Topics tagged with 'Carbon Credits'
NZ might face $24 billion pricetag for offshore carbon credits to 2030: Treasury
11 Apr 2023
New Zealand might be facing a $24 billion bill to meet its international obligations for carbon emission reductions to 2030, according to a new report.
Toitū removes offset options from online calculators
11 Apr 2023
Toitū Envirocare - the government-owned carbon zero certification company - has removed the option to offset emissions from its online calculator.
Minister warns Canadians may pay more in carbon tax than they receive in rebate
3 Apr 2023
Canada’s environment and climate change minister acknowledged that the average household may eventually pay more for the carbon price than it gets back in rebate payments, but says the Liberal government has other programs to help Canadians lower their energy costs overall.
Price of NZUs at 18-month low
29 Mar 2023
The price of NZUs has dropped to an 18-month low after a short-lived jump following the failed carbon auction on March 15.
A new report shows huge issues with carbon credits project in Kenya
22 Mar 2023
Expected to generate anywhere between $300 and $500 million and possibly even more, the Northern Kenya Grassland Carbon Project already has huge corporate customers, such as Netflix and Meta.
New report reveals major flaws with flagship carbon credits scheme on Indigenous land in Kenya
17 Mar 2023
A new report released today by Survival International exposes major flaws in a flagship carbon credits scheme whose customers have included Meta and Netflix.
Failed ETS auction sees slight bump in price of NZUs on secondary market
16 Mar 2023
Yesterday’s failed ETS auction saw the price of NZUs jump by a few dollars on the secondary market.
NZ fund buys Aussie carbon generation business
14 Mar 2023
New Zealand-owned Morrison & Co has acquired an Australian carbon generation business, the Financial Review is reporting.
Companies eye ‘carbon insetting’ as winning climate solution; critics wary
14 Mar 2023
Carbon offsetting has a controversial 25-year history, with companies like Microsoft and Apple pledging their plans to go carbon neutral, or negative, by allowing aspects of their operations to continue emitting at a certain level, while removing as much, or more, carbon from the air via reforestation or other projects elsewhere in the world.
Doubts about whether next week’s ETS auction will clear
8 Mar 2023
A week out from the first Emissions Trading Scheme auction of the year, the price of carbon on the secondary market continues its slide, closing at $65.75 yesterday, its lowest level since December 2021.
The price of carbon: it’s up, up and away in Europe and down, down, down in Aotearoa
3 Mar 2023
Last week the price of carbon hit €100 (NZ$170) for the first time. Meanwhile, in New Zealand the price of NZUs has settled at around $70 on the secondary market - down 24% from a peak of $88.50 in November last year.
Planetary reveals world’s first ocean-based carbon removal protocol
3 Mar 2023
Planetary Technologies has published a measurement, reporting, and verification (MRV) protocol for ocean-based carbon removals, hoping it provides a major boost to the market of marine carbon removals.
Parliament unites to stop gifting of carbon credits to big emitters
22 Feb 2023
Parliament has unanimously supported the first reading of an amendment bill that puts an end to the over-allocation of carbon credits to trade-exposed industries. The current system of “industrial allocation” has seen some of the country’s biggest emitters receiving a $60 million annual windfall.
Revised carbon bill advances in Washington; timber group leery
20 Feb 2023
The US House Agriculture and Natural Resources Committee on Friday endorsed allowing the state to sell carbon offsets, but not at the expense of logging or farming on public lands.
Australian carbon market confusion as offsets take another hit
17 Feb 2023
The Australian Climate Council has called for the federal government to push to pause on new coal and gas projects as debate intensifies over Labor’s proposed safeguard mechanism reforms and as the credibility of carbon offset schemes is once again cast into doubt.
Apple and others ignoring climate pledges
14 Feb 2023
The net-zero emissions plans of 24 multinational companies are not only largely misleading, but also distract from a failure to cut climate-wrecking emissions in line with the Paris climate goals.
Global carbon markets value hit record $909 billion last year
8 Feb 2023
The value of traded global markets for carbon dioxide (CO2) permits reached a record 850 billion euros ($909 billion) last year, analysts at Refinitiv said on Tuesday.
