
Wed 20 May 2026
A New Zealand-based researcher has told a United Nations forum that rising sea levels are already reshaping life across the Pacific and climate change is causing irreversible impacts on water supplies, food security and cultural identity.
Environmental groups sue Trump administration over approval of new ultra deep-water drilling project
23 Apr 2026
Environmental groups sued the Trump administration on Monday over its approval last month of oil company BP’s ultra deep-water drilling project in the Gulf of Mexico.
Opposition slams environment ministry merger
13 May 2026
By Shannon Morris-Williams | Opposition MPs accused the Government of downgrading climate and environmental protections as legislation to abolish the Ministry for the Environment and merge it into a new mega-ministry passed its second reading in Parliament.
Commission urges Govt action on climate risks
7 May 2026
By Liz Kivi | Climate change currently poses major risks to our water infrastructure with “significant gaps” in readiness to manage risks and increasing hazards, according to the Climate Change Commission.
ESG funds include petrochemical companies, report finds
5 May 2026
Global banks have invested US$133bn into US petrochemical expansion, even as the industry is linked to climate change.
NZTA rejects covering $145m of Wellington public transport projects
Wed 20 May 2026
By Justin Wong, Local Democracy Reporter | More than $145 million of Wellington public transport projects - including new bus spines along the harbour quays and the redevelopment of ageing Waterloo station - never made it into the Government’s $32.9 billion national land transport plan.
Thousands protest in Germany urging faster shift to renewable energy, amid Iran war
20 Apr 2026
Thousands of people demonstrated across Germany on April 18, urging a faster shift to renewable energy and accusing conservative Chancellor Friedrich Merz’s coalition of putting the brakes on the transition.
Green Party calls for national electrification plan
20 Apr 2026
By Liz Kivi | The Green Party is calling for a national plan to electrify homes, transport and industry using renewable energy, to reduce fossil fuel dependence in response to the Middle East crisis.
China widens its clean energy lead
Mon 18 May 2026
Chinese companies account for more than half of global investments in clean energy manufacturing since 2019, while new U.S. investments declined last year.
‘Landmark’ conservation reform bill – boost or bust for nature?
8 May 2026
By Liz Kivi | The Government has announced an overhaul of the country’s conservation system, which environmental organisation Forest & Bird says will undo the work of many generations of Kiwis to protect public conservation land.
Combined climate extremes may prompt carbon budget rethink
14 May 2026
Media release: Springer Nature | Combined extreme climate events are likely to become more common in the future if carbon emissions continue to rise, a paper in Nature suggests.
Media round-up
Fri 15 May 2026
In our round-up of climate coverage in local media: The government's move to change climate law removes a key protection for NZ citizens, farmers should be paid to use methane-busting tools, and it's one step forward, three steps back on environment policy.
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.
Why both trees and technology are important in the race to mitigate carbon emissions
4 May 2026
Different carbon‑removal approaches solve different problems, and pitting these technologies against each other could slow progress.
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.
UN members prepare for pivotal vote on landmark ICJ climate justice ruling
Fri 15 May 2026
If the resolution is passed, governments will recognise their legal responsibility to cut greenhouse gas emissions.
NZ First moves to revive container return scheme
4 May 2026
By Shannon Morris-Williams | NZ First is aiming to launch a national container return scheme, which could recycle over a billion wasted containers each year, reviving a policy shelved by the previous Labour-led Government in 2023.
Greens condemn planned coal mine next to protected wetland
4 May 2026
By Liz Kivi | The Green Party says a new plan for a coal mine and fertiliser plant next to an internationally significant wetland is “ecological vandalism and climate denial.”
Why is Northern Ireland facing a growing threat from wildfires?
7 May 2026
Figures show that spring drought events are happening more often while there has been a sharp rise in "fire weather" - a mix of warmth, dryness, and wind that allows fires to ignite and spread rapidly. Experts warn this combination, along with climate change, is creating a longer and more volatile wildfire season.
Trump has hindered offshore wind while China and other countries invest heavily
Mon 18 May 2026
President Donald Trump is stopping offshore wind projects in the United States, just as the industry was poised to grow significantly.
