Topics tagged with 'Carbon Credits'
Call for emissions revenue to fund tax cuts
27 Mar 2008
Australia’s Opposition treasury spokesman last night urged the Kevin Rudd Labor Government to devolve the money it raises from carbon credits onto the states so they can eradicate a raft of inefficient taxes.
Top business speakers appearing at carbon market workshop
27 Mar 2008
Experienced carbon market taders will feature at a Ministry for the Environment and Emissions Trading Group Carbon Markets Workshop in Wellington on April 4.
NSW weighs flogging the family silver
27 Mar 2008
A furore over whether New South Wales (NSW) should privatise its mostly coal-fired electricity generation capacity has erupted in the wake of Kevin Rudd’s federal Labor government announcing it will introduce an emissions trading scheme (ETS) in 2010.
NZ emissions trading regulations - what's in store
27 Mar 2008
Officials are working on a range of regulations to implement New Zealand's emissions trading system.
London Brokers plan price data charges
27 Mar 2008
The London Energy Brokers' Association (LEBA) has told Carbon News it will start charging for its market trade data within about two weeks.
First Green Exchange trade features 1000 CERs in 25 futures contracts
26 Mar 2008
Vitol SA, one of the world's largest energy trading firms, and an affiliate of RNK Capital LLC, a private energy and environmental markets investment firm, says the firms have completed the first-ever trade on The Green Exchange™.
Self-assessment the Kiwi ETS maxim
20 Mar 2008
A CARBON NEWS INQUIRY SERIES - By Hugh de Lacy: Don’t wait around for the Government to impose overseas standards on carbon assessment and verification: self-assessment is the core theme in the New Zealand emissions trading scheme (ETS), according to Dave Brash, general manager of the Treasury’s Emissions Trading Group.
ETS briefing: the digest provided to MPs
20 Mar 2008
As a service to subscribers, Carbon news attaches (../../attachments/docs/bill-digest-1587climatechangeemissionstrading1.pdf) the Digest briefing provided to MPs on the Climate Change (Emissions Trading and Renewable Preference) Bill.
Smith: Chainsaw massacre continues unabated
19 Mar 2008
Figures released on deforestation are nothing short of an environmental disaster, says National's Climate Change spokesman, Dr Nick Smith.
TZ1 trading platform ready, registry launches April
18 Mar 2008
NZX carbon trading subsidiary chief executive Mark Franklin says TZ1’s market platform is ready to operate.
Key backs ETS – with balance
18 Mar 2008
Opposition Leader John Key says his party supports the proposed New Zealand emissions trading system, describing it as “a good model, market-based, it works”. He also talked of further reforming the planning laws so renewable energy projects could proceed.
FRANKLIN SPECIAL INTERVIEW: US well down the climate track
18 Mar 2008
Climate change hold-out the United States might not rush to follow Australia into ratifying the Kyoto Protocol, but behind the scenes it’s moving quickly to legislate for something similar.
Tui gas flaring likely to be costly
18 Mar 2008
The consortium behind the Tui oilfield off the Taranaki coast is bracing itself for the carbon bill from its flaring of up to 500,000m3 a day of unusable gas when the emissions trading bill presently before Parliament is passed.
Renewables credits find ready markets
17 Mar 2008
Electricity generator Trustpower is finding ready markets for the carbon credits earned by its Tararua windfarms but the proceeds will do nothing to insulate consumers from rising power prices.
EXCLUSIVE PROFILE: The young millionnaire behind Green Carbon
17 Mar 2008
By Hugh de Lacy - The trauma of an 11-year-old only child seeing his parents all but ruined by the 1987 sharemarket crash is what drove Seeby Woodhouse into a hugely successful entrepreneurial career.
Calculate your deforestation liability
17 Mar 2008
The ValueADD Company has launched an online interactive calculator to determine carbon liabilities for de-foresting pre-1990 land. Some of the liabilities are significant.
Emissions trading bill backed – but with major safeguard reviews from 2012
17 Mar 2008
The New Zealand Business Council for Sustainable Development says it will back the Government’s move to introduce an emissions trading system.
Agricultural emission rumours discounted
16 Mar 2008
Rumours of a massive under-estimation of the level of greenhouse gases (GHG) emitted by agriculture in New Zealand appear to be unfounded, with the Ministry of Agriculture and Forestry (MAF) suggesting 50ha of exotic plantation will be enough to offset the emissions of a 500ha hill-country farm.
