Topics tagged with 'Carbon News world'
How 50 days of the Iran war led to the loss of $50 billion worth of oil
Today 12:30pm
The world has lost over $50 billion worth of crude oil that has not been produced since the Iran war began nearly 50 days ago and the aftershock of the crisis will be felt for months and even years to come.
Europe has 'maybe six weeks of jet fuel left', energy boss warns
Mon 20 Apr 2026
Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week.
Judge dismisses Trump administration’s bid to block Hawaii climate lawsuit
Mon 20 Apr 2026
It was the second defeat for the Trump administration’s unusual litigation to stop states from acting on climate change.
IMF warns EU not to offset the energy price spike too much
Mon 20 Apr 2026
European governments should not excessively shield businesses and consumers from more expensive energy because that distorts the price signal to cut consumption and could be fiscally very expensive, the International Monetary Fund said.
Thousands protest in Germany urging faster shift to renewable energy, amid Iran war
Mon 20 Apr 2026
Thousands of people demonstrated across Germany on April 18, urging a faster shift to renewable energy and accusing conservative Chancellor Friedrich Merz’s coalition of putting the brakes on the transition.
‘A disturbing lack of integrity’: Columbia students file complaint against energy thinktank taking big oil money
Mon 20 Apr 2026
thinktank at Columbia University is engaging in deceptive trade practices by hiding the extent of its financial ties to the fossil fuel industry, according to a first-of-its-kind administrative complaint filed by student activists and shared with the Guardian.
Monarch Tractor CEO: ‘We should have pivoted harder and faster’
Mon 20 Apr 2026
Electric tractor pioneer cofounder Praveen Penmetsa says the company's collapse reflects the limits of an ambitious full-stack hardware model in a changing economic climate—not a failure of the underlying technology.
Critical Atlantic current significantly more likely to collapse than thought
Fri 17 Apr 2026
The critical Atlantic current system appears significantly more likely to collapse than previously thought after new research found that climate models predicting the biggest slowdown are the most realistic
EU working on jet fuel plan as Iran crisis threatens air travel
Fri 17 Apr 2026
The European Union is drafting plans to tackle a looming jet fuel supply crunch and maximise refinery output, officials said.
Middle East war damage to energy assets may cost up to $58 billion, research firm Rystad says
Fri 17 Apr 2026
The Middle East conflict could saddle the region with as much as $58 billion in repair costs for energy-linked infrastructure, with oil and gas facilities alone accounting for up to $50 billion, according to a report by Rystad Energy.
Why cheap power could matter more than clean power in the push for net zero
Fri 17 Apr 2026
The issue has taken on new urgency as conflict in the Middle East pushes up oil and gas prices, raising fears that high energy costs could persist.
As energy costs rise, some states back off ambitious climate goals
Fri 17 Apr 2026
Seven years ago, New York lawmakers set ambitious goals for slashing greenhouse gas emissions with clarion calls about saving the future. Now, with slow progress made and political realities shifting, Gov. Kathy Hochul is seeking a delay, saying she wants to save consumers money.
The environmental cost of war
Fri 17 Apr 2026
War is not often described in environmental terms, but it should be. Modern conflict is carbon-intensive at nearly every stage.
Oil refinery fire at key Victoria facility
Thu 16 Apr 2026
Explosions and towering flames were reported as a significant fire broke out at one of Australia’s major oil refineries.
India walked away from its bid to host COP33 – here's why
Thu 16 Apr 2026
India has quietly abandoned its bid to host the UN's top-tier climate conference COP33, marking a shift from PM Narendra Modi's pledge in 2023. Experts and analysts explore what's behind the decision.
Sixteen experts urge IEA to accelerate the clean energy transition
Thu 16 Apr 2026
Sixteen specialists have written to IEA executive director Fatih Birol, urging the agency to move beyond emergency measures and guide governments on accelerating clean technologies amid the global energy crisis.
Tuvalu to host world leaders before COP31 summit
Thu 16 Apr 2026
Tuvalu, the Pacific nation at the forefront of the global climate crisis, will host a special meeting of world leaders before this year’s Cop31 summit, as the conference president expresses “complete faith” in Chris Bowen to lead tough negotiations.
Meeting climate targets requires humanity to reorient its relationship with nature, new study says
Thu 16 Apr 2026
A team including scientists, Indigenous people and conservationists point to the ecosystem connecting Yellowstone and the Yukon as an example of a region where humans and nature are flourishing together.
