Topics tagged with 'Emissions trading'
CARBON PRICE: NZUs $57.33
Today 11:30am
The Carbon News NZU Index closed at $57.33 yesterday, up 17 cents on the previous day's close.
NZ voluntary carbon market’s sad state
Mon 14 Jul 2025
By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.
Bearish sentiment lingers for carbon market
Fri 11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
Carbon price grinds higher - where to from now?
30 Jun 2025
By Liz Kivi | The carbon price has continued to grind slowly higher since this month’s failed auction, with prices at their highest since March, although still languishing well below this year’s auction floor price.
Could an unexplained carbon forest sink solve govt’s billion-dollar climate woes?
23 Jun 2025
By Liz Kivi | A groundbreaking study shows that New Zealand’s native forests are absorbing far more carbon dioxide than previously thought.
Carbon auction fails again
18 Jun 2025
By Liz Kivi | As predicted, today’s carbon auction failed to attract any bidders, with the secondary market languishing at nearly 20% below the minimum auction price.
Biodiversity market needs govt regulation to avoid fraud risk
17 Jun 2025
By Liz Kivi | Participants have applauded the government’s pilot programme for New Zealand’s voluntary biodiversity market, but an expert says the emerging market needs better regulation to avoid reputational risk and fraud.
Carbon auction odds-on to fail
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.
Forestry consents and relaxed rules in erosion zones sow seeds of future disaster
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
Legal experts sue Climate minister over ‘glaring holes’ in climate plan
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.
Govt mulls status quo for ETS auction settings
29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
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.
EU countries agree to exempt most firms from carbon border tariff
28 May 2025
European Union countries backed plans on Tuesday to scale back the bloc's carbon border levy to cover just 10% of the companies currently covered by the scheme, on the grounds that these firms account for nearly all of the emissions involved.
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?
Govt announces changes to ETS market governance
27 May 2025
By Liz Kivi | The government is making changes to strengthen market governance of the Emissions Trading Scheme, climate change minister Simon Watts announced this morning.
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.
Govt puts off reviewing carbon subsidies
22 May 2025
By Shannon Williams | The government is no longer considering changes to phase-out rates for millions of dollars worth of carbon subsidies to industrial polluters under the Emissions Trading Scheme.
Forecast points to a significant drop in NZU stockpile in 2026
21 May 2025
By Clive Bradbury | ANALYSIS: The Crown’s latest forecasts of supply and demand suggest we could see a significant drop in the NZU stockpile in 2026, with uncertainty around forestry playing a large part in the equation.
Carbon price too low to fund carbon capture
20 May 2025
The government’s climate target to 2030 is at risk, after revelations that a carbon capture project which the government was relying on to deliver one third of its carbon reductions, might not go ahead.
Transpower will keep gas and carbon trading platform
19 May 2025
Transpower will continue to own and operate its gas and carbon trading platform emsTradepoint for the foreseeable future, it announced this morning.
Key rules agreed for credible climate project crediting under UN carbon market
19 May 2025
Media release | A UN Body responsible for setting up a carbon market under the Paris Agreement adopted important new standards to guide how emission-reducing projects measure their impact.
Carbon price up but June auction still tipped to fail
15 May 2025
The carbon price has recovered somewhat as forestry selling eases, however NZUs are still changing hands on the secondary market at well below the $68 auction floor.
Greens promise to rapidly reduce emissions in new Green Budget
14 May 2025
By Shannon Williams | The Green Party has unveiled its alternative Green Budget, promising bold investments to tackle the climate crisis and deliver cleaner air, water, and soil.
Govt needs to get moving to deliver international climate target says commission
12 May 2025
By Liz Kivi | The Climate Change Commission is warning that “time is running short” for the government to deliver on its international climate target.
Farming lobby attacks ‘loopholes’ in carbon forestry limits
7 May 2025
Beef + Lamb New Zealand is urging the government to close what it says are loopholes in new guidance around limits on carbon forestry.
Cookstove carbon credits: Recipe for cooking the climate books
6 May 2025
Media release | A new report reveals that cookstove carbon projects eligible for the Korean Emissions Trading Scheme are at risk of issuing 18 times more credits than they should, echoing past EU carbon market mistakes.
Air New Zealand announces less ambitious emissions ‘guidance’
2 May 2025
Air New Zealand has published its first “emissions guidance,” saying it expects to reduce net “well-to-wake” greenhouse gas emissions from jet fuel by 20-25% by 2030, from a 2019 baseline.
