Topics tagged with 'Carbon Credits'
Carbon changes face of forest economics, says scientist
12 Feb 2010
Factoring carbon into forest finances dramatically alters economic viability, according to research by one of the founders of the emissions trading scheme.
Personal carbon credit deal earns couple $17
12 Feb 2010
A Pennsylvania couple who invested $58,000 in solar panels have earned the world's first carbon credit for reducing personal emissions … and are $17.20 better off.
March 4-5: Carbon and biofuels key to future forest finance
12 Feb 2010
Financing future forestry growth is the focus for a new forestry conference on in Auckland next month.
City forester trebles profits with sale of credits
5 Feb 2010
A forestry company has sold Kyoto carbon credits for three times the amount of its 2009 profit.
Mighty River wants more after Maori carbon deal
5 Feb 2010
Mighty River Power is looking for carbon deals with more land owners after signing an historic agreement with a Maori incorporation.
Aussie hotel wins carboNZero certification
5 Feb 2010
Australia's first conservation-based luxury resort, Wolgan Valley Resort & Spa, is the first hotel in the world to achieve carbon neutral certification from an internationally accredited greenhouse gas certification scheme.
No submissions as allocations deadline looms
29 Jan 2010
No submissions have been made on the crucial regulations governing the allocation of free carbon credits to trade-exposed industries.
Credit-rich foresters out looking for buyers
22 Jan 2010
Forest owners are moving to sell last year’s carbon credits as NZUs start to flow into owners’ accounts.
Europe emerges as main buyer of NZ carbon credits
22 Jan 2010
New Zealand sold more than 1.5 million Kyoto carbon credits offshore last year, and bought just over 400,000 from other countries.
Treasury gave thumbs down to ETS intensity-based scheme
18 Dec 2009
Treasury told the Government not to adopt an intensity-based scheme for the allocation of free carbon credits to heavy emitters.
UN suspends approval of China wind farms
4 Dec 2009
The UN body that oversees carbon credit trading has suspended approval of some Chinese wind farms amid questions about how Beijing obtains money through the system.
ETS: Forest owners say deal is unjust
27 Nov 2009
Forest owners say pre-1990 forests are likely to be worth next to nothing because of the ETS. Owners have been landed with the massive liabilities of being part of the scheme, but cant earn carbon credits.
Maori win ETS voice ... and trip to Copenhagen
23 Nov 2009
The Government has done a deal with the Maori Party over the emissions trading scheme that will see iwi consulted over the rules for the allocation of free carbon credits in agriculture and fishing, and taking a seat at the Copenhagen climate change talks.
Maori Party: Deal to benefit all
23 Nov 2009
New Zealand's role in global warming and its financial commitments are set to be lowered as a result of the afforestation provision the Maori Party has negotiated with the Government.
Oops! Treasury sums wrong by $50 billion
16 Nov 2009
Treasury underestimated by $50 billion the cost of proposed changes to the way in which the government hands out free carbon credits.
Dejected dairy giant plans next ETS move
16 Nov 2009
Dairy giant Fonterra is considering its next move after a parliamentary select committee failed to prevent measures that will exclude the co-operative’s processing from receiving free carbon credits.
Aussie agriculture backflip could be first of many
16 Nov 2009
The Australian government’s sudden backflip on agriculture yesterday could lead to even more concessions being made to try to get the country’s proposed emissions trading scheme through the Senate in the next couple of weeks.
Error sends cost of ETS changes skyrocketing
13 Nov 2009
The cost of changes to the emissions trading scheme might be up to three times as high as the Government has said.
Divided Maori Party likely to toe the line on ETS
13 Nov 2009
The Maori Party is deeply divided over changes to the emissions trading scheme – but is unlikely to split its vote on the issue.
Treasury says it hasn't got Kyoto accounts wrong
13 Nov 2009
Treasury is disputing a claim that it has failed to include liabilities for future forestry harvesting in New Zealand’s Kyoto accounts.
