Topics tagged with 'Carbon prices'
New figures show emitters opting for arbitrage
10 Aug 2018
Emitters appear to be starting to arbitrage the Emissions Trading Scheme.
Businesses reluctant to factor in carbon prices
9 Aug 2018
Carbon prices rarely influence businesses’ decisions to install energy-efficient plant, according to a new report examining the market’s failure to drive down greenhouse gas emissions in the energy sector.
KiwiRail sees exciting future for hydrogen trains
3 Aug 2018
Hydrogen-powered trains could play a big part in cutting New Zealand’s greenhouse gas emissions, KiwiRail says.
STATS SHOW: Shaw about to change the story
31 Jul 2018
Green Party co-leader James Shaw might be the climate minister, but it’s in his statistics portfolio that he is about to change everything.
Minister silent on arbitrage as prices climb
30 Jul 2018
Climate minister James Shaw isn’t commenting on the risk of arbitrage as carbon prices climb closer to the Government’s artificial price cap.
Taxpayers could be left holding carbon bill
26 Jul 2018
Owners of post-1989 forests due for harvest might be tempted to arbitrage carbon credits, leaving taxpayers with the bill and driving liquidity out of the carbon market.
OPINION: If energy grew on trees
20 Jun 2018
By JONATHAN McKEOWN | It is always refreshing when structures and processes work as they were designed to. It’s an absolute triumph when it involves the public sector, an industry body and business.
History says Bridges and Nats are talking hot air
18 Jun 2018
By publisher ADELIA HALLETT | Is Opposition Leader Simon Bridges’ offer to work with the Government on climate change policy worth any more than a dodgy hot-air carbon credit?
Key report dangerously misleading, say Wise men
15 Jun 2018
A document likely to underpin the Government’s plans to decarbonise the economy is being called dangerously misleading.
Trust ticks off benefits of higher carbon prices
14 Jun 2018
Carbon prices of $50 to $350 a tonne by 2020 will drive investments in low-emissions development of Maori land, creating jobs and alleviating poverty along the way, the Government is being told.
Government hears of $800 carbon price possibility
7 Jun 2018
Carbon prices of more than $800 a tonne will be needed if New Zealand doesn’t tackle greenhouse gas emissions from agriculture, the Government has been told.
TIME'S UP: It's Surrender Day for carbon emitters
31 May 2018
Today is Emissions Trading Scheme Surrender Day – the last day for emitters to surrender units to cover their emissions last year.
Use taxes for a better world, says thinktank
14 May 2018
Taxes should be aiming at keeping human activity within the planet’s physical capacity – and that means carbon prices that deliver fast, deep and sustained emissions reductions, the Government’s Tax Working Group has been told.
MARKET REPORT: NZUs $21.35
9 May 2018
Spot NZUs opened at $21.35 bid and $21.50 offered this morning, after last fixing at $21.35.
Open up carbon capture rules, says Prod Com
3 May 2018
All carbon capture and storage in New Zealand should qualify for credits under the Emissions Trading Scheme – no matter where the carbon comes from, the Productivity Commission says.
Global markets and agriculture our Bonn targets
2 May 2018
Access to international carbon markets and getting the rest of the world to cut emissions from agriculture are two of New Zealand’s negotiating priorities at international climate talks this week.
PROD COM REPORT: Keep the ETS ... with changes
27 Apr 2018
New Zealand should keep the Emissions Trading Scheme, but it should include agricultural emissions and subsidises for heavy emitters should go, the Productivity Commission says.
PROD COM REPORT: Farmland into forests
27 Apr 2018
New Zealand might need to convert more than three million hectares of farmland into forests to meet its emissions targets, the Productivity Commission says.
One debate that's now over
27 Apr 2018
By publisher ADELIA HALLETT | Debate about whether New Zealand can decarbonise without going bankrupt should now be over.
August date for public to have say on Shaw's ETS
18 Apr 2018
A new review of the Emissions Trading Scheme will be open for public consultation in August.
Waste food could fuel emissions cuts. says report
17 Apr 2018
New Zealand could slice thousands of tonnes off its greenhouse gas emissions by turning industrial food waste into fertiliser and energy, says a new report.
We can do net-zero by 2050, says Prodcom
16 Apr 2018
New Zealand can get to net-zero emissions by 2050, the Productivity Commission says.
Act now, says report, or watch carbon price rocket
4 Apr 2018
Carbon prices could hit $145 a tonne by 2050 if New Zealand delays decarbonising the economy, a new report warns.
PARKER POWER: The key is bringing it all together
3 Apr 2018
Environment minister David Parker says if you want to get his measure, look at the America’s Cup deal he’s just done.
