Topics tagged with 'Carbon prices'
Scientists, doctors sound warning for farmers
6 Nov 2020
Emissions from food production alone could sink the world’s chances of meeting the Paris Agreement, scientists are warning in research with major implications for New Zealand.
Resolve carbon market dispute to step up ambition, says UK
2 Nov 2020
Countries have a collective responsibility to agree on common rules for a global carbon market, to drive greater climate ambition beyond 2021, says the United Kingdom's lead climate negotiator.
NZX wants 'efficient' links to secondary market
22 Oct 2020
The Government’s new carbon-auctioning site could be connected to platforms in the secondary market.
First deal done under Paris Agreement to offset emissions
22 Oct 2020
Switzerland has struck a carbon offsetting agreement with Peru, in what the two nations say is the first deal of its kind under Article 6 of the Paris agreement.
Election has little impact on carbon markets
20 Oct 2020
Carbon markets have barely reacted to the general election, which returned Labour to power with an absolutely majority and arguably an endorsement of its actions on climate change.
Carbon tariffs for steel, aluminium, on the table
16 Oct 2020
A new Labour Government could bring in carbon tariffs at the border, says Trade Minister David Parker.
National releases its climate policy - at last
15 Oct 2020
Forestry's role under the Emissions Trading Scheme would be reviewed under a National Government and agricultural emissions would not face a carbon price until other countries do the same.
US could adopt carbon tax under a Biden presidency, ex-Fed chair says
9 Oct 2020
Former Federal Reserve Chair Janet Yellen said bipartisan concern over climate change could see the United States adopt a tax on carbon emissions, with the proceeds shared with households, if Democrat Joe Biden is elected president in November.
Ministry mum on who will run carbon auction
7 Oct 2020
New Zealand’s first auction of carbon credits will take place on March 17, but there is no word yet on who will be running it.
The young and Green voters still hot on climate
6 Oct 2020
Climate change remains the country’s biggest issue for young voters, despite the covid-19 pandemic, a new independent political poll shows.
Socialist Cuba wants to go carbon trading
5 Oct 2020
Cuba has suggested it wants to get paid to reduce emissions if a controversial global carbon credit scheme is set up.
Policy could prevent shift to low-emissions tech, says Genesis
1 Oct 2020
The Labour Government’s plan to bring forward its 100 per cent renewable electricity generation target to 2030 is an example of siloed thinking and is likely to be self-defeating, Genesis Energy has told shareholders.
Court considers whether Canada's carbon tax is legal
30 Sep 2020
After two days of hearing arguments for and against the federal government's carbon tax, the Supreme Court of Canada has adjourned without a decision.
High carbon prices threaten NZ's low-carbon drive, say miners
17 Sep 2020
Record-high carbon prices risk driving away the very companies New Zealand needs in its push to decarbonise the economy, the minerals sector says.
MARKEST LATEST: NZUs $35
17 Sep 2020
Spot NZUs opened at $34.90 bid and $35.20 offered on CommTrade this morning after last fixing at $35.
Carbon hits a new high and looks set to go higher
16 Sep 2020
New Zealand carbon prices have broken through the $35 expected to act as a price cap and are being tipped to go higher.
Carbon forests 'buying our way out of sin', says Simpson
14 Sep 2020
Using carbon credits to meet New Zealand’s emissions reduction target is like trying to buy your way out of sin, says National’s climate spokesperson Scott Simpson.
Govt report sees frontline job in biocrude for Marsden
2 Sep 2020
The Marsden Point oil refinery could be used to catapault New Zealand into the age of making low-carbon crude from forest waste.
Prospect of snap election reanimates Canada’s carbon tax battle
26 Aug 2020
Canada’s carbon tax is facing a renewed backlash amid talk of a green recovery to covid-19 and the prospect of a snap election in the autumn.
Paper reveals why Govt went ahead with ETS overhaul
24 Aug 2020
Fifteen days into the first covid-19 lockdown, officials told the Government the new $20 price floor in the Emissions Trading Scheme was critical to protecting taxpayers from what the pandemic could do to carbon prices.
Energy-and-transport plan key to emissions cuts
21 Aug 2020
Business is calling for integrated transport and energy planning to speed the country’s decarbonisation, saying increasing carbon prices can't do the job alone.
EU climate talks enter decisive phase
20 Aug 2020
The European Commission will table proposals next month to raise the EU’s climate target for 2030, amid warnings from Eastern countries to safeguard jobs and growth from the coronavirus fallout.
