Topics tagged with 'Emissions trading'
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.
EU carbon prices hit all-time high
23 Apr 2021
EU carbon allowance prices hit an all-time high of over Eur47/mt April 22 as bullish mood continued in the market in the wake of the EU's informal agreement on a revamped 2030 emissions reduction goal.
Current NZU trigger price risks $500m bill
22 Apr 2021
The Government could find itself having to buy carbon credits to the tune of half a billion dollars on the international market if the current $50 trigger price for releasing additional NZUs at auction isn’t increased.
10 YEARS AGO...
21 Apr 2021
Ten years ago, the then National Government committed itself to the ETS regardless of the outcome of international climate negotiations. .
New book explores climate change in Aotearoa
20 Apr 2021
In the final chapter of the just released Climate Aotearoa, Adelia Hallett argues that there are two things that we need to do urgently: “stop burning fossil fuels, and look after nature. Because there are no technological silver bullets on the horizon to save us. We have to work with what we’ve got in front of us now.”
Asia pushes ahead on carbon markets
16 Apr 2021
Despite the economic challenges posed by Covid-19, the past year was marked by a growing number of pledges from Asian countries to reach carbon neutrality.
10 YEARS AGO...
15 Apr 2021
Ten years ago, Carbon News was reporting the ETS had failed to boost forest planting.
AA calls for ETS revenues to be spent on green transport solutions
13 Apr 2021
The AA has called on the government to spend revenue raised from the ETS on reducing transport emissions or mitigating the effects of climate change.
10 YEARS AGO...
12 Apr 2021
Ten years ago, a trader was warning the price of NZUs could crash as a result of credits result from the destruction of nitrous oxide and other gases being banned from Europe's ETS.
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.
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.
10 YEARS AGO...
6 Apr 2021
Ten years ago, ETS Review panel was suggesting synthetic gases sector could be dealt with outside the ETS.
'We hear you,' Govt tells worried manufacturers
31 Mar 2021
The country’s largest building company is calling for tariffs to protect local manufacturers from unfair competition from imports with higher carbon footprints – and the Government says it is listening.
Be careful with price controls, says Z
31 Mar 2021
Fuel retailer Z Energy says the Climate Commission’s advice on raising the cost containment trigger price of NZUs risks participants stockpiling NZU, affecting liquidity.
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.
How voluntary offsets can help us meet our Paris promise
30 Mar 2021
New Zealand should have a two-pronged voluntary carbon-offsetting framework to boost climate change, a new report says.
Tyre burner cements in emissions cuts
30 Mar 2021
Greenhouse gas emissions at New Zealand’s only cement-manufacturing plant will be cut by 13,000 tonnes a year – and it’s all down to tyres.
Big methane cut and free public transport needed, expert tells ClimCom
29 Mar 2021
Intergovernmental Panel on Climate Change author Bronwyn Hayward has told the Climate Change Commission its draft recommendations are not ambitious enough and larger cuts need to be made in biogenic methane emissions.
Don't miss getting your emissions return in
29 Mar 2021
Anyone who miss this week’s deadline for Emissions Trading Scheme returns is risking stiff new penalties.
Contact Energy: Hands-off our Ohaaki
26 Mar 2021
Contact Energy wants all revenues from the Emissions Trading Scheme to be ring-fenced for decarbonisation projects.
MERIDIAN: EVs and low-carbon boilers are key
26 Mar 2021
Meridian Energy has come out in favour of a feebate scheme for electric vehicles and government intervention to speed up the conversion of fossil-fuel boilers to electricity.
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.
NZ urged to grab a slice of burgeoning $35 billion market for nature credits
Fri 13 Mar 2026
By Shannon Morris-Williams | New Zealand could unlock strong domestic and international demand for high-integrity nature-based credits, if government, investors and restoration groups work together to scale supply, a new report says.
Rod Carr is ‘over’ climate change defeatism
Fri 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.
Auckland Airport switches on giant heat pump system to cut gas use
6 Mar 2026
By Shannon Morris-Williams | While Auckland Airport’s switch from gas to heat pumps is welcome, the emissions savings are dwarfed by ongoing aircraft emissions, which are set to rise, according to a sustainable transport expert.
Air NZ joins Marsden Point SAF project
3 Mar 2026
By Pattrick Smellie | Air New Zealand has quietly added its name to a consortium exploring the viability of green hydrogen production for sustainable aviation fuel at Channel Infrastructure’s Marsden Point energy hub.
Carbon markets risk penalising Indigenous stewardship, researchers warn
5 Mar 2026
Carbon markets designed to reward environmental restoration may be unintentionally disadvantaging Indigenous communities who have long protected intact ecosystems, according to new research.
Govt’s own modelling shows LNG leads to higher electricity prices than other solutions
19 Feb 2026
By Christina Hood | COMMENT: According to modelling conducted by Concept Consulting for MBIE, either developing the Tariki gas storage facility or managing electricity demand would deliver lower wholesale electricity prices than the Government’s preferred solution of an LNG import terminal.
