Topics tagged with 'Carbon Credits'
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.
Carbon auction fails again
4 Sep 2024
The September carbon auction has failed, with no bidders fronting at the auction and millions of units now rolling over to the December auction, increasing the likelihood that auction will fail as well.
Market looks to tomorrow’s carbon auction
3 Sep 2024
The carbon price crept up last week, as the market had its second-biggest month of traded volume ahead of tomorrow’s auction, with some commentators saying it’s a done deal that the auction will fail.
‘Blue carbon’ markets needed - new research
3 Sep 2024
Researchers are calling for a national blue carbon strategy, with government regulation needed for voluntary markets to enable large-scale blue carbon projects.
Price shocks still possible for carbon market: experts
30 Aug 2024
While the government’s move to slash carbon auction volumes has stabilised New Zealand’s compliance carbon market somewhat, experts say there is still potential for market volatility due to wider uncertainty around climate policy.
Climate plan risks high future costs
29 Aug 2024
The government’s ‘least cost approach’ to emissions reductions risks passing on significant costs to future generations, according to the Parliamentary Commissioner for the Environment.
Reported emissions down, carbon market up
28 Aug 2024
The Environmental Protection Authority published the latest Emissions Trading Scheme data on emissions and removals earlier this month, with reported emissions down overall, while reported removals increased.
Govt still working on land use restrictions for ETS: Watts
23 Aug 2024
Climate change minister Simon Watts says the government is still working on policy to restrict land entering the Emissions Trading Scheme but hopes to deliver it “this side of Christmas.”
Pine forests will increasingly replace farmland unless policies change - new research
22 Aug 2024
More New Zealand farms could give way to pine forests under current policy settings, according to new research.
Carbon market buoyed by ETS settings announcement
21 Aug 2024
The carbon price shot up yesterday, following the government’s announcement it would reduce auction supply of carbon credits by more than half.
Govt slashes ETS auction volumes
20 Aug 2024
The government has slashed Emissions Trading Scheme auction volumes from next year, following the Climate Change Commission’s advice to reduce the amount of units on offer at auction by more than half.
Govt keeping options open on international climate targets: Watts
15 Aug 2024
By Liz Kivi | The government is looking at multiple ways to meet New Zealand’s 2030 Nationally Determined Contribution (NDC), according to climate change minister Simon Watts.
Carbon market plays waiting game with ETS announcement to come
9 Aug 2024
The carbon price stayed relatively flat last week, but with a high volume of NZUs changing hands, as the market awaits the government’s upcoming announcement on Emissions Trading Scheme settings.
Solving the carbon market ‘integrity crisis’
9 Aug 2024
It’s been a rough couple of years for the voluntary carbon market, with allegations about the shaky integrity of various projects, and a huge slump in demand.
Carbon capture – climate plan not clear cut
6 Aug 2024
Capturing carbon is capturing imaginations, but can it live up to the government’s expectations?
Brazil minister warns carbon credit buyers to beware fraud
6 Aug 2024
Environment minister Marina Silva says alleged criminal schemes in Amazon could harm the reputation of credits.
How is the draft Emissions Reduction Plan supposed to work?
5 Aug 2024
COMMENT: In its new climate plan, the coalition government seems to be setting New Zealand up to withdraw from the world carbon market before 2035, argues economist Geoff Bertram.
Carbon futures offer new opportunity for forest owners
1 Aug 2024
By Liz Kivi | The first few days of trade for Australian and New Zealand carbon futures contracts on the Australian Securities Exchange got off to a slow start since launching on Monday.
Singapore Carbon Market Alliance launches
1 Aug 2024
Media release | The Singapore Economic Development Board and IETA have launched the Singapore Carbon Market Alliance, the first platform in Singapore aimed at helping companies obtain access to high-quality Article 6 carbon credits.
Significant risk Aotearoa will not meet climate targets: Climate Commission
31 Jul 2024
There is a significant risk that New Zealand will not meet future emissions reductions targets, according to a new report from the Climate Change Commission.
Commtrade makes spot price unavailable
25 Jul 2024
By Liz Kivi | Jarden’s digital carbon trading platform, Commtrade, has locked market watchers and the general public out of viewing its last traded spot price, just as the government said it wanted to improve market transparency.
Carbon market ‘underwhelmed’ by govt climate plan
24 Jul 2024
The carbon market barely blinked last week when the coalition government released its major climate policy, the second emissions reduction plan, which is intended to chart a path to reach climate targets to 2030.
