Topics tagged with 'Carbon Credits'
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”.
Foresters say new ETS charges will discourage planting
22 Sep 2023
Foresters say that new charges for forestry in the ETS will penalise sustainable forestry and disincentivise planting when it is most needed.
Top carbon offset projects may not cut planet-heating emissions
21 Sep 2023
Majority of offset projects that have sold the most carbon credits are ‘likely junk’, according to analysis by Corporate Accountability and the Guardian.
Rainforest carbon credit schemes misleading and ineffective, finds report
18 Sep 2023
System not fit for carbon offsetting, puts Indigenous communities at risk and should be replaced with new approach, say researchers.
Carbon price hovers around $73
13 Sep 2023
The NZU price is up $2 since early last week, with a price bump both before and after last week’s auction.
European Energy Exchange launches Global Carbon Index Family
7 Sep 2023
Media release | The European Energy Exchange (EEX) has launched its Global Carbon Index (GCI) Family, offering a comprehensive view into the rapidly evolving global carbon markets. The new index bundle will introduce the EEX GCI Core, and the EEX GCI Extended.
Carbon price up ahead of Wednesday auction
4 Sep 2023
The carbon price pushed through the $70 mark at the end of last week, last fixing at $71 on Commtrade on Friday. It has climbed $6 in the past two weeks to its highest point since February - more than double the price just two months ago.
Sealord investing $10 million in Māori-led carbon forestry offsetting
4 Sep 2023
Fishing giant Sealord is investing $10 million over the next ten years in a carbon offsetting programme that it says will develop underutilised Te Arawa land in the Rotorua region into permanent forest.
Concerns around NZU reporting
1 Sep 2023
Emissions Trading Scheme participants are calling for better accuracy and transparency in NZU movement reporting, after two reporting glitches have led to serious questions.
Petition calls to end free carbon credits for big emitters
1 Sep 2023
A group of NGOs and activists have launched a petition calling for an end to free carbon credits for industry and for the system to be replaced by a carbon border mechanism.
National’s climate “dividend” isn’t really a dividend - and could increase emissions
31 Aug 2023
By Liz Kivi | Yesterday the National Party announced a “climate dividend” amid much fanfare as part of its $14.6 billion package of tax cuts.
Consultation on exotic hardwoods and carbon tables in the ETS
30 Aug 2023
The Ministry for Primary Industries is consulting on recognising space-plantings and exotic hardwoods in the New Zealand Emissions Trading Scheme.
Analysts predict carbon price will hit $140 by 2050
25 Aug 2023
Analysts are predicting the spot price of NZUs will rise to $150 by 2050 - a level they say will negatively affect some of New Zealand’s big energy gentailers and encourage behavioural change from carbon polluters.
Best by the rest...
25 Aug 2023
Is carbon forestry pushing farm prices out of reach? Auckland’s cyclone recovery funding deal; and why sustainability shouldn’t be just an afterthought in space exploration.
Kenya’s ‘green growth’ pitch for Africa Climate Summit sparks justice concerns
25 Aug 2023
Outcry over a fossil fuel consultancy taking a lead role, and unease over the Kenyan president’s focus on finance, raises questions as to whether the summit will truly be “by Africans for Africans”.
Unexplained anomaly in NZU surrenders
23 Aug 2023
An unexplained reporting anomaly suggests a big emitter - or emitters - are late submitting their NZU surrenders, with about 13 million units unaccounted for.
Secondary carbon market “pops” to 5-month high, ETS announcement later today
22 Aug 2023
The NZU price hit a 5-month high late last week, trading as high as $66.50 on Friday - up 10% for the week.
Updated bill “big win” for climate
17 Aug 2023
Activists are claiming a climate bill update as a significant win against big polluters - with 800,000 tonnes of subsidised carbon dioxide pollution now cut from free allocations.
International carbon crediting bodies explained
15 Aug 2023
Confused about who is part of shoring up the voluntary carbon market? Us too.
Best by the rest...
11 Aug 2023
In our weekly round-up of the best climate coverage in local media: What does the hottest month in human history mean for Aotearoa? Planning for the worst from climate change; and the Lake Onslow Battery Project's uncertain future.
