Topics tagged with 'Carbon prices'
Reduce the ETS ‘stockpile’ - Climate Commission sends strong message to govt
12 Mar 2024
The Climate Change Commission is recommending that the government significantly reduces the amount of ‘pollution permits’ it auctions under the Emissions Trading Scheme, and is warning that policy settings are undermining the ETS.
Govt changes ETS reserve price methodology ahead of auction
11 Mar 2024
The government has announced it has changed the methodology used to calculate the confidential reserve price for Emissions Trading Scheme auctions, as the NZU price gains ground in recent days.
Govt still committed to 'no significant changes' to ETS
7 Mar 2024
Despite warnings from the Climate Change Commission, Climate Change minister Simon Watts says the government remains committed to no significant changes to the Emissions Trading Scheme.
Foresters welcome ETS costs review
1 Mar 2024
The New Zealand Forest Owners Association says the review of Emissions Trading Scheme fees is a relief for foresters facing excessive costs, but experts say forestry still faces an uncertain future under the scheme.
Contact on electricity and carbon prices
26 Feb 2024
Contact Energy said it is inevitable that retail electricity prices will have to rise in line with long term wholesale prices and is also predicting that carbon prices will rise as well.
Carbon price dips closer to auction floor
23 Feb 2024
By Liz Kivi | The carbon price has dipped closer to the auction floor, with an increase in selling blamed on an overall weakness in the market.
Carbon price drops below $70 with March auction just a month away
21 Feb 2024
NZUs sank into the sixties on the secondary market at the end of last week, with speculation surrounding whether the government will adjust the confidential reserve price to raise revenue at next month’s auction.
Carbon price trending upwards
1 Feb 2024
The carbon price is up more than $5 on the secondary market since the start of last week, making a jump of nearly 9%.
Govt releases submissions on canned ETS review
22 Dec 2023
The government has released submissions on the controversial review of the Emissions Trading Scheme, started by the previous government but canned by new Climate Change minister Simon Watts.
Relying on the invisible hand of the carbon market to reduce emissions
19 Dec 2023
By Jeremy Rose | The new government is in the process of incinerating every climate change mitigation policy other than the Emissions Trading Scheme.
Govt must address climate crisis: Lawyers
14 Dec 2023
Activist lawyers have put the new government on notice that they could be facing legal repercussions if they fail to take adequate action to meet the country’s climate targets.
Carbon price down following declined auction
7 Dec 2023
The carbon price is down following yesterday’s failed auction, which sent 15 million NZUs out of the ETS for good.
Fourth consecutive carbon auction failure sends 15 million carbon units up in smoke
6 Dec 2023
The final ETS carbon auction of the year has failed, taking 15 million tonnes worth of carbon “pollution permits” out of the market - and a potential $1 billion out of the government’s coffers.
Carbon price up ahead of auction next week
1 Dec 2023
The carbon price is up to just under $75 ahead of the Emissions Trade Scheme auction on Wednesday next week.
Massive native reforestation project proposed
29 Nov 2023
By Jeremy Rose | New Zealand could go from being a buyer of offshore carbon credits to an exporter of offsets, according to the promoters of an ambitious plan to reforest and restore 2.1 million hectares of indigenous forests over the next 10 years.
Incoming govt might face $24 billion climate bill
28 Nov 2023
By Liz Kivi | The new government has a major task ahead to deliver on the country’s international obligations for emissions reductions, with implications for international trade if targets aren’t met.
New govt cans ETS review, climate and environment ministers outside cabinet
27 Nov 2023
By Liz Kivi | The new National-led coalition government has dumped the current review of the Emissions Trading Scheme, and appointed climate and environment ministers outside cabinet.
Carbon price steady amidst political uncertainty
16 Nov 2023
The carbon price has pushed through the $70 mark over the last past two months, from a low of $64 in late September to a high last week of $71.25.
