Topics tagged with 'Carbon Credits'
NZ MARKET REPORT: Prices edge up on back of rocketing oil
21 May 2008
The carbon market edged higher today on the back of a rocketing oil price and overall the outlook for carbon is bullish, according to carbon broker OMFinancial.
US' biggest coal burning power firm to turn cow dung into carbon credits
21 May 2008
The American Electric Power company is going to trap methane from cow manure in a bid to earn emission credits.
Fed Farmers pushes to have soil carbon sequestration included in ETS
20 May 2008
Federated Farmers is calling for a greater push toward getting soil recognised as a legitimate method of storing greenhouse gases, saying that it would be a boon to farmers struggling to deal with emission from animals.
Trading in the dark is no place for the nervous
19 May 2008
Carbon may well be the world’s fastest growing traded commodity, and will one day be the biggest, but right now it’s no place for the faint-hearted, as the ever-growing ranks of carbon traders are finding.
The Global carbon trading market takes flight
16 May 2008
Paul Ezekiel travels regularly from his Manhattan office to emerging markets like China and Brazil, prospecting for clean energy projects.
NZ MARKET REPORT: CER price closes 11 euro cents up
14 May 2008
Divergence was the order of the day in the carbon market as CERs rose strongly again on fears of a projected CER shortfall from CDM projects whilst EUAs gave up ground in the face of firmer coal prices and flat gas and power prices
Smelter submission actually supports ETS, makes special pleadings
13 May 2008
ANALYSIS. - The operator of New Zealand’s only aluminium smelter supports New Zealand’s desire to introduce an emissions trading scheme.
Little point in NZ carbon trading currency, says business group
13 May 2008
A second major business group is suggesting that New Zealand should be using international carbon instruments instead of creating its own currency.
NZ MARKET REPORT: Emission prices rise again on back of oil, gas
13 May 2008
Carbon prices rose again yesterday as initial strength in oil and gas prices impacted right across the board albeit on light volume, according to OMFinancial's market report..
NZ emitters urged to hedge rising carbon price and falling NZ dollar
12 May 2008
The carbon market firmed right across the board on Friday as rocketing oil prices impacted on the entire energy complex.
Canada could hook into Europe carbon trading system
12 May 2008
Canada has its eyes on a possible hookup with the European Union’s carbon trading system as it crafts its own mechanism for exchanging emissions credits.
Britain puts personal carbon trading scheme on ice
12 May 2008
The British government has backed away from a carbon-trading scheme for all citizens.
Big players flood Europe's cap-and-trade-emissions market
12 May 2008
The success of Europe's thriving market in trading carbon emission credits highlights a major area of innovation there -- and a rare instance where making money and helping the planet go hand in hand.
Falling dollar, weakening CDM hurt NZ carbon investors
9 May 2008
New Zealand’s international carbon investors took a double whammy yesterday, with a falling dollar driving up the local cost of carbon, and news of a weakening international Carbon Development Mechanism (CDM) market.
New poll: Kiwis like ETS delays but want heavy emitters to pay now
9 May 2008
New Zealanders approve of the Government’s billion-dollar decision to delay bringing transport into the emissions trading scheme – but think that heavy emitters should be facing the cost of their emissions now.
Transport delay seen as threat to carbon currency
9 May 2008
The viability of the proposed New Zealand carbon currency, NZU, is threatened by the Government’s decision to delay bringing transport into the emissions trading scheme for another two years, says the Sustainability Council.
MARKET REPORT: Oil drives across-the-board carbon price rise
8 May 2008
Continued strength in oil prices saw carbon prices strengthen right across the board yesterday, according to New Zealand broker OMFinancial.
EC fires warning shot to Greece about poor greenhouse gas monitoring
8 May 2008
Greece has received a warning from the European commission for failing to provide adequate monitoring of greenhouse gases emissions which is needed to comply with UN regulations laid out under the Kyoto protocol, a commission spokesperson confirmed.
Government ETS moves will batter forestry Kyoto credit values
7 May 2008
Forest owners expect the value of their hard-won Kyoto carbon credits to plummet as a result of yesterday’s announced changes to the emissions trading scheme, with the likely result that few new forests will be planted.
Non-committal Nats happy to play the waiting game
7 May 2008
National says it is carefully avoiding “running the politics” on climate change and won’t finalise its climate-change policy until at least July, when it sees Australia’s proposals.