British trading house Marex launches in NZ
19 Jul 2024
UK trading house Marex has officially launched in New Zealand, with an office in Auckland and plans to start its own carbon trading platform.
Media round-up
19 Jul 2024
In our weekly round-up of climate coverage in local media: how the government's climate plan does less with more; experts say the plan puts NZ's reputation at risk; and why getting the ETS right will be critical to investment.
New plan might see climate change minister in court
18 Jul 2024
Lawyers for Climate Action say there are “significant concerns” about whether the government’s new climate plan will achieve its climate targets, and could be in breach of the Climate Change Response Act.
Foresters say govt planting forecasts are wrong
18 Jul 2024
Foresters say the government's planting forecasts in its new climate plan are wrong, with the actual planted areas likely to be about half the government’s projections in 2024, according to the New Zealand Institute of Forestry.
Govt releases emissions reduction plan
17 Jul 2024
Climate change minister Simon Watts has released the second emissions reduction plan for consultation, with proposed changes to the Emissions Trading Scheme including aligning ETS units with emissions budgets and reviewing the free industrial allocation of units.
Jarden launches commtrade platform in Australia
16 Jul 2024
Jarden is launching its renewables trading platform in Australia, looking to grow carbon credits trading as the energy transition continues.
ACT submits bill to stop regional councils considering climate impacts
15 Jul 2024
ACT MP Mark Cameron has lodged a new member’s bill to stop regional councils from considering climate change impacts in consenting decisions.
Climate strategy contradictory - or step in the right direction?
11 Jul 2024
A climate policy expert and IPCC lead author is concerned that progress on climate will be lost if the government doesn’t overhaul the Emissions Trading Scheme and introduce other complementary policies to reduce emissions.
Govt must not lower ETS auction floor price
11 Jul 2024
By Nigel Brunel | OPINION: The coalition government has undermined confidence in our central mechanism to deal with climate change, the Emissions Trading Scheme, and needs to stop meddling and start building back confidence in the market.
Watts unveils five-point climate strategy
10 Jul 2024
Climate change minister Simon Watts this morning announced a strategy of “five core pillars” to deliver climate change goals.
Initial carbon trading boost following stockpile reduction
9 Jul 2024
There was an initial “flurry” of carbon units trading hands on the secondary market last week, following a government update revealing a 25 million decrease in the stockpile of units in private accounts.
Digital token launched to encourage sustainable mahi
5 Jul 2024
By Jeremy Rose | Te Kautuku is a 930ha Māori land block on the far East Coast. Its natural ecosystems range from lowland forests to duneland, with wetlands and river systems connecting directly to the Pacific Ocean.
Carbon credit ‘stockpile’ down by 25 million units
4 Jul 2024
The NZU ‘stockpile’ has shrunk by 24.5 million NZUs, with emitters surrendering their units ahead of the May 31 deadline removing a hefty chunk of the surplus, according to the latest government figures.
Where did govt suggestion for lower NZU prices come from?
3 Jul 2024
When a recent consultation on Emissions Trading Scheme settings suggested a lower pricing corridor for NZUs, prices in the secondary carbon market plummeted and have continued to stay moribund.
Carbon market: auction floor now 'ceiling price'?
27 Jun 2024
By Liz Kivi | The price of NZUs has hovered around the $50 mark following last week’s failed auction, with some experts saying the auction floor price of $64 now represents a kind of “ceiling price” which secondary market trading will stay below.
‘Stop burning fossil fuels’ pleads scientist as extreme rain causes floods yet again
Fri 27 Mar 2026
Northland and Auckland have again been lashed by heavy rain, with hundreds of people evacuated last night because of extensive flooding in the Far North, and some areas hit by more than a month's average rainfall in just 24 hours.
Beef production drives 40% of agriculture-linked forest destruction, Brazil leads
Thu 26 Mar 2026
Beef production is the leading driver of agriculture-linked deforestation, accounting for 40% of all forest clearing done to open space for food production, according to details of a study released on Tuesday.
$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.
Signs of jet fuel hoarding emerge in Asia on Iran oil shock
Thu 26 Mar 2026
Signs are growing that Asian countries are hoarding jet fuel after the Iran war sent oil prices surging, reflecting growing strain on the aviation industry.
