Topics tagged with 'Carbon prices'
... and this is what the country expects to see
4 May 2016
Higher carbon prices and clear government policy are two of the measures needed to get New Zealanders to switch to electric cars, the Royal Society says.
Cut the kindling, Huntly could run on wood
4 May 2016
Converting the Huntly coal-fired power station to run on wood is technically feasible, but expensive.
Make ETS like a market, says our biggest emitter
3 May 2016
New Zealand’s largest emitter of greenhouse gases says that carbon trading needs to be automated and standardised.
Busy Bennett draws up climate to-do list
3 May 2016
Higher carbon prices, scrapping the one-for-two, and a detailed plan to decarbonise the New Zealand economy are on Climate Change Minister Paula Bennett’s to-do list.
Run carbon prices like the dollar, says academic
2 May 2016
Carbon prices should be managed like the Reserve Bank manages the value of the New Zealand dollar, a submission on the Emissions Trading Scheme is recommending.
Bennett stays on course for higher carbon price
26 Apr 2016
Climate Change Minister Paula has again said that carbon prices need to be higher.
ETS ADVICE: Supply more important than price
21 Apr 2016
Any carbon market controls in New Zealand’s Emissions Trading Scheme should be based on supply, not price, says an international business organisation promoting markets to reduce climate change.
Dodgy units aside, we could make money from ETS credits
20 Apr 2016
Accusations that almost all the international units brought into the Emissions Trading Scheme are fraudulent are an exaggeration, says an expert who believes that the scheme could generate a nice international export in carbon credits.
Here's a six-point plan for getting Australia on track
19 Apr 2016
The past two years have been the hottest on record globally, yet Australian climate policy is frozen in the past.
Why carbon price is key to forestry worth billions
15 Apr 2016
Carbon prices will need to hit $35 a tonne by 2017 or forest owners will quit the Emissions Trading Scheme, leaving New Zealand unable to meet its emissions reductions targets, an expert is warning.
China coal use: Here’s how to read the tea leaves
14 Apr 2016
As the largest emitter of carbon dioxide in the world, how much coal China is burning is of global interest.
Could this be a fair dinkum climate policy for Australia?
12 Apr 2016
An Australian think-tank claims to have done the impossible – come up with an effective climate policy that both sides of the political divide can live with.
Major bank sees 2020 Asia-Pacific carbon market
8 Apr 2016
An Asia-Pacific regional carbon market could emerge after 2020, a new report suggests.
Don't do what NZ did, warns ADB
8 Apr 2016
The dramatic undermining of New Zealand’s carbon prices by cheap foreign offsets is being used as a lesson in what not to do when setting up an emissions trading scheme.
CARBON CLIMBS: Price up 23% in four months
7 Apr 2016
Carbon prices continue their long climb out of the doldrums, rising 23 per cent this year alone.
Storing carbon could help to meet climate goals
31 Mar 2016
Australia's agricultural lands help to feed about 60 million people worldwide, and also support tens of thousands of farmers as well as rural communities and industries.
Spot NZUs steady at $11.05
24 Mar 2016
Carbon opened this morning with spot NZUs $10.95 bid and $11.15 offered, after closing $11.05 last night.
Welcome aboard, iwi adviser tells Air New Zealand
18 Mar 2016
Air New Zealand should not be the only company looking to work with iwi to generate carbon offsets, a consultant says.
Carbon creeps up as minister talks ETS changes
17 Mar 2016
Carbon has gone to $11 on the back of Climate Change Minister Paula Bennett’s latest comments on carbon prices.
ETS needs a price floor, says environment watchdog
11 Mar 2016
The Emissions Trading Scheme price cap should stay – but it should be balanced by a price floor, says Environment Commissioner Jan Wright.
Give farmers a reason to join ETS, says academic
11 Mar 2016
Agriculture could do a lot to cut New Zealand’s greenhouse gas emissions if it had an incentive to, a forestry expert says.
How climate denial gained a foothold in the Liberal Party
11 Mar 2016
It seems the Liberal Party is still having trouble letting go of climate denial, judging by the New South Wales branch’s demand that the Turnbull government arrange a series of public debates on climate science.
Customers want clean transport, says KiwiRail
10 Mar 2016
The Emissions Trading Scheme should be strengthened to help to shift freight on to more climate-friendly forms of transport, KiwiRail says.
Foresters laud Landcorp's change of mind
8 Mar 2016
Landcorp’s decision to go forestry instead of dairy on land in the central North Island is a sign that some landowners are starting to question the viability of dairy conversions, the Forest Owners’ Association says.
Scrap carbon subsidies, says our worst emitter
7 Mar 2016
The country’s single largest generator of greenhouse gas emissions says carbon subsidies should be scrapped so the market can to do its work.