ETS needs to incentivise gross emissions reductions: Consultations close tomorrow
10 Aug 2023
By Ann Smith | Although New Zealand has updated its international commitment to reduce emissions, it is still ranked as “Highly Insufficient” by Climate Action Tracker.
Meeting the long-term climate threat takes more than private investment – 10 ways NZ can be smart and strategic
10 Aug 2023
By Kevin Trenberth | The announcement of a partnership between the government and the world’s biggest investment manager BlackRock in a NZ$2 billion climate infrastructure fund suggests the company is expecting renewable energy in New Zealand to increase its own profitability.
From Kenya to England are carbon offsets all they’re cracked up to be?
10 Aug 2023
Carbon credits are suddenly everywhere, and they explain the hyper-financialization of climate policy.
Tender for forestry NZUs
9 Aug 2023
An unnamed buyer is in the market for a “significant volume” of forestry NZUs through a tender process.
Māori forestry lobby welcomes Nat’s commitment to leave ETS unchanged
7 Aug 2023
Māori forestry group Te Taumata has welcomed a National Party statement that they would not make major changes to the Emissions Trading Scheme if voted into government at the upcoming election.
Carbon price fluctuates with potential for more volatility
2 Aug 2023
It’s been a big week for NZUs on the secondary market, with the price rising almost $18 to $65 on Wednesday last week, hovering around $60 for several days, but then dipping below the $60 mark.
Energy Council releases wish list for the next govt
31 Jul 2023
The BusinessNZ Energy Council says the next government should set long-term energy goals and stick to them - without reactive kneejerk policy changes.
Foresters welcome ETS reset
27 Jul 2023
Foresters have welcomed the government’s reset of Emissions Trading Scheme auction settings, saying it should incentivise forestry and wood processing investors for the embattled industry.
Forestry consultations
27 Jul 2023
The Ministry for Primary Industries is consulting on two forestry-related issues, with the deadline for one just a week away.
Govt U-turn adopting Commission’s advice on ETS auction settings
26 Jul 2023
The government has adopted the Climate Change Commission’s advice on ETS auction settings from December, with a significantly higher floor price, lower auction volumes, and two-tiers of much higher prices for the cost containment reserve.
Carbon price bounces but how high will it go?
26 Jul 2023
Pundits are picking the government’s decision to adopt most of the Climate Change Commission’s ETS recommendations, rejected by Cabinet last year, will result in a sustained increase in the price of carbon. But few expect it to return to the $88.50 high of last November anytime soon.
Govt signals ETS announcement, market “drifting”
25 Jul 2023
The Ministry for the Environment has signalled it will make an announcement about the Emissions Trading Scheme tonight, after the market closes.
Will the voluntary carbon market survive mistrust and regulation?
20 Jul 2023
As more companies eye carbon credits to meet net-zero pledges, scrutiny is growing over the future of the voluntary offsets market.
Carbon stockpile down
19 Jul 2023
The “stockpile” of NZUs is down after the last surrender deadline, with emitters using primarily forestry or industrial allocation to meet their obligations under the ETS.
High Court orders govt to review ETS settings
17 Jul 2023
By Liz Kivi | The government will be forced to review Emissions Trading Scheme settings, after climate activist lawyers won a High Court case arguing the decision-making process for the December 2022 regulations was flawed.
Isn’t it time to admit the Emissions Trading Scheme will never work?
13 Jul 2023
By Deirdre Kent | OPINION: The ETS won’t work and the time has come to explore other methods of reducing emissions instead, like Tradable Energy Quotas.
Govt to include carbon sinks in Emissions Trading Scheme
12 Jul 2023
Cabinet agreed last week to reform the Emissions Trading Scheme to recognise all forms of carbon sinks rather than just forestry.
Forestry lobbying heats up over ETS review
11 Jul 2023
Forestry interests are continuing their campaign to ensure forestry retains value under a reviewed Emissions Trading Scheme, with another open letter to the government saying climate goals are at risk.
Drop carbon offsetting-based environmental claims, companies urged
11 Jul 2023
Companies should drop offsetting-based environmental claims and adopt a “climate contribution” model instead, according to a new quality standard.
