Topics tagged with 'Carbon Credits'
Green Party releases alternative climate plan
9 Dec 2024
The Green Party wants to take forestry out of the Emissions Trading Scheme and instead create biodiversity credits for afforestation.
Govt to partner with private sector planting trees on Crown land
6 Dec 2024
Cabinet has agreed to look at public-private partnerships to plant trees on low value Crown land, in a move the government says will support New Zealand’s climate change targets and create more jobs.
Changes to limit ETS forestry will have 'dire consequences' - foresters
5 Dec 2024
Foresters say that new rules limiting farm to forestry conversions under the Emissions Trading Scheme are set to have dire consequences for forest growers as well as for the country’s ability to meet climate targets.
Carbon price steady following partial auction clearance
5 Dec 2024
The carbon price stayed steady on the secondary market following yesterday’s partial auction clearance, where 7 million NZUs went unsold.
No excuse to not slash climate pollution – Carr
5 Dec 2024
Outgoing Climate Change Commission chair Rod Carr says every sector faces challenges in reducing its contribution to greenhouse gas emissions, and New Zealand is not unique in its barriers.
Final auction of the year partially clears
4 Dec 2024
More than 7 million pollution permits will fail to enter the register this year, with just under half of a possible 14.1 million units selling across all the Emissions Trading Scheme carbon auctions this year.
Auction preview: experts predict partial clearance tomorrow
3 Dec 2024
The secondary carbon market is trading just above the $64 auction floor, as tomorrow’s highly anticipated auction looms - the fourth and final of 2024.
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.
Complex Article 6 rules pave way to unruly carbon markets
25 Nov 2024
Media release | Despite the best efforts of activists and some climate negotiators, the agreement reached on Article 6 carbon markets at COP29 in Baku risks facilitating cowboy carbon markets at a time when the world needs a sheriff.
Partial clearance possible at December auction
22 Nov 2024
The carbon price is hitting up against the $64 auction floor on the secondary market, with the government’s final quarterly auction for the year now less than two weeks away.
Delaying agricultural emissions pricing comes with a cost
20 Nov 2024
Holding back on agricultural emissions pricing could cost New Zealand hundreds of millions more in future offshore climate mitigation.
Govt opens consultation on next international climate target
20 Nov 2024
The government has opened public consultation on its international climate change target, which needs to be set by February 2025.
New carbon market rules could lock out forestry
19 Nov 2024
By Liz Kivi | New carbon market rules negotiated at the United Nations climate summit could have negative consequences for carbon forestry in New Zealand, experts are warning.
Carbon price predicted to rise after upcoming auction
14 Nov 2024
OPINION: Are NZUs set for a bump after the December auction? Nigel Brunel, managing director Marex New Zealand, thinks so.
Critics say approval of ‘climate credits’ rules on day one of COP29 was rushed
13 Nov 2024
Agreement on rules paving way for rich countries to pay for cheap climate action abroad breaks years-long deadlock.
NZ experts on UN climate conference
12 Nov 2024
With the United Nations’ major climate summit kicking off in oil-rich Azerbaijan, New Zealand’s climate policy experts are divided over the value of the meeting.
Constraints on forestry set to slash unit supply
8 Nov 2024
COMMENT: Carbon unit supply from forestry looks set to be limited by multiple factors - and by 2040 NZUs from new forestry are likely to fulfill only a fraction of demand, writes Ollie Batelier-Belton.
Media round-up
8 Nov 2024
In our weekly round-up of climate coverage in local media: Tensions flare over ETS forestry on the Chatham Islands; MPI questions the Climate Commissions native forestry targets; and extreme weather is costing vulnerable island nations billions.
Carbon price inching up as auction looms
7 Nov 2024
The carbon price is still inching up towards the auction floor, with the final auction for 2024 less than a month away. But the US election result means uncertain times for global environmental markets, according to an expert.
Carbon markets could boost climate action in least developed countries
6 Nov 2024
Media release | UNCTAD’s Least Developed Countries Report 2024 highlighted on Monday that the group of 45 least developed countries (LDCs) could use carbon market projects to enhance climate action by offsetting the buyers’ emissions at improved rates which will allow more investment.
