Topics tagged with 'Carbon prices'
How a carbon price could gut animal agriculture without taxing farmers
19 Nov 2021
Even a very modest carbon price would offer most farmers and ranchers more revenue than they make raising animals for slaughter, according to the scientist who founded Impossible Foods.
EU carbon prices hit record high
16 Nov 2021
EU CO2 prices hit a record Eur66/mt on Nov. 15, the first trading day after the UN Climate Change Conference and amid rising fuel prices driven by a cold weather forecast and gas supply fears resurfacing.
Half-baked carbon market rules fail to take heat off the climate: Carbon Market Watch
15 Nov 2021
After over five years of dithering and two weeks of intensive negotiations, the world’s governments settled on slimmed-down ground rules for carbon markets under the Paris Agreement’s Article 6.
Current carbon market a problem: Mark Carney
4 Nov 2021
The current voluntary carbon offset market is "part of the problem", former governor of the Bank of England and UN Special Envoy on Climate Action and Finance Mark Carney said today at the UN Cop 26 climate summit.
Create global price for carbon: WTO boss
20 Oct 2021
The director general of the World Trade Organisation has said that it should work together with other international bodies to develop a global price for carbon.
How trading CO2 could save the climate or not: BBC
20 Oct 2021
For its proponents, a global carbon market could significantly reduce the world's carbon emissions. But its critics say that giving polluters the option to pay for their emissions is not the answer to climate change.
Biden administration considers carbon tax
19 Oct 2021
A US Democrat’s decision to oppose a key policy in Joe Biden’s climate plan could lead to a carbon tax on emissions-intensive industries and threaten Australian exports.
The carbon offset market could be worth $200 billion by 2050. But what is it?
19 Oct 2021
Companies and people who want to cancel out the impact of their emissions on the climate often turn to something called carbon offsetting.
Two players bought nearly 60% of NZUs on offer at last ETS auction
8 Oct 2021
Two of the 77 participants in September’s ETS auction snaffled up a combined 56.8% of the 11.75 million NZUs on offer – which included the 7 million extra units released when the $50 cost containment reserve was breached
Energy prices hike should boost transition: EU climate chief
8 Oct 2021
The European Union’s climate czar said Tuesday the 27-nation bloc should ensure that the most vulnerable people won’t pay the heaviest price of the green transition, and pledged measures guaranteeing equal burden-sharing across society, amid a global surge of energy prices.
Carbon credit blockchain platform launched
5 Oct 2021
In a move that will be seen as ironic by some, a new tool allowing users to buy verified carbon credits on the blockchain has been launched in New Zealand.
Carbon offset market will grow 50 times to meet 2050 net-zero emissions goals: Bank of America
28 Sep 2021
The carbon offset market may grow by as much as 50 times if companies are going to meet their 2050 net zero greenhouse gas emissions goals, according to the Bank of America.
NZU stockpile grows
20 Sep 2021
The NZU stockpile has grown from 134.5 million in March to 138.4 million at the end of June, according to figures just released by the Environmental Protection Authority.
Price of carbon drives new forestry fund
13 Sep 2021
A new fund to finance the planting of pines trees on marginal agricultural land has been launched today.
OECD boss: Carbon pricing should come through us
13 Sep 2021
Efforts to price carbon should be elevated to the international level, the head of the Organization for Economic Cooperation and Development told EU finance ministers on Saturday.
Five things to know about carbon pricing
3 Sep 2021
The IMF's principal environmental fiscal policy expert, Ian Parry, outlines five things you should know about carbon pricing.
NZU price soars despite CCR “safety valve”
2 Sep 2021
If the purpose of the Cost Containment Reserve is to act as “a safety valve” to prevent NZU prices going significantly above the trigger price – it doesn't appear to be working.
Climate Change Minister responds to ETS auction
1 Sep 2021
“The Government is committed to balancing out the additional units released today to ensure there is no overall impact on emissions released into the atmosphere," climate change minister James Shaw said in a statement today.