NZ Wine Co goes step further with zero carbon certification
12 Mar 2008
The New Zealand Wine Company (NZWC), makers of Grove Mill, Sanctuary and Frog Haven wines, has achieved carbon neutral recertification under the world leading carboNZeroCERT TM programme in a move which could have an important impact on future sales.
Corporate tax group's views on treatment of New Zealand emission trading units
12 Mar 2008
Inland Revenue is being asked to clarify how emissions trading units, used in the coming New Zealand emissions trading scheme, will be treated. This paper prepared by Deloitte for the Corporate Tax Group (representing 32 major corporations) and submitted to the IRD, sets out the issues – and proposed solutions in how ETUs should be treated for tax purposes.
Global Carbon Credits: Act to avoid carbon tax
12 Mar 2008
Press Release: Global Carbon Credits Ltd. Thursday, 13 March 2008 From The Office of Ross Garrick, Managing Director. In response to recent media attention on the topic of Carbon Credits and the New Zealand Emission Trading Scheme. We at Global Carbon Credits Ltd. (G.C.C) would like to make it known that we have already signed contracts with landowners in N.Z. to assess, manage and market the carbon offset potential of their land.
Climate adaptation plans welcomed, but funding remains the missing piece
Fri 17 Jul 2026
By Oli Lewis | Experts are welcoming a proposal to make climate adaptation planning mandatory, but warn the plans may be ineffective without clarity around who will pay to implement them.
New legislation to bar climate torts proves polarising for submitters
Fri 17 Jul 2026
By Liz Kivi | Opponents of legislation to block climate lawsuits say it could seriously damage investor confidence, while supporters of the same legislation argue that not passing it could be “devastating” for the New Zealand economy.
$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.
Media round-up
9 Jul 2026
In our round-up of climate coverage in local media: The Government re-wrote fast-track law after mining companies pushed for change; costs from inland flooding are expected to rise by up to 53% by 2075; and is there such a thing as a sustainable tourist?
University launches worldwide search for nature-focused researchers
Wed 15 Jul 2026
Media release | As governments and businesses around the world grapple with climate change and biodiversity loss, Waipapa Taumata Rau, University of Auckland is launching an international search for ten PhD researchers to help shape a more nature positive economy.
Inaction on shipping decarbonisation could cost NZ up to $94b by 2050, report says
30 Jun 2026
By Oli Lewis | Failing to support and enable the decarbonisation of the shipping industry could result in losses of $17.5 billion to $94.4b to the New Zealand economy by 2050, according to a report from the Aotearoa Circle.
UK withdraws millions in funding from world’s second-largest rainforest in Congo
Fri 17 Jul 2026
The UK has abandoned projects worth tens of millions of pounds that were meant to help protect Congo rainforests and support local people.
Climate law introduced requiring adaptation plans and reducing Commission's role
Wed 15 Jul 2026
By Oli Lewis | The Government has introduced legislation to amend the Climate Change Response Act (CCRA), which includes stripping the Climate Change Commission of one of its core roles, adds a new requirement for councils to produce adaptation plans for higher-risk areas, and updates ETS settings.
Coal is back in Australian Super’s portfolio. What happened to that net zero pledge?
Mon 13 Jul 2026
In 2020 Australia’s biggest super fund dumped its Whitehaven shares. Fast forward to 2026 and it is now the coalminer’s single biggest investor.
Politicians need to lead on climate: Carr
30 Jun 2026
As the election campaign heats up, former Climate Change Commission chair Rod Carr has a list of actions he's hoping to see from our aspiring leaders, which includes confronting climate denial as well as refusing funds or policy advice from vested interests.
EMA pushes for steady hand on energy and regulation
Mon 13 Jul 2026
By Shannon Morris-Williams | The Employers and Manufacturers Association wants the next government to commit to a long-term energy plan and allow faster investment in renewable generation, at the same time as slowing the pace of policy change and providing businesses with greater certainty.
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.
Experts call on Govt to withdraw ‘repugnant’ legislation to block climate lawsuits
Mon 13 Jul 2026
By Liz Kivi | Lawyers and climate policy experts are calling on the Government to withdraw legislation intended to block climate lawsuits, with an adaptation expert arguing that the legislation could worsen the insurance protection gap.
Government running out of time to lock in LNG import terminal deal before election
Thu 16 Jul 2026
By Oli Lewis | Procurement for a floating LNG import terminal in Taranaki is well advanced, the Government says, but the clock is ticking to sign contracts before the election.