Carbon price crashes, “split market” developing
7 Jul 2023
The carbon price dropped to a two-year low this week, and insiders say a split market is developing, with lower prices for forestry-derived NZUs.
Foresters launch campaign to stop their carbon credits losing value
6 Jul 2023
The climate change minister says a new campaign entitled “Halt the NZU Grab” is spreading misleading information.
Forestry investment at risk, along with climate targets
4 Jul 2023
By Liz Kivi | Foresters may lose their businesses if the carbon price stays low, with contractors already losing their jobs.
NZU spot price drops further
29 Jun 2023
The price of NZUs on the secondary market is in freefall following the government’s consultation announcement on ETS settings and restrictions on permanent forestry.
New code of conduct for buying carbon credits launches
29 Jun 2023
The Voluntary Carbon Markets Integrity Initiative has released its Claims Code of Practice for corporate buyers of carbon credits.
'Terrible result': Emissions barely budged in 2024
Fri 5 Jun 2026
By Shannon Morris-Williams | New Zealand's greenhouse gas emissions were virtually unchanged in 2024, falling by 0.03%, despite the economy shrinking by ten times that amount during the same period, according to new data.
Media round-up
Fri 5 Jun 2026
In our round-up of climate coverage in local media: The government must stop delaying decisions on funding climate adaptation, says Gisborne mayor; insurance conference exposes poor preparation for climate change; and Labour questions whether a disappearing climate briefing note was part of a deliberate cover-up.
$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.
Europe's green jet fuels see upside in Iran war
Wed 3 Jun 2026
Interest in synthetic propellants is growing as the Iran war pushes Europe to reassess its dependencies, raising hopes of a turnaround for the struggling sector, according to industry experts.
Govt injects $10 million into Auckland predator-free projects
Fri 5 Jun 2026
Conservation projects across Auckland will share in a $10 million Government funding package designed to accelerate predator eradication efforts and restore native biodiversity.
Huntly biomass option no cheap fix, Genesis tells MPs
28 May 2026
Genesis Energy says biomass can be burned in Huntly's Rankine units, but current costs put it in roughly the same price range as imported LNG and extra Rankine capacity would be expensive and could take years.
Dutch court agrees to hear Greenpeace lawsuit against US energy company
Fri 5 Jun 2026
Judges in Amsterdam handed Greenpeace a preliminary victory on Wednesday in an anti-intimidation court case, rejecting a request from fossil fuel pipeline company Energy Transfer to toss the complaint out.
‘Fiscal hole’ likely to deepen as another carbon auction looms
28 May 2026
By Liz Kivi | A broker is picking the NZU price will push towards $60 in the coming weeks on the back of improved confidence, however prices on the secondary market are still lagging well below the auction floor, with the second auction of this year less than two weeks away.
Lack of demand leads to Bathurst pausing coal mine expansion
Tue 2 Jun 2026
By Liz Kivi | Bathurst Resources has confirmed it is struggling to find a market for coal from its planned extension of the Rotowaro coal mine in North Waikato, and is putting the project on ‘pause’.
NZ’s sustainable finance credibility gap
Fri 5 Jun 2026
By Manbo He | COMMENT: New Zealand has built serious sustainable finance infrastructure - but risks failing to attract the global capital that infrastructure was designed for, because it lacks the practitioner capability to operate it credibly.
Green building council calls for clean energy policies
18 May 2026
The New Zealand Green Building Council has released its 2026 election manifesto calling for policies to reduce energy waste in buildings, lower household and business energy costs, and improve New Zealand’s energy security.
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.
NZ’s ‘light‑touch’ approach to voluntary carbon and nature markets may unlock finance but risks credibility
Tue 2 Jun 2026
By Jennifer Campion, University of Waikato | The government’s recent announcement of support for voluntary carbon and nature markets effectively offers a “warrant of fitness” to signal which markets can be trusted, without directly regulating them.
EU wants households to cut peak time energy use as demand from industry and AI soars
Fri 5 Jun 2026
A new law will aim to use artificial intelligence to boost efficient use of power as electricity demand threatens to overwhelm Europe’s grids.
