Topics tagged with 'Carbon Credits'
Salesforce will launch carbon credit marketplace
22 Sep 2022
Business software provider Salesforce is bringing a new platform to the carbon market, where businesses will be able to buy carbon credits from a trusted partner with a third-party verification.
EU governments carving out €20 bn in carbon market exemptions for shipping
22 Sep 2022
Government ministers are in the process of carving out €20 billion worth of exemptions for the shipping industry in the new maritime carbon market (ETS), according to a new analysis.
Price of NZUs at bottom end of what’s required to keep global warming below 2 degrees: World Bank
21 Sep 2022
NZUs are trading at the bottom end of what’s required by 2030 if the world is to keep global warming below 2 degrees, according to the World Bank’s State and Trends of Carbon Pricing 2022 report.
Best by the rest...
16 Sep 2022
In our weekly round-up of the best climate coverage in the local media: Keith Woodford investigates the carbon offset process in New Zealand; data shows that as petrol prices soared this year, sales dipped; and parent-organised 'bike chains' are helping Kiwi kids jump on their wheels to get to school.
Consultation on proposals to update ETS unit settings
13 Sep 2022
The government is consulting on proposals to update the Emissions Trading Scheme (ETS) unit settings for the period 2023 to 2027.
ETS auction clears at $85.40
7 Sep 2022
Today's ETS auction cleared at $85.40 - a couple of dollars below the spot price being achieved at the close of trade yesterday.
"Meaningless" Aussie carbon credits increasing emissions
7 Sep 2022
Some of the biggest players profiting from Australia's carbon market are backing expert analysis saying the system is generating meaningless credits that actually result in Australia's emissions going up.
Price of carbon hits record high on eve of 3rd ETS auction of the year
6 Sep 2022
The price of has carbon continued its steady rise, hitting an all-time high of more than $87 at the close of trade yesterday.
Price of carbon nears record high
23 Aug 2022
The price of NZUs on the secondary market is just 25 cents shy of the record high of $86.25 achieved in February.
Best by the rest...
19 Aug 2022
In our weekly round-up of the best climate coverage in the local media: Olivia Wannan’s coverage of the “Polluting 7” hearing; massive insurance cost rises predicted in line with climate risks; and Greater Wellington commits to a stringent climate target.
Bill to come on free allocation of NZUs
15 Aug 2022
By Ian Llewellyn - Energy & Environment | The government intends to introduce a bill by the end of the year to reset the industrial allocation under the Emissions Trading Scheme and reduce what it assesses as a $60 million over allocation.
Government should commit $8 billion to retrofitting housing: Green Building Council
8 Aug 2022
The government’s emission reduction plan lacks ambition and is missing out on hundreds of millions of dollars’ of easily achievable savings in energy and health benefits as a result, the New Zealand Green Building Council told the Environment Select Committee last week.
Forestry policy juggling competing priorities
8 Aug 2022
By Ian Llewellyn - Energy & Environment | The finance and expenditure committee has reported back the Overseas Investment (Forestry) Amendment Bill, highlighting the Government’s attempt to grapple with competing priorities in the sector.
Best by the rest...
5 Aug 2022
In our weekly round-up of the best climate coverage in the local media: Former Green Party leader Russel Norman on greenwashing and He Waka Eke Noa; political journalist Branko Marcetic on why the pundits are getting the Green Party leadership stoush all wrong; and land use expert Keith Woodford underlines the significance of recent government announcements for forestry rules and carbon pricing.
Future governments could sell offshore carbon credits into ETS
4 Aug 2022
The government could purchase carbon credits from another government and then sell them through the ETS, Climate Change Commission commissioner Catherine Leining told an open Zoom session on Tuesday.
Consultation period on forestry regulations "too short"
4 Aug 2022
Investment group Jarden has criticised the three week consultation period set down by the government as not enough time for stakeholders to process the complexities of the draft Climate Change (Forestry Sector) Regulations.
Consultation open on penalties for small foresters in ETS
4 Aug 2022
The Ministry for Primary Industries and the Ministry of the Environment are consulting on two options to change the penalty for small foresters in the New Zealand Emissions Trading Scheme (ETS) who fail to surrender or repay units by the due date.
Carbon market wakes from its slumber following Climate Change Commission advice
28 Jul 2022
The price of NZUs on the secondary market reached $82.50 – a jump of close to 13% on its opening price – following yesterday’s release of the Climate Change Commission’s advice to government on the NZ ETS settings.
Corporate carbon offset company accidentally starts devastating wildfire
25 Jul 2022
Last Monday, Dutch reforestation company Land Life started what has become a 35,000 acre forest fire in Spain.
Best by the rest...