Where the Redd went wrong
18 Aug 2020
International conservation is known for its pursuit of global, ‘win-win’ solutions that seek to simultaneously address multiple environmental and social issues. But few proposed solutions have offered as much hope, and been so energetically embraced, as REDD+.
Synethic gases net taxpayers $12 million
17 Aug 2020
The Government has collected nearly $12 million in levies for synthetic greenhouse gases imported into the country over the past year.
EU and Swiss carbon markets to link
11 Aug 2020
A planned link-up of the European Union and Swiss carbon markets will be operational from September, the European Commission says, giving companies a broader pool of potential partners with which to trade emissions permits.
Gillard says her carbon price proved climate policy isn't 'too hard'
6 Aug 2020
Former Australian Prime Minister Julia Gillard has warned against a feeling of “received helplessness” that policies to reduce greenhouse gases are “all too hard”, citing the carbon price legislated by her government as proof climate policy “can get done”.
Wood cheaper than electricity for emissions cuts, says Fonterra
5 Aug 2020
Fonterra favours wood over electricity for reducing emissions from its South Island plants.
Farm growth pushes up Canterbury gas emissions
23 Jul 2020
Agricultural intensification is pushing up Canterbury’s greenhouse gas emissions - but it's a different story in most other regions.
Domestic carbon prices continue to climb
23 Jul 2020
Domestic carbon prices hit another record yesterday, with spot NZUs trading at $33.55.
Carbon prices climb to new high
22 Jul 2020
New Zealand carbon prices continue their record run and are set to go higher, if Europe is anything to go by.
Future of Big Industry uncertain, warns minister
13 Jul 2020
The future of the Marsden Point oil refinery, the Glenbrook steel mill and large-scale wood processing are all at risk as New Zealand decarbonises, infrastructure and regional development minister Shane Jones is warning.
Carbon falls on smelter news
10 Jul 2020
Carbon prices have reacted to yesterday’s news that one of the country’s biggest electricity users and emitters of greenhouses gases is shutting up shop.
Carbon climbs to another new high
9 Jul 2020
New Zealand carbon prices are at a new high – but sellers are still not coming to the party.
The end of Tiwai Pt could open huge opportunities for NZ
9 Jul 2020
MEDIA RELEASE - COAL ACTION NETWORK AOTEAROA -The announced closure of Tiwai Point is welcome news for the clean energy future of New Zealand, and presents huge opportunities in areas such as electrifying transport and developing new, high-tech industries, Coal Action Network Aotearoa said today.
Let's feed the people first, say ag leaders
2 Jul 2020
Agricultural industry leaders say they need to feed New Zealanders before the rest of the world.
Pundits predict carbon is going higher
2 Jul 2020
New Zealand carbon prices are at record levels, but how high are they going?
No carbon-zero without new forests
23 Jun 2020
Government suggestions that it will limit forestry conversions to 40,000 hectares a year could prevent the country being carbon-neutral by 2050, forest owners says.
Hands off our footprint, says Fonterra
18 Jun 2020
A report on the global dairy industry hugely overstates Fonterra’s carbon footprint, the New Zealand co-operative says.
Parliament does major job on ETS
17 Jun 2020
Parliament has passed major changes to the Emissions Trading Scheme, bringing agricultural emissions into the scheme and, for the first time, setting a cap on emissions.
EDITORIAL: Into the red
15 Jun 2020
By ADELIA HALLETT | A rapid rise in the price of carbon could leave some of us facing winter without fresh tomatoes. But that’s as it should be.
Coal companies want carbon price slashed
12 Jun 2020
Government decisions that have pushed carbon prices up 28 per cent in eight days of trading must be reversed, says the minerals industry.
Carbon forward units pass $35 price cap
11 Jun 2020
Carbon hit new record prices yesterday, with forward units now more expensive than the unofficial $35 price cap.
Carbon prices stick to the upward trail
10 Jun 2020
Carbon prices are pushing on towards $31 today as the New Zealand market continues a bull run.
Forest owners stay with carbon wait-and-see
8 Jun 2020
Forest owners are adopting a wait-and-see approach to selling units as carbon prices head into record territory.
POLITICS: Caution and confusion rules
5 Jun 2020
By ADELIA HALLETT | This week’s political action has seen carbon prices surging forward again.
Carbon prices continue the good-news climb
4 Jun 2020
Carbon prices jumped another $2 yesterday as the market continued to react to Tuesday’s announcements about the Emissions Trading Scheme.
Prices jump a dollar on fixed-price news
3 Jun 2020
Carbon prices jumped a dollar yesterday on the back of confirmation the fixed-price option will move to $35 this year.
