Topics tagged with 'Carbon prices'
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.
Carbon pricing essential, says Energy Minister
10 Nov 2017
The new energy minister expects carbon to be priced into all energy projects.
Polish grab for carbon-market cash
8 Nov 2017
A Polish bid to siphon off up to €29bn of EU carbon market money for ageing coal plants has been slapped down in a backroom statement by the UK, France, Germany and four other countries.
Carbon on a new six-year high
6 Nov 2017
New Zealand carbon has finally burst through the $19 barrier, after hovering teasingly below the mark since October's general election.
Our carbon price too low, says bank report
2 Nov 2017
New Zealand's carbon price is at the low end of global prices – and well below the level that will trigger the emissions cuts needed to meet the Paris Agreement, a new report shows.
Emissions failure will hurt NZ farmers, warns Fonterra
31 Oct 2017
A global failure to cut greenhouse gas emissions will see New Zealand farmers face demands for major production cuts, the world’s largest milk-processor is warning.
Government planting target OK, say forest owners
27 Oct 2017
The Government’s plan to plant an extra 50,000 hectares of new forest a year is “optimistic but achievable”, say forest owners.
Labour in power sees carbon prices on the rise
20 Oct 2017
Carbon prices are rising on the back of the new government, hitting their highest level in a year within an hour of the market opening today.
Foreign credits bad call, warns ex-climate envoy
16 Oct 2017
Spending up to $20 billion on buying foreign carbon credits will be a “severe imposition” on the economy and will delay New Zealand’s decarbonisation, warns our former climate ambassador.
Why we need a carbon price of $100 ... or more
5 Oct 2017
Carbon prices of $100 a tonne - and possibly as high as $225 – are being foreshadowed in a new report.
Carbon credits key to finding project capital
27 Sep 2017
Issuing carbon credits for schemes that cut greenhouse gas emissions could tip the balance in favour of projects like public transport, a consultant says.
Furious farmers should get with the programme
22 Sep 2017
Political protests this week over fart taxes and water charges are at odds with research showing the agricultural sector knows it has to pay for its pollution.
TAX OR TRADE?: It doesn't make much difference
19 Sep 2017
Ditching the Emissions Trading Scheme in favour of a carbon tax will not solve New Zealand’s emissions woes, a new report says.
Nats vow to 'turbo-charge' farming grants
12 Sep 2017
National is promising to almost triple the money it allocates to the Sustainable Farming Fund if it is returned to power.
Coalition candidates want to rid us of ETS
11 Sep 2017
Two of the parties that could be involved in any centre-left coalition after the election want to scrap the Emissions Trading Scheme.
Researchers to probe rich options for Maori land
23 Aug 2017
Rising carbon prices mean carbon farming, backed by manuka honey production, is becoming a viable use of Maori land, says the head of a Ruatoria charitable company.
Emissions group to probe lack of carbon cap
10 Aug 2017
New Zealand’s lack of a carbon cap is one of the issues on the table for the Productivity Commission.
Foresters fine, but the ETS has some problems
2 Aug 2017
The forestry sector has behaved rationally in response to the Emissions Trading Scheme - but the scheme itself hasn’t always been rational, a new analysis shows.
ETS changes of little help, say foresters
1 Aug 2017
The Government’s latest changes to the Emissions Trading Scheme will do nothing to get more trees in the ground, the forestry sector says.
Greens put case for billion-dollar growth fund
17 Jul 2017
A billion-dollar Green Infrastructure Fund and New Zealand at net-zero emissions by 2050 will be priorities for the Green Party in government.
IT'S OFFICIAL: Ministers get the word on ETS changes
5 Jul 2017
Official advice on changes to the Emissions Trading Scheme has made its way from officials to ministers.
G20 fossil fuel investment threatens Paris targets
5 Jul 2017
G20 countries have stepped up green finance, but their investment in fossil fuels remains so high that the “well below 2 degree” warming limits set in the Paris Agreement will be missed by a wide margin, a new report shows.
Federated Famers warns of consequences
26 Jun 2017
Federated Farmers is warning politicians of “consequences” if agricultural emissions are brought into the Emissions Trading Scheme before other countries put a carbon price on farming.
EDITORIAL: What this $14 billion figure is all about
25 May 2017
The $14.2 billion being bandied about this week as the cost of New Zealand's Paris Agreement pledge is not solely attributable to the purchase of international carbon credits.