ETS participants relying on banked NZUs
16 Nov 2023
NZ ETS participants stockpiling NZUs for future liabilities, uncertainty concerning changes to the regulatory framework, and the looming general election all contributed to ETS auctions failing to clear this year, according to Ministry for the Environment briefing papers released under the OIA.
Aotearoa could make a real impact on cutting greenhouse gas emissions internationally: Thomas Pogge
7 Nov 2023
By Jeremy Rose | The director of Yale University’s Global Justice Program, Thomas Pogge, says for a relatively small investment of, say, US$100 million, New Zealand could make a significant impact on cutting the greenhouse gas emissions of the developing world.
Proposal to include non-forestry land in NDC calculation
25 Oct 2023
By Jeremy Rose | A Cabinet minute from July of this year agreed in principle to include non-forest land in New Zealand’s nationally determined contribution.
Australian carbon price set to double
17 Oct 2023
Analysts say Australia’s carbon price is set to double, with reforms underway affecting industrial greenhouse gas emitters who are responsible for about 28% of the country’s emissions.
Salt CO2 fund continues to acquire its own units
16 Oct 2023
The Salt CO2 fund is continuing to purchase its own units but is undecided how it will dispose of its growing stockpile of treasury stock.
Likely ETS auction failure will eat into stockpile
29 Sep 2023
The likely failure of the final ETS auction of the year in December would result in a significant chunk of the current stockpile evaporating.
CO2 fund gobbling up its own product
28 Sep 2023
Salt Management's Carbon Fund spent more than $1.2 million buying units in its own fund over the last month.
Carbon price hovers around $73
13 Sep 2023
The NZU price is up $2 since early last week, with a price bump both before and after last week’s auction.
Third consecutive ETS auction fails
6 Sep 2023
Today’s ETS auction has been declined because the clearing price did not meet the minimum price settings, with no winning bids as a result - and an increasing likelihood that the December auction will also fail.
Carbon price up ahead of Wednesday auction
4 Sep 2023
The carbon price pushed through the $70 mark at the end of last week, last fixing at $71 on Commtrade on Friday. It has climbed $6 in the past two weeks to its highest point since February - more than double the price just two months ago.
Concerns around NZU reporting
1 Sep 2023
Emissions Trading Scheme participants are calling for better accuracy and transparency in NZU movement reporting, after two reporting glitches have led to serious questions.
National’s climate “dividend” isn’t really a dividend - and could increase emissions
31 Aug 2023
By Liz Kivi | Yesterday the National Party announced a “climate dividend” amid much fanfare as part of its $14.6 billion package of tax cuts.
IMF warns NZ at risk of failing international emissions obligations
29 Aug 2023
The International Monetary Fund says New Zealand must do more to meet its Nationally Determined Contribution (NDC) for 2030, and is off track to meet its international obligations.
Analysts predict carbon price will hit $140 by 2050
25 Aug 2023
Analysts are predicting the spot price of NZUs will rise to $150 by 2050 - a level they say will negatively affect some of New Zealand’s big energy gentailers and encourage behavioural change from carbon polluters.
Will tightening voluntary carbon market regulations combat corporate greenwashing?
24 Aug 2023
Carbon credits are made to be interchangeable, but while some have impressive effects, others have been found to be worthless.
Secondary carbon market “pops” to 5-month high, ETS announcement later today
22 Aug 2023
The NZU price hit a 5-month high late last week, trading as high as $66.50 on Friday - up 10% for the week.
Carbon price fluctuates with potential for more volatility
2 Aug 2023
It’s been a big week for NZUs on the secondary market, with the price rising almost $18 to $65 on Wednesday last week, hovering around $60 for several days, but then dipping below the $60 mark.
Govt U-turn adopting Commission’s advice on ETS auction settings
26 Jul 2023
The government has adopted the Climate Change Commission’s advice on ETS auction settings from December, with a significantly higher floor price, lower auction volumes, and two-tiers of much higher prices for the cost containment reserve.
Carbon price bounces but how high will it go?