War spurs EU plan for electricity tax cuts, faster shift from fossil fuels, draft shows
Thu 16 Apr 2026
The European Union plans to reduce electricity taxes and expand clean technologies faster to cut consumers' exposure to soaring oil and gas prices, as part of its plan to offset the Iran war's energy impact, a draft document showed.
Don’t mention the climate: Trump creates ‘beyond absurd’ situation at global finance talks
Wed 15 Apr 2026
Governments desperate for cash to protect their citizens from the growing impacts of the climate crisis are being put in a “beyond absurd” situation this week at global finance talks: they are being urged not to mention the climate, even as they address the current oil crisis.
IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controls
Wed 15 Apr 2026
The International Monetary Fund, World Bank and International Energy Agency on Monday urged countries to avoid hoarding energy supplies and imposing export controls that could worsen what they called the biggest shock ever to the global energy market.
China's climate envoy warns of energy security risks, urges renewables shift
Wed 15 Apr 2026
The ongoing global energy crisis has highlighted the risks of heavy dependence on fossil fuel imports, prompting an urgent need for countries to rethink their energy security strategies and accelerate the transition to renewable energy, Liu Zhenmin, China's climate envoy for climate change, has said recently.
ETS divisions sharpen as EU carbon market review nears
Wed 15 Apr 2026
The EU’s carbon market is heading towards a pivotal review, with tensions mounting between Member States over how the system shapes energy prices, industrial competitiveness and the pace of decarbonisation.
Gun manufacturers won the ultimate legal shield. Big Oil wants that, too
Wed 15 Apr 2026
Backed by the Trump administration, the industry is seeking to block all climate lawsuits that seek compensation from fossil fuel producers for damages.
AI surge gives carbon capture a new push
Wed 15 Apr 2026
Technology that captures carbon emissions from power plants may finally get a breakthrough as deep-pocketed tech companies try to meet climate goals while powering the AI race.
Marine heatwaves ‘nearly double’ the economic damage caused by tropical cyclones
14 Apr 2026
Tropical cyclones that rapidly intensify when passing over marine heatwaves can become “supercharged”, increasing the likelihood of high economic losses, a new study finds.
UK ‘green’ jet fuel imports linked to illegal Amazon deforestation
14 Apr 2026
A major supplier of ‘green’ airline fuel to the UK has sourced beef fat linked to illegal Amazon deforestation, court documents and shipping data show.
The world just had its second-warmest March on record
14 Apr 2026
According to NCEI’s statistical analysis, it is almost certain that 2026 will rank among the 10 warmest years on record, and very likely that it will place in the top five.
France unveils electrification plan to cut fossil fuel dependence
14 Apr 2026
French Prime Minister Sébastien Lecornu outlined a national electrification plan on Friday aimed at reducing reliance on fossil fuels and strengthening the country’s energy sovereignty.
Hormuz blockade could deepen world’s worst energy crisis – and risk a dangerous misstep
14 Apr 2026
President Donald Trump ordered a naval blockade of the Strait of Hormuz on Sunday, dimming hopes for a quick end to the conflict in the Middle East and escalating a standoff with Iran that has already triggered the worst energy shock in history.
Is the Keystone XL pipeline back?
14 Apr 2026
A company has proposed to build a crude oil pipeline crossing the Canadian border near where the long-contested project would have entered the United States.
Microsoft is pausing carbon removal purchases
13 Apr 2026
Microsoft has begun telling suppliers and partners that it is pausing future purchases of carbon removal, according to two people who have been informed of its plans.
The case against energy bail-outs
13 Apr 2026
As war rages in Iran, governments must not repeat the mistakes of 2022.
Australia eyes new fuel supply from US, Mexico and Asia as diesel prices spike to record high
13 Apr 2026
Australia could get more fuel from the US, Mexico or its Asian neighbours, with a new government policy helping refineries bid for oil shipments as diesel prices spike to new record highs.
Ocean protections clash with mining pressure in Indonesia’s most diverse marine ecosystem
13 Apr 2026
Long regarded as a global model for ocean conservation, Raja Ampat ecosystems are now under pressure, as concerns grow over the expansion of nickel mining alongside a surge of international tourism.
