Topics tagged with 'Carbon Credits'
Braver than Kiwis, British Columbians start paying carbon tax on fuel
8 Jul 2008
Canada’s British Columbian state government’s new carbon tax came into effect last week, indicating how the New Zealand may have missed a chance to introduce carbon prices here with limited public opposition.
Seoul aims for voluntary compliance with greenhouse gas protocols
8 Jul 2008
South Korea plans to seek flexible and voluntary compliance with the international effort to cut back on greenhouse gases, the country's climate change ambassador said yesterday.
China 2: First try at emissions trading exchange falls over
4 Jul 2008
The creation of China's first emissions trading exchange has been postponed indefinitely amid disagreements on foreign ownership in the bourse.
Stern claims cost of curbing climate change has doubled
1 Jul 2008
Lord Stern has warned that the cost of avoiding dangerous levels of global warming has doubled since he published his influential report on the economics of climate change in late 2006.
Toyoto NZ believes it still has the ‘green’ advantage
27 Jun 2008
Toyota New Zealand still feels it has the edge when it comes to ‘green’ vehicles, despite recent claims by some luxury car manufacturers.
US dairy industry commits to reducing greenhouse gas emissions
27 Jun 2008
United States dairy leaders yesterday announced an industry-wide commitment and action plan to reduce fluid milk's carbon footprint while increasing business value from farm to consumer.
Carbon weakens across board as oil prices fall
26 Jun 2008
Carbon weakened further across the board today as oil prices fell in the face of higher inventories.
Latest strip of CER’s 2008 – 2012 Vintage – indicative mid prices
26 Jun 2008
OMF prices below are indicative, subject to change and subject to counterparty credit assessment.
Palmerston North sells landfill credits to Toyota
24 Jun 2008
The Palmerston North City Council’s sale of 4500 carbon credits from its Awapuni landfill to Toyota New Zealand follows an earlier and pioneering sale of carbon credits to the Austrian Government two years ago.
National's full minitory report on ETS bill
16 Jun 2008
National has released its miniority report on the ETS bill.
The Bill in full
16 Jun 2008
The 328 page emissios trading bill has been reported back to Parliament.
Overall, the market feels well bid
16 Jun 2008
A mixed bag on the energy markets saw carbon weaken slightly ahead of the weekend.
Latest strip of CER’s 2008 – 2012 Vintage – indicative mid prices
16 Jun 2008
Indicative prices below are subject to change and subject to counterparty credit assessment.
Current Carbon Credits Available
16 Jun 2008
NZ broker OMF has the following carbon credits available:
Secondary market eyed in carbon underwriting and guarantees
12 Jun 2008
Financial services executives are tentatively looking forward to a secondary market in the ETS sphere focused on underwriting and guarantees.
Kiwis don't know their credits from their offsets
12 Jun 2008
Most New Zealanders are confused about carbon terminology.
First personal carbon trading scheme launches
11 Jun 2008
The world's first real time personal carbin trading scheme has launched.
International carbon reduction and offset alliance forms
11 Jun 2008
Eight of the world’s leading carbon reduction and offset providers have formed the International Carbon Reduction and Offset Alliance (ICROA), The Climate Group announced.
Clark "personally responsible" for shocking deforestation data - Kyoto Forestry Association
11 Jun 2008
Prices weaken as oil retreats and coal firms
10 Jun 2008
Whilst carbon prices were firmer in early trading on the back of stronger German power prices and persistenly high levels in oil - prices did weaken after oil retreated and coal prices firmed.
"Kill me": US Senate clerk(s) forced to read 492 page amendment to ETS bill
6 Jun 2008
In US Senate action on the Climate Security Act, Republicans are forcing the clerk to read the entirety of theBoxer substitude amendment, claiming they haven't had enough time to read it yet.
Full ECX May trade report: volumes reach 142.3 Mt
6 Jun 2008
ECX has issued its reports on May carbon trading.
Conference-bolstered Greens going to play hard ball on ETS
3 Jun 2008
Green Party co-leader Jeanette Fitzsimmons has come away from the party’s annual conference at the weekend strengthened in her position to play hardball over the emissions trading scheme.
Aussie truck drivers: include fuel in ETS
3 Jun 2008
Australian truck drivers back the inclusion of fuel in their Government's emissions trading scheme and consider cuts to the fuel excise to be bad policy.
MARKET REPORT: A day of two halves
3 Jun 2008
It's been a day of two halves as carbon weakened early on only to strengthen and close firm on the back of firmer oil prices.
