Topics tagged with 'Emissions trading'
One in five Australian carbon credits junk: study
22 Sep 2021
About 20% of carbon credits created under the federal Coalition’s main climate change policy do not represent real cuts in carbon dioxide and are essentially “junk”, new research suggests.
First credits sold under Queensland's carbon scheme
22 Sep 2021
A central Queensland couple has become the first to sell carbon credits under the state government's Land Restoration Fund (LRF).
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.
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.
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.
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.
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.'
China's carbon market records its first cross-border deal
16 Aug 2021
Even as trading on China's national carbon market dwindled away in its first month to next to nothing, one sign of life emerged this week in the form of an unusual cross-border deal for a voluntary form of carbon emission credits.
Price of carbon driving forestry conversions
5 Aug 2021
Research commissioned by Beef + Lamb New Zealand has found that about 26,550 hectares of farmland has been sold to “carbon-only” entities since 2017.
10 YEARS AGO...
3 Aug 2021
Ten years ago, British electricity generators were paying 16 pounds a tonne for carbon – nearly twice the then price of carbon in New Zealand.
Analysts raise EU carbon price forecasts
28 Jul 2021
Analysts have raised their European carbon market average price forecasts after the European Commission unveiled a package of policies to implement its climate targets, including reforms to limit the number of carbon permits available.
China's carbon market tops 210 million yuan in first-day trading
19 Jul 2021
China's national carbon market, the largest emissions trading system in the world, made its debut on Friday with a turnover of 210 million yuan for carbon dioxide emissions on the first day
Number of NZUs surrendered drops
15 Jul 2021
The net number of NZUs surrendered in the year ending June dropped from $40.24 million last year to $38.87 million.
NZUs continue to climb
8 Jul 2021
The price of NZUs have increased by more than 24% since the beginning of last month – hitting $46 on both the Commtrade and Carbon Match platforms yesterday.
10 YEARS AGO...
6 Jul 2021
Ten years ago, NZ Carbon Farming was claiming it had made the biggest carbon deal in New Zealand history - but it wouldn't say how big.
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.
10 YEARS AGO...
29 Jun 2021
Ten years ago, the then Labour leader of the opposition, Phil Goff, told Federated Farmers that under a Labour government agricultural emission would be included in the ETS.
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
UK aviation emissions up, up and away till mid-2030s
23 Jun 2021
The UK aviation industry has announced carbon targets that allow emissions from planes to increase into the mid-2030s.
NZU prices plateau before 2nd ETS auction
22 Jun 2021
Prices for NZUs have plateaued around the $41 mark in the lead up to tomorrow’s ETS auction.
10 YEARS AGO...
22 Jun 2021
Ten years ago, New Zealand carbon prices were expected to drop following falls in Europe.
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.
10 YEARS AGO...
16 Jun 2021
Ten years ago, an executive from Shell Australia was saying the ETS was a more effective way to fight climate change than government subsidies to renewable energy.
10 YEARS AGO...
15 Jun 2021
Ten years ago, the international carbon market was stalled at around $US142 billion.
Getting people out of their cars a top priority
14 Jun 2021
The lead author of a 2016 Royal Society report that recommended a feebate scheme says yesterday’s announcement is welcome news but getting people out of their cars remains a top priority.
ETS needs strengthening: ClimCom
11 Jun 2021
The Climate Change Commission has recommended that the ETS be amended to further tilt incentives towards emission reduction and away from the planting of exotic forests.
Responses to ClimCom final advice divides along usual lines
10 Jun 2021
An avalanche of press releases in response to yesterday’s release of the Climate Change Commission’s final advice to the government sees interest groups dividing along familiar lines.
10 YEARS AGO...
10 Jun 2021
Ten years ago, the operators of a Waikato aboretum won the right to sell carbon credits from their trees.
10 YEARS AGO...
9 Jun 2021
Ten years ago, NZUs were trading for between $19.65 to $19.85, on light volume.
NZU price on the up
8 Jun 2021
After dropping from a high of $39.60 in February to $36.25 last month, the price of NZUs is on the way up, crossing the $38 mark today.