Govt on track to ban farm-to-forest conversions - McClay
2 May 2025
Agriculture and Forestry Minister Todd McClay has confirmed that restrictions on full farm-to-forest conversions on LUC 1-6 farmland will be in place this year.
New VCMI guidance risks justifying carbon offsetting and delaying real corporate climate action, NGOs say
1 May 2025
Media realease | In new guidance, the Voluntary Carbon Markets Integrity Initiative (VCMI) is promoting the use of carbon credits to camouflage the fact that companies grappling with their indirect (scope 3) emissions are off track to reach their commitments. But carbon credits must not replace direct emissions reductions, NGOs warn.
Experts question Climate Commission’s advice
30 Apr 2025
The Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings is lacking important information, and fails to take into account the commission’s own advice to update the country’s climate targets, says an expert.
Carbon price slumps for fourth week in a row
29 Apr 2025
Carbon prices on the secondary market dropped for the fourth consecutive week last week, with NZUs changing hands at $20 below this year’s auction floor price of $68.
Carbon pricing for shipping: 'significant' impact for NZ exporters
28 Apr 2025
New Zealand exporters could see changes to their shipping costs following the approval of a landmark net-zero framework for the international shipping industry.
Commission’s plan to increase ETS auction units could lead to lower prices
24 Apr 2025
Experts are criticising the Climate Change Commission’s proposal to increase the amount of carbon units available at auction, while the market is still plagued by low prices and seems oversupplied.
Govt can auction more carbon credits: Commission’s advice
23 Apr 2025
The Climate Change Commission says that ‘surplus’ pollution permits in the market have dropped more quickly than expected, so the government could auction 14 million additional NZUs to 2030.
Moribund carbon price underlines Emissions Trading Scheme’s low integrity
22 Apr 2025
By Liz Kivi | Experts are blaming declining carbon prices on weak policy settings and the government’s unwillingness to tackle continuing problems with the Emissions Trading Scheme.
Carbon price nosedives
16 Apr 2025
The carbon price graph dropped off a cliff yesterday, down 6% overnight to a ten-month low amidst continued selling from forest owners.
NZ's emissions fell 2% in 2023 - latest GHG inventory
15 Apr 2025
Aotearoa New Zealand’s gross greenhouse gas emissions reduced by 2% in 2023, according to the latest greenhouse gas inventory.
ETS surplus volume likely to be reducing too slowly - new analysis
14 Apr 2025
Excess carbon units in the Emissions Trading Scheme - the ‘surplus’ in privately held accounts - look to be reducing more slowly than the Climate Change Commission's targeted annual reductions, according to new analysis.
Govt needs to look at alternatives to free pollution credits for industrial emitters: Commission
11 Apr 2025
The Climate Change Commission says there are “legitimate questions” about hundreds of millions of public money spent on free carbon credits for polluters, and the government should be looking at alternatives.
Commissioner calls for urgent reform of carbon forestry in ETS
10 Apr 2025
The Parliamentary Commissioner for the Environment is calling on the Government to remove forestry from the New Zealand Emissions Trading Scheme, warning that the country’s flagship climate policy is entrenching risky land use decisions and undermining long-term emissions reductions.
'Don't tinker with the ETS': forestry groups
10 Apr 2025
Foresters have hit back against the Parliamentary Commissioner for the Environment’s call to remove forestry from the Emissions Trading Scheme, saying the move would threaten New Zealand’s climate goals.
East Coast advocates join calls to take forestry out of the ETS
10 Apr 2025
Sustainable land-use advocates in Tairāwhiti are demanding immediate government action on the Environment Commissioner's recommendation to phase forestry out of the Emissions Trading Scheme.
Experts slam govt decision to wind down green investment bank
9 Apr 2025
The government’s move to scrap its green investment bank is a step backwards for emissions reductions and doesn’t stack up with the National Party’s economic and energy transition strategies, according to sustainable finance experts.
Govt plan for forestry on Crown land raises questions for the Emissions Trading Scheme
4 Apr 2025
By Liz Kivi | The government’s latest plan for carbon forestry includes a large chunk of planting on Crown land, with 155,000 hectares of exotic forestry projected to enter the Emissions Trading Scheme by 2042.
Carbon market increasingly volatile
1 Apr 2025
Last week was 2025’s most volatile so far for the carbon market, with units changing hands below $60 all week, and even trading down to the low $50s.
