Topics tagged with 'Carbon Credits'
Carbon price nosedives following auction
21 Mar 2024
By Liz Kivi | The carbon price has dropped to its lowest since July last year, following yesterday’s partial auction clearance.
First ETS auction of the year partially clears
20 Mar 2024
Today’s Emissions Trading Scheme auction has partially cleared.
Carbon price scraping the auction floor just ahead of Wednesday's auction
18 Mar 2024
The carbon price is at its lowest in nearly six months, with poor investor sentiment just ahead of the first auction of the year on Wednesday.
Tepid market response to Commission’s advice - auction less than a week away
14 Mar 2024
By Liz Kivi | The Climate Change Commission’s call to drastically reduce Emissions Trading Scheme auction volumes has barely caused a blip on the secondary market - suggesting participants don’t think the government will follow the advice.
Govt changes ETS reserve price methodology ahead of auction
11 Mar 2024
The government has announced it has changed the methodology used to calculate the confidential reserve price for Emissions Trading Scheme auctions, as the NZU price gains ground in recent days.
Govt still committed to 'no significant changes' to ETS
7 Mar 2024
Despite warnings from the Climate Change Commission, Climate Change minister Simon Watts says the government remains committed to no significant changes to the Emissions Trading Scheme.
Canned govt fund delivered emissions reductions at half current carbon price
5 Mar 2024
By Vernon Small | The effective price the government paid for carbon emissions through the GIDI fund was about half – or less – than the current NZ unit spot price of $66.05.
Foresters welcome ETS costs review
1 Mar 2024
The New Zealand Forest Owners Association says the review of Emissions Trading Scheme fees is a relief for foresters facing excessive costs, but experts say forestry still faces an uncertain future under the scheme.
In its current state the ETS will fail to deliver significant emission reductions: Rod Carr
28 Feb 2024
By Jeremy Rose | Climate Change Commission chair Rod Carr has told the Environment Select Committee that, in its current state, the ETS will fail to deliver significant emissions reductions.
Environmental Defence Society says "radical anti-environment government" could harm NZ's reputation
27 Feb 2024
The Environmental Defence Society says the government’s environmental policies could cause environmental harm as well as threaten New Zealand’s international reputation.
Carbon price dips closer to auction floor
23 Feb 2024
By Liz Kivi | The carbon price has dipped closer to the auction floor, with an increase in selling blamed on an overall weakness in the market.
Carbon price drops below $70 with March auction just a month away
21 Feb 2024
NZUs sank into the sixties on the secondary market at the end of last week, with speculation surrounding whether the government will adjust the confidential reserve price to raise revenue at next month’s auction.
Researchers looking to develop ‘resilience credit’
20 Feb 2024
Researchers are hoping to develop the world’s first 'resilience credit' as the ultimate goal of a project looking at how salt marshes and mangroves could protect the Bay of Plenty’s coastline from climate change.
Govt finances should recognise climate liability: experts
16 Feb 2024
The government’s books need to recognise a liability for buying carbon units offshore to meet international obligations, according to accounting experts, with billions of dollars of spending needed to meet the 2030 commitment.
NZ lagging in forging agreements to meet climate obligations
16 Feb 2024
New Zealand is lagging behind other countries in sealing bilateral deals to meet climate targets - a delay which could lead to higher costs, according to a climate policy consultant.
EPA says financial situation now critical
12 Feb 2024
The Environmental Protection Authority has warned that its financial situation is now critical.
Climate leadership top issue in 2024: Institute of Directors
9 Feb 2024
Climate leadership is top of the list of major issues for directors in 2024, with carbon pricing set to take on new importance, according to the Institute of Directors.
“Shameful”: Shell uses carbon credits under investigation to meet climate targets
5 Feb 2024
The oil and gas giant offset part of its emissions with over a million credits from Chinese projects suspended because of integrity concerns.
EU free trade agreement with “ambitious” climate commitments a step closer
2 Feb 2024
New Zealand’s Free Trade Agreement with the European Union, which carries sanctions if one of the parties doesn’t meet climate commitments, is a step closer. However the country’s climate targets seem to be moving further out of reach.
Carbon price trending upwards
1 Feb 2024
The carbon price is up more than $5 on the secondary market since the start of last week, making a jump of nearly 9%.
Carbon startups pin hopes on future regulation to boost their fortunes
26 Jan 2024
Carbon credits startup, Ceezer, is part of the new wave of tech-driven offsetting and/or removal platforms trying to bring transparency and cohesion to a sector that has been rocked by charges of “green-washing”.
ACT’s proposed climate bill ‘concerning’ - expert
25 Jan 2024
A private member's bill from the ACT Party could delay gross emissions reductions and ultimately threaten New Zealand’s climate targets, according to an expert.