Wellington planting nears one million trees
Today 11:30am
By Shannon Morris-Williams | Greater Wellington’s parks restoration programme will hit one million native trees this year, with the first dams to rewet peat wetlands in Queen Elizabeth Park now completed after a years-long effort to bring these ecosystems – and their carbon sequestering superpowers – back to life.
Air NZ joins Marsden Point SAF project
3 Mar 2026
By Pattrick Smellie | Air New Zealand has quietly added its name to a consortium exploring the viability of green hydrogen production for sustainable aviation fuel at Channel Infrastructure’s Marsden Point energy hub.
France confirms oil crisis, says 30-40 percent of Gulf energy infrastructure destroyed
Today 11:30am
France's Finance Minister Roland Lescure revealed that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran's retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.
Carbon price: Ups and downs amid geopolitical uncertainty
Thu 26 Mar 2026
By Liz Kivi | After ups and downs in recent weeks, the carbon market again broke above the $40 mark this week, with questions around how the Middle East conflict will play out weighing on market confidence.
NSW to ban new coalmines in major shake-up for $23bn industry
23 Mar 2026
A major shake-up is on the way for one Australian state’s single biggest export, which powers homes here and abroad.
Hormuz crisis critical to New Zealand
10 Mar 2026
By Nathan Surendran | COMMENT: Why the Hormuz crisis is a symptom, not the disease – and what it means for New Zealand.
Sustainable retail-office project breaks ground under new Green Star framework
19 Feb 2026
Construction is set to begin on a new retail-office development in central Auckland, which is targeting a 40% reduction in embodied carbon and 25% lower energy.
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.
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.
Open letter: NZ needs an essential use allocation plan for fuel – now
Today 11:30am
Wise Response Society | We are writing to make one demand: the government must publish a quantified, ranked essential use allocation plan for fuel - with litres-per-day allocations, tied to actual onshore stock levels and realistic resupply assumptions.
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.
Tuvalu prioritises climate change in agreement with NZ
Fri 27 Mar 2026
By Liz Kivi | New Zealand has pledged an additional $20 million to climate resilience work in Tuvalu, more than doubling Aotearoa's aid to the tiny island nation in the current financial year.
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.
MfE forecasts suggest diminishing NZU stockpile
19 Mar 2026
By Clive Bradbury | ANALYSIS: The Ministry for the Environment has updated its NZ ETS forecasts of emissions, removals and entitlements from the Crown's financial forecasting, with predictions pointing to a significant drop in the ‘stockpile’ this year.
LNG sold as insurance, but modelling points to a bigger role
19 Mar 2026
New Zealand’s gas market is heading for a sharp contraction whether the country sticks with domestic supply alone or introduces liquefied natural gas imports.
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.”
Gaps in adaptation taxonomies hinder climate finance in Asia: report
5 Mar 2026
Without clearer criteria and metrics in adaptation taxonomies, Asia risks widening its climate financing gap, warns a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Top scientist speaks out against Trump regime’s attack on premier research centre
23 Mar 2026
By Liz Kivi | Kevin Trenberth, one of the world’s leading climate scientists, now based in New Zealand, has told the Trump administration he is “appalled” at its attempt to break up the international research centre he has been associated with for nearly 50 years.
Five trees can’t offset a car: Lawyers accuse Mazda of greenwashing
9 Mar 2026
By Shannon Morris-Williams | Lawyers for Climate Action NZ is taking Mazda to the Advertising Standards Authority over its claims that a tree-planting programme will offset vehicle emissions.
Govt missing opportunity to slash electricity prices, says expert
11 Feb 2026
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.
NZ prepares to join ‘gold rush’ for white hydrogen
Wed 25 Mar 2026
By Pattrick Smellie | New Zealand may be close to commercialising the capture and use of naturally occurring ‘white’ hydrogen, with investment plans for developments in the Wairarapa region picking up pace in response to spiralling oil prices.
Media round-up
20 Mar 2026
In our round-up of climate coverage in local media: Crown lawyers agree High Court could quash emissions plan if found unlawful; NZ is locked in 'disaster inertia'; and climate change is notably absent from new development laws.
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.
Govt process to change climate plan ‘fundamentally flawed’, says judge
18 Mar 2026
By Pattrick Smellie | The government’s 2024 changes to New Zealand’s first Emissions Reduction Plan was “as fundamentally flawed a process as I think I have ever seen”, the judge presiding in a case challenging climate change decision-making has said.