Here's why we need a carbon price cap of $100
29 Mar 2018
An immediate carbon price cap of $100 a tonne and a $25 price floor is needed if New Zealand is to be carbon-neutral by 2050, says former Environment Secretary Dr Roger Blakeley.
Carbon capture permits a no-go, says Shaw
26 Mar 2018
Climate minister James Shaw says he wants to cut New Zealand’s use of fossil fuels, not give the sector carbon credits.
Oil explorer wants credits for carbon capture
21 Mar 2018
New Zealand’s largest oil and gas exploration company wants carbon credits for capturing and storing emissions from fossil fuel production – and says it’s viable at a carbon price of just $18 a tonne.
Ten years on, we're back where we began
19 Mar 2018
By publisher ADELIA HALLETT | When it comes to action on climate change, we’re pretty much back to where we were 10 years ago, when Carbon News started publishing.
MARKET REPORT: NZUs $20.94
19 Mar 2018
Spot NZUs opened at $20.90 bid and $21.00 offered this morning, after last fixing at $20.94.
OPINION: Why natural gas won't do the job
19 Mar 2018
Climate and energy expert Professor RALPH SIMS explains why natural gas is not a “bridging” fuel between dirtier fossil fuels and low-carbon energy. Searching for it and using it, he says, will delay New Zealand reaching its Paris Agreement emissions reduction target.
Climate commission's job to advise, says Upton
7 Mar 2018
The climate commission should make recommendations on the Emissions Trading Scheme and the number of international credits used to meet New Zealand’s targets, but control should stay firmly in the hands of the Government, says new Parliamentary Commissioner for the Environment Simon Upton.
Ontario permits sell out at first auction
7 Mar 2018
Ontario has participated in its first auction of carbon allowances as part of the Western Climate Initiative, selling 23,743,316 current-vintage allowances at a price of $C18.44 ($NZ19.66).
Minister aware of risk in delaying price cap rise
6 Mar 2018
The Government knows delaying lifting the carbon price cap could cost taxpayers money, but says it is unlikely to move until next year.
Biofuels need backing of the nation, says Scion
27 Feb 2018
New Zealand could run its heavy vehicles on locally produced low-carbon biofuels – but only if the country decides collectively to act.
OPINION: Biofuels not easy, but worth the effort
27 Feb 2018
Biofuels, liquid and gaseous, will have a role to play in moving towards net zero greenhouse gas emissions by around mid-century in both New Zealand and globally, says Professor Ralph Sims.
Minister mum on future of electric trains
23 Feb 2018
There’s no word yet on whether KiwiRail’s plans to replace electric engines with diesel will go ahead.
NZ could do good carbon deal now, says trader
20 Feb 2018
The Government could hedge against its $10 billion future carbon bill now – with a money-back guarantee, says carbon trader Nigel Brunel.
Raise cap or pay the price, warns ETS pioneer
15 Feb 2018
Taxpayers could get a hefty carbon bill if the Government doesn’t urgently lift the carbon price cap, a gathering of Emissions Trading Scheme experts has heard.
Emitters can keep stashed free carbon credits
9 Feb 2018
Trade-exposed heavy emitters sitting on free NZUs from taxpayers will be able to keep using them - even if they did contribute to New Zealand’s embarrassing “dodgy credits” incident.
Maori landowners oppose delay in ETS changes
2 Feb 2018
Changes to the Emissions Trading Scheme are needed now, not at the end of next year, if the Government wants Maori land owners to plant carbon-sequestering forests, says a specialist in climate change and Maori development.
Shaw puts ETS on ice until end of next year
23 Jan 2018
Any further changes to the Emissions Trading Scheme – including getting rid of free credits to heavy emitters and changing forestry rules – will not be made until the end of next year, the Government says.
One-for-two subsidy enters its dying days
22 Jan 2018
New Zealand’s one-for-two carbon subsidy is almost gone.
Policies will begin to bite down on the farm
22 Jan 2018
Government policies – including the Emissions Trading Scheme - are expected to start making a dent in New Zealand’s agricultural emissions over the next 12 years.
NZ has 'reckless' plan for global carbon-trading
11 Dec 2017
New Zealand's approach to negotiating carbon-trading relationships with other countries is drawing fire.
HUSH-HUSH: Officials want lid on global-market talk
8 Dec 2017
Officials are working on getting New Zealand access to international carbon markets when they develop – but they don’t want their activities made public.
Carbon breaks through $20 mark
7 Dec 2017
New Zealand carbon is selling for more than $20 a tonne for the first time since March 2011 – and it’s expected to go higher.