Govt releases detail on ETS forestry restrictions
28 Mar 2025
The government has released more detail on new restrictions for farm conversions to exotic forestry in the Emissions Trading Scheme (ETS), which foresters say will prevent another planting boom.
Carbon price drops to 6-month low
26 Mar 2025
By Liz Kivi | The New Zealand Unit spot price has fallen dramatically in the wake of last week’s declined auction, with the Carbon News NZU Index closing at $54.67 yesterday, down 10% from prices above $60 at the start of last week.
Media round-up
21 Mar 2025
In our weekly round-up of climate coverage in local media: Most New Zealanders support meeting our international climate target through a mix of domestic and offshore action; three figures paint a bleak picture of climate reality; and will removing Maori rights clear the way for an attack on the natural world?
Greens call for agriculture in, forestry out of ETS
20 Mar 2025
Yesterday's failed Emission's Trading Scheme auction is 'another indictment' on the government's climate credibility, says Green Party co-leader and climate change spokesperson Chloe Swarbrick.
First ETS auction of the year fails
19 Mar 2025
The first Emissions Trading Scheme auction of 2025 has failed to sell any 'pollution permits,' with all 1.5 million NZUs rolling over to the June auction.
As the sea level rises, who will pay? Councils seek answers
Tue 15 Jul 2025
By David Hill, Local Democracy Reporter | North Canterbury's councils are seeking guidance from Government over who pays for protections from sea level rise, flooding and weather events.
Farmers slam proposed guidelines for sustainable finance
Today 11:30am
By Liz Kivi | Federated Farmers is calling on the government to scrap its proposed framework for ‘green’ finance, saying it is ideologically driven, unworkable, and risks harming rural communities.
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.
Nations agree to tax premium flyers, private jets
2 Jul 2025
A group of countries, including France, Kenya, Spain and Barbados, pledged on June 30 to tax premium-class flying and private jets in a bid to raise funds for climate action and sustainable development.
Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’
Fri 11 Jul 2025
In the midst of a record-breaking heatwave in Europe, the UK city of Exeter recently played host to the second international conference on “tipping points”.
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 PRICE: NZUs $57.33
Today 11:30am
The Carbon News NZU Index closed at $57.33 yesterday, up 17 cents on the previous day's close.
Indigenous elders lose landmark climate battle against Australian government
Today 11:30am
The Australian government has won a landmark climate case against residents of islands under siege from the impacts of climate change.
Bearish sentiment lingers for carbon market
Fri 11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
EU wants to see China take more ambitious climate action
Tue 15 Jul 2025
The world needs China to show more leadership on climate action, highlighting the importance of cutting planet-heating emissions and reducing the Chinese economy's reliance on coal.
NZ voluntary carbon market’s sad state
Mon 14 Jul 2025
By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.
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.
More choices for how we use, buy and sell electricity – and lower our power bills
Today 11:30am
Media release – Electricity Authority | New Zealanders will have more choices for how they use, buy and sell electricity – so they can lower their power bills – because of new market rules confirmed today by the Electricity Authority Te Mana Hiko (the Authority).
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.
Govt announces $600k package for flood-affected farmers in Nelson Tasman
Today 11:30am
The government has announced a $600,000 support package for flood-affected farmers in the Nelson Tasman Region, a move Federated Farmers says is a lifeline.
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.
Foresters seek time; end to using ETS as a land use tool
Today 11:30am
By Pattrick Smellie | Production and carbon forestry owners have begged the environment select committee to at least give the sector more time to come up with workable rules for legislation intended to cap forest planting on farmland.
Climate backtracking could impact trade relationships: Labour
9 Jul 2025
By Liz Kivi | Labour Party Energy spokesperson Megan Woods says the government needs to be upfront about how its energy policies will impact trade relationships, following revelations New Zealand was warned by other governments that backtracking on climate policies jeopardised its membership of an international alliance.
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.
Debanking bill 'financially dangerous'
Tue 15 Jul 2025
By Shannon Morris-Williams | A private member’s bill aiming to stop financial institutions from considering ESG factors has been slammed by leading investment groups, legal experts, and climate finance advocates as misguided, financially dangerous, and legislative overreach.
4000 hectares of forest uprooted by extreme winds in Nelson-Tasman storms
Tue 15 Jul 2025
By Liz Kivi | Foresters are facing a massive clean-up and tens of millions of dollars worth of damage from recent climate change-fuelled storms at the top of the South Island, with initial reports of 4000 hectares of wind-thrown production forestry.