Kenya’s latest carbon credit crackdown reveals questionable practices
Wed 11 Mar 2026
Some players use sophisticated tactics to inflate the value of credits that may not represent genuine, permanent emissions reductions.
Countries agree to record release of emergency oil reserves as prices surge
Fri 13 Mar 2026
Dozens of countries have agreed to release a record amount of oil from their emergency reserves to try to tackle supply shortages and soaring prices.
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.
3,600 times faster: China is shaking up the steel industry
25 Feb 2026
For over a century, making steel meant coal, heat, and hours of waiting. A Chinese research team now reports collapsing that process into just three to six seconds; no coal, near zero emissions, and a vortex lance already moving toward commercial production. The technology is called flash ironmaking, and in February 2026, its implications are still unfolding.
Hormuz crisis critical to New Zealand
Tue 10 Mar 2026
By Nathan Surendran | COMMENT: Why the Hormuz crisis is a symptom, not the disease – and what it means for New Zealand.
Sustainable retail-office project breaks ground under new Green Star framework
19 Feb 2026
Construction is set to begin on a new retail-office development in central Auckland, which is targeting a 40% reduction in embodied carbon and 25% lower energy.
Opposition attacks Govt over fossil fuel phaseout backdown
2 Feb 2026
By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.
Renewables surge cuts power emissions, but oil dominates fossil fuel use
Fri 13 Mar 2026
By Shannon Morris-Williams | New Zealand’s fossil fuel emissions fell in 2025 as strong renewable electricity generation reduced the need for gas-fired power, but oil consumption is rising and now accounts for a record share of fossil emissions.
Environmental groups call for ETS reform
20 Feb 2026
Several environmental organisations are calling on political parties to make climate and biodiversity central to the 2026 election campaign, with reforming the Emissions Trading Scheme seen as a key priority.
Climate Commission called to Waitangi inquiry over alleged breaches
Tue 10 Mar 2026
By Liz Kivi | The Climate Change Commission is being called to front up to the Waitangi Tribunal and give evidence over alleged legal breaches of its obligations to Māori.
Transport dominates NZ’s rising consumer emissions
10 Dec 2025
By Shannon Morris-Williams | Transport pollution was the biggest contributor to an increase in New Zealand’s consumption-based emissions in 2023, with emissions from household travel up 12%, and consumption-based emissions totalling 58.3 million tonnes – up 1.6% from the previous year.
From forest to flatpack, IKEA faces timber traceability test
Wed 11 Mar 2026
As the EU’s Deforestation Regulation nears implementation this year, furniture giant IKEA may need stronger traceability systems to prove its timber isn’t linked to post-2020 deforestation.
Greenpeace slams Govt climate policies amid rising petrol prices
Thu 12 Mar 2026
As petrol prices climb to $3 a litre, Greenpeace is blaming Government decisions for leaving Kiwis harder hit by the oil price spike.
RMA to speed up fossil fuel consents
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.”
Gaps in adaptation taxonomies hinder climate finance in Asia: report
5 Mar 2026
Without clearer criteria and metrics in adaptation taxonomies, Asia risks widening its climate financing gap, warns a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Russia gets export boost from Iran war as price of oil to India surges
Tue 10 Mar 2026
The war in Iran has fuelled a significant bump in demand for Russian oil and gas, the Kremlin said on Friday, boosting exports which have been battered by sanctions linked to Russia's war in Ukraine.
Five trees can’t offset a car: Lawyers accuse Mazda of greenwashing
Mon 9 Mar 2026
By Shannon Morris-Williams | Lawyers for Climate Action NZ is taking Mazda to the Advertising Standards Authority over its claims that a tree-planting programme will offset vehicle emissions.
Govt missing opportunity to slash electricity prices, says expert
11 Feb 2026
By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.
Japan eyes New Zealand as green hydrogen export hub
Thu 12 Mar 2026
By Shannon Morris-Williams | A new partnership between major Japanese companies aims to explore exporting green hydrogen from New Zealand – but the economics of producing the energy-hungry fuel remain the biggest hurdle.
Wales council to buy and demolish homes prone to flooding
4 Feb 2026
A row of homes in a village in south Wales is to be bought by a local authority and demolished as they can no longer be protected from flooding caused by the climate crisis.
Climate law change spanner in the works for Waitangi Tribunal Inquiry
19 Dec 2025
By Liz Kivi | The Government’s controversial changes to New Zealand’s legal framework for climate policy have thrown a spanner in the works for a long-running Waitangi Tribunal Inquiry into climate change.
EDS puts environmental lawmaking under the spotlight
26 Feb 2026
Media Release |The Environmental Defence Society has launched the first in a series of investigative pieces into how environmental laws are being made in Aotearoa New Zealand.