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.
The heat waves are Andy Burnham’s problem now
Fri 17 Jul 2026
Recent record-breaking hot weather in the U.K. has made a chunk of voters more worried about climate change and impatient for help from the government.
Tarakihi on verge of extinction: Stock collapse exposes major fisheries management failings
3 Jul 2026
Media release: Environmental Defence Society | Fisheries NZ is consulting on new sustainability measures for the country’s two tarakihi stocks.
Emissions Trading Scheme ‘stockpile’ shrinking
9 Jul 2026
By Liz Kivi | The “stockpile” of NZUs in private accounts continues to shrink, with the latest Environmental Protection Authority figures showing the number has dropped by 9.5 million since this time last year.
“It’s by stealth, isn’t it?” The multi-million dollar effort by Australian fossil fuel companies to get into schools
Thu 16 Jul 2026
Australian oil, gas and coal companies want to get into school to shape what kids learn about their industry and climate change. One group has been trying to map the scale of the problem.
Clock ticks on Gas Security Fund as Tariki developer reports ongoing losses
Wed 15 Jul 2026
By Oli Lewis | A Canadian company advancing a major gas storage project in New Zealand continues to report ongoing losses.
$3m Govt boost for Tauranga geothermal energy
Tue 14 Jul 2026
By Liz Kivi | Resources Minister Shane Jones has announced a $3 million grant for the Gas to Geoheat Tauranga Geothermal System Project as part of the Government's plan to double geothermal energy by 2040.
The arms race to climate calamity
Fri 17 Jul 2026
COMMENT: Both Australia and New Zealand are justifying spending millions of dollars on high-end killing machines by hyping the so-called China threat, while downplaying the very real threat of climate change to the Pacific region, writes Jeremy Rose.
Conservation bill risks climate goals, lawyers say
1 Jul 2026
By Shannon Morris-Williams | Lawyers for Climate Action NZ says the Government's plan to change the law to encourage economic development on conservation land could undermine New Zealand's climate goals by weakening the land's ability to store carbon, as well as allowing new sources of emissions such as mining.
Govt climate claims don't match reality, lawyers say
17 Jun 2026
By Shannon Morris-Williams | Lawyers for Climate Action has accused the Government of presenting an overly positive picture of New Zealand's climate progress at the United Nations climate summit in Bonn, arguing key claims on emissions reductions and support for the Paris Agreement's 1.5°C goal are not reflected in domestic policy.
Lake Onslow pumped hydro consortium secures funding for consent push
26 Jun 2026
By Oli Lewis | The consortium behind Lake Onslow pumped hydro has secured funding to finalise its resource consent application, aiming to lodge it under the fast-track process before 2027.
Ballance secures gas for 2026 as it progresses energy transition plan
16 Jun 2026
By Oli Lewis | One of the largest industrial gas users in New Zealand is working on an energy transition plan to futureproof domestic fertiliser manufacturing, while continuing to secure ongoing gas supply contracts.
Climate change is here and we’re all paying for it
Wed 15 Jul 2026
By Raewyn Peart | COMMENT: Another week, another storm. Just days ago, Kaikōura saw two months of rain fall within 48 hours, the most recent in a long line of adverse weather events.
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.
Sustainable Business Council listed on submission supporting climate torts bar
Fri 17 Jul 2026
By Liz Kivi | Business New Zealand’s submission supporting legislation to block climate lawsuits raised eyebrows this week for listing the Sustainable Business Council as seemingly in support of the controversial law change.
Planetary Facts dashboard aims to make environmental costs visible
Wed 15 Jul 2026
By Shannon Morris-Williams | Consumers can now compare the environmental impacts of everyday products with a new online dashboard designed to do for sustainability what nutrition labels have long done for food.
Climate risks could reshape business finances, new guidance warns
15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
UN chief says fossil fuel industry must cut methane for warming “relief”
25 Jun 2026
UN chief António Guterres called for stronger action to cut emissions of planet-heating methane, taking aim at the fossil fuel industry’s practices and profits, and pointing to coal, oil and gas as the root of today’s climate and energy crises.
What’s next for Sams Creek after failed mining bid?
Wed 15 Jul 2026
Max Frethey, Local Democracy Reporter | A controversial gold mining application at Sams Creek has been declined, leaving question marks hanging over the future of the land.