Companies face 'significant' litigation risk over inaccurate emissions reporting
4 Nov 2024
Companies in the industrial sector are risking court action if they don't accurately report indirect emissions from their value chain, with the sector becoming an increasing target for litigation, according to new analysis.
Spain’s apocalyptic floods show two undeniable truths: the climate crisis is getting worse and Big Oil is killing us
4 Nov 2024
COMMENT: If past experience is any guide, the world’s reaction to the floods in Spain last week will be similar to that of motorway drivers at a crash scene: slow down, take in the horror, outwardly express sympathy, inwardly give thanks that fate picked someone else – and foot on the accelerator.
Verra’s plan to review carbon credits faster with fewer staff raises integrity concerns
4 Nov 2024
Verra’s new CEO said that “faster does not equal to compromise on integrity” – but independent carbon market experts are sceptical.
Govt should expect scrutiny over international climate targets
31 Oct 2024
The government should expect international scrutiny over progress towards its climate pledge, according to its own advisors.
Carbon credits essential part of decarbonisation toolkit: new report
31 Oct 2024
Carbon credits remain at the heart of global efforts to limit dangerous climate change, with prices predicted to rise towards US$125 by 2035, according to new analysis.
Upcoming auction pivotal for carbon market
29 Oct 2024
With the final carbon auction of the year less than six weeks away, experts are watching keenly to see if any carbon units are likely to enter the market at auction.
Why the time is right for Australia’s second shot at carbon pricing
25 Oct 2024
By Ross Garnaut | OPINION: Australia now has a government and parliament wanting to build Australia as the renewable energy superpower of the zero-carbon world economy.
Government consulting on ETS charges for forestry
23 Oct 2024
The government is proposing setting an annual per hectare charge for forestry in the ETS at $14.90 - about half the price set by the previous government, but still a significant increase on what foresters formerly paid.
Stockpile and forestry set to drive carbon price
23 Oct 2024
Stockpile holders will have the power to set the NZU price in future, as the importance of the government’s carbon auctions wanes, Emissions Trading Scheme participants were told last week.
US charges against carbon-offsetting boss highlight wider industry problems
18 Oct 2024
Kenneth Newcombe, a carbon-offsetting pioneer, is accused of a 100-million-dollar fraud scheme that could see him sentenced to 20 years in jail.
Brazil state to consult Indigenous people on carbon credits sale
18 Oct 2024
The government of the Brazilian state of Para in the Amazon will consult Indigenous communities on how they will benefit from the future sale of carbon offset credits that U.S. companies have agreed to buy to try to protect the rainforest.
Govt finances still don’t recognise climate liability
17 Oct 2024
Treasury has failed to recognise a liability for New Zealand’s international climate commitments in its latest financial statement, with its position unchanged on the multibillion dollar price tag of purchasing offshore mitigation.
Massive emissions from 2022 wetland fires
17 Oct 2024
More than 600,000 tonnes of carbon were lost to the atmosphere in recent fires at two of New Zealand’s most important wetlands, according to a new report.
NZ must work with other countries to reach climate goals: new research
14 Oct 2024
By Liz Kivi | Aotearoa’s international climate targets can only be met through funding significant emissions reductions in other countries. But a lack of public support to spend this money overseas is paralysing New Zealand’s progress towards its goal, according to researchers.
Government and sector to improve Forestry ETS Registry
14 Oct 2024
Media release | Forestry Minister Todd McClay today announced the establishment of a Forestry Sector Reference Group to drive better outcomes from the Forestry Emissions Trading Scheme (ETS) Registry.
UN carbon trading expert group agrees deal on market framework
14 Oct 2024
A UN expert group has reached a compromise on key elements of a global carbon trading system, in a bid to resolve nearly a decade of talks on what is seen as an important tool for raising climate finance.
Indigenous groups in Brazil: We were not consulted on carbon credits
14 Oct 2024
Indigenous organizations in the Brazilian state of Para said they were not consulted by the government before it signed a deal with multinational companies to sell carbon offset credits to support conservation of the Amazon rainforest in the state.
Minister to co-chair carbon market negotiations at COP29
11 Oct 2024
Climate change minister Simon Watts will chair negotiations on carbon markets at this year’s United Nations Climate Change Conference (COP29), in Azerbaijan next month.