Indigenous groups blast UN over carbon trading
7 May 2008
The United Nations is facing scathing criticism from the world's indigenous communities for its attempts to promote carbon trading as a tool to address climate change concerns.
Dutch mull over specific greenhouse gases for taxation
7 May 2008
The Netherlands is mulling over whether to build into its new controversial environment tax a specific levy linked to climate-changing nitrogen oxide (NOx) emissions.
Asia's disappearing rainforests ‘an appalling crisis’
7 May 2008
The wanton destruction of Asia's rainforests is “one of the worst crises since we came out of our caves 10,000 years ago,” foresters have been told at an international meeting in Hanoi.
Heavy-emitters should buy now, says carbon trader
6 May 2008
New Zealand’s top 200 greenhouse-gas heavy emitters should be buying carbon credits now to protect against likely price rises as the emission trading scheme starts to kick in, says a leading leading carbon trader.
Overnight prices indicate real Kyoto bill more than $1.5 billion?
6 May 2008
New Zealand’s true Kyoto liability might be closer to $1.5 billion, based on current emission credit prices.
Change in policies and pace call after Kyoto bill breaks billion dollar barrier
6 May 2008
Government is being urged to more quickly adopt emission-cutting policies, like public transport and home insulation, to help avert part of the now billion dollar Kyoto climate change bill, while National is calling for "a new direction".
'Enemies' unite in plea for leadership on climate change
2 May 2008
Two lobbyists usually found on opposite sides came together last night in a call for national leadership, co-operation and unity on climate change for the sake of all New Zealanders.
NZ MARKET: Broker OMF recommends emitters sell put options
2 May 2008
Broker OMFinancial is recommending New Zealand emitters currently consider selling put options.
Tokyo carbon market raises prospect of round-the-clock trading
2 May 2008
The reputation of carbon credits as tradable commodity could take a major leap forward if the Tokyo Stock Exchange presses ahead with plans to create Japan's first greenhouse gas emissions trading market next year.
Cheaper for government to pick up greenhouse-gas tab
1 May 2008
A private research company says that it would be cheaper to have the Government paying for greenhouse-gas emissions than using an emissions trading scheme.
NEW REPORT: 'households, road users and SMEs' carry multi-billion ETS bill
30 Apr 2008
All sectors of the economy should come into the emissions trading scheme at the same time to avoid the “huge transfer of wealth” that will be the result of the proposed scheme, says the New Zealand Sustainability Council in a report out today.
CarboNZero for small enterprises a hit
29 Apr 2008
Small businesses are as keen - if not keener – than large companies to go carbon neutral, if response to New Zealand’s first internationally-accredited scheme for small businesses is anything to go by.
UN watchdog bans ‘shamed’ Greeks from carbon trading
24 Apr 2008
Greece has become the first country to be suspended by a UN watchdog body from trading carbon credits under the Kyoto Protocol.
India’s eager money men study $6b carbon trading market
24 Apr 2008
Financial houses in India are excited by the news that the local market for carbon credits has been estimated at $6 billion over four years.
Google backs out of green search initiative
24 Apr 2008
Google ironically picked Earth Day (Tuesday) to controversially pull out of Ecocho, a new green search engine that was successfully launched just seven days ago in Sydney, Australia.
Carbon storage in soil being researched: Major benefits possible for landowners
23 Apr 2008
A new move to store carbon in New Zealand soil is being formally researched and could be worth hundreds of millions to New Zealand farmers and other landowners.
Quebec sets cuts and signs up for carbon credit market
23 Apr 2008
Quebec has said it wants to cut its greenhouse gas emissions between 1.5 percent and six percent below 1990 levels by 2012, as it announced it would become an eastern member of a coalition of western US states and Canadian provinces eyeing a regional carbon-credit trading market.
Farmer leader says carbon price restrictions will restrict food production growth
23 Apr 2008
Federated Farmers president Charlie Pedersen says New Zealand farmers are concerned about their ability to farm in a sensible and sustainable way.
Parker: No emissions credits for new renewable power plant developers
22 Apr 2008
Climate Change Minister David Parker says those building new renewable power stations won’t be rewarded with extra carbon credits under the proposed emissions trading scheme (ETS).
New survey captures primary CER prices ranges
22 Apr 2008
IDEAcarbon, one of whose parent company's principals is Lord Nicholas Stern, formerly of the British Treasury and author of the Stern report on climate change economic impacts, has undertaken a survey among buyers and sellers to derive an understanding of primary CER (pCER) price ranges.
