Topics tagged with 'Emissions trading'
Govt should bin draft voluntary market assurance and start again – expert
Fri 24 Jul 2026
By Liz Kivi | The Government is consulting on its criteria for endorsing domestic nature and carbon markets, however market experts say the draft document falls short of what is needed to support trust in the market and stop low-integrity credits being sold.
Red Stag boss questions $60m cement support as timber ETS reforms stall
Thu 23 Jul 2026
By Oli Lewis | The Government has granted $60 million to an emissions-intensive industry while dragging its feet on a proposal to allow firms making harvested wood products to earn carbon credits in the Emissions Trading Scheme, an industry leader says.
Govt brushes off 'damning' assessment of stalled emissions reductions
Thu 23 Jul 2026
By Liz Kivi | The Government is downplaying the Climate Change Commission’s “damning” report on the country’s stalled emission reductions, while experts say policy changes since the Coalition Government came into power are squarely to blame.
Experts call on Govt to withdraw ‘repugnant’ legislation to block climate lawsuits
13 Jul 2026
By Liz Kivi | Lawyers and climate policy experts are calling on the Government to withdraw legislation intended to block climate lawsuits, with an adaptation expert arguing that the legislation could worsen the insurance protection gap.
Emissions Trading Scheme ‘stockpile’ shrinking
9 Jul 2026
By Liz Kivi | The “stockpile” of NZUs in private accounts continues to shrink, with the latest Environmental Protection Authority figures showing the number has dropped by 9.5 million since this time last year.
Biodiversity credit markets need stronger safeguards – report
8 Jul 2026
By Shannon Morris-Williams | Emerging biodiversity credit markets need stronger government safeguards and public investment if they are to deliver lasting conservation benefits, according to a new report.
Carbon markets and biochar: a golden opportunity for NZ?
1 Jul 2026
By John O’Brien | COMMENT: New Zealand’s abundant and increasing forestry waste could become a multi-billion dollar opportunity for biochar carbon sequestration – as long as the right policies, programmes, and incentives are in place.
BNZ and Pāmu team up on ‘carbon insetting’ with existing native forests
30 Jun 2026
By Liz Kivi | BNZ and state-owned enterprise Pāmu (Landcorp) have teamed up on what they say could be a model for landowners to earn revenue from existing native forests, while businesses pay for carbon removals. The organisations involved say this is “not offsetting,” with less stringent rules needed than for carbon credits.
Forestry at heart of ETS problems – commissioner
24 Jun 2026
By Shannon Morris-Williams | Forestry is a central driver of growing problems within New Zealand's Emissions Trading Scheme, Parliamentary Commissioner for the Environment Simon Upton told the Environment Select Committee during Parliamentary Scrutiny Week.
Scrutiny week reveals unresolved trade-offs
24 Jun 2026
Last week's select committee scrutiny hearings showed how far the Government's energy and environment agenda has moved from target-setting to implementation. They also showed how many unresolved trade-offs now sit beneath that shift.
Carbon auction failures show ETS working, Watts says
23 Jun 2026
Failed government carbon auctions show the emissions trading scheme is working as intended rather than broken, Climate Change Minister Simon Watts says.
Looking behind the headline costs of offshore mitigation
18 Jun 2026
COMMENT: A closer look at Treasury’s analysis reveals assumptions that undervalue the case for using offshore mitigation as part of Aotearoa New Zealand’s global climate contribution, writes Catherine Leining.
Climate change minister tight-lipped on ACT climate policy
16 Jun 2026
By Liz Kivi | Climate Change Minister Simon Watts is keeping his cards close to his chest about the ACT Party’s election campaign pledge last week that it would resubmit New Zealand’s Paris Agreement target.
Govt looks to tighten ETS auction supply
12 Jun 2026
By Liz Kivi | The Government is consulting on auctioning fewer ‘pollution permits’ for 2027-2031, a move it says would help meet the country’s domestic emissions targets while also maintaining short-term confidence in the ETS.
‘A shame’: experts on decision to send Govt carbon auctions offshore
10 Jun 2026
By Liz Kivi | Carbon market experts are questioning whether the Government has made the right decision in sending its auctions of carbon 'pollution permits' worth billions of dollars offshore.