Wood processors could get the nod with ETS changes
4 Mar 2016
Wood processors could come into the Emissions Trading Scheme under changes being suggested by the Government.
Greens want probe into future of Huntly
4 Mar 2016
The Green Party is calling for an independent investigation into the best options for replacing coal-burning electricity generation at Huntly with cleaner alternatives.
ETS uncertainty is a worry, says Meridian
26 Feb 2016
Uncertainty over the Emissions Trading Scheme is affecting the way Meridian Energy does business.
Z Energy wishlist: Everybody must be in ETS
25 Feb 2016
Fuel retailer Z Energy wants every sector in the Emissions Trading Scheme, a realistic price on carbon, political stability and an end to carbon subsidies.
Market likes minister's carbon price comment
23 Feb 2016
The market is firming on the back of news that Climate Change Minister Paula Bennett expects carbon prices to rise.
New minister pushes for carbon price rise
22 Feb 2016
Carbon prices must rise, says new Climate Change Minister Paula Bennett.
NZ to promote international markets idea at UN
22 Feb 2016
A push by New Zealand to develop credible international carbon markets will take a step forward when United Nations climate change negotiators meet in May.
Why ETS examination should take the long view
22 Feb 2016
Motu Economic and Public Policy Research Trust senior fellow SUZI KERR answers the key question posed in the Emissions Trading Scheme Review – should the carbon price cap and the one-for-two provisional measures be scrapped?
ETS ... we're hitting the target but missing the point
22 Feb 2016
Ministry for the Environment officials have been blunt about the Emissions Trading Scheme’s impact to date: “Research for this evaluation, and evidence from the interviews, found no sector other than forestry made emissions reductions over the Kyoto Protocol Commitment Period One (2008-12) that were directly caused by NZ ETS obligations.”
Liquidity will return when prices push up again
16 Feb 2016
Spot NZUs closed yesterday at $9.25. OMFinancial reports:
Planting rate drops by a million seedlings
15 Feb 2016
Latest Government figures show that planting rates of exotic forests last year were even lower than they were in 2014, when nurseries destroyed hundreds of thousands of seedlings because foresters weren’t planting.
NZUs continue to flow
12 Feb 2016
Spot NZUs closed last night at $9.27. The market is currently bid/offered at $9.20/$9.40. OMFinancial reports:
Why there's little cost in wiping ETS protections
9 Feb 2016
Scrapping the one-for-two and the $25 carbon price cap is likely to have little impact on the economy.
Carbon questions lie in wait at Waitangi
2 Feb 2016
The Government is likely to face tough questioning at Waitangi this weekend over carbon prices.
Could a levy on air and shipping fuel sink emissions?
2 Feb 2016
Global agreements to aim for “well below” 2deg warming are nice enough, but now it’s time to develop some detailed policies to help us to get there.
Busy day for carbon yesterday
27 Jan 2016
Spot NZUs closed last night at $9.55. OMFinancial reports:
Carbon settled on quiet market
18 Dec 2015
The carbon market was quiet yesterday, with the market settling at $9.22. OMFinancial reports:
NZUs at $9.25
17 Dec 2015
Carbon consolidated yesterday, in what is seen as a pause before we move higher. OMFinancial reports:
NZUs touch $9.30
15 Dec 2015
Carbon continues to surprise to the upside; as tipped yesterday, the $8.95 offer was taken out and the $9.00 level was breached. OMFinancial reports:
Climate progress slowing, says Auckland councillor
Thu 5 Jun 2025
By Shannon Morris-Williams | The devastating cyclone that tore through Tāmaki Makaurau in 2023 left behind more than just broken infrastructure, sparking calls to focus on facts over ideology in the fight against climate change.
Fed Farmers launches campaign against carbon forestry
Today 11:30am
By Liz Kivi | Federated Farmers has launched what they are calling the ‘Save Our Sheep’ campaign, blaming carbon forestry for declining sheep numbers and calling on the government to urgently review the Emissions Trading Scheme.
Greenwashing is rife in Australia, but could its days be numbered?
28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Help sustainable aviation fuels take off or delay targets, airlines warn EU
20 May 2025
Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.
Microplastics found in sand on dozens of NZ beaches
Wed 4 Jun 2025
Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
Govt mulls status quo for ETS auction settings
29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
Global energy investment set to hit record $3.3 trillion in 2025, IEA says
Today 11:30am
A surge in clean energy spending is expected to drive a record $3.3 trillion in global energy investment in 2025, despite economic uncertainty and geopolitical tensions, the International Energy Agency said on Thursday.