Govt releases submissions on canned ETS review
22 Dec 2023
The government has released submissions on the controversial review of the Emissions Trading Scheme, started by the previous government but canned by new Climate Change minister Simon Watts.
Treasury increases estimated ETS auction revenue
22 Dec 2023
Treasury has increased its forecast ETS auction revenue from $2.7 billion to $3.5 billion.
Govt must address climate crisis: Lawyers
14 Dec 2023
Activist lawyers have put the new government on notice that they could be facing legal repercussions if they fail to take adequate action to meet the country’s climate targets.
Climate Change Commission doubles down on ETS criticism
13 Dec 2023
The Climate Change Commission has doubled-down on its long held view that the ETS is not fit for purpose when it comes to driving down emissions, in its latest advice to government.
Environmental Defence Society calls on climate minister to revisit ETS review
12 Dec 2023
The Environmental Defence Society is calling on the government to revisit its decision to stop the Emissions Trading Scheme review.
Kiwi nature-based solution at COP28
11 Dec 2023
A nature-based climate solution to strategically restore and enhance 2.1 million hectares of Indigenous forest across Aotearoa over the next decade took the stage at the UN’s global climate summit yesterday.
Climate minister confirms commitment to international climate targets
8 Dec 2023
Climate Change minister Simon Watts confirmed New Zealand’s commitment to the Paris Agreement ahead of flying to Dubai for the annual United Nations climate summit.
Best by the rest...
8 Dec 2023
In our weekly round-up of the best climate coverage in local media: COP28’s first Health Day points to what needs to change in NZ; Protecting climate refugees is more urgent than ever; And Subsidising petro-states to stop drilling oil and gas.
Carbon price down following declined auction
7 Dec 2023
The carbon price is down following yesterday’s failed auction, which sent 15 million NZUs out of the ETS for good.
New Zealand criticised for dependence on offsetting
7 Dec 2023
New Zealand has been singled out, along with Japan and South Korea, for relying on offshore offsetting to meet its nationally determined contribution in the latest update by non-profit Climate Action Tracker.
Fourth consecutive carbon auction failure sends 15 million carbon units up in smoke
6 Dec 2023
The final ETS carbon auction of the year has failed, taking 15 million tonnes worth of carbon “pollution permits” out of the market - and a potential $1 billion out of the government’s coffers.
Controversial carbon credits flood COP28, yet still no rules
6 Dec 2023
The COP28 climate talks have been flooded with announcements hyping controversial carbon credits before rules for them have been hammered out, with environmental groups fearing "greenwashing" on a massive scale.
Carbon price up ahead of auction next week
1 Dec 2023
The carbon price is up to just under $75 ahead of the Emissions Trade Scheme auction on Wednesday next week.
Scrutiny on global voluntary carbon market and changes to ETS led to Toitū dropping NZUs
1 Dec 2023
By Ann Smith | OPINION: Toitū’s decision last week to transition away from accepting New Zealand carbon credits brought the global voluntary carbon market, and debates about its integrity, into sharp focus.
Massive native reforestation project proposed
29 Nov 2023
By Jeremy Rose | New Zealand could go from being a buyer of offshore carbon credits to an exporter of offsets, according to the promoters of an ambitious plan to reforest and restore 2.1 million hectares of indigenous forests over the next 10 years.
Toitū to stop accepting NZUs
23 Nov 2023
Toitū Envirocare, the government’s carbon certification service, announced today that it will transition away from accepting New Zealand carbon credits in its carbon certification programmes.
Carbon price steady amidst political uncertainty
16 Nov 2023
The carbon price has pushed through the $70 mark over the last past two months, from a low of $64 in late September to a high last week of $71.25.
Taskforce recommends continuous canopy forestry for Nelson
9 Nov 2023
A taskforce is calling for a halt to clear-felling on Nelson council land, and a transition to a continuous canopy of mixed species to replace the council’s commercial forestry operations, as part of a set of recommendations that will be presented to Nelson City Council today.
Carbon price predicted to go close to $100 in 2024
8 Nov 2023
An expert is picking a bump in the carbon price if the December auction doesn’t clear, predicting it will to go up to between $80 and $100 next year - with an expectation it will be closer to $100.
Best by the rest...
27 Oct 2023
In our weekly round-up of the best climate coverage in local media: Is a $90m project to cool cow burps working? an East Coast leader argues that indigenous reforestation is a Treaty right; and MetService defends its inability to forecast the extreme rainfall that led to Auckland’s deadly floods.
Australian carbon price set to double
17 Oct 2023
Analysts say Australia’s carbon price is set to double, with reforms underway affecting industrial greenhouse gas emitters who are responsible for about 28% of the country’s emissions.