Buying Euro credits would pay off, says trader
24 May 2017
New Zealand should hedge its international carbon risk by buying European carbon units, a broker says.
Free credits cost taxpayers almost $1.7 billion
16 May 2017
Free carbon credits for trade-exposed heavy emitters have cost taxpayers nearly $1.7 billion.
Foresters want carbon price range and ETS promise
11 May 2017
A price range for carbon and a promise that changes to the Emissions Trading Scheme will be backdated would get landowners planting carbon-sequestering trees now, says the Forest Owners’ Association.
MPs out of the loop on farm emissions advice
10 May 2017
Parliament has again been told that the Government is getting advice on bringing agricultural emissions into the Emissions Trading Scheme.
FACE THE FACTS: The Government has done little
28 Apr 2017
Two major reports on climate change – one on the likely impacts on New Zealand, the other on ways the country can cut emissions – were released a year ago by the country’s top scientific body, the Royal Society. Energy expert RALPH SIMS, who chaired the report committee, reflects on progress.
Ticking time-bomb in Govt’s failure of leadership on climate – Carr
Tue 9 Dec 2025
By Liz Kivi | The coalition Government’s failure to slash emissions is like pulling the pin on a grenade, handing it to a kid, and saying “hold on tight, she’ll be right”, says former Climate Change Commission chair Rod Carr.
Govt rushes to pass climate law changes under urgency
Today 12:15pm
By Liz Kivi | Legislation to amend the Climate Change Response Act was introduced to Parliament on Monday, and the government intends to rush the changes through under urgency in the next two weeks, avoiding the usual public consultation.
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.
Second fire tears through Tongariro National Park
Tue 9 Dec 2025
By Shannon Morris-Williams | Fire crews have returned to Tongariro National Park this morning as a fast-moving fire that started yesterday threatens unburnt vegetation and nearby communities, just a month after a major blaze scorched 3000 hectares in the same area.
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.
Carbon News publishes ten-year NZU forward curve
Today 12:15pm
Carbon News has published a new ten-year NZU forward curve mapping how carbon prices could evolve through to 2035 under a range of policy and market conditions.
2025 ‘virtually certain’ to be second- or third-hottest year on record, EU data shows
Today 12:15pm
Copernicus deputy director says three-year average for 2023 to 2025 on track to exceed 1.5C of heating for first time.
KiwiRail pauses coal trains amid rising climate protests
Tue 9 Dec 2025
By Shannon Morris-Williams | Climate activists are ramping up actions this week, with a Christchurch protest leading to KiwiRail pausing some coal train operations on Saturday, and another protest against the Fast-Track Amendment Bill planned for parliament today.
Investors must support positive climate-tech
28 Nov 2025
OPINION: We need better leadership than the current ‘climate opportunism’ that is rife in the Beehive, and we need to back a marketplace that will make it happen, writes Rob Campbell.
$235 billion worth of NZ buildings exposed to flooding
30 Oct 2025
More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.
Al Gore's case for optimism
Mon 8 Dec 2025
This year’s United Nations climate summit in Belém, Brazil had everything: A literal flood, a literal fire, a record-breaking 1,600+ fossil fuel lobbyists, and delegates from oil-producing nations working overtime.
Transport dominates NZ’s rising consumer emissions
Today 12:15pm
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.
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.
NZ just had its hottest spring in at least 116 years
Today 12:15pm
By Shannon Morris-Williams | This year New Zealand had its hottest spring since records began, with widespread heat, rainfall extremes and destructive wind driven by sudden stratospheric warming.
NZ marine heatwaves could double in intensity under high-emissions pathway
16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
Uncertainty eroding confidence in forestry sector
Fri 5 Dec 2025
By Shannon Morris-Williams | Warnings are mounting that tree planting is set to plunge to “very close to zero”, as new Ministry for Primary Industries data shows ETS registration applications falling sharply as confidence in forestry declines.
Media round-up
Fri 5 Dec 2025
In our round-up of climate coverage in local media: Labour’s chronic evasiveness as the Government reneges on climate change; newly released documents reveal the country's new methane target is associated with 'perilous' 2.7C of warming; and New Zealand's 'pitiful' decision on emissions targets comes with costs.
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.”
Analysis: Why COP30’s ‘tripling adaptation finance’ target is less ambitious than it seems
Fri 5 Dec 2025
One of the headline outcomes to emerge from COP30 was a new target to “at least triple” finance for climate adaptation in developing countries by 2035.
