Topics tagged with 'Carbon prices'
Carbon tariffs are coming. Here’s how the U.S. is preparing
17 Jun 2022
The world’s first carbon border fee was always expected to roil nations that export their emissions through polluting goods. Now it could go further than originally proposed.
ETS auction clears at $76.00
15 Jun 2022
THE second NZ ETS auction of the year cleared at a price of $76 today.
Tomorrow’s carbon auction expected to empty the Cost Containment Reserve
14 Jun 2022
With the spot price of carbon trading more than $6 above the Cost Containment Reserve’s $70 trigger price the remaining 1.306 million NZUs in the CCR are expected to be snapped up at tomorrow’s ETS auction.
I AMs not worth the paper they're written on: Stilglitz
14 Jun 2022
In a new paper, Sir Nicholas Stern, Nobel Laureate Joseph E. Stiglitz and Charlotte Taylor conclude that climate-energy-economy Integrated Assessment Models (IAMs), which are the key tool in producing emission-reduction scenarios, “have very limited value in answering the two critical questions” of the speed and nature of emissions reductions.
Hold applause on carbon tax rebates: Toronto Sun
13 Jun 2022
The good news is Prime Minister Justin Trudeau’s government is about to begin sending out “climate action incentive payments” directly to households in the four provinces where he imposed his carbon tax.
Rebooting China’s carbon credits: What will 2022 bring?
10 Jun 2022
Carbon market players are watching closely to see how China’s version of carbon credits, the China Certified Emission Reductions (CCER) scheme, will be rebooted.
Climate Change Commission backs incentivising farmers to cut emissions
9 Jun 2022
The Climate Change Commission has told the government that financial assistance should be used to encourage farmers to invest in low emission practices.
Canada unveils carbon emissions offset market
9 Jun 2022
Canada unveiled Wednesday a national carbon emissions market to help it meet its climate goals by allowing cities, farmers and others to sell credits for CO2 reductions to heavier polluters.
Carbon pricing on the agenda at Marine Environment Protection Committe this week
7 Jun 2022
This week sees the 78th gathering of the Marine Environment Protection Committee (MEPC) at the International Maritime Organization (IMO), a meeting that is likely to bring shipping closer to a global carbon levy.
China's Carbon Emission Allowance price at $8.76/mtCO2e
31 May 2022
The daily weighted average price of a Carbon Emission Allowance, or CEA, under China's national carbon market was at Yuan 59/mtCO2e (US$8.76/mtCO2e) on May 27, and weekly trade volume totaled 551,351 mtCO2e, according to data from Shanghai Environment and Energy Exchange, or SEEE.
Australia’s first carbon credit ETF excludes NZUs from mix
26 May 2022
Australia’s first carbon credit ETF, announced this week, won't be including NZUs in the mix as its limiting itself to the four most actively traded and largest carbon markets.
No done deal on EU carbon market reform
26 May 2022
Lawmakers in the European Parliament’s environment committee voted on a major overhaul of the EU’s carbon market last week, but it’s a long and possibly bumpy road to EU legislators shaking hands on the final deal.
In Tanzania, carbon offsets preserve forests and a way of life
26 May 2022
Carbon offsets have been criticised for failing to provide carbon savings and ignoring the needs of local communities. But in Tanzania, hunter-gatherer tribes are earning a good return for their carbon credits and protecting their forests from poachers and encroaching agriculture.
Price of NZUs edging higher
25 May 2022
The price of NZUs on the spot market has edged past the $77 mark this week for the first time since the middle of last month.
MEPs raise ambition on EU carbon market reform
18 May 2022
The European Parliament environment committee on Tuesday (17 May) agreed on reform of the European carbon market — including its expansion to buildings and transport.
UK carbon tax on imports could stop firms from outsourcing CO2 emissions as nations tackle climate crisis
18 May 2022
The UK has moved a step closer to imposing a carbon tax on all imports to stop companies from outsourcing their CO2 emissions to foreign countries.
