Topics tagged with 'Carbon prices'
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.
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.
‘Stop burning fossil fuels’ pleads scientist as extreme rain causes floods yet again
Fri 27 Mar 2026
Northland and Auckland have again been lashed by heavy rain, with hundreds of people evacuated last night because of extensive flooding in the Far North, and some areas hit by more than a month's average rainfall in just 24 hours.
Beef production drives 40% of agriculture-linked forest destruction, Brazil leads
Thu 26 Mar 2026
Beef production is the leading driver of agriculture-linked deforestation, accounting for 40% of all forest clearing done to open space for food production, according to details of a study released on Tuesday.
$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.
Signs of jet fuel hoarding emerge in Asia on Iran oil shock
Thu 26 Mar 2026
Signs are growing that Asian countries are hoarding jet fuel after the Iran war sent oil prices surging, reflecting growing strain on the aviation industry.
Planting mānuka might bring birds, bats and insects back to farms
23 Mar 2026
Media release | New research published today in the New Zealand Journal of Ecology shows that Mānuka forests planted to support honey production provide positive nature-related impacts.
Air NZ joins Marsden Point SAF project
3 Mar 2026
By Pattrick Smellie | Air New Zealand has quietly added its name to a consortium exploring the viability of green hydrogen production for sustainable aviation fuel at Channel Infrastructure’s Marsden Point energy hub.
Tuvalu prioritises climate change in agreement with NZ
Fri 27 Mar 2026
By Liz Kivi | New Zealand has pledged an additional $20 million to climate resilience work in Tuvalu, more than doubling Aotearoa's aid to the tiny island nation in the current financial year.
US cannot meet Iran war-induced LNG shortfall: industry leaders
Fri 27 Mar 2026
Business leaders are warning that the United States lacks the infrastructure to alleviate a global LNG shortage caused by the US-Israel war on Iran, which has kept a fifth of the world's energy supplies from leaving the Gulf.
NSW to ban new coalmines in major shake-up for $23bn industry
23 Mar 2026
A major shake-up is on the way for one Australian state’s single biggest export, which powers homes here and abroad.
Hormuz crisis critical to New Zealand
10 Mar 2026
By Nathan Surendran | COMMENT: Why the Hormuz crisis is a symptom, not the disease – and what it means for New Zealand.
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.
Opposition attacks Govt over fossil fuel phaseout backdown
2 Feb 2026
By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.
Carbon price: Ups and downs amid geopolitical uncertainty
Thu 26 Mar 2026
By Liz Kivi | After ups and downs in recent weeks, the carbon market again broke above the $40 mark this week, with questions around how the Middle East conflict will play out weighing on market confidence.
WWF boss joins Opportunity Party with centrist climate pitch
Thu 26 Mar 2026
By Shannon Morris-Williams | The Opportunity Party has unveiled its first slate of candidates ahead of November's election, including World Wildlife Fund Aotearoa chief executive Kayla Kingdon-Bebb, as the party positions itself as a 'centrist environmental force' ahead of the election.
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.
Gisborne $29.7m recovery funding bid awaits Government decision
Fri 27 Mar 2026
By Zita Campbell, Local Democracy Reporter | Gisborne leaders are awaiting the Government’s response to a $29.7 million funding bid for a joint agency/iwi-led recovery plan after January’s severe weather event.
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.
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.
LNG sold as insurance, but modelling points to a bigger role
19 Mar 2026
New Zealand’s gas market is heading for a sharp contraction whether the country sticks with domestic supply alone or introduces liquefied natural gas imports.
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.”
Gaps in adaptation taxonomies hinder climate finance in Asia: report
5 Mar 2026
Without clearer criteria and metrics in adaptation taxonomies, Asia risks widening its climate financing gap, warns a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Top scientist speaks out against Trump regime’s attack on premier research centre
23 Mar 2026
By Liz Kivi | Kevin Trenberth, one of the world’s leading climate scientists, now based in New Zealand, has told the Trump administration he is “appalled” at its attempt to break up the international research centre he has been associated with for nearly 50 years.