NZU price crashes through CCR
1 Sep 2021
THE third NZ ETS auction cleared at $53.85 today - the first time the cost containment reserve has been breached.
IMF urges countries to raise carbon price
1 Sep 2021
The International Monetary Fund is urging countries to scale up green investments and set a higher global carbon pricing floor to mitigate the adverse effects of climate change.
Jump in number of non-obligatory players entering ETS
31 Aug 2021
Nearly two thirds of bids in the last ETS auction in June came from entities that didn’t have compliance obligations.
Price of carbon crosses 60 euro for first time
31 Aug 2021
The European benchmark price for carbon allowances on Monday morning climbed above 60 euros per tonne for the first time since the European Union’s carbon market launched in 2005.
Singapore exchange to tighten climate rules
31 Aug 2021
The Singapore Exchange will ask all companies listed on its exchange to disclose climate-related information or explain why they cannot do so.
Experts clash over cost of carbon
25 Aug 2021
An academic debate over a key metric for greenhouse gases is heating up, just as a high-profile courtroom battle is scheduled to begin.
China’s new carbon trading market isn’t working
24 Aug 2021
The price of emissions credits in China’s carbon trading market reached a record low on Aug. 20, the latest sign that the market’s structural flaws are preventing it from working as an effective weapon against climate change.
Carbon dividends: a win-win for people and climate
24 Aug 2021
Putting a price on emissions and sending the proceeds to the public is a sound environmental and economic strategy, writes James K. Boyce in the Scientific American.
NZU price jumps on announced increase in CCR trigger price
23 Aug 2021
The price of NZUs broke through the $50 mark today for the first time on news that the government is increasing the Cost Containment Reserve trigger price to $70 next year.
Carbon making good returns on the NZX
18 Aug 2021
New Zealand’s only carbon fund has more than trebled in size since the beginning of the year and is now worth close to $35 million.
Rise of the 'carbon capitalist'
18 Aug 2021
Matthew Roling, an adjunct professor of finance at Wayne State University, argues that carbon markets will become 'the largest commodity markets in history.'
NZUs set to cross the Rubicon
13 Aug 2021
The price of NZUs have been edging closer and closer to the $50 mark this week, with the spot price on both the Commtrade and Carbon Match secondary markets reaching $49.80 this morning.
Could winter tomatoes and capsicums be facing carbon extinction?
9 Aug 2021
The production director of one of New Zealand’s largest capsicum producers says the hike in the cost of carbon is a contributing factor in the decision by an increasing number of growers to quit the industry.
Carbon accounting's dirty secret
5 Aug 2021
There’s a dirty secret of carbon accounting, and it could soon be exposed. That’s because the assumptions most companies base their calculations on could be wrong.
Feebate could see ETS cap reduce: Shaw
1 Jul 2021
Minister for Climate Change James Shaw says policies like the feebate scheme will allow the government to reduce the ETS cap quicker than would otherwise be the case.
NZU price keeps climbing
25 Jun 2021
NZUs are trading at all-time highs of more than $43 on both CommTrade and Carbon Match today
New forward carbon product launched
18 Jun 2021
Media Release - emsTradepoint Ltd (a subsidiary of Transpower) has today launched a new quarterly forward product for carbon.
Pacific Island bid for carbon price on shipping fails to gain support
17 Jun 2021
Pacific island nations made the case for a carbon price to tackle shipping’s climate impact at the UN body responsible for seaborne transport yesterday, but found only tepid support.
10 YEARS AGO...
15 Jun 2021
Ten years ago, the international carbon market was stalled at around $US142 billion.
How should that $3 billion in ETS revenues be spent?
27 May 2021
Paying farmers to reduce their stocks, electrifying the main trunk line, and subsidies to zero-carbon housing, are some of the ideas suggested by experts for how the Government should spend the estimated $3 billion dollars raised over the next five years from the ETS auctions.