Montreal adds environmental futures contracts
3 Jun 2008
Traders can now add environmental futures contracts into their portfolio with the Montreal Climate Exchange's (MCeX) introduction of carbon dioxide equivalent units into financial markets on Saturday NZ time.
US study: US$35 per ton carbon price will cut emissions 10%
3 Jun 2008
A new analysis by researchers at Carnegie Mellon University’s Tepper School of Business shows possible positive short-term effects of establishing a mandatory price for CO2 emissions inthe United States.
Go carefully on soil carbon sequestration - officials
30 May 2008
Soil-storage of carbon mightn’t be the answer to farmers’ prayers for a solution to agricultural greenhouse-gas emissions, and New Zealand must use caution in any decision to move into soil credits, officials say.
MARKET REPORT: Multiple factors push carbon price higher
30 May 2008
A combination of factors conspired to push carbon prices higher today.
Aussie Carbon Planet credit brokers breeze into local market
30 May 2008
Carbon Planet of Australia has begun marketing itself in New Zealand - and says carbon will be the world's biggest commodity by 2012.
Banrock Station boss: make money by carbon sinking local reserves
30 May 2008
Money should be made from reserves by turning them into carbon sinks.
Who's doing emissions quality control at the quality controllers' shindig?
30 May 2008
Who do you get to do emissions quality control on New Zealand Organisation for Quality?
Carbon credit costs will skyrocket if no international trade
29 May 2008
An official report on the leading US using emissions trading bill says carbon credit costs could go up 93% if international trading in the credits is not allowed.
MARKET REPORT: Carbon fails to rebound after oil dips then rises
29 May 2008
Carbon weakened early in the face of lower oil prices and failed to rebound when oil traded higher.
True cost of personal carbon card plan revealed
29 May 2008
New reports in the UK say an MPs’ idea to issue every citizen there with a personal carbon card will cost up to NZ$6 billion to set up, and the same amount to run each year.
Comms company looks to install solar panels on customers' roofs
29 May 2008
Cox Communications has announced initiatives to cut energy costs that include adding solar electricity to its headquarters and communications system and increasing fuel efficiency in its fleet vehicles.
Global carbon market heading for e500 billion by 2020
28 May 2008
IDEAcarbon says global carbon market value could reach 500 billion euros by 2020.
G8 environment ministers fail to set emissions cut target
28 May 2008
A three-day meeting of G8 environment ministers in Japan has concluded with a familiar call for nations to agree on goals to cut emissions.
Parker rules out personal carbon rationing
27 May 2008
Climate Change Issues Minister David Parker is ruling out a personal carbon emissions trading scheme here.
No early mad rush for Energy Mad's household emission credits
27 May 2008
The first ever online auction of voluntary carbon credits created by demand side energy efficiency projects in New Zealand is off to a slow start.
Forum heads to the select committee
26 May 2008
A high-powered group of business and community leaders who back an emissions trading scheme will appear before the finance and expenditure select committee today to answer questions from MPs.
NZ MARKET REPORT: Prices drift ahead of European long weekend
26 May 2008
Carbon prices drifted ahead of a long weekend in Europe and the US. Oil was slightly higher but off recent highs and it had minimal impact on the direction of carbon – the market was quiet and volume was light in both EUAs and CERs.
Survey reveals how much would you pay for 2008-2012 CER strip
26 May 2008
How much would you currently pay per CER for the 2008-2012 strip?
Bullish carbon prices expected to continue
26 May 2008
Broker IDEAcarbon expects market billishness to continue.
Fiscal forecast: ETS will lose Govt $121m net in first commitment period
23 May 2008
The Government will allocate $2,151 million in emission credits and earn $2,030 million from them in the first Kyoto commitment period, making a net loss of $121 million.
Carbon price climbs again today on back of firm energy markets
22 May 2008
Carbon prices climbed again today on the back of firm energy markets, especially oil and the projected undersupply of CERs going forward.
Australia's first carbon trade cheap and symbolic
22 May 2008
Australia’s first carbon trade was well below international market levels and should be viewed as largely symbolic, says local trading house OM Financial.
Get soil recognised as carbon storer, say scientists
21 May 2008
Scientists working on quantifying the carbon-storage potential of New Zealand soils are urging officials to start work now on getting soil recognised in the next round of climate-change protocols.
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.
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.
$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.
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.