Increased volatility as carbon price inches up towards auction floor
11 Oct 2024
The secondary carbon market saw a slight increase in volatility last week, with carbon trading platform Jarden noting higher volumes above the $62 mark.
Transpower backtracks on selling gas and carbon trading platform
11 Oct 2024
By Liz Kivi | Transpower has decided not to sell its gas and carbon trading platform, emsTradepoint, this year. However, the future of carbon trading on the platform is uncertain.
Can carbon credits help close coal plants?
10 Oct 2024
A few dozen kilometres from the Philippine capital Manila sits a coal plant that some hope could be a model for how developing countries can quit the polluting fossil fuel.
Amazon state that will host COP30 strikes largest carbon credit sale in history
9 Oct 2024
A coalition of developed countries and corporations has agreed to a massive purchase of carbon credits from the Amazon rainforest worth $180 million.
Carbon offset pioneer charged with $100 million fraud scheme
4 Oct 2024
US regulators say Australian national Ken Newcombe faked data for carbon credits investment. The Goldman and World Bank veteran denies the allegations but is facing up to 20 years in jail.
A federal attempt to foster ‘high-integrity voluntary carbon markets’ falls short
4 Oct 2024
New guidance for credit-based derivatives gives “imprimatur to a system that doesn’t have credibility to begin with.”
Manawa deal: a red rag to a bull
18 Sep 2024
Contact’s proposal to takeover Manawa may make commercial sense, but it is like waving a red rag at a bull when it comes to the politics of the move.
Minister says buying offshore carbon credits ‘unrealistic’
12 Sep 2024
By Liz Kivi | Climate change minister Simon Watts says buying carbon mitigation offshore to meet the country’s international climate obligations is “unrealistic”.
OPINION: Trees are the answer to more resilient rural landscapes, not the threat
9 Sep 2024
Media release | There are many ways the New Zealand Farm Forestry Association (NZFFA) could respond to Ewan McGregor’s opinion piece about the threat of pines to our rural landscape.
Councils to lose ability to make tougher local rules for forestry
6 Sep 2024
Foresters have welcomed the government’s announcement that it will roll back councils’ ability to introduce their own tougher rules for forestry, but the move is likely to be controversial with some local authorities.
'The Emissions Trading Scheme is broken': Carr
5 Sep 2024
By Shannon Williams | Aotearoa New Zealand’s Emissions Trading Scheme is broken and not fit for purpose, says Climate Change Commission chair Dr Rod Carr.
Carbon price steady following failed auction
5 Sep 2024
The carbon price on the secondary market stayed steady yesterday following the failed quarterly auction, for which no bidders fronted.
Auckland Council opens $1m Climate and Emergency Readiness Fund
4 Feb 2026
Community groups across Tāmaki Makaurau are being invited to apply for a new $1 million Climate and Emergency Readiness Fund, designed to support locally led action on climate change, disaster preparedness and climate adaptation.
Hydrogen plant to start construction
Tue 10 Feb 2026
Construction is set to start this month on Hiringa Energy’s long delayed green hydrogen project in South Taranaki, after years of consenting fights that culminated in the Court of Appeal rejecting Greenpeace’s challenge in late 2023.
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.
World fight against invasive species comes to Auckland
Tue 10 Feb 2026
Media release: University of Auckland | From countering invasive pink salmon in Norway to controlling feral cats in the Cayman Islands, knowledge on eradicating invasive species will be shared by international experts in New Zealand.
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.
IPBES: Four key takeaways on how nature loss threatens the global economy
Today 11:30am
The “undervaluing” of nature by businesses is fuelling its decline and putting the global economy at risk, according to a major new report.
Minister’s letters: Mildly positive or just virtue signalling?
Thu 5 Feb 2026
By Liz Kivi | The carbon market was buoyed slightly yesterday, after letters between the Government and the Climate Change Commission were proactively released.
LNG plan risks fossil fuel dependency: Environment Commissioner
Today 11:30am
By Pattrick Smellie | Importing liquefied natural gas risks creating a “new path dependency on fossil fuel” unless LNG is ring-fenced for use only in the electricity system and only during extended periods of hydro-electricity water shortages, says the Parliamentary Commissioner for the Environment, Simon Upton.