IDEAcarbon Credit Rating
22 Apr 2008
Credit ratings are an essential tool in any investment process. IDEAcarbon ratings provide a rigorous analysis of the risk profile of individual carbon assets and asset portfolios.
Wellington City decides on carbon credit revenue plan from town belts, forests
21 Apr 2008
Wellington City is looking to earn large annual revenues from emission credits by turning its town belts and forests into carbon sinks.
Bell Gully directly enters trading market
18 Apr 2008
A New Zealand law firm has created a world first in carbon trading, purchasing the first ever Certified Emission Reduction units to be transferred between two countries.
NEW: Guide to setting up a CDM project
18 Apr 2008
The International Emissions Trading Association has prepared a specific Guidance Note for those interested in setting up CDM projects.
Team up to provide extra carbon market insurance capacity
18 Apr 2008
Munich Re Group and CarbonRe Switzerland intend to work in a strategic partnership to provide additional direct insurance capacity to the carbon markets.
Smith: Government should be ‘up front’ over ETS costs and impacts, criticises 20 day media ban
17 Apr 2008
Opposition climate change spokesperson Nick Smith is urging the Government to come clean and tell the public exactly what advice it has about how much money the Government will make from the auctioning of permits under the proposed emissions trading scheme.
Ministerial press secretaries impose up to 20 day information ban on Carbon News
17 Apr 2008
Two Ministerial press secretaries have said they will restrict the flow of information to Carbon News.
Nelson voluntary offset trader launching in Australia, UK
17 Apr 2008
Offset the Rest, a New Zealand organisation that sells voluntary offset carbon credits, plans to launch into the UK and Australia next month.
EXCLUSIVE: Treasury responds on ETS windfall, but defers to select committeee
16 Apr 2008
The Treasury reckons it’s easy as anything to work out how much the Government will make in windfall revenues selling carbon credits, but it still shrinks from putting a figure on it.
Market analysis: Dec 08 EURs now flirt with EUR25 per tonne
16 Apr 2008
Last week, a daily average 9.4million EUAs traded through brokers and Exchange, Fortis bank says in its weekly market analysis.
Govt slashes environmental funding by $1 billion
Tue 25 Nov 2025
By Shannon Morris-Williams | Central government funding for the environment is set to fall by a quarter in 2025/26, prompting warnings that hard-won environmental improvements may now stall or reverse.
Rabobank announces new partnership to generate carbon income for rural customers
Today 10:45am
Dutch multinational Rabobank has announced it is partnering with a company which specialises in restoring indigenous forests in a bid to generate voluntary carbon credits for farmers through planting on lower-producing farmland.
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
Wilding pines threaten Kaikōura ranges in ‘looming catastrophe’
Thu 27 Nov 2025
Kira Carrington, Local Democracy Reporter | Wilding pines are threatening to make their way into the Kaikōura ranges, as their rampant spread sparks a renewed call for more central government funding.
Govt launches strategy backing wood-based heat sector
23 Oct 2025
By Pattrick Smellie | Forestry biomass could replace as much as 40% of fossil fuel-generated process heat by 2050, but access to supply, regulatory settings and business cases for converting to wood-based heat sources are required, the Government says in a series of documents released yesterday.
UK security, food and economy at risk without climate action, experts say
Today 10:45am
Only urgent and radical action can prevent systemic breakdown affecting our economy, food supply and national security. This was the stark message from the U.K.’s first national emergency briefing on climate and nature to policymakers this week.
Elevated volatility continues for carbon market despite govt reassurances
Wed 26 Nov 2025
By Liz Kivi | While carbon prices have recovered somewhat from recent lows, the market is still plagued by low prices and volatility, despite soothing words from the government intended to calm rattled participants.
Energy outlook shows complex picture of NZ energy transition
Today 10:45am
Simpson Grierson’s latest Energy Outlook 2025 paints a more complicated picture of New Zealand’s energy transition than the Government’s public narrative of momentum and accelerated delivery.
Investors must support positive climate-tech
Fri 28 Nov 2025
OPINION: We need better leadership than the current ‘climate opportunism’ that is rife in the Beehive, and we need to back a marketplace that will make it happen, writes Rob Campbell.
$235 billion worth of NZ buildings exposed to flooding
30 Oct 2025
More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.