Berlin pushes for a €60 minimum price on EU carbon markets
17 May 2022
Discounting allegations of speculation on the EU carbon market, Berlin is throwing its weight behind a minimum price of €60 per tonne of CO2, saying it will ensure this through national measures if the EU does not take action.
Australian carbon market splits as buyers pay more for “high integrity” units
17 May 2022
Australia’s carbon offset market is showing signs of splitting in two, analysts say, as buyers show they are willing to pay a premium for “higher integrity” offsets.
California $19Bn carbon market not good enough to curb emissions
16 May 2022
California’s carbon market was supposed to be a model for the US, harnessing the power of capitalism to fight climate change in the world’s fifth-biggest economy.
Canada, industry in talks to cement future carbon price hikes
13 May 2022
The Canadian government is in talks with heavy industrial emitters about ways to ensure Ottawa's planned carbon price increases will remain in place even if Prime Minister Justin Trudeau's Liberal government is voted out of power.
Overseas carbon liabilities to be included in Crown accounts in future
12 May 2022
Finance Minister Grant Robertson says Treasury is working on how to include the cost of meeting New Zealand’s Nationally Determined Contribution obligations in the Crown accounts, but it will take time.
Big players snaffle up bulk of NZUs at auction
11 May 2022
The top five successful bidders at the last NZ ETS auction snaffled up 78% of the NZUs on offer.
European carbon prices tumble, failing to scale new highs as gas drops
11 May 2022
There may be no fresh risks of an escalation in the Ukraine war and in the standoff between the EU and Russia regarding its fossil fuels, but recession fears spilled over to the carbon market. The price of a ton of CO2 equivalent within the EU ETS fell more than 5% after challenging recent record highs.
Singapore carbon exchange targets futures trading with German bourse
10 May 2022
A Singapore carbon exchange is teaming up with Germany's main bourse to launch futures trading for carbon offsets as early as this year to meet the growing demand from companies to hedge their risks from greenhouse gas emissions.
Winner of Australian election must fix carbon market: report
5 May 2022
The next federal government has been urged to review the carbon market as experts question the integrity of credits used by companies to balance their books on emissions.
The too-invisible hand of the EU emissions market
28 Apr 2022
When European Union policy-makers envisaged the Emissions Trading System (ETS) in 2003 as their single tool to drive down greenhouse-gas emissions (GHG), it looked like a win-win approach. Industry, non-governmental organisations and public authorities welcomed the directive with its market-based mechanism, putting a price on greenhouse gases, to reduce emissions in a ‘cost-effective’ way.
Now we know the flaws of carbon offsets, it’s time to get real about climate change
26 Apr 2022
Last month former Australian carbon market watchdog Andrew MacIntosh blew the whistle on Australia’s carbon offset market. He described the scheme as a “rort” with up to 80% of carbon offsets “markedly low in integrity”.
Cost of carbon on the rise in South Korea
12 Apr 2022
Soaring carbon costs are adding up for companies in Korea as the government is set to tighten environmental rules.
Milking the EU’s carbon market cash cow for industry
7 Apr 2022
Rather than propose amendments to the EU’s Emissions Trading System that would take the heat off the climate and serve society, European parliamentarians are squabbling over the quantity of freebies to offer polluting industries.
PNG suspends new carbon deals, scrambles to write rules for the schemes
6 Apr 2022
Papua New Guinea’s environment minister has imposed a moratorium on new voluntary carbon credit schemes to give the government time to create a regulatory framework for future and existing deals.
Indonesia delays carbon tax till July to help economic recovery
6 Apr 2022
Indonesia is delaying the roll-out of its carbon tax to July from April, a move that analysts say will help its economic recovery amid surging energy prices and support businesses.
Aussie native tree planting projects can be stopped if 'adverse' to communities"
1 Apr 2022
Australia's Agriculture Minister will have the power to stop new carbon farming projects from next week.