LNG: a rational choice compared to unpalatable alternatives
Tue 10 Feb 2026
By Pattrick Smellie | COMMENT: By deciding to underwrite the private construction of a liquefied natural gas import facility in Taranaki, the Government has made a rational choice in favour of energy security and affordability.
RMA’s successors hinge on two untested bets
17 Dec 2025
Two ideas sit at the heart of the Government’s replacement for the Resource Management Act: regulatory relief and spatial planning.
Opposition attacks Govt over fossil fuel phaseout backdown
2 Feb 2026
By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.
EU weighing options to support industry in carbon market overhaul
Mon 9 Feb 2026
The European Commission is looking at various ways to support industries in an upcoming overhaul of the EU carbon market to prevent them moving to areas with lower pollution standards, the head of the Commission’s climate department said late on Wednesday.
Govt missing opportunity to slash electricity prices, says expert
Today 11:30am
By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.
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.
$8.9m research project to map future ocean change around Aotearoa
Tue 10 Feb 2026
The major research project aims to better understand how warming oceans are driving extreme weather events around New Zealand, from heavy rainfall to tropical cyclones.
Transport dominates NZ’s rising consumer emissions
10 Dec 2025
By Shannon Morris-Williams | Transport pollution was the biggest contributor to an increase in New Zealand’s consumption-based emissions in 2023, with emissions from household travel up 12%, and consumption-based emissions totalling 58.3 million tonnes – up 1.6% from the previous year.
'Damning' report challenges forestry’s role in Tairāwhiti as sector rejects conclusions
4 Feb 2026
By Shannon Morris-Williams | New independent analysis commissioned by Mana Taiao Tairāwhiti challenges long-standing claims that industrial forestry underpins the Tairāwhiti economy.
Australian ministers met Japanese gas companies 20 times amid fossil fuel lobbying push
Today 11:30am
Australian government ministers met Japanese gas company executives more than 20 times in the last term of parliament as Labor encouraged investment in the fossil fuel industry.
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.”
US is canceling almost $30 billion in Biden-era energy loans
27 Jan 2026
The Trump administration said it’s canceling almost $30 billion of financing from the Energy Department’s green bank after reviewing transactions approved under former President Biden.
Green Member’s Bill aims to give whales legal ‘personhood’
Mon 9 Feb 2026
The Green Party wants to give whales legal rights, including the right to sue.
Govt slammed for weakening methane target
15 Dec 2025
By Shannon Morris-Williams The Government has pushed through legislation under urgency to almost halve New Zealand’s 2050 methane target – a move Opposition parties say disregards scientific advice, breaks the country’s hard-won political consensus on climate action, and shifts the burden of higher warming and higher future costs onto the next generation.
COP30 microcosm of difficult geopolitics, says Vanuatu's Climate Minister
15 Dec 2025
By Liz Kivi | Despite ‘intransigent’ states blocking multilateralism and a disappointing official outcome, Vanuatu’s Climate Change Minister Ralph Regenvanu says he left the COP30 climate summit feeling more positive than after previous UN climate conferences.
Hydrogen emissions are ‘supercharging’ the warming impact of methane
19 Dec 2025
The warming impact of hydrogen has been “overlooked” in projections of climate change, according to authors of the latest “global hydrogen budget”.
Wales council to buy and demolish homes prone to flooding
4 Feb 2026
A row of homes in a village in south Wales is to be bought by a local authority and demolished as they can no longer be protected from flooding caused by the climate crisis.
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.
Greenpeace set to take UK Government to court over deep-sea mining licences
Thu 5 Feb 2026
Environmental NGO Greenpeace has kick-started a legal challenge against the UK Government’s decision to approve the transfer of two seabed exploration licences to a newly-formed mining company with US links.
Govt unveils plans for carbon storage regulations – and ETS rewards
18 Dec 2025
By Liz Kivi | The Government has released plans to regulate carbon capture and storage in natural geological formations, which include Emissions Trading Scheme incentives, with the aim of introducing related legislation in 2026.
Ministers celebrate fast-track milestone amid criticism
Tue 10 Feb 2026
By Shannon Morris-Williams | The government is marking the first anniversary of its fast-track approvals regime, saying it is helping “build New Zealand’s future”, despite continued criticism from environmental groups, opposition parties, and industry voices following several controversial project decisions.