Lessons for climate advocates from the Bill Gates ‘climate hack’
Today 10:45am
OPINION: Many were frustrated, justifiably, by Bill Gates’ ability to steal headlines ahead of this year’s just-concluded round of U.N. climate talks, COP30.
Media round-up
Fri 28 Nov 2025
In our round-up of climate coverage in local media: How the oil and gas industry helped rewrite New Zealand’s drilling rules, confusion reigns as the climate minister appears unaware of his own announcement, and the fierce battle over mining on Denniston Plateau.
‘Highly uncertain’ ETS hampers Genesis biomass plans
Fri 28 Nov 2025
By Pattrick Smellie | “Highly uncertain” New Zealand carbon prices and market settings are identified as a commercial threat by Genesis Energy to its planned use of biomass to replace coal and gas at its Huntly power station by 2028.
DOC trims costs and winds down jobs for nature
10 Nov 2025
The Department of Conservation (DOC) is entering a new phase of tighter budgets and structural change as it winds down the pandemic-era Jobs for Nature programme and reshapes its operations to absorb long-term cost pressures.
Heatwaves, downpours and droughts – Auckland on track for more extreme weather
Today 10:45am
By Shannon Morris-Williams | New projections show Auckland will face more heatwaves, heavier downpours, worsening droughts and growing coastal threats as climate extremes intensify, according to a new report from Earth Sciences New Zealand.
NZ marine heatwaves could double in intensity under high-emissions pathway
16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
Govt must do the work to close gap to NZ’s Paris Agreement goal
Thu 27 Nov 2025
OPINION: New Zealand needs to wake up to the fact that under current policies we are not going to meet our international climate target and this comes with commercial and diplomatic consequences: risking our European and UK free trade agreements; risking carbon border charges; and threatening the reputation of our ‘clean and green’ export brand, writes Nigel Brunel.
Canada rolls back climate rules in energy deal with Alberta
Today 10:45am
Under the agreement, the federal government will scrap a planned emissions cap on the oil and gas sector and drop rules on clean electricity.
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.”
$3 billion in KiwiSaver funds fuelling ocean degradation
Today 10:45am
Mindful Money has launched a new campaign urging New Zealanders to use their investment power to protect the ocean, warning that billions of dollars in KiwiSaver funds are currently backing companies driving marine pollution, habitat destruction and climate-related ocean impacts.
Govt’s rejection of CCC’s advice on climate targets undermines independent watchdog’s role, says opposition
21 Nov 2025
By Liz Kivi | The Government’s latest dismissal of Climate Change Commission advice shows they have their heads in the sand about the reality of meeting climate targets, according to the Labour Party, while the Greens say Government decisions were an embarrassment on the world stage at COP30 this week.
TotalEnergies loses in Paris court, marking a turning point for fossil fuel truth-in-advertising
5 Nov 2025
TotalEnergies was found to have misled consumers about its role in the energy transition.
Lake Onslow battery project set for revival?
29 Oct 2025
A newly formed private consortium has emerged with plans to finance and build the massive Lake Onslow pumped-hydro project, despite the coalition government’s decision to abandon the scheme.
Hiringa eyes green methanol plant near Whanganui
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.
Insurers welcome govt decision to keep NHC levy unchanged
21 Nov 2025
Media release |The Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa (ICNZ) has welcomed the Government’s decision to leave the Natural Hazards Commission levy unchanged, amid ongoing concerns around the cost-of-living.
Why I’m not outraged at the Govt’s latest climate backsliding
7 Nov 2025
COMMENT: The Government’s latest climate rollbacks underline New Zealand’s long history of a lack of genuine desire to cut emissions, writes Geoff Bertram.
Minister warned over lack of rationale for climate policy
Tue 25 Nov 2025
By Liz Kivi | Climate Change Minister Simon Watts’ formal explanation of why the Government isn’t going to follow the independent Climate Change Commission’s advice on climate targets is still in the pipeline, the Minister has confirmed.
NZ fails to back ‘roadmap’ to phase out fossil fuels at COP
24 Nov 2025
By Liz Kivi | Eighty-six countries including Australia, the UK, Germany, and Ireland backed a proposal at COP30 for national plans on how to quit oil, gas and coal – but New Zealand wasn’t one of them.
Greens put miners ‘on notice’, pledge to revoke fast-track approvals
18 Nov 2025
By Shannon Morris-Williams | The Greens have pledged to revoke fast-track consents for coal, hard-rock gold, and seabed mining projects if elected to government next year.