Five trees can’t offset a car: Lawyers accuse Mazda of greenwashing
9 Mar 2026
By Shannon Morris-Williams | Lawyers for Climate Action NZ is taking Mazda to the Advertising Standards Authority over its claims that a tree-planting programme will offset vehicle emissions.
Govt missing opportunity to slash electricity prices, says expert
11 Feb 2026
By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.
NZ prepares to join ‘gold rush’ for white hydrogen
Wed 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.
Govt process to change climate plan ‘fundamentally flawed’, says judge
18 Mar 2026
By Pattrick Smellie | The government’s 2024 changes to New Zealand’s first Emissions Reduction Plan was “as fundamentally flawed a process as I think I have ever seen”, the judge presiding in a case challenging climate change decision-making has said.
Cleantech expo coming to Auckland
Thu 26 Mar 2026
New Zealand’s first national cleantech expo is set to bring together 30 innovators, in what organisers say is the country’s fastest growing area in the tech sector.
Activists occupy controversial gold drilling site
Wed 25 Mar 2026
By Max Frethey, Local Democracy Reporter | Opposition in Golden Bay to a controversial gold mine at Sams Creek has flared up over the weekend after several activists briefly occupied a drilling site.
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.
Worst in a generation: Environmentalists slam fisheries reform bill
Wed 25 Mar 2026
Media release: Greenpeace | The Fisheries Amendment Bill, which will likely have its first reading in parliament this week, is being labelled the worst fisheries policy in a generation by environmental groups who are calling for it to be rejected to protect ocean health.
Close questioning over ‘ministerial latitude’ at climate hearing
17 Mar 2026
By Pattrick Smellie | Lawyers challenging the legality of the government’s emissions reduction plans faced close questioning on the limits of ministerial foresight in the first of three days of hearings at the Wellington High Court yesterday.
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?
Govt’s relief package risks entrenching fossil fuel dependence, critics warn
Wed 25 Mar 2026
By Shannon Morris-Williams | The Government’s $373 million fuel relief package is facing criticism for propping up petrol use rather than reducing demand, as prices surge and some experts predict fuel shortages due to conflict in the Middle East.
Media round-up
20 Feb 2026
In our round-up of climate coverage in local media: 'Every tonne matters': The climate scientist who wants to give you hope; Minister says managed retreat is an option; and climate change is here – is New Zealand ready?
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.
Solar is Southeast Asia’s cheapest buffer against future shocks
Thu 26 Mar 2026
Southeast Asian countries’ planned expansion of gas power could increase the cost of generating electricity to $109 billion by 2030 based on future price projections — more than double the cost of generating the same amount of electricity with solar.
World-leading plasma torch takes aim at NZ's most potent greenhouse gases
Tue 24 Mar 2026
Media release | A high-tech plasma torch was lit up today as Minister of Conservation, Hon Tama Potaka, officially opened the $10 million National Refrigerant Destruction Facility – signalling a new era in addressing the environmental impact of New Zealand’s most potent greenhouse gases.
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.
Why the Iran war may have just killed the AI boom
Thu 26 Mar 2026
The $1.5 trillion in committed AI infrastructure spending by major tech companies is built on an assumption of a functional global supply chain, which the Iran conflict has fundamentally broken.
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.
Govt's $50m EV charging boost to double network
23 Mar 2026
By Shannon Morris-Williams | More than 2,500 new EV chargers are set to be rolled out across New Zealand, more than doubling the public network – but still leaving the total at less than half the Government's 10,000 target.
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.
Global coastal sea-level risks may be underestimated, say scientists
5 Mar 2026
By Shannon Morris-Williams | Coastal communities across the Pacific and Southeast Asia could be facing greater sea-level rise risks than previously estimated, researchers say.
AI tool predicts wildfire danger faster than current systems
Thu 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.
Western Australian communities want mandatory payments from new renewable developments
6 Mar 2026
The West Australian government wants to make new wind and solar farms pay into community funds, but host towns say more work needs to be done to make sure the payments actually happen.