26 Jul 2023
Pundits are picking the government’s decision to adopt most of the Climate Change Commission’s ETS recommendations, rejected by Cabinet last year, will result in a sustained increase in the price of carbon. But few expect it to return to the $88.50 high of last November anytime soon.
Govt signals ETS announcement, market “drifting”
25 Jul 2023
The Ministry for the Environment has signalled it will make an announcement about the Emissions Trading Scheme tonight, after the market closes.
Carbon price jumps 30%
19 Jul 2023
The price of NZUs on the secondary market has rebounded since last week’s unexpected revelation that the government would be forced to change Emissions Trading Scheme settings.
Carbon price crashes, “split market” developing
7 Jul 2023
The carbon price dropped to a two-year low this week, and insiders say a split market is developing, with lower prices for forestry-derived NZUs.
Forestry investment at risk, along with climate targets
4 Jul 2023
By Liz Kivi | Foresters may lose their businesses if the carbon price stays low, with contractors already losing their jobs.
NZU spot price drops further
29 Jun 2023
The price of NZUs on the secondary market is in freefall following the government’s consultation announcement on ETS settings and restrictions on permanent forestry.
Carbon price plummets: what does ETS review mean for future prices?
22 Jun 2023
By Liz Kivi | The carbon price on the secondary market has slumped to its lowest point since 2021 in the wake of the government’s ETS announcement, after rallying briefly following last week’s failed Emissions Trading Scheme auction.
What counts as a carbon credit?
20 Jun 2023
A new UN draft report threatens to sideline billions of tons of future carbon removal.
Institutions warm to carbon trading even as questions linger
16 Jun 2023
Singapore's bid to become a carbon trading hub raises questions about the verification and pricing methods involved.
What the EU’s new border tax could mean for carbon markets
16 Jun 2023
The European Union’s new Carbon Border Adjustment Mechanism should incentivize more countries to put a price on carbon, but not the U.S.
ETS auction fails to clear
14 Jun 2023
Today’s ETS auction has been declined because the clearing price did not meet the minimum price settings. As a result, there are no winning bids.
The Transatlantic carbon-pricing clash
14 Jun 2023
Economists have long argued that regulation alone cannot bring about the reduction in global greenhouse-gas emissions that is needed to curb climate change; a carbon price is also essential.
Failure is not an auction
9 Jun 2023
By Nigel Brunel | COMMENT: All eyes will be on the second auction on Wednesday, 14th June, when almost nine million tonnes are up for grabs, including eight million NZUs in the Cost Containment Reserve (CCR). The CCR can only be triggered at $80.64 if all the auction volume is exhausted.
Govt brushes off 'damning' assessment of stalled emissions reductions
Thu 23 Jul 2026
By Liz Kivi | The Government is downplaying the Climate Change Commission’s “damning” report on the country’s stalled emission reductions, while experts say policy changes since the Coalition Government came into power are squarely to blame.
Study outlines methane-cutting options for NZ livestock
Tue 21 Jul 2026
By Shannon Morris-Williams | Breeding, feed and forage strategies could play a key role in reducing methane emissions from New Zealand's grazing livestock, with researchers concluding that a combination of approaches will be needed to achieve meaningful cuts.
$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.
Media round-up
9 Jul 2026
In our round-up of climate coverage in local media: The Government re-wrote fast-track law after mining companies pushed for change; costs from inland flooding are expected to rise by up to 53% by 2075; and is there such a thing as a sustainable tourist?
Select committee report on resource management guts environmental protections
Wed 22 Jul 2026
Media release | Forest & Bird says the Environment Committee report on the biggest overhaul of resource management law in Aotearoa New Zealand in a generation is bad news for nature.
Inaction on shipping decarbonisation could cost NZ up to $94b by 2050, report says
30 Jun 2026
By Oli Lewis | Failing to support and enable the decarbonisation of the shipping industry could result in losses of $17.5 billion to $94.4b to the New Zealand economy by 2050, according to a report from the Aotearoa Circle.