Investors piling into carbon market
4 Jun 2021
Investors have piled into new carbon-credit-trading funds, helping make the upstart market one of the best-performing commodities-related investments of the past year, The Wall Street Journal reports.
ClimCom and National Party at odds over ETS
28 May 2021
An opinion piece by Climate Change Commission Chair Rod Carr reiterating the commission’s position that the ETS alone won’t deliver a desirable low emissions future has riled up the National Party.
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.
Gas to flicker on?
24 May 2021
Without extra investment New Zealand could find itself without enough gas supply to ensure security of electricity by 2026, a regulator has warned.
Is that lithium or methane on the Govt’s breath?
21 May 2021
In 1985, then prime minister, David Lange, memorably quipped that he could smell the uranium on the pro-nuclear televangelist Jerry Falwell’s breath during an Oxford Union debate.
World's largest carbon market booming
20 May 2021
The cost of polluting in Europe is experiencing a meteoric rise unlike any period since its inception in 2005, driven higher by the region’s ambitious climate policy and increased financial investment in the market.
10 YEARS AGO...
19 May 2021
Ten years ago, the Government allocated $1.6m a year for the following four years for reviewing the Emissions Trading Scheme
The winding road to decarbonising transport
17 May 2021
With yesterday’s pre-budget announcement of $41.8 million for the state sector to lease low emissions vehicles, and last week’s release of a Ministry of Transport green paper on transitioning to net zero by 2050 a map of how New Zealand could decarbonise its transport sector is emerging.
10 YEARS AGO...
14 May 2021
Ten years ago, a review of the ETS was looking at an Australian proposal to give farmers tradeable credits for storing carbon in soil.
Kenya to set up an ETS
13 May 2021
Kenya aims to set up an emissions trading system that will allow companies and other bodies to buy emissions allowances, the finance minister said on Tuesday, as the country strives to limit the release of greenhouse gases.
NZU price tipped to cross $40 mark before the end of the year
11 May 2021
Seven out of nine respondents to an international carbon market survey believe the price of NZUs will cross the $40 mark before the end of the year.
Rail plan lacks climate ambition
6 May 2021
The Government has highlighted the 2.5 million tonnes of greenhouse gases New Zealand Rail prevents from entering the atmosphere each year, in its just released NZ Rail Plan, but a climate change expert says the plan is disappointing in its lack of ambition.
10 YEARS AGO...
3 May 2021
Ten years ago, we were reporting that banks were starting to lend on carbon as forestry companies secured contracts as far forward as 2020.
10 YEARS AGO...
28 Apr 2021
Ten years ago, David Caygill was putting the finishing touches on a review of the ETS.
Ardern touts NZ's climate action at summit
23 Apr 2021
Prime Minister Jacinda Ardern used her appearance at President Joe Biden’s virtual Leaders’ Summit on Climate Change to extol the virtues of New Zealand’s response to the climate crises.
Urban rewilding combats global biodiversity decline
Wed 28 May 2025
Media release | A new study led by the University of Sydney reveals how cities around the world are restoring wildlife to their former habitats in the face of ongoing urban sprawl.
US dairy farmers consider return on climate-smart milk
22 May 2025
The approach is just one of many dairy practices now considered “climate-smart” because they could cut production of climate-warming gases.
Greenwashing is rife in Australia, but could its days be numbered?
Wed 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.
Govt's RMA overhaul sparks fears for nature and climate
Fri 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.
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.
Govt mulls status quo for ETS auction settings
Thu 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.
Pacific Island nations support China's Taiwan claims at high-profile foreign ministers' meeting
Fri 30 May 2025
Pacific nations have backed China's claim over Taiwan during a high-profile meeting, but have shied away from directly endorsing Beijing's push to "reunify" the democratically ruled island with the mainland.
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.
Fight over coal mine heats up
Fri 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.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Owning a green home could cut mortgage payback time by two years
9 May 2025
A green certified home plus a green mortgage and associated energy bill savings could save Kiwi families up to $98,800 over the course of their mortgage - the equivalent of being mortgage-free several years early, according to new research.