22 Jul 2022
In our weekly round-up of the best climate coverage in the local media: How not to solve the climate crisis; Are carbon markets hurting farming communities? Plus the government’s $9.8 million climate-wrecking stimulus.
MPI calls for submissions on changes to ETS forestry regulations
20 Jul 2022
The Ministry for Primary Industries is calling for submissions on draft changes to forestry regulations in the Emissions Trading Scheme (ETS).
Five buyers gobbled up 95% of NZUs at June’s ETS auction
18 Jul 2022
The top five participants in June’s ETS auction bought more than 96% of the 6,125,000 NZUs up for grabs, the interim NZETS auction monitoring report reveals.
Kenyan bourse brings carbon exchange to East Africa
14 Jul 2022
Climate change mitigation efforts in Kenya have received new impetus after the Nairobi Securities Exchange (NSE), inked a deal with the AirCarbon Exchange (ACX) and the Nairobi International Finance Centre (NIFC) to set up Kenya’s first carbon offset exchange.
Hong Kong launches international carbon council, to support cross-border trading
7 Jul 2022
Hong Kong Exchanges and Clearing Limited, or HKEX, has launched the Hong Kong International Carbon Market Council, the exchange said in a statement late July 5, with developing an international carbon market as its principal focus.
ECAN wants exotics removed from ETS permanent settings
6 Jul 2022
A Banks Peninsula case study has convinced Canterbury’s regional council that removing exotics from the permanent settings of the Emissions Trading Scheme (ETS) is the right move.
Review of Australia’s carbon credit units announced
5 Jul 2022
The Australian government has announced the appointment of an independent panel (Panel) to review the integrity of Australian Carbon Credit Units (ACCUs).
Gabon to sell €275m worth of carbon credits before COP27
5 Jul 2022
For Gabon, forests are rich in with economic opportunity. The country plans to create 187 million carbon credits and sell half of them on the offset market.
CarbonCrop to renew trading next week
1 Jul 2022
The on-again-off-again trading of Native CarbonCrop units (CCUs) will be on again next week.
Best by the rest…
1 Jul 2022
In our weekly round-up of the best climate coverage in the local media: questions about new carbon offsets; wrestling with methane metrics; and He Waka Eke Noa’s programme director argues Kiwi innovation will be key to reducing emissions.
Trading paused on new voluntary carbon market platform after a single day
30 Jun 2022
Carbonnz - a voluntary carbon credit trading platform launched on Tuesday - has temporarily paused trading.
Pandemic slashes NZTE’s carbon emissions by nearly 70%
29 Jun 2022
New Zealand Trade and Enterprise’s first sustainability report shows the pandemic slashed a whopping 68.8% from the government agency’s carbon emissions.
New voluntary carbon unit will incentivise landowners to preserve regenerating native bush
28 Jun 2022
A new voluntary carbon unit, launched today, will incentivise landowners to protect areas of regenerating native bush currently ineligible for NZUs under the ETS.
Best by the rest...
23 Jun 2022
In our weekly round-up of the best climate coverage in the local media: New Zealand’s offshore energy revolution; climate policy’s winners and losers; and how climate change is putting marae at risk.
Carbon Markets set to continue growth as countries double down on climate ambition: IETA Survey
22 Jun 2022
Carbon markets around the world are set to continue growing rapidly as countries double down on climate ambition, and as corporates continue to pursue net-zero goals, finds IETA’s latest annual Market Sentiment Survey
Best by the rest...
17 Jun 2022
In our weekly round-up of the best climate coverage in the local media: The leaky logic of the farming sector's climate plan; analysis of how effective government policies will be at slashing carbon; and can governments boost defence spending while cutting emissions at the same time?
ETS auction clears at $76.00
15 Jun 2022
THE second NZ ETS auction of the year cleared at a price of $76 today.
Hold applause on carbon tax rebates: Toronto Sun
13 Jun 2022
The good news is Prime Minister Justin Trudeau’s government is about to begin sending out “climate action incentive payments” directly to households in the four provinces where he imposed his carbon tax.
HWEN proposes burp levy with proceeds recycled to agricultural research
8 Jun 2022
He Waka Eke Noa, the Primary Sector Climate Action Partnership, is proposing a farm-level split gas levy as its preferred alternative to pricing agriculture emissions through the Emissions Trading Scheme.
Researchers push for carbon credit payments for Australian farmers who fence their dams
8 Jun 2022
Scientists are lobbying for farmers to be financially rewarded in the form of carbon credits for cleaning up their dams.
China's Carbon Emission Allowance price at $8.76/mtCO2e
31 May 2022
The daily weighted average price of a Carbon Emission Allowance, or CEA, under China's national carbon market was at Yuan 59/mtCO2e (US$8.76/mtCO2e) on May 27, and weekly trade volume totaled 551,351 mtCO2e, according to data from Shanghai Environment and Energy Exchange, or SEEE.