Govt opposed ClimCom in cash-or-credits case
3 Jun 2020
The Government went against the advice of its own Climate Change Commission in allowing companies to continue to pay money instead of surrendering carbon credits to atone for their greenhouse gas emissions.
Effective carbon price-cap will hit $35 this year
2 Jun 2020
The effective price cap on carbon prices in New Zealand will go to $35 this year.
POLITICS: Carbon pricing plans about due
29 May 2020
Whether the Government will go ahead with plans to lift the maximum carbon price this year could become clear next week.
What happens to net zero if the trees don’t survive?
Wed 20 Aug 2025
When climate change undermines the climate plan.
Media round-up
Fri 22 Aug 2025
In our round-up of climate coverage in local media: The climate advice the government didn't want you to see; New Zealand's groundbreaking climate law has become ‘a shell’; and could the Electricity Authority be about to inadvertently increase power prices?
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Why plane turbulence is becoming more frequent - and more severe
6 Aug 2025
As climate change shifts atmospheric conditions, experts warn that air travel could become bumpier: temperature changes and shifting wind patterns in the upper atmosphere are expected to increase the frequency and intensity of severe turbulence.
Bolivia will choose a new president but environmental activists see little hope of progress
Fri 22 Aug 2025
Many Indigenous and environmental leaders doubt the election will bring progress in stopping deforestation, wildfires or pollution in the Amazon.
Media round-up
15 Aug 2025
In our round-up of climate coverage in local media: Australia could be about to leapfrog New Zealand on climate targets; 'strangled' rivers are fighting back; and 10 rangatahi will join Aotearoa New Zealand’s delegation at the United Nations' major climate conference in Brazil.
‘Problems looming’ for Govt's key climate tool
Fri 22 Aug 2025
By Liz Kivi | There are serious unresolved issues for the Emissions Trading Scheme which mean it could become unstable and ineffective at driving emissions reductions, according to the Climate Change Commission.
Record solar growth keeps China’s CO2 falling in first half of 2025
Fri 22 Aug 2025
Clean-energy growth helped China’s carbon dioxide (CO2) emissions fall by 1% year-on-year in the first half of 2025, extending a declining trend that started in March 2024.
Coal mining company continuing with fast-track plans despite costly protest
Fri 22 Aug 2025
By Shannon Morris-Williams | A marathon 23-day coal bucket occupation protesting Bathurst Resources' plan to mine the Denniston Plateau ended on Tuesday, when Climate Liberation Aotearoa activists Rachel Andrews and Tāmati Taptiklis climbed down from the 80-metre high Stockton mine ropeway and were taken into custody.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
What does 'drier' really mean in 'green' homes?
1 Aug 2025
Media release - Waipapa Taumata Rau, University of Auckland | Researchers say green-rating systems could improve clarity and effectiveness by explicitly defining ‘drier’ and using two measures of humidity.
RMA to speed up fossil fuel consents
Mon 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.”
Certainty crucial to emissions cuts – Watts
Wed 20 Aug 2025
By Shannon Morris-Williams | Climate Change Minister Simon Watts says that policy certainty is the Government’s primary lever for unlocking private capital and meeting climate targets, telling a carbon forestry conference that ETS settings are 'locked' through 2030.
Why helping customers electrify is a growth opportunity for energy retailers
Fri 22 Aug 2025
Media release – Cogo | The global shift to a low-carbon economy is transforming the energy market. For energy retailers, this shift brings both pressure and possibility.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
Nearly half of Kiwi in the dark about risks facing their homes
Fri 22 Aug 2025
Media release – Tower | As weather events become more frequent and extreme its important people have information about the risks that could affect their property.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Cyclone Gabrielle’s intense rainfall made landslides inevitable
Wed 20 Aug 2025
Cyclone Gabrielle was one of the most extreme landslide-triggering events ever recorded globally.
Shane Jones on climate change – it’s real, but…
15 Aug 2025
By Pattrick Smellie | New Zealand First deputy leader Shane Jones believes climate change is real, but is uninterested in what is causing it and primarily focused on adapting to it.
A modest geothermal strategy
31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
Governments in Global South get dedicated support to tap into carbon markets
Thu 21 Aug 2025
Media release – VCMI | A new toolkit will help emerging markets and developing economies decide how best to generate and sell carbon credits to access climate finance, accelerate innovation and help close the $1.3 trillion climate finance gap.
How the meat industry uses environmental groups to make beef seem climate-friendly
11 Aug 2025
The meat industry may have enlisted environmental groups to persuade people to “feel better” about eating beef, despite the sector’s ballooning emissions of climate-heating pollution.