Drowned chicks and food scarcity: Emperor penguin and Antarctic fur seal now endangered
13 Apr 2026
The primary drivers are shrinking sea ice and warming oceans driven by climate change.
India pulls out of bid to host UN climate summit
10 Apr 2026
Climate experts term the decision as a setback and surprise as India had been using the proposed summit to position itself as climate leader of the Global South.
Empty ships and shut wells: Why the Iran war oil crisis is not over yet
10 Apr 2026
While reopening the Strait of Hormuz provides a vital release valve for energy, delays in restarting production and transport mean the energy crisis is far from over.
US EPA head gives keynote address at climate sceptic conference
10 Apr 2026
Environmental Protection Agency (EPA) Administrator Lee Zeldin gave the keynote speech Wednesday at a conference hosted by a climate denial group.
From war to weather: A ‘super El Niño’ event poses fresh risks to global food costs
10 Apr 2026
An unusually powerful El Niño later this year could exacerbate food security fears as disruption caused by the Iran war strains supply for crucial fertilier products.
France's emissions cuts slow again in 2025, throwing climate targets off track
10 Apr 2026
While France's overall emissions are still in decline, the rate of their decline had slowed for the second year in a row, throwing the country off course to meet its 2030 climate goals.
More harsh weather in store for Afghanistan after 148 deaths
10 Apr 2026
Afghanistan faces further rough conditions on Thursday, the country's weather authorities warned, following floods, earthquakes and landslides that have killed 148 people over the past two weeks.
Solar energy, cheap battery storage can meet 90% of India’s power demand at affordable costs: Ember report
9 Apr 2026
Battery storage is now cheap enough in India that solar power can meet 90% of the country’s power demand at lower lifetime costs than current average purchase rates in most states, a new study has found, a finding that could potentially point to a future buffer against global energy shocks.
A new economic superpower could spark a global retreat from fossil fuels
9 Apr 2026
Eighty-five countries have sought a roadmap to phasing out fossil fuels. A conference this month offers hope they could unite.
The European Commission has published the first quarterly price for CBAM certificates
9 Apr 2026
The European Commission has officially set the reference price for the Carbon Border Adjustment Mechanism certificate for the first quarter of 2026 at €75.36 per ton of CO2.
Australia, China discuss regional energy security, Albanese says
9 Apr 2026
Australian Prime Minister Anthony Albanese said he discussed regional energy security with his Chinese counterpart Li Qiang by phone on Tuesday, as China's fuel export ban exacerbates energy disruptions linked to the Iran war.
How Pakistan’s solar boom is shielding it from worst of Iran war crisis
9 Apr 2026
A quarter of Pakistani households are now using solar panels. This insulates millions of families from the energy supply crunch prompted by the US-Israel war on Iran.
We're at a 'psychological hinge point'
9 Apr 2026
By Bill McKibben | COMMENT: I think we can assess one outcome of this stupid war already: both the emotional valence and the structural understanding of different energy sources has shifted, and for good.
Oil prices choppy after expletive-laden Trump threat to Iran
8 Apr 2026
Oil prices saw choppy trading on Monday after US President Donald Trump threatened to destroy critical infrastructure in Iran unless it allows ships to cross the Strait of Hormuz.
China's Xi urges faster development of new energy system as Middle East war continues
8 Apr 2026
Chinese President Xi Jinping has called for accelerated planning and construction of a new energy system to safeguard the country's energy security, weeks into the Iran war that has triggered global energy shocks.
Green Party calls for national electrification plan
Mon 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.
Diesel crunch exposes fuel vulnerability
Mon 20 Apr 2026
By Shannon Morris-Williams | Rising diesel prices and tightening supply are exposing New Zealand’s heavy reliance on fossil fuels, with experts warning the squeeze on farming and forestry is likely to ripple through the economy while strengthening the case for lower-emissions energy alternatives.
$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 has 'maybe six weeks of jet fuel left', energy boss warns
Mon 20 Apr 2026
Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week.
Environment ministry straining under pressure of reforms and potential disestablishment
Wed 15 Apr 2026
The ministry responsible for New Zealand’s most significant resource management reform in a generation is doing so under institutional strain, compressed timeframes, and an uncertain future – including its own potential disestablishment.
Burning wood for power worse for climate than gas equivalent, report finds
Today 12:30pm
Research casts doubt on plans by the UK government to offer subsidies for carbon capture attached to the power source.