Fight over coal mine heats up
30 May 2025
Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Common low-grade clay strengthens low-carbon concrete
Thu 5 Jun 2025
Media release | Engineers at RMIT University have converted low-grade clay into a high-performance cement supplement, opening a potential new market in sustainable construction materials.
Cuts to climate finance put exports in jeopardy: Lawyers
23 May 2025
By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.
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.
Gas supply reducing faster than forecast
Thu 5 Jun 2025
By Liz Kivi | Gas reserves have reduced 27% as of 1 January 2025 compared to last year, according to data released today by the Ministry of Business, Innovation and Employment.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Extreme ocean warming engulfed South-West Pacific in 2024
Today 11:30am
By Shannon Morris-Williams | Unprecedented ocean warming engulfed the South-West Pacific in 2024, with extreme heat and rainfall causing deadly and devastating impacts and sea level rise threatening entire islands.
Oceans Commission must have teeth – minister
14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Biochar's negative emissions tech coming to Fieldays
Today 11:30am
Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.
Vanuatu criticises Australia for extending gas project while making COP31 bid
Wed 4 Jun 2025
Vanuatu’s climate minister has expressed disappointment over Australia’s decision to extend one of the world’s biggest liquefied natural gas projects and said it raises questions over its bid to co-host the COP31 summit with Pacific nations.
Hotter and deeper: how NZ’s plan to drill for ‘supercritical’ geothermal energy holds promise and risk
2 Apr 2025
By David Dempsey, University of Canterbury | New Zealand’s North Island features a number of geothermal systems, several of which are used to generate some 1,000 MegaWatts of electricity. But deeper down there may be even more potential.
Electrification challenge for politicians, regulators
27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
How the little-known ‘dark roof’ lobby may be making US cities hotter
Today 11:30am
As cities heat up, reflective roofs could lower energy bills and help the climate. But dark-roofing manufacturers are waging a quiet campaign to block new rules.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
Methanex closure comes early this year
14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
What happened to the hydrogen economy?
Tue 3 Jun 2025
The hydrogen car that was supposed to carry us into a cleaner future is still not in the driveway. In fact, outside of a few test markets, it’s not in anyone’s driveway.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
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.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
30 May 2025
By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
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.
Govt's RMA overhaul sparks fears for nature and climate
30 May 2025
By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
Thu 5 Jun 2025
By Shannon Morris-Williams | Proposed changes to New Zealand's waste legislation risk undermining public trust in the waste levy scheme, according to Parliamentary Commissioner for the Environment Simon Upton.
Top ocean experts sound the alarm over growing marine crisis due to climate change
Today 11:30am
On the opening day of a global science conference, French fishery scientist Clea Abello presented research showing that marine protected areas could protect commercially valuable fisheries.
Tech alone won’t save us, warns climate expert
Wed 4 Jun 2025
By Shannon Morris-Williams | Technology alone won't be enough to reach net zero emissions, environmental psychologist Lorraine Whitmarsh told the Carbon and Energy Professionals conference in Auckland last week.
New research reveals NZ’s natural resource footprint
29 May 2025
Media release | New research from the office of the Parliamentary Commissioner for the Environment reveals that about 107 million tonnes of natural resources were required to produce the goods and services consumed by New Zealanders in 2019 – approximately 21 tonnes per person on average.
NZ's first chance in 20 years to catch up on waste
30 May 2025
Media release | The government has announced proposals for updating the Waste Minimisation Act and the Litter Act. For the first time in nearly 20 years, Kiwis have a chance to catch up with other countries to reduce our waste and litter.
Dismissals 'massive win' for climate movement
13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
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.
UK’s solar power surges 42% after sunniest spring on record
Today 11:30am
The UK’s solar farms and rooftops generated more electricity than ever before in the first five months of 2025, as the country enjoyed its sunniest spring on record.
Green budget 'ludicrous la-la land' – govt
15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
US: Clean energy project cancellations top $14 Billion so far in 2025
Wed 4 Jun 2025
Businesses have pulled the plug on big projects amid Trump’s retreat on climate action. But plenty remain in the pipeline, awaiting a Congressional decision on tax credits.
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.
“It’s not the car – it’s how we move” – EECA
Tue 3 Jun 2025
By Shannon Morris-Williams| New Zealand’s transport emissions conversation has focused heavily on electric vehicles – but Richard Briggs, group manager, delivery and partnerships at the Energy Efficiency and Conservation Authority, says we’re asking the wrong question.
Europe’s next climate target may already have been agreed in Berlin
28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
Water crisis on the horizon?
26 May 2025
Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.
Tropical forest loss hit new heights in 2024; fire a major driver in Latin America
23 May 2025
Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.
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.