Govt ‘scaremongering’ over co-operation – former climate ambassador
Fri 5 Dec 2025
By Liz Kivi | New Zealand’s former top climate diplomat, Kay Harrison, says the Government’s recent comments ruling out buying climate mitigation offshore amount to scaremongering, and the country is missing a chance to give our businesses a boost.
TotalEnergies loses in Paris court, marking a turning point for fossil fuel truth-in-advertising
5 Nov 2025
TotalEnergies was found to have misled consumers about its role in the energy transition.
Tribunal warns govt geothermal strategy risks Treaty breach
2 Dec 2025
By Shannon Morris-Williams | The government's geothermal development strategy risks breaching the Treaty of Waitangi, according to a report from the Waitangi Tribunal released last week.
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.
Insurers welcome govt decision to keep NHC levy unchanged
21 Nov 2025
Media release |The Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa (ICNZ) has welcomed the Government’s decision to leave the Natural Hazards Commission levy unchanged, amid ongoing concerns around the cost-of-living.
Why I’m not outraged at the Govt’s latest climate backsliding
7 Nov 2025
COMMENT: The Government’s latest climate rollbacks underline New Zealand’s long history of a lack of genuine desire to cut emissions, writes Geoff Bertram.
NZ’s rejection of emission targets fuels risk of international law breach
Mon 8 Dec 2025
By Karen Scott, Professor in Law, University of Canterbury | The New Zealand government’s decision this week to reject all of the Climate Change Commission’s emission target recommendations was just the latest in a string of policy statements that weaken the country’s action on climate.
NZ fails to back ‘roadmap’ to phase out fossil fuels at COP
24 Nov 2025
By Liz Kivi | Eighty-six countries including Australia, the UK, Germany, and Ireland backed a proposal at COP30 for national plans on how to quit oil, gas and coal – but New Zealand wasn’t one of them.
Hello, foreign oligarchs and corporations! Please come and sue the UK for billions
3 Dec 2025
COMMENT: The case of a planned Cumbrian coalmine shows how governments around the world are being threatened by litigation in shadowy offshore courts.
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.
Storms in the Southern Ocean are producing more rain – and the consequences could be global
Mon 8 Dec 2025
Storms in the Southern Ocean influence weather patterns across Australia, New Zealand and the globe.
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.
Govt green lights rural recycling scheme
Thu 4 Dec 2025
The Government has approved new regulations to bring rural waste schemes under one unified framework.
RMA replacement bills introduced – fixes are needed
Today 12:15pm
Media release: Environmental Defence Society | In a massive shakeup of our core environmental and planning laws, the Government has introduced legislation to Parliament to replace the Resource Management Act 1991 (RMA).
Shipping movements disrupted as climate change protesters block coal ships
2 Dec 2025
NSW police have arrested 141 people who attempted to block the shipping channel in Newcastle Harbour during Rising Tide protests, which began on Thursday.
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.
Rare win for renewable energy: Trump administration funds geothermal network expansion
Fri 5 Dec 2025
A first-in-the-nation heating and cooling network in Massachusetts is set to double in size.
Comparing climate models with observations
Today 12:15pm
The latest generation of climate models shows too much long-term warming but better reproduces recent trends.
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.
More than $2m up for grabs for low-emissions farming innovation
Today 12:15pm
The Ag Emissions Centre and AgriZeroNZ yesterday opened their 2026 innovation investment round.
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.
Seven EU countries pressure European Commission to rethink 2035 diesel and petrol car ban
Tue 9 Dec 2025
Pressure from EU countries, lawmakers and the automotive industry is likely pushing the European Commission to delay the revision of the bloc's ban on diesel and petrol cars by 2035.
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.
Study provides a step-change in understanding NZ’s groundwater
28 Nov 2025
Media release | Earth Sciences New Zealand has developed a world-first National Groundwater Age Map and a powerful suite of tools to support the sustainable management of our hidden groundwater resources, from national through to local scales.
Wildfires destroy 40 homes and kill a firefighter in Australia
Tue 9 Dec 2025
There were 52 wildfires burning across New South Wales on Monday and nine remained out of control. A total of 20 homes had destroyed over the weekend in that state.
NZ’s energy system at a crossroads – report
21 Nov 2025
A new report says New Zealand’s rapid shift toward a 95% renewable electricity system is at a critical turning point, urging faster consenting, stronger firming solutions and better grid planning.