Red Stag boss questions $60m cement support as timber ETS reforms stall
Thu 23 Jul 2026
By Oli Lewis | The Government has granted $60 million to an emissions-intensive industry while dragging its feet on a proposal to allow firms making harvested wood products to earn carbon credits in the Emissions Trading Scheme, an industry leader says.
Global hunger declines across continents but climate, trade risks loom, UN says
Thu 23 Jul 2026
Global hunger declined for a third consecutive year in 2025, with improvements recorded across every continent, although mounting risks from climate shocks and trade disruption could threaten further progress, a United Nations report said.
Coal is back in Australian Super’s portfolio. What happened to that net zero pledge?
13 Jul 2026
In 2020 Australia’s biggest super fund dumped its Whitehaven shares. Fast forward to 2026 and it is now the coalminer’s single biggest investor.
Politicians need to lead on climate: Carr
30 Jun 2026
As the election campaign heats up, former Climate Change Commission chair Rod Carr has a list of actions he's hoping to see from our aspiring leaders, which includes confronting climate denial as well as refusing funds or policy advice from vested interests.
EMA pushes for steady hand on energy and regulation
13 Jul 2026
By Shannon Morris-Williams | The Employers and Manufacturers Association wants the next government to commit to a long-term energy plan and allow faster investment in renewable generation, at the same time as slowing the pace of policy change and providing businesses with greater certainty.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
21 Apr 2026
Hungary has played a disproportionate role in EU climate and energy policy in recent years, by repeatedly vetoing climate action and by delaying the phaseout of Russian fossil-fuel imports.
Experts call on Govt to withdraw ‘repugnant’ legislation to block climate lawsuits
13 Jul 2026
By Liz Kivi | Lawyers and climate policy experts are calling on the Government to withdraw legislation intended to block climate lawsuits, with an adaptation expert arguing that the legislation could worsen the insurance protection gap.
Businesses told to plan ahead as energy risks mount
Thu 23 Jul 2026
By Shannon Morris-Williams | Switching to electricity and improving energy efficiency are becoming increasingly attractive investments in the face of rising costs – and companies can no longer afford a "business as usual" attitude to energy, according to a new report.
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.
West Coast council holds off on climate adaptation plan
Thu 23 Jul 2026
By Vihan Dalal, Local Democracy Reporter | The West Coast Regional Council is holding off on preparing a climate adaptation plan until a proposed law change advances further in Parliament.
Tarakihi on verge of extinction: Stock collapse exposes major fisheries management failings
3 Jul 2026
Media release: Environmental Defence Society | Fisheries NZ is consulting on new sustainability measures for the country’s two tarakihi stocks.
Emissions Trading Scheme ‘stockpile’ shrinking
9 Jul 2026
By Liz Kivi | The “stockpile” of NZUs in private accounts continues to shrink, with the latest Environmental Protection Authority figures showing the number has dropped by 9.5 million since this time last year.
West Africa signs off $25bn mega gas-pipeline plan
Wed 22 Jul 2026
One of Africa's most ambitious energy infrastructure projects has finally been signed off at the highest level, with West African leaders formally endorsing the long-awaited Nigeria-Morocco Atlantic Gas Pipeline.
NZ First’s oil and gas plan ‘doesn’t stack up’ – professor
Tue 21 Jul 2026
By Liz Kivi | NZ First’s plan to invest $1 billion in offshore oil and gas exploration doesn’t make economic sense, says Auckland University emeritus professor and energy economics expert Basil Sharp.
$3m Govt boost for Tauranga geothermal energy
14 Jul 2026
By Liz Kivi | Resources Minister Shane Jones has announced a $3 million grant for the Gas to Geoheat Tauranga Geothermal System Project as part of the Government's plan to double geothermal energy by 2040.
Will new UK PM’s green measures at home cause climate finance pain overseas?
Thu 23 Jul 2026
Andy Burnham will cut bus fares and household electricity tax in a boost for UK climate action – but this will be funded partly by switching international climate finance from grants to loans.