Pacific coral reefs face mounting climate threat – experts
Thu 16 Jul 2026
By Shannon Morris-Williams | Coral reef scientists are warning that climate change is accelerating the decline of reef ecosystems across the Pacific, with rising ocean temperatures, marine heatwaves and sea-level rise threatening both biodiversity and the communities that depend on them.
Ugandan farmers launch UK court case against East African oil pipeline
9 Jul 2026
Four Ugandan farmers filed a case with London’s High Court aiming to stop the East African Crude Oil Pipeline from starting to operate by asking the court to apply Uganda’s laws against the project’s UK-registered company.
Carbon markets and biochar: a golden opportunity for NZ?
1 Jul 2026
By John O’Brien | COMMENT: New Zealand’s abundant and increasing forestry waste could become a multi-billion dollar opportunity for biochar carbon sequestration – as long as the right policies, programmes, and incentives are in place.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
UN plastics pact talks restart amid fears production curbs will be left out
2 Jul 2026
Diplomats reconvene a year after negotiations collapsed, but campaigners fear the agenda risks burying tricky discussions on key elements.
Conservation bill could put development ahead of protection, commissioner warns
Fri 17 Jul 2026
By Shannon Morris-Williams | Parliamentary Commissioner for the Environment Simon Upton says the proposed law changes could give economic development greater weight than conservation, undermining the purpose of the Conservation Act.
Northern Thai residents march for action on polluted rivers. ‘This is an emergency’
9 Jun 2026
More than 600 residents of Chiang Mai and Chiang Rai provinces embarked May 31 on a roughly 68-kilometer, six-day ‘peace walk’ to demand the Thai government take action on the river pollution crisis that has seen Thai rivers polluted with heavy metals.
Swarbrick slams $50m critical minerals funding as 'Trump's war machine' subsidy
7 Jul 2026
By Shannon Morris-Williams | The Green Party has criticised the Government's investment into two West Coast critical minerals projects, claiming the funding could ultimately support the United States defence industry rather than New Zealand's clean energy transition, while Shane Jones dismissed opponents as "flat earth idiots".
NZ lagging in energy storage investment – report
Tue 14 Jul 2026
Investment in energy storage is maturing globally, with the need for resilient and flexible power driving demand for storage, but New Zealand has some catching up to do, according to a new report.
Fast-track panel backs proposed Haldon Solar Farm
6 Jul 2026
By Shannon Morris-Williams | The proposed Haldon Solar Farm in the Mackenzie Basin has moved to the final stages of the Fast-track Approvals Act process after the Fast-track Panel proposed granting approval for the project.
Shining a light on Trans-Tasman solar reforms
Tue 14 Jul 2026
OPINION: The real test of solar reforms is how fast retailers can turn new rules into working tariffs, writes Mark Humphreys.
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.
Microsoft emissions surge 27% as AI buildout crimps climate goals
Mon 13 Jul 2026
Microsoft's greenhouse gas emissions jumped 27 percent in its latest fiscal year, the tech giant disclosed Thursday, adding to a wave of worsening environmental reports from an industry racing to build AI infrastructure.
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.
Govt backs hydrogen with national industry summit
9 Jul 2026
By Oli Lewis | The Government is convening a major hydrogen conference to promote awareness and uptake of the alternative fuel.
‘Those blocking climate science are not our friends': Pacific leaders warn at Bonn talks
23 Jun 2026
Pacific nations and civil society groups have united at UN climate talks, pushing back against efforts to weaken agreed language on global temperature limits as negotiations continue behind closed doors.
Next Govt must restart action on plastic pollution
1 Jul 2026
Media release - Zero Waste Aotearoa | Plastic Free July begins with an urgent call to put plastic pollution back on the political agenda. Plastic Free July is a worldwide campaign to reduce plastic waste and eliminate single use plastics.
Greens announce water policy, including nitrogen fertiliser phase-out
7 Jul 2026
By Liz Kivi | The Green Party announced its water policy yesterday, promising to phase out synthetic nitrogen fertiliser, as well as destructive fishing methods, if the party is elected in November.
Canadian wildfire smoke chokes Toronto, threatens US cities
Fri 17 Jul 2026
Toronto's air quality ranked the worst among major cities globally on Wednesday as wildfire smoke from northwestern Ontario blackened skies and spread into the northeastern United States, prompting health warnings and calls for residents to limit outdoor activities.
Faster consenting, harder trade-offs
7 Jul 2026
Faster consenting is starting to produce results, but this week's decisions show speed has not removed the harder trade-offs around electricity security, conservation, ecology and climate liability.