Carbon price must at least double, warns watchdog
13 Nov 2009
The International Energy Agency has warned that the price of carbon credits will have to more than double from the levels they now trade at in Europe to make high-tech solutions to climate change economically attractive.
Bio-fuel levy the last straw for forest owners
13 Nov 2009
A government decision to make big companies pay for some of their greenhouse gas emissions when using wood pellets and other biofuels is seen as the last straw by many in the forest industry.
Farmers might move offshore, warns Fonterra
6 Nov 2009
Fonterra is being cut out of free carbon credits under the Government's amended emissions trading scheme - and is warning the move could drive farmers offshore.
Campaigners call carbon markets corrupt
6 Nov 2009
The world's carbon trading markets’ growing complexity threatens another "sub-prime" style financial crisis that could again destabilise the global economy, campaigners have warned.
Europe faces oversupply of carbon credits
30 Oct 2009
A vast supply of pollution credits from abroad is threatening to overwhelm systems for capping and trading greenhouse gases, a senior European Union official has warned.
Sydney drags chain in Asian carbon-hub race
30 Oct 2009
Sydney might be the loser as Hong Kong, Beijing and Singapore gear up to be the Asian hub of carbon trading.
Hide hacks at ETS policy management – tied bill voting more likely
23 Oct 2009
Act party leader Rodney Hide says the process of establishing the ETS is “shot through with lobbying, unprincipled deal-making and divergent treatment of different economic activities”.
Farming opportunites huge, says recruiter
23 Oct 2009
Carbon reduction and carbon trading hold huge potential for farmers – if they can get beyond the rhetoric and see the opportunities, says an Australian consulting firm looking for staff in New Zealand.
Tourism could be climate victim, UN warns
23 Oct 2009
Rising sea levels could inundate coastal holiday spots while melting snow caps could spell an end to ski resorts, the UN World Tourism Organisation has warned.
Fishing carbon quota plan splits industry
16 Oct 2009
Government plans to give some $17 million worth of free carbon credits to quota holders, instead of to the owners of fishing boats as originally planned, has divided the fishing industry.
Oceans vital in climate change fight, says report
16 Oct 2009
Preventing the destruction of marine life, from plankton to seagrasses and mangrove forests, could help to offset between 3 per cent to 7 per cent of current fossil fuel emissions, a UN environment report says.
Airlines confident of reaching emission goals
16 Oct 2009
The airline industry will reach some ambitious emissions reductions goals, despite severe financial setbacks faced by airlines across the globe, says International Air Transport Association chief Giovanni Bisignani.
Smelter might suffer under Aussie rules
9 Oct 2009
New Zealand operations powered by renewable energy - like the Rio Tinto aluminium smelter at Bluff - could be disadvantaged by plans to calculate average emissions levels with Australia under a new intensity-based scheme.
G8 countries could face class actions on climate change
9 Oct 2009
The US and other G8 countries could face class actions on behalf of people in the developing world if they fail to take convincing steps to cut the emissions blamed for causing climate change, a lawyer has warned.
China eyes emission trading as part of economic plan
2 Oct 2009
China plans to include a pilot emissions trading system in its five-year plan for economic development from 2010-15, although it is unclear whether carbon dioxide would be covered.
IN THE HOUSE: Deal with Maori under scrutiny
18 Sep 2009
Questions over the deal between the National and Maori parties have dominated environmental debates in Parliament this week.
India, China could join the big league of traders
18 Sep 2009
India and China may join the league of carbon trading hot spots in a few years, along with Singapore, Sydney and Tokyo, that should soon make the grade, says a major international trader.
Smith: ETS revisions "balance" environment, economy
14 Sep 2009
The Government, with Maori Party support, will revise the Emissions Trading Scheme to reduce the costs to households and the impact on jobs while ensuring New Zealand takes a responsible approach to the global problem of greenhouse gas pollution and climate change.