The thriving coral reef that ‘defeated time’ in West Africa
Wed 22 Jul 2026
A 60-year mystery has been solved as researchers discover a coral ecosystem on the Benin-Togo continental shelf that is still teeming with marine life.
‘Master class in greenwash’ as Ottawa unveils CCS deal
Mon 20 Jul 2026
A multi-billion-dollar plan to transport and store greenhouse gas emissions from Canada’s emissions-intensive oil sands has received a major boost, even though the highly-touted deal between Ottawa, Alberta, and the five oil major sands companies will only capture a tiny fraction of the oil sands’ climate pollution.
Lake Onslow pumped hydro consortium secures funding for consent push
26 Jun 2026
By Oli Lewis | The consortium behind Lake Onslow pumped hydro has secured funding to finalise its resource consent application, aiming to lodge it under the fast-track process before 2027.
Ballance secures gas for 2026 as it progresses energy transition plan
16 Jun 2026
By Oli Lewis | One of the largest industrial gas users in New Zealand is working on an energy transition plan to futureproof domestic fertiliser manufacturing, while continuing to secure ongoing gas supply contracts.
Climate change is here and we’re all paying for it
15 Jul 2026
By Raewyn Peart | COMMENT: Another week, another storm. Just days ago, Kaikōura saw two months of rain fall within 48 hours, the most recent in a long line of adverse weather events.
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.
Greenpeace launches legal challenge against US$2.5bn expansion by Premier Beehive parent company JBS
Thu 23 Jul 2026
Media release | Greenpeace Netherlands has petitioned a Dutch court seeking to compel the world’s largest meat company JBS, to disclose information, in order to challenge its business policies in court. This includes its planned US$ 6 billion global expansion, of which almost half is earmarked for Nigeria.
NZ at risk of missing all its climate goals: Commission
Wed 22 Jul 2026
By Liz Kivi | Aotearoa New Zealand’s rate of emissions reduction needs to more than double, with progress stalling since 2024 after the Coalition Government took power, according to the latest report from the Climate Change Commission.
Planetary Facts dashboard aims to make environmental costs visible
15 Jul 2026
By Shannon Morris-Williams | Consumers can now compare the environmental impacts of everyday products with a new online dashboard designed to do for sustainability what nutrition labels have long done for food.
Climate risks could reshape business finances, new guidance warns
15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
UN chief says fossil fuel industry must cut methane for warming “relief”
25 Jun 2026
UN chief António Guterres called for stronger action to cut emissions of planet-heating methane, taking aim at the fossil fuel industry’s practices and profits, and pointing to coal, oil and gas as the root of today’s climate and energy crises.
What’s next for Sams Creek after failed mining bid?
15 Jul 2026
Max Frethey, Local Democracy Reporter | A controversial gold mining application at Sams Creek has been declined, leaving question marks hanging over the future of the land.
‘I can’t work in the farce of climate change cruise tourism anymore’: why Antarctic guides quit their dream jobs
Wed 22 Jul 2026
“You’d see massive glacier calvings, and you’d just want to cry. But all the guests would be cheering. And you’d be like … ‘can you not put two and two together?’”
UK's Burnham to maintain ban on North Sea exploration licences
Tue 21 Jul 2026
Andy Burnham will stick to Labour’s contentious ban on new exploration licences in the North Sea, dashing oil and gas industry hopes for a radical change in government policy towards fossil fuels.
NZ First promises $1 billion for offshore oil and gas
Mon 20 Jul 2026
By Liz Kivi | New Zealand First wants to “drill baby drill,” and has made an election campaign promise of $1 billion to survey New Zealand’s offshore basins to extract oil and gas, in an announcement at the party’s campaign launch on Sunday.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
UN plastics pact talks restart amid fears production curbs will be left out
2 Jul 2026
Diplomats reconvene a year after negotiations collapsed, but campaigners fear the agenda risks burying tricky discussions on key elements.
Business leaders say climate report ‘wake-up call’ for NZ
Thu 23 Jul 2026
By Liz Kivi | CEO-led organisations representing 42% of GDP are calling the Climate Change Commission’s latest report “a significant wake-up call for New Zealand.”