NZX updates ETS auction calendars
13 Oct 2023
NZX has updated the Emissions Trading Scheme auction calendars, with new settings in line with Climate Change Commission recommendations.
NZ still has a long way to go to meet emission reduction targets: "This ship can sink"
10 Oct 2023
By Robert McLachlan | COMMENT: The 2016 Paris Agreement contains a built-in feedback mechanism to help ensure that its goals are met: the Global Stocktake. Every five years all pledges and progress are assessed and compared to the targets on warming, adaptation, and financing.
Govt releases Cabinet papers on ETS forestry charges
5 Oct 2023
The government has proactively released cabinet papers on controversial new charges for forestry in the Emissions Trading Scheme.
Wildfire conditions could be worst for 25 years
29 Sep 2023
By Liz Kivi | A wildfire expert says that New Zealand could be heading for the worst wildfire conditions for 25 years this summer, with El Niño and climate change combining to bring dry spells, high temperatures and high winds.
Likely ETS auction failure will eat into stockpile
29 Sep 2023
The likely failure of the final ETS auction of the year in December would result in a significant chunk of the current stockpile evaporating.
Differing visions for Climate Change Commission
27 Sep 2023
By Jeremy Rose | The Act Party wants it abolished, NZ First is calling for its head’s head, and Labour, the Greens and TOP want it given more powers.
Can ‘carbon offsets’ help to tackle climate change?
27 Sep 2023
Every day, people are invited to buy products and services with supposed climate benefits – whether this be “carbon-neutral flights”, “net-zero beef” or “carbon-negative coffee”.
How flying can be a climate solution
Today 10:45am
By Paul Callister and Robert McLachlan - Planetary Ecology | How can aviation contribute to tackling climate change when no practicable technology-based solutions are on the horizon?
Forestry consents and relaxed rules in erosion zones sow seeds of future disaster
Fri 13 Jun 2025
OPINION: The government’s move to restrict exotic forestry on our best food-growing soils will push even more forestry investment onto high erosion risk land on the East Coast, with the worst land becoming the only land left for the most intensive and destructive land use, writes Manu Caddie
Greenwashing is rife in Australia, but could its days be numbered?
28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Help sustainable aviation fuels take off or delay targets, airlines warn EU
20 May 2025
Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.
'Time is right' for nature credits
Fri 13 Jun 2025
Media release | Sanctuary Mountain Maungatautari and Ekos are thrilled to be partnering with central government on the development of a voluntary Nature Credits Market pilot programme, announced by Associate Minister for the Environment Andrew Hoggard yesterday.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
World leaders’ failure to act is pushing Earth past 1.5°C
Today 10:45am
Based on mounting evidence, some scientists now fear we’ve entered a new era of the climate emergency, characterized by accelerated warming and amplified disasters.
Carbon auction odds-on to fail
Fri 13 Jun 2025
By Liz Kivi | The carbon price has rallied slightly in recent weeks, however with secondary market prices still hovering around the $57 mark, well below this year’s $68 auction floor price, next week’s Emissions Trading Scheme auction looks set to fail.
China's approvals of coal power plants grow after 2024 decline
Wed 11 Jun 2025
China approved 11.29 gigawatts of new coal power plants in the first three months of 2025, already exceeding the 10.34 GW approved in the first half of 2024.
A credible UN carbon market needs rules that count – we’ve just set them
Wed 11 Jun 2025
COMMENT: The broad standards for a more ambitious market are now in place. But without a steady flow of investment, this progress will remain largely on paper.
Common low-grade clay strengthens low-carbon concrete
5 Jun 2025
Media release | Engineers at RMIT University have converted low-grade clay into a high-performance cement supplement, opening a potential new market in sustainable construction materials.
Cuts to climate finance put exports in jeopardy: Lawyers
23 May 2025
By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.
Legal experts sue Climate minister over ‘glaring holes’ in climate plan
Wed 11 Jun 2025
By Liz Kivi | Legal experts are taking the government to court over its Emissions Reduction Plan, alleging it fails to fulfil basic requirements of the law – with one of the arguments focussing on an over-reliance on tree-planting.
Electric firebricks: decarbonising high-temperature industrial heat
Fri 13 Jun 2025
By Ian Mason | A new technology could offer a more cost-effective solution than hydrogen to decarbonise one ‘hard-to-abate’ sector of New Zealand’s economy, as well as having ample potential for demand response as the electricity grid becomes more renewable.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Extreme ocean warming engulfed South-West Pacific in 2024
6 Jun 2025
By Shannon Morris-Williams | Unprecedented ocean warming engulfed the South-West Pacific in 2024, with extreme heat and rainfall causing deadly and devastating impacts and sea level rise threatening entire islands.