Acting now pays dividends in the future
26 May 2021
Transforming the economy now rather than protecting key wealth generating sectors from the full effect of international carbon prices will see the economy grow more in the long run, updated economic modelling shows.
Singapore to launch global carbon exchange
24 May 2021
A new Singapore-based global exchange for high-quality carbon credits will be launched by the end of the year.
10 YEARS AGO...
8 Apr 2021
Ten years ago, the Government issued more than nine million carbon credits to the owners of post-1989 forests.
Call for finance sector regulation
7 Apr 2021
New regulations requiring the financial sector to disclose the greenhouse gas emission of their investment portfolios are needed, the Sustainable Business Network says in its submission to the Climate Change Commission.
10 YEARS AGO...
7 Apr 2021
Ten years ago British electricity generators were facing a minimum carbon price of 16 quid a tonne - more than twice being paid by those in NZ at the time.
NZ Initiative: leave it to the ETS
6 Apr 2021
An NZU price of $50 is all that’s needed to deliver net-zero emissions by 2050, according to the NZ Initiative.
Carbon price is coming, one way or another
1 Apr 2021
Australia is about to get a carbon price, one way or another. Unfortunately, the process is shaping up to be much more economically damaging than it could have been, says Sydney Morning Herald senior economics writer Jessica Irvine.
Reserve Bank calls for Govt lead on green bonds
30 Mar 2021
Government intervention is likely to be needed to encourage greater investment in green bonds, the Reserve Bank says.
Carbon markets prove resilient to the coronavirus pandemic
25 Mar 2021
After the 2008 global financial crisis, the price of pollution permits on the European Union emissions trading system plummeted, hitting confidence in carbon markets as a lever for climate action.
Why we need a carbon club
25 Mar 2021
If the three biggest economies - China, the United States and the European Union - agree a carbon tax on imports, it will catalyse climate action globally, a new paper says.
SHAW: No point ignoring ClimCom's views on prices
22 Mar 2021
Climate Minister James Shaw appears likely to back any recommendation from the Climate Change Commission to increase price controls in Government auctions of carbon credits.
EV subsidy plan causes division
19 Mar 2021
Toyota New Zealand will continue to push for financial incentives for those buying electric vehicles when it responds to the ClimCom draft report.
How flying can be a climate solution
Mon 16 Jun 2025
By Paul Callister and Robert McLachlan - Planetary Ecology | How can aviation contribute to tackling climate change when no practicable technology-based solutions are on the horizon?
Forestry consents and relaxed rules in erosion zones sow seeds of future disaster
Fri 13 Jun 2025
OPINION: The government’s move to restrict exotic forestry on our best food-growing soils will push even more forestry investment onto high erosion risk land on the East Coast, with the worst land becoming the only land left for the most intensive and destructive land use, writes Manu Caddie
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.
'Time is right' for nature credits
Fri 13 Jun 2025
Media release | Sanctuary Mountain Maungatautari and Ekos are thrilled to be partnering with central government on the development of a voluntary Nature Credits Market pilot programme, announced by Associate Minister for the Environment Andrew Hoggard yesterday.
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.
Carbon auction odds-on to fail
Fri 13 Jun 2025
By Liz Kivi | The carbon price has rallied slightly in recent weeks, however with secondary market prices still hovering around the $57 mark, well below this year’s $68 auction floor price, next week’s Emissions Trading Scheme auction looks set to fail.
World leaders’ failure to act is pushing Earth past 1.5°C
Mon 16 Jun 2025
Based on mounting evidence, some scientists now fear we’ve entered a new era of the climate emergency, characterized by accelerated warming and amplified disasters.
China's approvals of coal power plants grow after 2024 decline
Wed 11 Jun 2025
China approved 11.29 gigawatts of new coal power plants in the first three months of 2025, already exceeding the 10.34 GW approved in the first half of 2024.
A credible UN carbon market needs rules that count – we’ve just set them
Wed 11 Jun 2025
COMMENT: The broad standards for a more ambitious market are now in place. But without a steady flow of investment, this progress will remain largely on paper.