Northern Thai residents march for action on polluted rivers. ‘This is an emergency’
9 Jun 2026
More than 600 residents of Chiang Mai and Chiang Rai provinces embarked May 31 on a roughly 68-kilometer, six-day ‘peace walk’ to demand the Thai government take action on the river pollution crisis that has seen Thai rivers polluted with heavy metals.
Swarbrick slams $50m critical minerals funding as 'Trump's war machine' subsidy
7 Jul 2026
By Shannon Morris-Williams | The Green Party has criticised the Government's investment into two West Coast critical minerals projects, claiming the funding could ultimately support the United States defence industry rather than New Zealand's clean energy transition, while Shane Jones dismissed opponents as "flat earth idiots".
Resource management Bills 'not yet ready to be enacted', says Upton
Wed 22 Jul 2026
By Oli Lewis | The two Bills to replace the Resource Management Act are not ready to be enacted and there is no way of knowing how they will affect the environment, the Parliamentary Commissioner for the Environment says.
China solar exports to South, Southeast Asia and Africa rise despite post-rebate slump
Wed 22 Jul 2026
China's solar exports to Southeast and South Asia as well as Africa rose year-over-year in June, customs data showed on Monday, though overall solar exports slipped for a second month after China removed an export tax rebate.
Fast-track panel backs proposed Haldon Solar Farm
6 Jul 2026
By Shannon Morris-Williams | The proposed Haldon Solar Farm in the Mackenzie Basin has moved to the final stages of the Fast-track Approvals Act process after the Fast-track Panel proposed granting approval for the project.
Pacific coral reefs face mounting climate threat – experts
16 Jul 2026
By Shannon Morris-Williams | Coral reef scientists are warning that climate change is accelerating the decline of reef ecosystems across the Pacific, with rising ocean temperatures, marine heatwaves and sea-level rise threatening both biodiversity and the communities that depend on them.
Green Party takes ‘electric election’ up a notch
Tue 21 Jul 2026
By Liz Kivi | The Green Party is promising to cut power bills and establish a publicly owned company, ‘Kiwipower,’ to deliver affordable renewable energy.
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.
Big tech joins big oil in ruining summer
Mon 20 Jul 2026
The industry has abandoned its climate pledges in favor of fossil fuel-powered AI data centers.
'Shocking' changes to RMA replacement further weakens environmental protections –EDS
Tue 21 Jul 2026
By Shannon Morris-Williams | The select committee's report back on bills to replace the Resource Management Act fails to address the Environmental Defence Society's "massive concerns" with the legislation.
Govt backs hydrogen with national industry summit
9 Jul 2026
By Oli Lewis | The Government is convening a major hydrogen conference to promote awareness and uptake of the alternative fuel.
‘Those blocking climate science are not our friends': Pacific leaders warn at Bonn talks
23 Jun 2026
Pacific nations and civil society groups have united at UN climate talks, pushing back against efforts to weaken agreed language on global temperature limits as negotiations continue behind closed doors.
Next Govt must restart action on plastic pollution
1 Jul 2026
Media release - Zero Waste Aotearoa | Plastic Free July begins with an urgent call to put plastic pollution back on the political agenda. Plastic Free July is a worldwide campaign to reduce plastic waste and eliminate single use plastics.
Greens announce water policy, including nitrogen fertiliser phase-out
7 Jul 2026
By Liz Kivi | The Green Party announced its water policy yesterday, promising to phase out synthetic nitrogen fertiliser, as well as destructive fishing methods, if the party is elected in November.
Trump blames Canada for wildfire smoke affecting US
Tue 21 Jul 2026
A series of Republican “leaders” have started producing angry denunciations of Canada for polluting America’s air with their "thoughtless" fires.
Faster consenting, harder trade-offs
7 Jul 2026
Faster consenting is starting to produce results, but this week's decisions show speed has not removed the harder trade-offs around electricity security, conservation, ecology and climate liability.