Govt's emissions ‘buffer’ an illusion with all NZ's carbon budgets off track
Fri 28 Nov 2025
By Shannon Morris-Williams | Dr Christina Hood, head of consultancy Compass Climate, says the Government’s claim that New Zealand has a comfortable emissions “buffer” to absorb higher agricultural pollution is misleading, with projections showing emissions budgets are actually set to be missed in real terms.
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.
‘We must keep 1.5 alive’ – Minister’s statement to climate summit
19 Nov 2025
By Liz Kivi | Climate Change Minister Simon Watts has delivered New Zealand’s National Statement to this year’s United Nations climate summit, affirming the country’s commitment to international climate targets and saying “we must keep 1.5 alive.”
Marex invests in methane-busting biotech, hopes to kickstart NZ methane credits
Thu 27 Nov 2025
By Liz Kivi | NASDAQ-listed financial services group Marex has taken a minority stake in Ruminant Biotech, an Auckland-based agritech startup, with a view to kick-starting Marex’s methane-based carbon credits trading business in New Zealand.
Carbon Finance Program upscales efforts to close climate investment gap in climate vulnerable nations
22 Oct 2025
Media release | The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) will work with the Voluntary Carbon Markets Integrity Initiative (VCMI) to upscale the Carbon Finance Program in reach and impact, supporting more climate-vulnerable countries to host high-integrity carbon projects that yield tangible climate, nature, and sustainable development benefits.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Local council shakeup will weaken environmental protection, say critics
Wed 26 Nov 2025
By Shannon Morris-Williams | The Government’s sweeping overhaul of local councils threatens to erode hard-won environmental protections, warning that stripping regional councils of directly elected governance will weaken oversight of freshwater, biodiversity and land-use decisions.
Australia finally acknowledges environment underpins all else. That’s no small thing
Today 10:45am
COMMENT: In what are dangerous times for democracies around the world, parliament’s overhaul of nature laws in the EPBC Act shows ambitious reform remains possible.
Thousands march outside COP30 summit in call for action
18 Nov 2025
Marching to the beat of pounding sound systems, thousands of climate protesters have been bringing their message to the gates of the COP30 climate talks in Brazil.
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.
North Canterbury solar farm consent to be considered in February
Today 10:45am
David Hill, Local Democracy Reporter | A Hurunui District Council hearings panel will consider a consent application for solar farm near Waipara in February, while Environment Canterbury has already granted consents which were not notified.
New invention cleans up greenhouse gases
Today 10:45am
Media release: University of Auckland | A new device that removes greenhouse gases released during surgery has been successfully trialled at an Auckland hospital.
Solar households to get little-noticed tax break
23 Sep 2025
A provision in the government’s latest tax bill would exempt households from paying tax on income they earn by selling excess electricity back to the grid.
Pollution from coal plants was dropping. Then came Trump and AI.
Today 10:45am
Data centres’ hunger for electricity is prompting some states to keep their coal-burning power plants from closing – while DC relaxes air pollution limits.
Last minute change to oil and gas legislation over cleanup costs
31 Jul 2025
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.
Singapore sets course for 'green' methanol ship fuel supplies
Wed 26 Nov 2025
Singapore will start issuing bunkering licences next year to companies supplying methanol as marine fuel, in an effort to help global shipping cut carbon emissions.
10 years after the Paris Agreement, world leaders are letting go of its most famous goal
Thu 27 Nov 2025
This year's U.N. climate negotiations crashed out on a hard truth: It’s all about the money.
Kaicycle celebrates ten years of collective climate action in Pōneke
14 Nov 2025
Media release: Kaicycle | Since 2015, Kaicycle has grown from a humble pilot project growing kai and collecting compost on bicycles into the thriving urban farm and composting hub that Wellingtonians know and love.
Study provides a step-change in understanding NZ’s groundwater
Fri 28 Nov 2025
Media release | Earth Sciences New Zealand has developed a world-first National Groundwater Age Map and a powerful suite of tools to support the sustainable management of our hidden groundwater resources, from national through to local scales.
Amid the ashes
Wed 26 Nov 2025
This year the LA wildfire came for my hometown. What happened next is a warning for us all.
NZ’s energy system at a crossroads – report
21 Nov 2025
A new report says New Zealand’s rapid shift toward a 95% renewable electricity system is at a critical turning point, urging faster consenting, stronger firming solutions and better grid planning.