Price of NZUs drifting slowly lower
30 Jan 2023
NZUs closed on the Commtrade platform at the end of trade on Friday at $72.50, down from a high of $88.50 on the secondary market towards the end of last year.
Best by the rest...
27 Jan 2023
In our weekly round-up of the best climate coverage in local media: Dame Anne Salmond on New Zealand’s “fatally flawed” climate strategy; a fact check of claims that Kiwi farms are the greenest; and why the country needs an e-bike rebate.
Australian councils told to cut emissions rather than spend millions on overseas carbon offsets
25 Jan 2023
Renewed questions are being asked about Australian councils’ use of international projects to offset local carbon emissions, off the back of a Guardian investigation that found 90% of rainforest credits issued by one leading company were likely worthless.
Africa has a major new carbon market initiative - what you need to know
24 Jan 2023
The Conversation - Climate finance for the African continent got a boost at the 2022 United Nations Climate Conference (COP27), with the launch of the African Carbon Markets Initiative. This aims to make climate finance available for African countries, expand access to clean energy, and drive sustainable economic development.
MfE sees no need to investigate NZU price drop prior to govt announcement
20 Dec 2022
The Ministry for the Environment won’t be investigating a significant drop in the price of NZUs on the secondary market and the first drop in price at an ETS auction since the auctions began.
Cabinet ETS decision a “hospital pass” for incoming government
19 Dec 2022
A former head of the International Energy Agency’s climate change unit has described the Cabinet’s rejection of the Climate Change Commission’s recommended changes to ETS settings as a “hospital pass” for the incoming government.
NZ meets 2020 decarbonisation target with Kyoto credits
19 Dec 2022
New Zealand is meeting its commitment to reducing the country’s 2013-2022 emissions by 5% compared to 1990 levels by using 6.5 million Kyoto protocol credits.
Best by the rest...
16 Dec 2022
Carbon market reforms mean big emitters may be eligible for more free credits; should cruise ships be banned from Milford Sound? and the slow pace of targeting agricultural production to a lucrative overseas market which puts a high value on sustainability.
EV charging facility owners in Hong Kong can soon make money by selling carbon credits
13 Dec 2022
Hong Kong owners of electric vehicle (EV) charging infrastructure will soon be able to earn revenue by selling carbon credits generated by their facilities through the city’s bourse, according to a local provider of charging equipment and software.
International biodiversity conference must lead to law reform in NZ: expert
8 Dec 2022
New Zealand must do more than simply participate at Montreal’s UN Biodiversity Conference (COP15) taking place this week - any agreements must translate to law and policy reform here, according to a local expert.
ETS auction clears at $79.00
7 Dec 2022
The final ETS auction of the year cleared at $79.00 this morning.
London exchange lists its first carbon fund
7 Dec 2022
The London Stock Exchange is launching its first fund on its Voluntary Carbon Market (VCM), which aims to channel funding to climate mitigation projects that generate carbon credits, it said in a statement Monday.
Forestry ETS changes pass
5 Dec 2022
Among the bills to pass into law in Parliament’s recent Urgency session was the extension of the penalty transition regime for small forestry owners who remove trees.
Guyana sells $750 mn of carbon credit to US oil firm Hess
5 Dec 2022
U.S.-owned Hess Corporation, a consortium partner in Guyana’s offshore oil sector, has agreed to buy $750 million worth of carbon credits from the South American nation in the next decade as it works to ensure Guyana’s almost intact Amazonian rainforests remain standing for decades to come, officials said Saturday.
Price of carbon down 6.8% over past fortnight
2 Dec 2022
With the final ETS auction of the year set to take place next Wednesday, the price of carbon on the secondary market has dropped by 6.8% since hitting an all-time high of $88.50 on November 14.
Opposition parties welcome on-farm sequestration policy
2 Dec 2022
Opposition parties have welcomed the government’s plan to credit all on-farm carbon sequestration, rather than only riparian planting.