The trick is reading farmers' minds, says scientist
6 Dec 2017
Understanding why farmers are not taking advantage of ways to make more money while cutting greenhouse gas emissions is critical to getting New Zealand’s emissions down, says a leading scientist.
Climate commission might have carbon price role
30 Nov 2017
The climate commission – one of the Government’s promises for its first 100 days in office – is likely to play a role in setting carbon prices, the new climate minister says.
Force firms to report carbon, say energy leaders
28 Nov 2017
The Government is being told to make carbon reporting mandatory for publicly listed companies and to hold public-sector executives responsible for carbon performance.
Broker backs hedging with European units
20 Nov 2017
Entities with future carbon liabilities should be thinking about hedging with European units – and that includes the country itself, says a leading carbon broker.
What happens to net zero if the trees don’t survive?
Wed 20 Aug 2025
When climate change undermines the climate plan.
Media round-up
Fri 22 Aug 2025
In our round-up of climate coverage in local media: The climate advice the government didn't want you to see; New Zealand's groundbreaking climate law has become ‘a shell’; and could the Electricity Authority be about to inadvertently increase power prices?
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.
Why plane turbulence is becoming more frequent - and more severe
6 Aug 2025
As climate change shifts atmospheric conditions, experts warn that air travel could become bumpier: temperature changes and shifting wind patterns in the upper atmosphere are expected to increase the frequency and intensity of severe turbulence.
Bolivia will choose a new president but environmental activists see little hope of progress
Fri 22 Aug 2025
Many Indigenous and environmental leaders doubt the election will bring progress in stopping deforestation, wildfires or pollution in the Amazon.
Media round-up
15 Aug 2025
In our round-up of climate coverage in local media: Australia could be about to leapfrog New Zealand on climate targets; 'strangled' rivers are fighting back; and 10 rangatahi will join Aotearoa New Zealand’s delegation at the United Nations' major climate conference in Brazil.
‘Problems looming’ for Govt's key climate tool
Fri 22 Aug 2025
By Liz Kivi | There are serious unresolved issues for the Emissions Trading Scheme which mean it could become unstable and ineffective at driving emissions reductions, according to the Climate Change Commission.
Record solar growth keeps China’s CO2 falling in first half of 2025
Fri 22 Aug 2025
Clean-energy growth helped China’s carbon dioxide (CO2) emissions fall by 1% year-on-year in the first half of 2025, extending a declining trend that started in March 2024.
Coal mining company continuing with fast-track plans despite costly protest
Fri 22 Aug 2025
By Shannon Morris-Williams | A marathon 23-day coal bucket occupation protesting Bathurst Resources' plan to mine the Denniston Plateau ended on Tuesday, when Climate Liberation Aotearoa activists Rachel Andrews and Tāmati Taptiklis climbed down from the 80-metre high Stockton mine ropeway and were taken into custody.
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?
What does 'drier' really mean in 'green' homes?
1 Aug 2025
Media release - Waipapa Taumata Rau, University of Auckland | Researchers say green-rating systems could improve clarity and effectiveness by explicitly defining ‘drier’ and using two measures of humidity.
RMA to speed up fossil fuel consents
Mon 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.”
Certainty crucial to emissions cuts – Watts
Wed 20 Aug 2025
By Shannon Morris-Williams | Climate Change Minister Simon Watts says that policy certainty is the Government’s primary lever for unlocking private capital and meeting climate targets, telling a carbon forestry conference that ETS settings are 'locked' through 2030.
Why helping customers electrify is a growth opportunity for energy retailers
Fri 22 Aug 2025
Media release – Cogo | The global shift to a low-carbon economy is transforming the energy market. For energy retailers, this shift brings both pressure and possibility.
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.
Nearly half of Kiwi in the dark about risks facing their homes
Fri 22 Aug 2025
Media release – Tower | As weather events become more frequent and extreme its important people have information about the risks that could affect their property.
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.
Cyclone Gabrielle’s intense rainfall made landslides inevitable
Wed 20 Aug 2025
Cyclone Gabrielle was one of the most extreme landslide-triggering events ever recorded globally.
Shane Jones on climate change – it’s real, but…
15 Aug 2025
By Pattrick Smellie | New Zealand First deputy leader Shane Jones believes climate change is real, but is uninterested in what is causing it and primarily focused on adapting to it.
A modest geothermal strategy
31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
Governments in Global South get dedicated support to tap into carbon markets
Thu 21 Aug 2025
Media release – VCMI | A new toolkit will help emerging markets and developing economies decide how best to generate and sell carbon credits to access climate finance, accelerate innovation and help close the $1.3 trillion climate finance gap.