Can you trust climate information? How and why powerful players are misleading the public
Fri 11 Jul 2025
The climate crisis is more urgent than ever, so why is there a disconnect between stated policies and actual practices?
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.
Electric firebricks: decarbonising high-temperature industrial heat
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.
‘Significant gaps’ in proposed approach to climate adaptation
Thu 10 Jul 2025
A new report into climate adaptation doesn’t suggest how development in high-risk areas should be avoided - an issue that needs urgent action with thousands of homes still being built in hazardous areas, according to the Environmental Defence Society.
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.
In Latin America, the energy transition stirs a rise in human rights lawsuits
8 Jul 2025
A new report shows that more than half of the 95 energy transition-related lawsuits recorded globally since 2009 took place in Latin America and the Caribbean.
Clear-sighted view to trade-offs crucial to reimagining our relationship with the land
7 Jul 2025
By Nick Swallow | COMMENT: New Zealand could see a 70% drop in the value of dairy land if we pursue our emissions targets for agriculture, according to a new report.
Unlocking economic growth on conservation land
9 Jul 2025
Media release - New Zealand Government | A targeted effort to reduce the backlog of applications for use of conservation land is accelerating economic growth without compromising conservation values, says Conservation Minister Tama Potaka.
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.
Millions of tons of tiny plastic particles are polluting the ocean, study finds
Tue 15 Jul 2025
At least 27 million tonnes of nanoplastics are estimated to be floating in the North Atlantic Ocean, weighing more than all wild land mammals combined.
'Back-to-basics' approach for councils ignores climate risk
Fri 11 Jul 2025
By Shannon Morris-Williams | While ACT is standing local government candidates to oppose councils' attempts to manage emissions and ministers are calling for local authorities to 'get back to basics' - or even suggesting scrapping regional councils altogether - one expert says this narrative is putting communities at risk in the face of climate change.
Markets aren't going to save us – Carr
9 Jul 2025
By Shannon Morris-Williams | Consumerism is reaching its ecological and economic limits, and only systemic change - not market tweaks - can steer us away from climate catastrophe, according to former Climate Change Commission chair Rod Carr.
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.
Feedback sought on national fuel security plan
Today 11:30am
Media release - Beehive: The Coalition Government is seeking feedback on a draft Fuel Security Plan that provides a long-term strategy to ensure New Zealanders have reliable access to fuel in times of domestic and global disruption, Associate Energy Minister Shane Jones says.
US: Why the federal government is making climate data disappear
Today 11:30am
Under Trump, climate denial has given way to something even more dangerous: climate erasure.
UK: Thousands lobby MPs to demand climate action
Thu 10 Jul 2025
More than 5,000 people from across the UK arrived in Westminster on Wednesday to meet their MPs and demand urgent climate action to protect their communities.
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.
Have renewables decreased electricity prices?
Today 11:30am
There is a persistent argument in certain circles that renewable energy is associated with higher costs than fossil fuels.
Researchers unveil new tools to accurately track methane emissions
Mon 14 Jul 2025
Breakthrough methane monitoring tools developed by Earth Sciences New Zealand are set to transform how farmers, landfill operators, and wastewater facilities track and tackle their methane emissions.
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".
Kiwi ‘smart panel’ startup aiming to reduce energy bills and emissions
4 Jul 2025
NZ start-up Basis this week launched an ‘intelligent’ panel to replace traditional electrical switchboards in homes, which it says can save the average home $1,200 NZD annually on bills and lead to lower emissions.
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.
Fast, sustained phase-out of fossil fuels: best-performing countries in coal and transport sectors
Thu 10 Jul 2025
By Robert McLachlan | It’s true that climate change is getting worse – it will continue to get worse until emissions fall to near zero. But is action on phasing out fossil fuels really stalling?
UN Human Rights Council fails to call out fossil fuels after decision cuts mention
Fri 11 Jul 2025
A proposal by the Marshall Islands and Colombia calling for a transition away from fossil fuels at the UN Human Rights Council failed to make it into the council’s declaration on climate change and human rights issued on Tuesday.
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.
The struggle for control of the Arctic is accelerating - and it's riskier than ever
Fri 11 Jul 2025
As the battle for one of the world’s coldest places heats up, an increasingly fragile security balance may be breaking down, leading to an escalating arms race.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
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.