Climate 'dream team' launches foundation targeting 100 million tonnes in emissions cuts
25 Feb 2026
By Shannon Morris-Williams | The New Zealand Climate Foundation, which has the ambitious aim of cutting 100 million tonnes of greenhouse gas emissions by 2035, had its official launch on Monday.
Expert Panel invites EDS to comment on Bendigo goldmine
Fri 13 Mar 2026
Media release | The Environmental Defence Society has been invited to provide comment on the Bendigo-Ophir gold mine by the expert Panel tasked with deciding the fast-track project.
If the government is set on an LNG terminal, gas users, not electricity users, should pay
Wed 11 Mar 2026
By Christina Hood | COMMENT: It's increasingly clear that the government's narrative of LNG as ‘dry year electricity insurance’ really doesn't stack up.
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.
Tiny, lost and constipated: what a baby turtle told Australian scientists about warming seas
6 Mar 2026
The arrival of loggerheads in New South Wales shows these ‘sentinels of climate change’ are being forced into unknown territory.
The world’s largest climate finance deal was built to flounder: why funding fails to reach the front‑line
6 Mar 2026
Adopted in December 2015, the Paris Agreement commits countries to keeping global temperature rise below 2°C above pre-industrial levels.
Kiwis overly optimistic about state of environment
27 Feb 2026
By Shannon Morris-Williams | New research suggests many New Zealanders believe the environment is in better shape than it really is, with public perceptions often out of step with scientific evidence.
‘They pushed so many lies about recycling’: the fight to stop big oil pumping billions more into plastics
24 Feb 2026
Plastic production has doubled over the last 20 years – and will likely double again. For author Beth Gardiner, metal water bottles and canvas tote bags are not the solution. So what is?
Todd gets nod to drill first super-critical geothermal well
Thu 12 Mar 2026
By Pattrick Smellie | Todd Energy is to make its sole oil drilling rig available to drill the first exploration well under the government’s $60 million super-critical geothermal resource exploration programme under a ‘preferred supplier’ agreement announced yesterday.
Media round-up
20 Feb 2026
In our round-up of climate coverage in local media: 'Every tonne matters': The climate scientist who wants to give you hope; Minister says managed retreat is an option; and climate change is here – is New Zealand ready?
China has a new competitor? Kazakhstan reveals huge rare Earth deposit that could power the next tech boom
25 Feb 2026
China’s grip on rare earths might finally see some competition, and the world is already taking notice.
How falling battery costs are igniting race for round-the-clock solar power
Fri 13 Mar 2026
By combining the solar array with a massive amount of battery capacity, the aim is to store enough power generated during daylight hours so that a minimum of 1 GW of electricity – enough to power between 500,000 and one million homes – is available 24 hours a day, 365 days a year.
Native plant shows promise for tackling `forever chemicals’
Wed 11 Mar 2026
Media release: University of Auckland | One of Aotearoa New Zealand’s taonga plants, harakeke, shows promise as a treatment for removing “forever chemicals” from drinking water.
DOC trims costs and winds down jobs for nature
10 Nov 2025
The Department of Conservation (DOC) is entering a new phase of tighter budgets and structural change as it winds down the pandemic-era Jobs for Nature programme and reshapes its operations to absorb long-term cost pressures.
Claims that AI can help fix climate dismissed as greenwashing
18 Feb 2026
Tech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report.
Pacific climate response in question as NZ finance remains unclear
19 Dec 2025
By Shannon Morris-Williams | With New Zealand's $1.3 billion international climate finance commitment set to end with no clarity on what follows, the Auditor-General says oversight of that funding remains patchy and long-term outcomes are unclear.
NZ EV owners sticking with electric – survey
Wed 11 Mar 2026
Nearly all New Zealand EV owners say they would buy another electric vehicle, according to new research from Consumer NZ.
Summit aims to revive stalled UN talks on phasing out fossil fuels
Wed 11 Mar 2026
Colombia and the Netherlands have set out three priorities for a conference on phasing out fossil fuels they will co-host in Colombia in April.
Infrastructure plan calls for ‘predictable approach’ to electrifying economy
18 Feb 2026
Aotearoa’s first National Infrastructure Plan, introduced to Parliament yesterday, calls for "a predictable approach to electrifying the economy" as one of ten priorities for the next decade.
Global coastal sea-level risks may be underestimated, say scientists
5 Mar 2026
By Shannon Morris-Williams | Coastal communities across the Pacific and Southeast Asia could be facing greater sea-level rise risks than previously estimated, researchers say.
Study finds warming world increases days when weather is prone to fires around the globe
20 Feb 2026
The number of days when the weather gets hot, dry and windy — ideal to spark extreme wildfires — has nearly tripled in the past 45 years across the globe, with the trend increasing even higher in the Americas, a new study shows.
Western Australian communities want mandatory payments from new renewable developments
6 Mar 2026
The West Australian government wants to make new wind and solar farms pay into community funds, but host towns say more work needs to be done to make sure the payments actually happen.