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.
Seven ‘new approaches’ to avoid our Paris commitments: Carr
Thu 4 Jun 2026
Praying for “new approaches” to materialise to meet our international climate obligations isn’t a strategy, writes Rod Carr.
EDS urges MPs to scrap the Fisheries Amendment Bill
5 May 2026
Media release | The Environmental Defence Society today lodged a substantive submission on the Fisheries Amendment Bill.
Nature-based solutions – such as forestry – crucial for carbon removal
Fri 5 Jun 2026
COMMENT: Transitioning from erodible pasture to well-managed forest can yield substantial environmental benefits, writes James Treadwell.
LNG isn’t the best 'dry year' solution – new report
Thu 4 Jun 2026
By Liz Kivi | The Government’s proposed LNG import terminal isn’t the best solution for ‘dry year’ electricity security, according to a new report.
Govt legislates for more gas market transparency
Tue 2 Jun 2026
The Government has passed its Gas Market Transparency Bill through all stages under urgency, giving itself stronger powers to see into a gas market where tightening supply is creating significant uncertainty for businesses.
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.”
Record-breaking heat and dry spring leave parts of England without water
Tue 2 Jun 2026
Thousands of households in southeast England were left without water or facing low pressure during a record-breaking heatwave this week, as high demand followed a dry spring to expose the failings in Britain's ageing infrastructure.
Why ‘greenhushing’ signals deeper issues with NZ’s climate risk reporting regime
15 May 2026
By Hang Pham, Te Herenga Waka — Victoria University of Wellington | Most of us are familiar with the concept of greenwashing: organisations exaggerating or overstating their environmental credentials. But in New Zealand, there are signs the country’s climate disclosure regime may inadvertently be driving a very different trend: not saying much at all.
Hipkins pans LNG plan as ‘massive step backwards’
19 May 2026
By Liz Kivi | Labour leader Chris Hipkins has told a Queenstown audience that a Government he leads would not proceed with a planned LNG import terminal, if elected at November’s election.
Victorian Hydrogen announces Southland urea fertiliser project using coal
22 Apr 2026
By Liz Kivi | Australian-based Victorian Hydrogen has announced it is developing a new 1.5 million-tonne-a-year urea fertiliser operation in Southland, which it will apply for under fast-track legislation.
Media round-up
24 Apr 2026
In our round-up of climate coverage in local media: What is the real cost of storm-hit infrastructure? Urgency is needed over climate adaptation funding; and a community conservation group has won a legal victory against multinational mining company OceanaGold.
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.
Appeals Court affirms dismissal of youth climate case against Trump
Fri 5 Jun 2026
The lead attorney for the 22 plaintiffs said the court has “slammed the courthouse doors on children fighting for their lives.”
LNG vital to prevent economic damage as gas leaves NZ economy
27 May 2026
By Pattrick Smellie | Importing natural gas will make the difference between an “orderly” or “chaotic and unnecessarily costly" decline as domestically produced gas runs out, the chief executive of the Gas Industry Company, David Prentice, said yesterday.
Changes to emissions factors prompt caution over climate claims
Thu 4 Jun 2026
By Shannon Morris-Williams | Organisations may need to revisit how they calculate and communicate their greenhouse gas emissions after the Ministry for the Environment released an updated version of its Measuring Emissions Guide, incorporating new emissions factors based on New Zealand's latest greenhouse gas inventory.
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.
Move to block lawsuits could strengthen climate case against Govt
14 May 2026
By Liz Kivi | The Government’s plan to block climate lawsuits – while potentially fatal for one groundbreaking climate case – could actually bolster claims in another live climate case underway against the Government.
Wetland protections failing to stop losses
28 May 2026
By Shannon Morris-Williams | New mapping commissioned by the Environmental Law Initiative shows wetlands across New Zealand are still being converted to pasture, forestry and mining despite stronger national protections introduced in 2020, with researchers warning enforcement gaps may be undermining the rules.
Renewables alone won’t fix ‘broken’ electricity prices
Thu 4 Jun 2026
COMMENT: While many people agree the electricity market is broken, simply adding more renewables to a broken system isn’t the fix we need, writes Geoff Bertram.