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.
Hiringa eyes green methanol plant near Whanganui
29 Jul 2025
By Pattrick Smellie | Green hydrogen pioneer Hiringa Energy is deep in planning to develop an “eight-to-nine figure” methanol plant near Whanganui, using a combination of biomass and hydrogen produced using renewable energy.
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.
Forestry sector could take legal action over ETS changes
14 Aug 2025
By Liz Kivi | The forestry sector is threatening legal action against the Government over changes to legislation intended to limit whole farm-to-forest conversions in the Emissions Trading Scheme.
Forestry the source of all ETS risk, says top economist
15 Aug 2025
By Shannon Morris-Williams | Forestry is the source of all of the risk in New Zealand's Emissions Trading Scheme and it's inevitable that the scheme has to be reformed, according to Parliamentary Commissioner for the Environment chief economist Geoff Simmons.
Govt opts for status quo for ETS auctions
Tue 19 Aug 2025
By Liz Kivi | The government has chosen not to increase auction volumes in the Emissions Trading Scheme, a decision applauded by carbon market insiders and climate campaigners alike, despite it contradicting the Climate Change Commission’s advice.
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.
Oil states accused of using scare tactics in bid to sink green shipping deal
12 Aug 2025
Saudi Arabia, Iran and other oil-reliant countries are campaigning to stop the adoption of the IMO’s Net-zero Framework in October.
Brazil issues last-ditch plea for countries to submit climate plans ahead of COP30
Wed 20 Aug 2025
Only 28 countries have submitted carbon-cutting proposals to the UN, with some of the biggest emitters yet to produce plans.
Backlash over govt conservation changes
4 Aug 2025
By Shannon Morris-Williams | The government’s proposed changes to the Conservation Act are the most significant roll back in conservation protections in a generation, according to the Green Party.
Failed plastic treaty 'significant disappointment'
Mon 18 Aug 2025
The failure of negotiations on a legally-binding global plastics treaty is a "significant disappointment," but no treaty is still better than a weak one, according to a New Zealand expert.
Strong NZ representation in upcoming global climate report
Thu 21 Aug 2025
By Shannon Morris-Williams and Liz Kivi | Eighteen New Zealanders are among more than 600 experts appointed by the IPCC for its next painstaking scientific deep dive into the drivers of climate change, its impacts and future risks, and how adaptation and mitigation can reduce those risks.
Activists facing intimidation tactics at Bathurst mine
Tue 19 Aug 2025
By Shannon Morris-Williams | Climate Liberation Aotearoa activists suspended 80m high in a coal bucket at a the Stockton mine on the West Coast say coal mining company Bathurst Resources is using ‘hostile’ tactics to try and remove them.
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.
The US Department of Agriculture bans support for renewables, a lifeline for farmers
Thu 21 Aug 2025
The agency said it’s concerned that farmland is being consumed by wind and solar facilities – which occupy a tiny fraction of the country’s productive acres.
Will reflective roofs help beat the heat?
15 Aug 2025
Media release - University of Auckland | About 500 roofs across four continents have been painted with a reflective coating, as part of research into tackling the health impacts of climate change.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Carbon price underperforming: Environment secretary
13 Aug 2025
By Liz Kivi | The government has been focussed on reducing the Emissions Trading Scheme ‘stockpile’ and carbon prices should rise soon, according to the Secretary for the Environment.
Last minute change to oil and gas legislation over cleanup costs
31 Jul 2025
By Liz Kivi | The government is expected to repeal the oil and gas ban today, with a last-minute amendment handing discretionary power to two ministers over the controversial issue of decommissioning.
African $60 billion high-speed rail project takes shape
15 Aug 2025
One of the largest infrastructure projects in Africa has received a new update that could see construction begin soon.
'Yet another rate': Franz Josef ratepayers balk at $2.8m stopbank extension
4 Aug 2025
By Lois Williams, Local Democracy Reporter | Franz Josef ratepayers have given the thumbs down to plans for a $2.8 million stopbank extension to protect the town’s sewerage plant from the Waiho River.
Warmer end to winter but dry spell expected over southern lakes
5 Aug 2025
As hydro lake levels hover just below average levels, climate forecasts indicate that warmer than usual weather conditions will reduce demand, but there will likely be less rain over the southern hydro lakes as New Zealand moves towards spring and summer.
Record UK wildfires have burned an area twice the size of Glasgow in 2025
12 Aug 2025
Wildfires have scorched more than 40,000 hectares of land so far this year across the UK – an area more than twice the size of the Scottish city of Glasgow.
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.