Carbon credit standards body Verra suspends blockchain, crypto tokenization
27 May 2022
Yesterday Verra, the Washington-based non-profit that sets voluntary carbon credit standards, said it is immediately stopping the practice of creating blockchain tokens or instruments based on retired credits
Price of NZUs edging higher
25 May 2022
The price of NZUs on the spot market has edged past the $77 mark this week for the first time since the middle of last month.
Kiwi founded company aiming to shake up global carbon markets
23 May 2022
By Liz Kivi | A Kiwi founded tech company, launched last month, is aiming to revolutionise the global carbon market with new technology that can accurately measure emissions in real-time and is much cheaper than current methods.
ACT proposes blitzkrieg of climate bureaucracy
10 May 2022
The ACT Party says it would scrap the Climate Change Commission and Energy Efficiency and Conservation Authority and ditch all climate change related subsidies and environment-related job schemes, in its alternative budget launched yesterday.
Te Paati Maori comes out in support of permanent pine forests
10 May 2022
Debbie Ngawera-Packer, Te Paati Maori co-leader and climate change spokesperson, has come out in support of pine forests, attacking government proposals to remove exotic species from the permanent forestry category of the Emissions Trading Scheme (ETS).
Now we know the flaws of carbon offsets, it’s time to get real about climate change
26 Apr 2022
Last month former Australian carbon market watchdog Andrew MacIntosh blew the whistle on Australia’s carbon offset market. He described the scheme as a “rort” with up to 80% of carbon offsets “markedly low in integrity”.
Aussie native tree planting projects can be stopped if 'adverse' to communities"
1 Apr 2022
Australia's Agriculture Minister will have the power to stop new carbon farming projects from next week.
ETS auction spurs demand on spotmarket
17 Mar 2022
Buyers were out in force following yesterday’s ETS auction, with the CommTrade and Carbon Match platforms trading in excess of 600,000 NZUs before the close of trade.
Windfall for Aussie farmers as government changes carbon credit rules
4 Mar 2022
Australian carbon farmers and landholders are set for a potential windfall of almost $2.6 billion from a surprise Morrison government decision that allows them to tap into surging market demand for Australian Carbon Credit Units.
Timber giant quietly converts Congo logging sites to carbon schemes
4 Mar 2022
A major European logging firm may have illegally converted more than a dozen of its timber concessions in the Democratic Republic of the Congo into so-called conservation concessions, a new investigation can reveal.
Governments must vote in favour of moratorium on deep sea mining
Tue 29 Jul 2025
Media release - Greenpeace | The 30th session of the International Seabed Authority (ISA) has ended with Greenpeace saying governments are continuing to fall short in protecting the deep sea.
Does NZ need a national incentive scheme for wetlands?
Fri 25 Jul 2025
By Liz Kivi | An expert is calling for a national incentive programme to restore New Zealand’s wetlands and wants to stop schemes to drain these vital carbon-sequestering ecosystems.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns
18 Jul 2025
Amid suspected fraud in the production of sustainable aviation fuel (SAF), a new report says the airline industry should stop calling all alternatives to kerosene “sustainable”.
Challenges persist in bid to mine the deep sea, even after boost from Trump
Tue 29 Jul 2025
After years of delay, the deep-sea mining plans of Canadian firm The Metals Company (TMC) now appear to be progressing as it pursues a controversial new path to securing a license to mine in international waters under U.S. jurisdiction.
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.
At least 30 killed and several missing as heavy rains and floods lash northern China
Today 11:45am
Thousands of people were evacuated as the region, including the capital Beijing, braced for more rainfall overnight.
Bearish sentiment lingers for carbon market
11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
Multi-day protest continues at coal mine
Today 11:45am
Bathurst Resources has been forced to truck coal from its Stockton mine as climate activists occupy coal buckets at the mine for a third day.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
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.
NZ voluntary carbon market’s sad state
14 Jul 2025
By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.
Hiringa eyes green methanol plant near Whanganui
Tue 29 Jul 2025
By Pattrick Smellie | Green hydrogen pioneer Hiringa Energy is deep in planning to develop an “eight-to-nine figure” methanol plant near Whanganui, using a combination of biomass and hydrogen produced using renewable energy.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
A third of ‘slum residents’ in global south are exposed to disastrous flood risks
Today 11:45am
One in three people in informal settlements in the global south live in floodplains and are at risk of a “disastrous flood”.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Wilding pines threaten Molesworth Station
Mon 28 Jul 2025
By Shannon Morris-Williams | Without increased support, the unchecked spread of wilding pines will continue to creep across Marlborough’s high country – putting iconic landscapes and one of New Zealand’s top five biodiversity hotspots at serious risk, according to an expert.