Cleantech expo coming to Auckland
Thu 26 Mar 2026
New Zealand’s first national cleantech expo is set to bring together 30 innovators, in what organisers say is the country’s fastest growing area in the tech sector.
NZ First targets regional share of mining royalties
Today 11:30am
By Shannon Morris-Williams | New Zealand First has proposed returning 50% of mining royalties to regional communities, saying that too much of the value from resource extraction is currently flowing to Wellington.
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.
Worst in a generation: Environmentalists slam fisheries reform bill
Wed 25 Mar 2026
Media release: Greenpeace | The Fisheries Amendment Bill, which will likely have its first reading in parliament this week, is being labelled the worst fisheries policy in a generation by environmental groups who are calling for it to be rejected to protect ocean health.
Close questioning over ‘ministerial latitude’ at climate hearing
17 Mar 2026
By Pattrick Smellie | Lawyers challenging the legality of the government’s emissions reduction plans faced close questioning on the limits of ministerial foresight in the first of three days of hearings at the Wellington High Court yesterday.
Kiwis overly optimistic about state of environment
27 Feb 2026
By Shannon Morris-Williams | New research suggests many New Zealanders believe the environment is in better shape than it really is, with public perceptions often out of step with scientific evidence.
‘They pushed so many lies about recycling’: the fight to stop big oil pumping billions more into plastics
24 Feb 2026
Plastic production has doubled over the last 20 years – and will likely double again. For author Beth Gardiner, metal water bottles and canvas tote bags are not the solution. So what is?
Cost of living dominates Kiwis’ concerns – but sustainability still shapes trust, choices and expectations of business
Today 11:30am
Media release: Sustainable Business Council | The cost of living continues to emerge as New Zealanders’ top concern - yet sustainability continues to play a decisive role in how people judge businesses, according to new research.
Activists occupy controversial gold drilling site
Wed 25 Mar 2026
By Max Frethey, Local Democracy Reporter | Opposition in Golden Bay to a controversial gold mine at Sams Creek has flared up over the weekend after several activists briefly occupied a drilling site.
China has a new competitor? Kazakhstan reveals huge rare Earth deposit that could power the next tech boom
25 Feb 2026
China’s grip on rare earths might finally see some competition, and the world is already taking notice.
Solar is Southeast Asia’s cheapest buffer against future shocks
Thu 26 Mar 2026
Southeast Asian countries’ planned expansion of gas power could increase the cost of generating electricity to $109 billion by 2030 based on future price projections — more than double the cost of generating the same amount of electricity with solar.
World-leading plasma torch takes aim at NZ's most potent greenhouse gases
Tue 24 Mar 2026
Media release | A high-tech plasma torch was lit up today as Minister of Conservation, Hon Tama Potaka, officially opened the $10 million National Refrigerant Destruction Facility – signalling a new era in addressing the environmental impact of New Zealand’s most potent greenhouse gases.
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.
Why the Iran war may have just killed the AI boom
Thu 26 Mar 2026
The $1.5 trillion in committed AI infrastructure spending by major tech companies is built on an assumption of a functional global supply chain, which the Iran conflict has fundamentally broken.
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.
Two Australian states offer free public transport as war pushes up fuel prices
Today 11:30am
Public transport in two Australian states will be made free to incentivise people not to drive as fuel prices soar due to the war in the Middle East.
Infrastructure plan calls for ‘predictable approach’ to electrifying economy
18 Feb 2026
Aotearoa’s first National Infrastructure Plan, introduced to Parliament yesterday, calls for "a predictable approach to electrifying the economy" as one of ten priorities for the next decade.
Global coastal sea-level risks may be underestimated, say scientists
5 Mar 2026
By Shannon Morris-Williams | Coastal communities across the Pacific and Southeast Asia could be facing greater sea-level rise risks than previously estimated, researchers say.
AI tool predicts wildfire danger faster than current systems
Thu 26 Mar 2026
Media release | A wildfire forecasting system powered by artificial intelligence could help detect dangerous fire conditions earlier and reduce the cost of wildfire response, according to new research from Te Whare Wānanga o Waitaha | University of Canterbury.
Western Australian communities want mandatory payments from new renewable developments
6 Mar 2026
The West Australian government wants to make new wind and solar farms pay into community funds, but host towns say more work needs to be done to make sure the payments actually happen.