Common low-grade clay strengthens low-carbon concrete
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.
Legal experts sue Climate minister over ‘glaring holes’ in climate plan
Wed 11 Jun 2025
By Liz Kivi | Legal experts are taking the government to court over its Emissions Reduction Plan, alleging it fails to fulfil basic requirements of the law – with one of the arguments focussing on an over-reliance on tree-planting.
Electric firebricks: decarbonising high-temperature industrial heat
Fri 13 Jun 2025
By Ian Mason | A new technology could offer a more cost-effective solution than hydrogen to decarbonise one ‘hard-to-abate’ sector of New Zealand’s economy, as well as having ample potential for demand response as the electricity grid becomes more renewable.
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
6 Jun 2025
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.
Government undermines regional powers to protect coastal biodiversity
Mon 16 Jun 2025
Media Release | The Environmental Defence Society opposes the Government’s decision to press ahead with amendments to the Resource Management Act that severely curtail the ability of regional councils to manage the impacts of fishing on coastal marine biodiversity.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
Fri 13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
Labor accused of ‘gaslighting’ Australians on climate crisis as fossil fuel projects keep getting approved
9 Jun 2025
‘They offer sympathy and then just go and approve massive fossil fuel projects anyway,’ one advocate says.
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.
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.
As methane climate impacts soar, NGOs, scientists, and advocates launch campaign to 'pull the methane emergency brake'
Fri 13 Jun 2025
Media release | International NGOs, scientists, and climate advocates are launching a global campaign calling for deep, rapid, mandatory cuts in methane emissions as the best way to lower near-term global temperature rise.
Govt uses climate change as ‘Trojan horse’ for other objectives
10 Jun 2025
By Shannon Morris-Williams | The Waitangi Tribunal has heard that the New Zealand Government’s international trade and investment agreements are failing to meet Tiriti o Waitangi obligations in the context of climate change – prioritising commercial interests while sidelining Māori rights and worldviews.
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?
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.
Tribunal asked to halt seabed mine fast-track
Mon 16 Jun 2025
By Craig Ashworth, Local Democracy Reporter | South Taranaki hapū want the Waitangi Tribunal to halt a fast-track bid to mine the seabed off Pātea.
Foresters baulk at restrictions, land ballots
Wed 11 Jun 2025
By Liz Kivi | Forestry groups say that new legislation will introduce further uncertainty for planting plans and poses a threat to climate targets.
Ocean current ‘collapse’ could trigger ‘profound cooling’ in northern Europe – even with global warming
Fri 13 Jun 2025
A “collapse” of key Atlantic ocean currents would cause winter temperatures to plunge across northern Europe, overriding the warming driven by human activity.
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.
Microplastics found in sand on dozens of NZ beaches
4 Jun 2025
Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.
Legislation introduced to restrict farm-to-forest conversions
10 Jun 2025
Agriculture and Forestry Minister Todd McClay has today introduced a bill to Parliament that he says will put a stop to large-scale farm-to-forestry conversions.
Israel deports activist Greta Thunberg after military seized Gaza Freedom Flotilla ship
Thu 12 Jun 2025
Israel deported activist Greta Thunberg on Tuesday, the country's Foreign Ministry said, a day after the Gaza-bound ship she was on with 11 other people was seized by the Israeli military.
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.
Could Queenstown become the world’s most electric city?
Wed 11 Jun 2025
By Shannon Morris-Williams | Queenstown is set to become the focus of an ambitious initiative aiming to transform it into the world’s most electrified destination.
Climate progress slowing, says Auckland councillor
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.
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".
Biochar's negative emissions tech coming to Fieldays
6 Jun 2025
Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.
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
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.
Rapid action vital following UN Ocean Conference – experts
Thu 12 Jun 2025
New Zealand-based experts are calling for rapid and transformative action to restore nature - and our relationship with it - at the third UN Ocean Conference in France this week.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
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.
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.
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.