Don't get caught without credits, businesses told
11 Sep 2009
New Zealand businesses are putting some of their most profitable operations at risk by failing to prepare for entry into the emissions trading scheme.
Personal trading not for us, say Greens
11 Sep 2009
A personal carbon trading regime being proposed for Britain is unlikely to work here, says Green Party climate change spokesperson Jeanette Fitzsimons.
EU plans fix to carbon tax fraud threat
11 Sep 2009
The European Commission will propose a temporary solution to the threat of tax fraud in the European carbon emissions market later this month
Why not create our own market, asks carbon trader
4 Sep 2009
New Zealand should stop talking about a carbon market and get on and create one, says a leading carbon trader.
PNG carbon scandal snares Australian company
4 Sep 2009
An Australian company has been swept up in a $100 million carbon trading scandal in Papua New Guinea.
Business: Review leaves huge issues up in the air
31 Aug 2009
The report of the select committee which reviewed the emissions trading scheme is a disappointment which still leaves the country with no broad cross-party agreement on climate change policy to provide investment certainty.
Government fiddling while planet burns, says Greenpeace
31 Aug 2009
Greenpeace is warning that taxpayers will pay if there’s a price cap added to the long over due emissions trading scheme, but welcomed agreement by most members of parliament that climate change is real and action needs to be taken now.
Speculation rife as ETS report faces new delay
28 Aug 2009
The report of the emissions trading scheme review select committee is now unlikely to be released before Monday.
New tech means farmers can turn dung into dollars
21 Aug 2009
New technology could see farmers turning effluent into carbon credits
Greens: NZ to spend on emissions target when it could save
14 Aug 2009
The Government wants to take the most expensive route to its emissions target, telling the world it will purchase carbon credits rather than work to reduce New Zealand’s greenhouse gases, says the Green Party.
Tree-planting key to meeting target, says expert
10 Aug 2009
New Zealand can achieve a significant proportion of its 2020 emission reduction target by planting trees – and generate $375m a year in carbon credits, says a forestry expert.
Companies must take care with carbon-neutral claims
7 Aug 2009
Companies wanting to market themselves as carbon-neutral are being warned not to rely on the emissions trading scheme for their green credentials.
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?
Fri 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.
Trump administration moves to repeal scientific declaration on dangers of greenhouse gases
Today 10:45am
In one of its most significant reversals on climate policy to-date, the Trump administration on Tuesday proposed to repeal a 2009 scientific finding that human-caused climate change endangers human health and safety.
Bearish sentiment lingers for carbon market
11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
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.
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?
Common low-grade clay strengthens low-carbon concrete
5 Jun 2025
Media release | Engineers at RMIT University have converted low-grade clay into a high-performance cement supplement, opening a potential new market in sustainable construction materials.
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.
A modest geothermal strategy
Today 10:45am
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
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.
2025 on track to be second or third warmest year on record
Today 10:45am
As it passes its midway point, 2025 is on track to be the second or third warmest year on record. However, it is very unlikely to beat 2024 as the hottest year.
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
Today 10:45am
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.
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.
European Central Bank to consider 'climate factor' when lending to banks
Today 10:45am
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
Fri 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.
Methanex closure comes early this year
14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
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.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
Fri 25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
Fund for low emissions transport winds up
Today 10:45am
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
Fri 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.
Media round-up
Fri 25 Jul 2025
In our round-up of the climate coverage in local media: Dairy conversions surge; Gore is hit with a drinking water crisis; meanwhile farming lobby groups Groundswell and Federated Farmers are up in arms about a plan to classify environmental impacts in the agriculture and forestry sector.
The EU’s ‘fantasy’ $750B energy promise to Trump
Today 10:45am
The EU has narrowly avoided a full-blown trade war with Donald Trump by pledging to buy $750 billion of U.S. oil and gas by the end of his term. But achieving that will be almost impossible.
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
Today 10:45am
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
Fri 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.
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.