How the meat industry uses environmental groups to make beef seem climate-friendly
11 Aug 2025
The meat industry may have enlisted environmental groups to persuade people to “feel better” about eating beef, despite the sector’s ballooning emissions of climate-heating pollution.
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.
Hiringa eyes green methanol plant near Whanganui
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.
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.
Forestry sector could take legal action over ETS changes
14 Aug 2025
By Liz Kivi | The forestry sector is threatening legal action against the Government over changes to legislation intended to limit whole farm-to-forest conversions in the Emissions Trading Scheme.
Forestry the source of all ETS risk, says top economist
15 Aug 2025
By Shannon Morris-Williams | Forestry is the source of all of the risk in New Zealand's Emissions Trading Scheme and it's inevitable that the scheme has to be reformed, according to Parliamentary Commissioner for the Environment chief economist Geoff Simmons.
Govt opts for status quo for ETS auctions
Tue 19 Aug 2025
By Liz Kivi | The government has chosen not to increase auction volumes in the Emissions Trading Scheme, a decision applauded by carbon market insiders and climate campaigners alike, despite it contradicting the Climate Change Commission’s advice.
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.
Oil states accused of using scare tactics in bid to sink green shipping deal
12 Aug 2025
Saudi Arabia, Iran and other oil-reliant countries are campaigning to stop the adoption of the IMO’s Net-zero Framework in October.
Brazil issues last-ditch plea for countries to submit climate plans ahead of COP30
Wed 20 Aug 2025
Only 28 countries have submitted carbon-cutting proposals to the UN, with some of the biggest emitters yet to produce plans.
Backlash over govt conservation changes
4 Aug 2025
By Shannon Morris-Williams | The government’s proposed changes to the Conservation Act are the most significant roll back in conservation protections in a generation, according to the Green Party.
Failed plastic treaty 'significant disappointment'
Mon 18 Aug 2025
The failure of negotiations on a legally-binding global plastics treaty is a "significant disappointment," but no treaty is still better than a weak one, according to a New Zealand expert.
Strong NZ representation in upcoming global climate report
Thu 21 Aug 2025
By Shannon Morris-Williams and Liz Kivi | Eighteen New Zealanders are among more than 600 experts appointed by the IPCC for its next painstaking scientific deep dive into the drivers of climate change, its impacts and future risks, and how adaptation and mitigation can reduce those risks.
Activists facing intimidation tactics at Bathurst mine
Tue 19 Aug 2025
By Shannon Morris-Williams | Climate Liberation Aotearoa activists suspended 80m high in a coal bucket at a the Stockton mine on the West Coast say coal mining company Bathurst Resources is using ‘hostile’ tactics to try and remove them.
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.
The US Department of Agriculture bans support for renewables, a lifeline for farmers
Thu 21 Aug 2025
The agency said it’s concerned that farmland is being consumed by wind and solar facilities – which occupy a tiny fraction of the country’s productive acres.
Will reflective roofs help beat the heat?
15 Aug 2025
Media release - University of Auckland | About 500 roofs across four continents have been painted with a reflective coating, as part of research into tackling the health impacts of climate change.
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’.
Carbon price underperforming: Environment secretary
13 Aug 2025
By Liz Kivi | The government has been focussed on reducing the Emissions Trading Scheme ‘stockpile’ and carbon prices should rise soon, according to the Secretary for the Environment.
Last minute change to oil and gas legislation over cleanup costs
31 Jul 2025
By Liz Kivi | The government is expected to repeal the oil and gas ban today, with a last-minute amendment handing discretionary power to two ministers over the controversial issue of decommissioning.
African $60 billion high-speed rail project takes shape
15 Aug 2025
One of the largest infrastructure projects in Africa has received a new update that could see construction begin soon.
'Yet another rate': Franz Josef ratepayers balk at $2.8m stopbank extension
4 Aug 2025
By Lois Williams, Local Democracy Reporter | Franz Josef ratepayers have given the thumbs down to plans for a $2.8 million stopbank extension to protect the town’s sewerage plant from the Waiho River.
Warmer end to winter but dry spell expected over southern lakes
5 Aug 2025
As hydro lake levels hover just below average levels, climate forecasts indicate that warmer than usual weather conditions will reduce demand, but there will likely be less rain over the southern hydro lakes as New Zealand moves towards spring and summer.
Record UK wildfires have burned an area twice the size of Glasgow in 2025
12 Aug 2025
Wildfires have scorched more than 40,000 hectares of land so far this year across the UK – an area more than twice the size of the Scottish city of Glasgow.
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.