EV sales fall, but it’s complicated
Tue 29 Jul 2025
Imports of fully electric vehicles fell over 50% in value during the 12 months to June 2025, compared with the year ended June 2024, according to Stats NZ.
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.
SBTi releases Net Zero Standard for banks, investors
Thu 24 Jul 2025
The Science Based Targets initiative announced the release of its finalised Financial Institutions Net-Zero Standard, aimed at enabling banks and investors to set net zero-aligned targets for their lending, investing, insurance and capital markets activities.
NZ part of hidden global deep-sea network beneath the waves
Fri 25 Jul 2025
Media release - Earth Sciences New Zealand | A world-first study of marine life, including sea creatures found in New Zealand's dark, cold, pressurised ocean depths, has revealed that deep-sea life is surprisingly more connected than previously thought.
‘Ideological sludge’: How NZ is quiet quitting climate action
17 Jul 2025
New Zealand once stood out as a world leader on climate change. In June it became the first country in the world to abandon a commitment to phase out oil, gas and coal.
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.
Taranaki mayors want hydrogen kick-start from Wellington
Mon 28 Jul 2025
By Craig Ashworth, Local Democracy Reporter Taranaki mayors want central government to partner up with their councils to kick-start a hydrogen industry. This despite ongoing questions about the gas’s effectiveness in reducing carbon emissions.
Climate catastrophes are creating a ‘new market reality’ for insurance carriers
23 Jul 2025
Raging wildfires and severe storms contributed to record-high global insurance losses — totalling an estimated US$84 billion — for the first six months of the year.
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.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
Fri 25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
All aboard for passenger rail in the golden triangle
Mon 28 Jul 2025
Media release – The Future Is Rail | New Zealand’s national passenger rail advocacy group, The Future is Rail, has announced its strong support for the Green Party’s proposal to establish a new passenger rail service connecting Auckland and Tauranga.
Urgent action needed to get on track for climate goals - commission
Fri 25 Jul 2025
By Shannon Morris-Williams | New Zealand is making progress on reducing greenhouse gas emissions, but more work is needed – urgently – to set up for future reductions, according to the latest report from the Climate Change Commission.
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.
Toxic algae are turning South Australia’s coral reefs into underwater graveyards
Tue 29 Jul 2025
Since March, a harmful algal bloom, fueled by a marine heat wave, has been choking South Australia’s coastline.
NZ govt’s fossil fuel plans could break international law
Thu 24 Jul 2025
By Liz Kivi | The government could be breaching international law with its plans to subsidise and expand fossil fuel extraction, following a ruling overnight from the world’s highest court.
Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’
11 Jul 2025
In the midst of a record-breaking heatwave in Europe, the UK city of Exeter recently played host to the second international conference on “tipping points”.
‘Total infiltration’: How plastics industry swamped vital global treaty talks
Mon 28 Jul 2025
Petrostates and well-funded lobbyists at UN-hosted talks are derailing a deal to cut plastic production and protect people and the planet.
Media round-up
Fri 25 Jul 2025
In our round-up of the climate coverage in local media: Dairy conversions surge; Gore is hit with a drinking water crisis; meanwhile farming lobby groups Groundswell and Federated Farmers are up in arms about a plan to classify environmental impacts in the agriculture and forestry sector.
As US climate data-gathering is gutted, Australian forecasting is now at real risk
Today 11:45am
As damage from climate change intensifies, political change overseas is threatening Australia’s ability to track what’s happening now, and predict what will happen next.
Activists sue US development bank over $4.6bn loan to massive Mozambique gas project
18 Jul 2025
Environmental groups claim loan is ‘unlawful’ in legal filing.
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.
China's carbon emissions may have peaked thanks to renewables push
Mon 28 Jul 2025
Climate experts say China's carbon emissions may have peaked, which could affect global climate targets, the fight against global warming – and the Australian coal industry.
Ocean heatwaves may signal climate tipping point
Fri 25 Jul 2025
A recent study that tapped into satellite data has revealed that 2023 marked an unprecedented year for marine heatwaves, with record-breaking levels of duration, reach and intensity across the world's oceans.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Can robot taxis solve NZ's transport woes?
23 Jul 2025
By Shannon Morris-Williams | The Ministry of Transport has tested the idea of driverless taxis as a futuristic fix. But while new modelling explores how "robotaxis" could ease congestion and reduce car ownership, critics say it misses a crucial point – the country’s worsening transport emissions.
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.
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.
The struggle for control of the Arctic is accelerating - and it's riskier than ever
11 Jul 2025
As the battle for one of the world’s coldest places heats up, an increasingly fragile security balance may be breaking down, leading to an escalating arms race.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
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.