Govt looks to Commission for ways to shore up carbon price
4 Feb 2026
By Liz Kivi | The Government has asked the Climate Change Commission to look at lower auction volumes and an increase in the auction floor price as options to revive the Emissions Trading Scheme, as carbon prices remain weak.
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.
A turning point for our ocean: why the High Seas Treaty matters for the Pacific
Tue 10 Feb 2026
Media release: UNDP | The global ratification of the Biodiversity Beyond National Jurisdiction (BBNJ) Treaty marks a decisive moment in international cooperation and ocean governance. Referred to as the High Seas Treaty, the agreement establishes a legally binding framework to protect marine biodiversity in areas of the ocean that lie beyond national jurisdiction.
Out of Paris, but will the US formally quit the UN climate regime?
30 Jan 2026
The Trump administration has decided to withdraw the US from the broader UN climate convention, raising questions about the legality of the move and what it means in practice.
Commentators slam Govt inaction in aftermath of climate change-fuelled storms
30 Jan 2026
By Liz Kivi | Climate action - or inaction - is shaping up to be an election issue, with multiple commentators drawing a line between the Coalition Government’s backsliding on climate targets and the deadly extreme weather events of the past week.
Major health risks linked to plastics emissions set to soar by 2040
28 Jan 2026
The adverse health consequences stemming from the global plastics system are projected to more than double by 2040, driven by greenhouse gases, air pollutants and toxic chemicals released throughout its lifecycle.
Rushed resource management reform bills unworkable: Environmental Defence Society
Today 11:30am
By Shannon Morris-Williams | The Environmental Defence Society says significant amendments are needed to the government’s Natural Environment and Planning Bills, warning the proposed reforms risk weakening environmental limits, public participation, and regulatory certainty.
Three Greenpeace activists removed by police from Fonterra
17 Dec 2025
Media release | Three Greenpeace activists were removed by police from Fonterra’s downtown Auckland offices, following a protest on Monday at the Shareholders’ Fund meeting over the corporation’s role in the contamination of rural communities’ drinking water.
Critical minerals talks with US questioned in Waitangi Tribunal climate inquiry
Mon 9 Feb 2026
By Shannon Morris-Williams | New Zealand and the United States' negotiations over critical minerals have raised questions for the Waitangi Tribunal’s long-running inquiry into climate change.
Australia's renewables boom delivers coveted power price payoff
Today 11:30am
Australia's wholesale electricity prices fell to the lowest in four years in 2025, bucking the rising price trends seen elsewhere and validating claims that renewables-heavy power system overhauls can help lower consumer power costs.
NZ-UAE partnership boosts advanced tech
Mon 9 Feb 2026
Media release | A new Antarctic science partnership with a leading UAE university will grow New Zealand’s advanced engineering and modelling capability, supporting high-value jobs, encouraging economic growth, and enabling smarter climate risk management, Science, Innovation and Technology Minister Dr Shane Reti says.
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.
NZ hydrogen regulation to catch up with the world
18 Dec 2025
By Pattrick Smellie | The government has announced a regulatory reset for New Zealand’s emerging clean tech hydrogen sector.
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.
China maximises battery recycling to shore up critical mineral supplies
Today 11:30am
Beijing is bracing for a tsunami of spent EV batteries by taking steps to boost recycling – a strategy that could also cut its reliance on imports of clean energy minerals.
Vanuatu introduces draft UN resolution on ICJ demanding full climate compensation
Today 11:30am
Media release: Vanuatu Government | Vanuatu has introduced the zero draft of a United Nations General Assembly resolution to endorse the International Court of Justice’s advisory opinion on the obligations of states in respect of climate change, delivered on 23 July 2025.
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.
Heatwaves, downpours and droughts – Auckland on track for more extreme weather
1 Dec 2025
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.
Argentina fires ravage pristine Patagonia forests, fueling criticism of Milei’s austerity
4 Feb 2026
The wildfires, among the worst to hit the drought-stricken Patagonia region in decades, have devastated more than 45,000 hectares (174 square miles) of Argentina’s forests in the last month and a half, forcing the evacuation of thousands of residents and tourists.
World's first 20 MW offshore wind turbine powers grid in China
Tue 10 Feb 2026
The world's most powerful offshore wind turbine has begun feeding electricity into the grid off the coast of southeast China, marking a major technological leap in the country's wind power industry.