Carbon price rises as lack of forestry credits hint at tightening supply
Today 12:30pm
By Liz Kivi | Prices on the secondary carbon market have rallied to their highest point in 2026, recovering to levels last seen in November last year, just before the Government announced it was unlinking the Emissions Trading Scheme from international climate goals.
Carbon ‘stockpile’ up 9 million in March quarter
10 Apr 2026
By Liz Kivi | The ‘stockpile’ of pollution permits (NZUs) in private accounts has increased by just over 9 million to almost 145 million since the end of 2025, according to the latest figures from the Environmental Protection Authority.
Latest emissions inventory: ‘Something has gone very wrong’
Thu 16 Apr 2026
By Liz Kivi | New Zealand’s greenhouse gas emissions in 2024 decreased by just 0.1% compared to 2023, in what an expert says is a “terrible result”, compared to faster progress in previous years.
Supply-side pressures and political uncertainty ahead for carbon market
7 Apr 2026
By Kristen Green | ANALYSIS: With failed auctions, a surge of new forestry registrations, and an election a few months away, the NZ ETS in 2026 will be subject to a mix of supply-side pressures and political uncertainty.
Sustainable retail-office project breaks ground under new Green Star framework
19 Feb 2026
Construction is set to begin on a new retail-office development in central Auckland, which is targeting a 40% reduction in embodied carbon and 25% lower energy.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
Today 12:30pm
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.
Climate pollution static but NZ still on track for first emissions budget, says MfE
Fri 17 Apr 2026
By Liz Kivi | New Zealand is still on track to meet its first emissions budget, according to the Ministry for the Environment, despite the pace of emissions reductions slowing to a standstill.
Going concern status flags depth of Methanex NZ's gas crisis
Today 12:30pm
Methanex's New Zealand operation is relying on financial support from its Canadian parent to remain a going concern after a second consecutive year of asset impairments left the business with negative equity.
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.
Extreme weather in Wellington ‘a different beast’
Today 12:30pm
By Liz Kivi | Climate scientist Luke Harrington says the small-scale but intense floods which have slammed the capital in recent days are the kind that intensify most rapidly in a warming climate – and are the hardest to predict.
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.
Forest owners welcome next step in India trade deal
Today 12:30pm
Media release | The New Zealand Forest Owners Association (NZFOA) welcomes confirmation that legal verification of the New Zealand-India Free Trade Agreement has been completed, with both countries confirming the agreement will be signed on 27 April in New Delhi.
‘We are not going back’: Iran war forces global energy shift
Today 12:30pm
This week’s gathering of financial heavyweights at the International Monetary Fund and World Bank spring meetings in Washington made one thing clear: The Iran war is setting the world on a new energy path.
Tehran will never cede control of Strait of Hormuz, senior Iranian politician tells BBC
Today 12:30pm
"Never." That's when a senior Iranian lawmaker says they'll be ready to give up their control of the Strait of Hormuz.
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.”
Self-interest should drive investment in overseas climate action, says former climate commissioner
13 Apr 2026
By Liz Kivi | Wealthy countries – including New Zealand – aren’t doing nearly enough to fund climate mitigation in the developing world, with new research saying we need to "change the conversation" to spark action in this vital area.
A matter of strategy
7 Apr 2026
COMMENT: Even on the brink of a global commodities crisis, the possibilities for climate action aren't hopelessly foreclosed. Strategy can turn our fortunes around, writes David Hall.
Fonterra admits ‘100% grass-fed’ claim breached law in greenwashing row
2 Apr 2026
By Shannon Morris-Williams | Fonterra has admitted its “100% New Zealand grass-fed” claims on Anchor butter were misleading and breached the law, settling a case brought by Greenpeace Aotearoa over packaging used between December 2023 and April 2025.
New alliance wants renewable-led energy – and Govt to press pause on LNG
9 Apr 2026
A newly formed coalition of business, consumer and energy organisations has unveiled a renewable-led strategy it says will strengthen the country’s energy security, and it’s calling on the Government to pause its plan for an LNG import terminal.
NZ prepares to join ‘gold rush’ for white hydrogen
25 Mar 2026
By Pattrick Smellie | New Zealand may be close to commercialising the capture and use of naturally occurring ‘white’ hydrogen, with investment plans for developments in the Wairarapa region picking up pace in response to spiralling oil prices.