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.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
Fri 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.
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.
Glacier collapse buries most of Swiss village
Fri 30 May 2025
The Swiss village of Blatten has been partially destroyed after a huge chunk of glacier crashed down into the valley.
Oceans Commission must have teeth – minister
14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Water crisis on the horizon?
26 May 2025
Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.
Watts talks big on energy reform, but barriers persist
Thu 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.
Hotter and deeper: how NZ’s plan to drill for ‘supercritical’ geothermal energy holds promise and risk
2 Apr 2025
By David Dempsey, University of Canterbury | New Zealand’s North Island features a number of geothermal systems, several of which are used to generate some 1,000 MegaWatts of electricity. But deeper down there may be even more potential.
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.
Nelson backs ‘ambitious’ emissions target, but mayor nervous
26 May 2025
By Max Frethey, Local Democracy Reporter | Nelson’s mayor has been accused of “pouring cold water” on ambitious greenhouse gas emission targets proposed for the city.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
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.
While govt ‘refreshes’ fund for low carbon trucks, are transport emissions set to accelerate?
Wed 28 May 2025
By Liz Kivi | The government has announced it is updating the Low Emissions Heavy Vehicle Fund, however cuts to funds to decarbonise transport in last week’s budget, and potential changes to road user charges, could stall transport emissions reductions.
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.
Kiwi cleantech companies on the world stage
27 May 2025
Six New Zealand 'cleantech' companies were in Singapore earlier this month, along with a venture capital firm and the MacDiarmid Institute, to meet investors and multinational partners.
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.
New research reveals NZ’s natural resource footprint
Thu 29 May 2025
Media release | New research from the office of the Parliamentary Commissioner for the Environment reveals that about 107 million tonnes of natural resources were required to produce the goods and services consumed by New Zealanders in 2019 – approximately 21 tonnes per person on average.
World’s nations to gather in France to tackle what UN says is a global emergency in the oceans
Fri 30 May 2025
The world’s nations are gathering in France next month to tackle what the United Nations calls a global emergency facing the world’s oceans as they confront rising temperatures, plastic pollution choking marine life, and relentless overexploitation of fish and other resources.
Europe’s next climate target may already have been agreed in Berlin
Wed 28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
Warm water affecting Antarctica’s largest ice shelf - new research
22 Apr 2025
While Antarctica’s Ross Ice Shelf is currently stable, new research shows warm water is reaching up to 170 kilometres under the front of the ice shelf.
NZ's first chance in 20 years to catch up on waste
Fri 30 May 2025
Media release | The government has announced proposals for updating the Waste Minimisation Act and the Litter Act. For the first time in nearly 20 years, Kiwis have a chance to catch up with other countries to reduce our waste and litter.
Dismissals 'massive win' for climate movement
13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
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.
For the first time, China invests more in wind and solar than coal overseas
Thu 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.
A fungus that can ‘eat you from the inside out’ could spread as the world heats up
27 May 2025
Infection-causing fungi responsible for millions of deaths a year will spread significantly to new regions as the planet heats up, new research predicts — and the world is not prepared.
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".
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.
More than 1 in 4 cars sold globally in 2025 expected to be EV: IEA report
26 May 2025
According to the Global EV Outlook 2025 report from the International Energy Agency (IEA), 2025 is set to be big for EV sales. The report predicts that about one in four cars sold worldwide this year will be electric, despite overall market uncertainties.
Brazil seeks early deals on two stalled issues at Bonn climate talks
26 May 2025
Moving forward work on just transition and implementing recommendations from the Global Stocktake of climate progress are key priorities for upcoming UN negotiations.
Global sea levels rise spelling catastrophe for coastal towns and cities
14 May 2025
For around 2,000 years, global sea levels varied little. That changed in the 20th century. They started rising and have not stopped since — and the pace is accelerating.
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.
NZ moving too slowly to decarbonise – former commission chair
22 May 2025
By Liz Kivi | New Zealand's energy transition is too slow and too controlled by vested interests, according to former Climate Change Commission chair Rod Carr.