Diesel vs LNG – both high cost options for dry year cover
8 Jun 2026
By Pattrick Smellie | ANALYSIS: While last week’s Sapere report – looking at the Government’s proposed LNG terminal for electricity ‘dry year’ cover – says diesel would be better in the short-term, opting for diesel would lead to higher more volatile electricity spot prices in the next few years.
NZ’s ‘light‑touch’ approach to voluntary carbon and nature markets may unlock finance but risks credibility
2 Jun 2026
By Jennifer Campion, University of Waikato | The government’s recent announcement of support for voluntary carbon and nature markets effectively offers a “warrant of fitness” to signal which markets can be trusted, without directly regulating them.
‘Fiscal hole’ likely to deepen as another carbon auction looms
28 May 2026
By Liz Kivi | A broker is picking the NZU price will push towards $60 in the coming weeks on the back of improved confidence, however prices on the secondary market are still lagging well below the auction floor, with the second auction of this year less than two weeks away.
Govt unveils long-awaited voluntary carbon market guidance
15 May 2026
By Shannon Morris-Williams | The Government has released long-awaited guidance for New Zealand’s voluntary carbon and nature markets, as questions continue for the sector despite ministers signalling support for its growth.
Carbon News updates forward curve
13 May 2026
Carbon News has updated its ten-year NZU forward curve, following a recent rise in spot market prices, with NZUs rallying from about $34 in January to nearly $54 in early May.
Conservation land open for voluntary carbon market schemes
12 May 2026
By Pattrick Smellie | The government is to open up the Crown-owned conservation estate to private investment in voluntary carbon market projects.
Australian operator to run NZ ETS auctions
11 May 2026
The Government has appointed an Australian company to run its Emissions Trading Scheme auctions, taking over from NZX, which has operated the ETS auctions since they began in 2021.
Commission urges Govt action on climate risks
7 May 2026
By Liz Kivi | Climate change currently poses major risks to our water infrastructure with “significant gaps” in readiness to manage risks and increasing hazards, according to the Climate Change Commission.
Methanexit: writing on the wall for NZ’s biggest gas user
6 May 2026
By Liz Kivi | New Zealand’s biggest fossil gas user, Methanex, is expected to stop production by the end of this year, with the company confirming its Motunui methanol operation won’t survive Māui gas field’s closure.
Drop in ETS forestry registrations
5 May 2026
By Liz Kivi | ETS forestry registrations have dropped off this year, with the new mandatory emissions return period, new land-use rules, and carbon price volatility all meaning participants aren’t rushing to register forestry in the emissions trading scheme.
Tairāwhiti deserves better than weakened forestry rules
5 May 2026
OPINION: The government's proposed amendments to forestry standards, released yesterday, ignore the hard lessons learned in our region and ignore the voices that have fought hardest to protect it, writes Manu Caddie.
Greens condemn planned coal mine next to protected wetland
4 May 2026
By Liz Kivi | The Green Party says a new plan for a coal mine and fertiliser plant next to an internationally significant wetland is “ecological vandalism and climate denial.”
Fonterra ‘spins’ greenwashing research for favourable press
1 May 2026
By Liz Kivi | Dairy co-operative Fonterra has managed to ‘spin’ international research intended to highlight greenwashing, instead using it to generate unwarranted positive press, according to researchers behind the recent study into ag industry greenwashing.
‘Formidable’ El Niño expected this winter
29 Apr 2026
By Liz Kivi | Meteorologists are anticipating a significant El Niño influence on weather patterns across the country from winter onwards, with predicted lower rainfall for some areas and heavier rain for others likely to impact multiple sectors of the economy as well as the carbon market.
Minister signals hands-off approach to emissions policy
29 Apr 2026
Climate Change Minister Simon Watts used last week's estimates debate to set out the Government's approach to emissions reduction, attributing New Zealand's lowest recorded emissions since 1998 in 2024 not to government policy but to the behaviour of households and businesses.
Forest & Bird warns Emissions Trading Scheme ‘failing’
28 Apr 2026
New advice from the Climate Change Commission shows that New Zealand’s main climate policy tool is broken and at risk of collapse without urgent action to cut gross emissions, according to environmental advocates Forest & Bird.