Burning wood for power worse for climate than gas equivalent, report finds
21 Apr 2026
Research casts doubt on plans by the UK government to offer subsidies for carbon capture attached to the power source.
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.
Carbon News updates forward curve
Wed 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.
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.
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.
Latest emissions inventory: ‘Something has gone very wrong’
16 Apr 2026
By Liz Kivi | New Zealand’s greenhouse gas emissions in 2024 decreased by just 0.1% compared to 2023, in what an expert says is a “terrible result”, compared to faster progress in previous years.
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
Tue 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.
Mercury eyes $1b geothermal expansion near Taupō
Fri 15 May 2026
Mercury is planning the next phase of its geothermal expansion near Taupō, with two proposed projects carrying a potential investment of up to $1 billion and enough new renewable generation to power an additional 125,000 homes.
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.
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.
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
Thu 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.
Fourth petroleum permit application enters competitive process
Fri 15 May 2026
Media release: New Zealand Government | The fourth petroleum exploration permit application since the removal of the exploration ban late last year has entered the open market competitive process, an encouraging signal of renewed confidence in investing in the country’s sector, Resources Minister Shane Jones says.
Methanexit: writing on the wall for NZ’s biggest gas user
6 May 2026
By Liz Kivi | New Zealand’s biggest fossil gas user, Methanex, is expected to stop production by the end of this year, with the company confirming its Motunui methanol operation won’t survive Māui gas field’s closure.
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.
Govt moves to block climate change litigation
Tue 12 May 2026
By Liz Kivi | The Government’s move to limit lawsuits holding climate polluters accountable for damage is putting the interests of big emitters ahead of communities, according to Lawyers for Climate Action.
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.
Move to block lawsuits could strengthen climate case against Govt
Thu 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.
Tehran will never cede control of Strait of Hormuz, senior Iranian politician tells BBC
21 Apr 2026
"Never." That's when a senior Iranian lawmaker says they'll be ready to give up their control of the Strait of Hormuz.
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.
‘Triple whammy of climate chaos’: Why Antarctica's sea ice collapse is no longer a mystery
11 May 2026
Scientists have finally identified the ‘triple whammy’ behind Antarctica’s dramatic collapse, shedding new light on the chain reaction that has pushed its sea ice to record lows.
Coal mine challenge reaches Aus High Court
Wed 13 May 2026
What climate change impacts should a planning authority have to take into account when assessing a mining project?
Australian operator to run NZ ETS auctions
11 May 2026
The Government has appointed an Australian company to run its Emissions Trading Scheme auctions, taking over from NZX, which has operated the ETS auctions since they began in 2021.
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.
Deep-sea mining risks biodiversity loss lasting decades, scientists warn
11 May 2026
By Shannon Morris-Williams | The first comprehensive review of deep-sea mining research has found mining could cause ecological damage lasting decades and, in some ecosystems, irreversible biodiversity loss, with New Zealand experts warning the industry poses major risks to fragile ocean environments.
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
Wed 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.
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.
‘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.
Renewable energy hub planned for Scottish coal museum
Thu 14 May 2026
A former 19th Century coal mining 'super-pit' in Midlothian is to be turned into a renewable energy hub providing green electricity for the local community.
Planned coal mine borders internationally significant wetland
30 Apr 2026
By Liz Kivi | Victorian Hydrogen, the company behind plans for a huge coal-to-urea project, has applied for a permit to explore for coal next to an internationally significant wetland in a sensitive catchment in Southland.
Combined climate extremes may prompt carbon budget rethink
Thu 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.
Africa secures major clean energy deals as France deepens investment push
Fri 15 May 2026
French and African leaders have announced more than $11 billion in renewable energy investments across Africa, underscoring the continent’s growing importance in the global push for cleaner energy and industrial development.
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.
More red lights for cars might mean more green lights for sustainable transport
7 May 2026
Media release: Royal Society Open Science | Reducing the amount of green light time for cars at traffic lights could encourage commuters to switch to more sustainable transport.
UK halves Green Climate Fund contribution, as it spends more on security
Fri 15 May 2026
After promising £1.6 billion to the UN’s flagship climate fund in 2023, the UK government has now said it will only hand over half as much.
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.
Stripy wind turbines could save some birds
8 May 2026
Media release: Royal Society Interface | Preventing birds from colliding with wind turbine blades could be as simple as a few paint stripes, according to international researchers, who say this could help protect wildlife as renewable energy expands.