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.
Deep South marine reserves boost protection by nearly 50%
Wed 3 Jun 2026
Five new marine reserves protecting more than 300 square kilometres of ocean habitat along the Otago and south Canterbury coast will come into force next month, marking one of the largest expansions of mainland New Zealand's marine reserve network in decades.
Environmental groups sue Trump administration over approval of new ultra deep-water drilling project
23 Apr 2026
Environmental groups sued the Trump administration on Monday over its approval last month of oil company BP’s ultra deep-water drilling project in the Gulf of Mexico.
Willis touting mysterious ‘new approaches’ to meet Paris Agreement
Tue 2 Jun 2026
By Liz Kivi | Finance Minister Nicola Willis has again said that New Zealand is unlikely to buy significant offshore mitigation to meet the country’s international climate targets.
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.
Six NZ climate solutions up for 2026 Earthshot prize
21 May 2026
By Shannon Morris-Williams | Six New Zealand climate and sustainability initiatives have been nominated for the 2026 Earthshot Prize, with the shortlist showcasing Kiwi-led solutions tackling emissions, plastic waste and ocean restoration.
Climate Commission consulting on update to emissions budget advice
Fri 5 Jun 2026
By Shannon Morris-Williams | The Climate Change Commission is consulting on updating its 2024 emissions budgets advice, with the update needed after the Government changed the biogenic methane target last year.
New breed of political prisoner arises in Britain as anti-protest sentences rise
27 May 2026
More people are being jailed in England and Wales as a result of acting to prevent climate breakdown and the war in Gaza, research reveals.
Green Party calls for national electrification plan
20 Apr 2026
By Liz Kivi | The Green Party is calling for a national plan to electrify homes, transport and industry using renewable energy, to reduce fossil fuel dependence in response to the Middle East crisis.
US to ‘kill’ climate disclosure rule
Tue 2 Jun 2026
In the latest action to undo Biden-era regulations on climate change, the Securities and Exchange Commission has proposed repealing a rule that requires some public companies to report their greenhouse gas emissions and the risks they face from global warming.
China’s CO2 climbs 2% in early 2026 due to ‘wasted’ wind and solar
Fri 5 Jun 2026
The country used more coal and gas to generate electricity than in the same quarter a year earlier, despite a record amount of new wind and solar capacity being built.
‘Landmark’ conservation reform bill – boost or bust for nature?
8 May 2026
By Liz Kivi | The Government has announced an overhaul of the country’s conservation system, which environmental organisation Forest & Bird says will undo the work of many generations of Kiwis to protect public conservation land.
World-first trial turns NZ pine into bitumen alternative
Thu 4 Jun 2026
New Zealand researchers have successfully developed a road surfacing binder made entirely from pine trees, a world-first breakthrough that could reduce the country's reliance on imported petroleum-based bitumen.
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.
Energy, water use and pollution of AI and data centres rival most countries
Fri 5 Jun 2026
The environmental footprint of data centres already rivals some of the world’s largest countries, according to a United Nations University report, which also predicts their water and energy use and pollution will double in just four years as use of artificial intelligence grows.
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.
Prepare for imminent return of El Niño, UN warns
Thu 4 Jun 2026
The world must prepare for the imminent return of El Niño and the supercharged weather extremes it brings, the UN has warned.
Project linking food waste to cutting methane emissions gets underway
27 May 2026
Media release | Kai Commitment is leading a New Zealand-first project to help understand the connection between food waste and methane emissions and identify effective interventions.
Why is Northern Ireland facing a growing threat from wildfires?
7 May 2026
Figures show that spring drought events are happening more often while there has been a sharp rise in "fire weather" - a mix of warmth, dryness, and wind that allows fires to ignite and spread rapidly. Experts warn this combination, along with climate change, is creating a longer and more volatile wildfire season.
Waves with world's first wind power undersea data center
Thu 4 Jun 2026
China has begun operations of the world's first undersea data center directly powered by offshore wind, as the country races to solve the soaring energy demands of artificial intelligence with greener and more efficient infrastructure.