Commission advises no change to ETS settings but warns Govt of looming risks
24 Apr 2026
By Liz Kivi | The Climate Change Commission is warning the Government of a possible shortfall of Emissions Trading Scheme units by the late 2020s and says the scheme will struggle to provide an investment signal by the mid-2030s.
Carbon price rises as lack of forestry credits hint at tightening supply
21 Apr 2026
By Liz Kivi | Prices on the secondary carbon market have rallied to their highest point in 2026, recovering to levels last seen in November last year, just before the Government announced it was unlinking the Emissions Trading Scheme from international climate goals.
Climate pollution static but NZ still on track for first emissions budget, says MfE
17 Apr 2026
By Liz Kivi | New Zealand is still on track to meet its first emissions budget, according to the Ministry for the Environment, despite the pace of emissions reductions slowing to a standstill.
Environment ministry straining under pressure of reforms and potential disestablishment
15 Apr 2026
The ministry responsible for New Zealand’s most significant resource management reform in a generation is doing so under institutional strain, compressed timeframes, and an uncertain future – including its own potential disestablishment.
Self-interest should drive investment in overseas climate action, says former climate commissioner
13 Apr 2026
By Liz Kivi | Wealthy countries – including New Zealand – aren’t doing nearly enough to fund climate mitigation in the developing world, with new research saying we need to "change the conversation" to spark action in this vital area.
Carbon ‘stockpile’ up 9 million in March quarter
10 Apr 2026
By Liz Kivi | The ‘stockpile’ of pollution permits (NZUs) in private accounts has increased by just over 9 million to almost 145 million since the end of 2025, according to the latest figures from the Environmental Protection Authority.
Economic contraction will impact carbon market
1 Apr 2026
By Liz Kivi | While higher fossil fuel prices strengthen the long-run economics of decarbonisation, the current fuel crisis won’t inspire near-term confidence in the carbon market, according to Lizzie Chambers of Carbon Match.
Carbon price: Ups and downs amid geopolitical uncertainty
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.
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.
MfE forecasts suggest diminishing NZU stockpile
19 Mar 2026
By Clive Bradbury | ANALYSIS: The Ministry for the Environment has updated its NZ ETS forecasts of emissions, removals and entitlements from the Crown's financial forecasting, with predictions pointing to a significant drop in the ‘stockpile’ this year.
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.
Rod Carr is ‘over’ climate change defeatism
13 Mar 2026
By Pattrick Smellie | If there’s one thing former Climate Change Commission chair Rod Carr is “over”, it’s people saying there’s nothing they can personally do to address climate change.
Unusual scarcity drives early 2026 NZU rally
5 Mar 2026
By Pattrick Smellie | The New Zealand carbon price has recovered since its late 2025 collapse, although the rally is driven by scarcity rather than confidence in market settings.
Bidders no-show at carbon auction – again
3 Mar 2026
By Liz Kivi | As predicted, today’s carbon auction yet again failed to attract any bidders, with NZUs currently trading hands on the secondary market at a 35% discount on this year’s auction floor price.
Italy calls for suspension of EU carbon market
2 Mar 2026
The Italian Minister said the Emissions Trading System (ETS) has a "perverse effect" and is condemning European companies from being competitive with other countries, urging other member states to back the suspension.
Carbon price drops as volatility continues
17 Feb 2026
By Liz Kivi | The carbon market is still displaying extreme volatility, with prices dropping back to below $40 yesterday, after trading as high as $46.25 last week.
Carbon market rallies but auction floor still out of reach
13 Feb 2026
By Liz Kivi | The carbon market has rallied, with secondary market prices up more than 25% in the past two weeks, although current prices in the mid-$40s are still far below this year’s $71 auction floor, with the first auction of 2026 less than three weeks away.
EU weighing options to support industry in carbon market overhaul
9 Feb 2026
The European Commission is looking at various ways to support industries in an upcoming overhaul of the EU carbon market to prevent them moving to areas with lower pollution standards, the head of the Commission’s climate department said late on Wednesday.
Minister’s letters: Mildly positive or just virtue signalling?
5 Feb 2026
By Liz Kivi | The carbon market was buoyed slightly yesterday, after letters between the Government and the Climate Change Commission were proactively released.