Media round-up
20 Mar 2026
In our round-up of climate coverage in local media: Crown lawyers agree High Court could quash emissions plan if found unlawful; NZ is locked in 'disaster inertia'; and climate change is notably absent from new development laws.
Climate law change spanner in the works for Waitangi Tribunal Inquiry
19 Dec 2025
By Liz Kivi | The Government’s controversial changes to New Zealand’s legal framework for climate policy have thrown a spanner in the works for a long-running Waitangi Tribunal Inquiry into climate change.
Judge dismisses Trump administration’s bid to block Hawaii climate lawsuit
Mon 20 Apr 2026
It was the second defeat for the Trump administration’s unusual litigation to stop states from acting on climate change.
Genesis fires up pellet study with Nature’s Flame
8 Apr 2026
By Pattrick Smellie | Genesis Energy is extending its quest for locally produced torrefied wood pellets to supplement coal and gas to fuel its Huntly power station, announcing it is investigating plant construction with established local solid fuels player Nature’s Flame.
Climate risks could reshape business finances, new guidance warns
Wed 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.
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.
Media round-up
Fri 17 Apr 2026
In our round-up of climate coverage in local media: The fuel crisis is a chance for government to reduce greenhouse gas emissions, what would it take to tap into New Zealand's oceans energy, and which political parties would subsidise your rooftop solar panels?
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.
Critical Atlantic current significantly more likely to collapse than thought
Fri 17 Apr 2026
The critical Atlantic current system appears significantly more likely to collapse than previously thought after new research found that climate models predicting the biggest slowdown are the most realistic
Kiwis overly optimistic about state of environment
27 Feb 2026
By Shannon Morris-Williams | New research suggests many New Zealanders believe the environment is in better shape than it really is, with public perceptions often out of step with scientific evidence.
‘They pushed so many lies about recycling’: the fight to stop big oil pumping billions more into plastics
24 Feb 2026
Plastic production has doubled over the last 20 years – and will likely double again. For author Beth Gardiner, metal water bottles and canvas tote bags are not the solution. So what is?
Thousands protest in Germany urging faster shift to renewable energy, amid Iran war
Mon 20 Apr 2026
Thousands of people demonstrated across Germany on April 18, urging a faster shift to renewable energy and accusing conservative Chancellor Friedrich Merz’s coalition of putting the brakes on the transition.
China has a new competitor? Kazakhstan reveals huge rare Earth deposit that could power the next tech boom
25 Feb 2026
China’s grip on rare earths might finally see some competition, and the world is already taking notice.
Environmental groups launch legal action over Govt's 'tick-box approach' to conservation land
8 Apr 2026
By Liz Kivi | Forest & Bird and the Environmental Defence Society are taking the Government to court over decisions about the future of publicly-owned land on Te Tai Poutini/the West Coast.
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.
AI surge gives carbon capture a new push
Wed 15 Apr 2026
Technology that captures carbon emissions from power plants may finally get a breakthrough as deep-pocketed tech companies try to meet climate goals while powering the AI race.
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.
India walked away from its bid to host COP33 – here's why
Thu 16 Apr 2026
India has quietly abandoned its bid to host the UN's top-tier climate conference COP33, marking a shift from PM Narendra Modi's pledge in 2023. Experts and analysts explore what's behind the decision.
Infrastructure plan calls for ‘predictable approach’ to electrifying economy
18 Feb 2026
Aotearoa’s first National Infrastructure Plan, introduced to Parliament yesterday, calls for "a predictable approach to electrifying the economy" as one of ten priorities for the next decade.
Dairy farmers' lack of climate action 'even bleaker' than water inaction – Upton
1 Apr 2026
By Shannon Morris-Williams | Government projections for cutting agricultural emissions are being undermined by low farmer uptake, with the Parliamentary Commissioner for the Environment warning the country is relying on “heroic” assumptions to meet its methane targets.
AI tool predicts wildfire danger faster than current systems
26 Mar 2026
Media release | A wildfire forecasting system powered by artificial intelligence could help detect dangerous fire conditions earlier and reduce the cost of wildfire response, according to new research from Te Whare Wānanga o Waitaha | University of Canterbury.
Renewable build-out runs into grid and firming limits
8 Apr 2026
New Zealand's electricity market entered 2026 with renewable generation at record levels and a substantial build pipeline finally moving from paper to construction. The harder question is whether the wider system can absorb and firm that capacity fast enough.