Greens promise to re-introduce a carbon price in Australia
31 Mar 2022
The Australian Greens will push to bring back a price on carbon.
Carbon market for Indonesia
30 Mar 2022
CarbonX, an Indonesian high-impact carbon asset developer, has signed a memorandum of understanding with the world’s first fully digital carbon exchange to develop a carbon marketplace in Indonesia.
Australian carbon traders defend troubled offset market against whistleblower claims
29 Mar 2022
Australia’s biggest carbon traders have sought to defend Australia’s troubled carbon offset regime, following weeks of policy upheaval and claims from one of the scheme’s architects that most of Australia’s government-issued carbon offsets did not represent genuine emissions reductions.
NZ ETS could be a model for the world: Matt Burgess
28 Mar 2022
Last Friday was Matt Burgess’s last day as a senior economist at the NZ Initiative. His final report for the thinktank, Pretence of Necessity, is a strident argument for leaving all of the heavy lifting in reducing New Zealand’s emissions to the ETS.
China's carbon market has a credibility problem: analysts
28 Mar 2022
China’s newly launched national carbon emissions trading system (ETS), the world’s largest, needs to raise its game on fraud prevention by imposing steeper penalties on offending companies to deter cheating, analysts said.
Trudeau government lowballed cost of carbon tax
28 Mar 2022
The reason Parliamentary Budget Officer Yves Giroux says most Canadians paying Prime Minister Justin Trudeau’s carbon tax are worse off financially, as opposed to the Trudeau government which claims most are better off financially, is simple.
Government slashes Tiwai smelter’s carbon allocation
25 Mar 2022
Cabinet has approved a decision to remove part of the New Zealand Aluminium Smelter’s free allocation of carbon credits – costing the owners at least $60 million a year.
Australia’s carbon market is in crisis
25 Mar 2022
Australia’s carbon market is in a state of crisis.
Carbon trading platform launched in Singapore
23 Mar 2022
Climate Impact X (CIX), a global carbon exchange and marketplace, has launched a new, Singapore-based digital carbon credit trading platform called Project Marketplace.
Designer of China carbon market sees expansion delayed
23 Mar 2022
A researcher who helped design China’s national carbon market said it will expand into new sectors later than expected, a setback for a key tool in President Xi Jinping’s drive to cut the world’s biggest source of emissions.
Australian carbon credit companies to cash in on multi-billion-dollar windfall
22 Mar 2022
Australian companies have been gifted a multi-billion-dollar windfall, after being allowed to break long-standing government supply contracts to cash in on a booming market.
ETS auction spurs demand on spotmarket
17 Mar 2022
Buyers were out in force following yesterday’s ETS auction, with the CommTrade and Carbon Match platforms trading in excess of 600,000 NZUs before the close of trade.
ETS auction clears at $70.00
16 Mar 2022
THE first NZ ETS auction of the year cleared at $70.00 today.
EU nations reach agreement on carbon tax
16 Mar 2022
French President Emmanuel Macron has revealed that European Union (EU) member states have reached an agreement on a carbon tax.
China slams firms for falsifying carbon data
16 Mar 2022
China's environment ministry has slammed firms for falsifying carbon data, part of the country's efforts to improve data quality as it prepares to expand its national emissions trading scheme into more industrial sectors.
Australian carbon credit price plunges after policy change
15 Mar 2022
Australian carbon credits rose to record highs of more than $55 a tonne earlier this year, but in the past week the price has come crashing down.
International experts believe carbon price must go up
14 Mar 2022
ALMOST all academic experts recommend higher carbon prices as a way to limit global warming, the first comprehensive global survey on carbon pricing concludes. The researchers behind the survey believe the study with its new insights could inform the debate on climate policies.
Solomon Islands receives first carbon credit as part of conservation work
11 Mar 2022
A tribe in the Solomon Islands has become the first in the country to receive a carbon credit.
‘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
Mon 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
Mon 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
Mon 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
Mon 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.