EU climate chief defends plans for 'carbon farming'
2 Dec 2022
The European Union's top climate official on Wednesday dismissed criticism from environmental groups over its proposal to incorporate carbon removal methods into its climate plans, insisting the plan won't undermine the bloc's efforts to tackle global warming.
Govt announces changes to on-farm sequestration strategy
1 Dec 2022
The government has announced it will work with the primary sector to develop an on-farm carbon sequestration strategy.
The interwoven fortunes of carbon markets and indigenous communities
18 Nov 2022
Across the world, private investors, governments, NGOs and businesses are increasingly purchasing carbon credits from REDD+ and other offsets projects to negate their own emissions – but this increased interest from international carbon markets comes with risks.
Climate disaster aid scheme ‘Global Shield’ launched at COP27
15 Nov 2022
A G7-led plan dubbed “Global Shield” to provide funding to countries suffering climate disasters has been launched at the United Nations COP27 summit, although some questioned the effectiveness of the planned scheme.
Rainforests emerge as key sources of carbon credits in emerging markets
15 Nov 2022
In the fight against climate change, forests are vital carbon sinks, absorbing twice as much carbon as they produce each year globally. Tropical rainforests play a particularly vital role, storing an estimated 25% of the world’s terrestrial carbon.
Govt considering setting up its own secondary carbon market
14 Nov 2022
By Ian Llewellyn - Energy & Environment | The government has asked for thoughts on it running a centrally-cleared secondary carbon market as another option to existing markets.
Japan delays carbon tax reform to curb living costs
9 Nov 2022
Japan is delaying plans to revise how it taxes carbon, the Nikkei newspaper reported, potentially slowing efforts to wean itself off fossil fuels.
Why it's so hard to put a price on carbon
27 Oct 2022
In the past decade, the phrase “put a price on carbon” has gathered steam around the globe. And carbon pricing has been hailed by scientists, economists, and business leaders as one of the most cost-effective tools to decarbonize economies.
First Australia carbon budget balances climate risks
25 Oct 2022
For the first time, the Australian government must work within a financial budget and a carbon budget. Treasurer Jim Chalmers has confirmed his first budget, due out on Tuesday, will include a major analysis of the impact of climate on Australia's economy.
Environment Committee calls for submissions on Climate Change Response Amendment Bill
20 Oct 2022
The Environment Committee is calling for submissions on the Climate Change Response (Extension of Penalty Transition for Forestry Activities with Low Volume Emissions Liabilities) Amendment Bill.
India gets ready to launch a national carbon market
20 Oct 2022
The Indian government has green-lighted the creation of a national carbon market that will be key to decarbonising heavy industry and helping shape international carbon trading.
ETS carbon stockpile grows by nearly 8 million tonnes over past year
19 Oct 2022
The stockpile of carbon units in the ETS grew by close to 8 million NZUs from September 2021 to September 2022.
Carbon credits have struggled to win market approval — until now
18 Oct 2022
Carbon credits have struggled to gain a foothold among countries and companies. But Deutsche Bank has just lit a fire under them — specifically, “sovereign credits” issued by rainforest nations. The aim is to minimize deforestation.
Carbon credits serve to greenwash business-as-usual and won’t cut emissions: Australia Institute
18 Oct 2022
A focus on carbon credits may serve to hamper Australia’s efforts to reduce its emissions, warn researchers from The Australia Institute.
Forestry interests hit out at minister's comments
17 Oct 2022
Climate Change minister James Shaw’s comments that the government could become the exclusive purchaser of carbon forestry credits have been met with widespread backlash from forestry interests.
Best by the rest...
14 Oct 2022
In our weekly round-up of the best local climate coverage: Stuff fact checks fossil fuel lobby claims; Newsroom crunches the numbers on the government's agricultural emissions proposal; and three unlikely activists have had their charges dropped in court in the name of climate change.
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
Wed 11 Feb 2026
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?
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
Wed 11 Feb 2026
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
Wed 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.
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
Wed 11 Feb 2026
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
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
Wed 11 Feb 2026
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
Wed 11 Feb 2026
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
Wed 11 Feb 2026
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
Wed 11 Feb 2026
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.