Government undermines regional powers to protect coastal biodiversity
Today 10:45am
Media Release | The Environmental Defence Society opposes the Government’s decision to press ahead with amendments to the Resource Management Act that severely curtail the ability of regional councils to manage the impacts of fishing on coastal marine biodiversity.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
Fri 13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
Labor accused of ‘gaslighting’ Australians on climate crisis as fossil fuel projects keep getting approved
9 Jun 2025
‘They offer sympathy and then just go and approve massive fossil fuel projects anyway,’ one advocate says.
Watts talks big on energy reform, but barriers persist
29 May 2025
By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.
Electrification challenge for politicians, regulators
27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
As methane climate impacts soar, NGOs, scientists, and advocates launch campaign to 'pull the methane emergency brake'
Fri 13 Jun 2025
Media release | International NGOs, scientists, and climate advocates are launching a global campaign calling for deep, rapid, mandatory cuts in methane emissions as the best way to lower near-term global temperature rise.
Govt uses climate change as ‘Trojan horse’ for other objectives
Tue 10 Jun 2025
By Shannon Morris-Williams | The Waitangi Tribunal has heard that the New Zealand Government’s international trade and investment agreements are failing to meet Tiriti o Waitangi obligations in the context of climate change – prioritising commercial interests while sidelining Māori rights and worldviews.
Methanex closure comes early this year
14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
What happened to the hydrogen economy?
3 Jun 2025
The hydrogen car that was supposed to carry us into a cleaner future is still not in the driveway. In fact, outside of a few test markets, it’s not in anyone’s driveway.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
30 May 2025
By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
Carbon News launches price index
24 Jun 2024
Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.
Tribunal asked to halt seabed mine fast-track
Today 10:45am
By Craig Ashworth, Local Democracy Reporter | South Taranaki hapū want the Waitangi Tribunal to halt a fast-track bid to mine the seabed off Pātea.
Foresters baulk at restrictions, land ballots
Wed 11 Jun 2025
By Liz Kivi | Forestry groups say that new legislation will introduce further uncertainty for planting plans and poses a threat to climate targets.
Ocean current ‘collapse’ could trigger ‘profound cooling’ in northern Europe – even with global warming
Fri 13 Jun 2025
A “collapse” of key Atlantic ocean currents would cause winter temperatures to plunge across northern Europe, overriding the warming driven by human activity.
Fight over coal mine heats up
30 May 2025
Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.
Microplastics found in sand on dozens of NZ beaches
4 Jun 2025
Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.
Legislation introduced to restrict farm-to-forest conversions
Tue 10 Jun 2025
Agriculture and Forestry Minister Todd McClay has today introduced a bill to Parliament that he says will put a stop to large-scale farm-to-forestry conversions.
Israel deports activist Greta Thunberg after military seized Gaza Freedom Flotilla ship
Thu 12 Jun 2025
Israel deported activist Greta Thunberg on Tuesday, the country's Foreign Ministry said, a day after the Gaza-bound ship she was on with 11 other people was seized by the Israeli military.
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.
Could Queenstown become the world’s most electric city?
Wed 11 Jun 2025
By Shannon Morris-Williams | Queenstown is set to become the focus of an ambitious initiative aiming to transform it into the world’s most electrified destination.
Climate progress slowing, says Auckland councillor
5 Jun 2025
By Shannon Morris-Williams | The devastating cyclone that tore through Tāmaki Makaurau in 2023 left behind more than just broken infrastructure, sparking calls to focus on facts over ideology in the fight against climate change.
Green budget 'ludicrous la-la land' – govt
15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
Biochar's negative emissions tech coming to Fieldays
6 Jun 2025
Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.
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.
“It’s not the car – it’s how we move” – EECA
3 Jun 2025
By Shannon Morris-Williams| New Zealand’s transport emissions conversation has focused heavily on electric vehicles – but Richard Briggs, group manager, delivery and partnerships at the Energy Efficiency and Conservation Authority, says we’re asking the wrong question.
Rapid action vital following UN Ocean Conference – experts
Thu 12 Jun 2025
New Zealand-based experts are calling for rapid and transformative action to restore nature - and our relationship with it - at the third UN Ocean Conference in France this week.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
5 Jun 2025
By Shannon Morris-Williams | Proposed changes to New Zealand's waste legislation risk undermining public trust in the waste levy scheme, according to Parliamentary Commissioner for the Environment Simon Upton.
Govt's RMA overhaul sparks fears for nature and climate
30 May 2025
By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.
Tropical forest loss hit new heights in 2024; fire a major driver in Latin America
23 May 2025
Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.
For the first time, China invests more in wind and solar than coal overseas
29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
