Topics tagged with 'Emissions trading'
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.
Why we need a carbon club
25 Mar 2021
If the three biggest economies - China, the United States and the European Union - agree a carbon tax on imports, it will catalyse climate action globally, a new paper says.
First carbon auction clears at $36
17 Mar 2021
The first Government auction of carbon credits today saw all 4.75 million NZUs sell at $36.
TRANSPORT 1: High carbon prices and behaviour change
16 Mar 2021
New Zealand is failing to get transport emissions under control, as latest data shows. Energy expert and IPCC lead author Emeritus Professor Ralph Sims says there is lots we can do, including pushing carbon prices higher.
'I didn't want Bank of England job' - Carney
15 Mar 2021
Mark Carney earned a fortune at Goldman Sachs, but now the banker wants the financial sector to reassess its values and tackle the climate emergency
EU keeps free credits for industry
15 Mar 2021
The European Parliament has rejected proposals to phase out free carbon dioxide pollution credits for industries covered by the EU’s Emissions Trading System, even as the bloc plans to gradually replace the scheme with a carbon levy at its border.
Parliament passes reserve price provision
10 Mar 2021
The first Government auction of carbon credits will go ahead next week with a confidential reserve price in place.
Super-registry to keep market honest
10 Mar 2021
A planned meta-registry will help stop double-dipping on carbon credits, its developer says.
EU border carbon levy could help poor countries
10 Mar 2021
Europe's future carbon border adjustment mechanism is part of the “new own resources” for the EU budget and must be used to combat global warming across the world, says MEP leading the project.
GENESIS: Reserve price will distort the market
9 Mar 2021
Including a confidential reserve price in next week’s Government auction of carbon credits could distort the carbon market, says one of the country’s largest emitters.
NZUs should be more than $100, MPs told
8 Mar 2021
An umbrella group representing more than 50 environmental organisations says NZUs would trading at more than $100 if the Government set more environmentally realistic limits on the number of units available.
Economists, minister debate climate report
5 Mar 2021
Finance Minister Grant Robertson says the ClimCom draft advice on climate change is the most significant report in his lifetime.
Beef & Lamb: Bring on the carbon credits
2 Mar 2021
The sheep-and-beef industry says a Government report recognising carbon storage on farms is significant – especially if it opens the door to collecting carbon credits from mature native forests.
FRIDAY POLITICS: Collins embraces the ETS
26 Feb 2021
National Party leader Judith Collins seems to have abandoned her dismissal of the need for urgent action on climate change – and found a love for the Emissions Trading Scheme.
ClimCom extends submission deadline
24 Feb 2021
The deadline for submissions on the Climate Change Commission’s draft recommendations is being extended.
Russian region launches carbon trading plan
22 Feb 2021
In Russia's remote far east, authorities have launched an unexpected experiment: an effort to try out carbon trading and reach net-zero planet-heating emissions by 2025.
Sign up for first carbon auction now
18 Feb 2021
The Government’s new carbon-auctioning website is live.
Put a big fat price on carbon, says OECD chief
18 Feb 2021
OECD Secretary General Ángel Gurría is bowing out with a climate-rallying cry, saying action on environmental crises must be the defining focus of wealthy countries after covid.
Emissions 'return to normal', says Fletcher Building
17 Feb 2021
The country’s largest building company says emissions have returned to normal in the wake of the covid-19 pandemic shutdown.
Deadline set for auction collateral
16 Feb 2021
If you are planning on taking part in the country's first carbon auction, you have until March 10 to hand over your collateral.
Let's think big, Germany tells US and China
16 Feb 2021
Germany wants Europe and the United States to strengthen transatlantic ties with a trade deal to abolish industrial tariffs, a WTO reform to increase pressure on China and a joint carbon-emission trading system to protect the climate.
Action on auction bill
11 Feb 2021
Carbon market participants have 10 days to have a say on plans to include a confidential price reserve in the country’s new auctioning regime.
Nats to Shaw: Why the late change, Minister?
10 Feb 2021
The National Party says it will support sending a law to stop gaming of the carbon markets to a select committee, but wants to know how the Government got itself in such a pickle.
MARKET LATESTl NZUs $39.10
10 Feb 2021
Spot NZUs opened at $38.60 bid and $39.60 offered on CommTrade this morning, after last fixing at $39.10.
Technical reserve law before Parliament
5 Feb 2021
A law change to stop carbon credits being sold in Government auctions at well below secondary-market prices has made it into Parliament.
Australian carbon offset prices jump on surging corporate demand
5 Feb 2021
Prices for Australian carbon offset permits have pushed above $17, a new 12-month high, boosted by demand from corporate emitters looking to take advantage of lower prices as the push for stricter long-term emissions targets gains momentum.
Let's think about what's possible
4 Feb 2021
We need more than electric cars to save us - it's time to think about a whole new transport system, says applied mathematician Professor Robert McLachlan.
Confusion over ETS rules is holding us back, says farmer
3 Feb 2021
Wairarapa farmer Mike Ashby feels the Government’s 2025 deadline for bringing agriculture into the Emissions Trading Scheme hanging over his head like a Sword of Damocles.
UPDATE: Climate commission's proposals for the ETS
31 Jan 2021
Price controls in New Zealand’s new carbon-auctioning regime could rise sharply next year if the Government acts on draft recommendations from the Climate Change Commission.
$50 is not a price cap, says NZX
29 Jan 2021
Domestic carbon prices could go above $50 a tonne even if the new cost-containment reserve is triggered.
NZ drops in global climate rankings as govt 'propels country backwards'
Wed 19 Nov 2025
By Shannon Morris-Williams | New Zealand has fallen to 44th place in global climate rankings, with the country’s climate policy rated “very low” amid widespread rollbacks of environmental protections.
Govt rejects CCC’s advice on net-negative 2050 but makes no official announcement
Thu 20 Nov 2025
By Liz Kivi | The Government has rejected the Climate Change Commission’s advice to strengthen the country’s net zero 2050 target, but appears to have buried the news with its announcement about methane targets last month.
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
NZ’s shameful new role as ‘international climate pariah’
13 Nov 2025
OPINION: New Zealand has ratcheted up its climate backsliding in the past month – losing any shred of climate credibility we once had and showing the world we’re giving up on a net zero future, writes Kayla Kingdon-Bebb.
Govt launches strategy backing wood-based heat sector
23 Oct 2025
By Pattrick Smellie | Forestry biomass could replace as much as 40% of fossil fuel-generated process heat by 2050, but access to supply, regulatory settings and business cases for converting to wood-based heat sources are required, the Government says in a series of documents released yesterday.
Govt’s rejection of CCC’s advice on climate targets undermines independent watchdog’s role, says opposition
Today 10:30am
By Liz Kivi | The Government’s latest dismissal of Climate Change Commission advice shows they have their heads in the sand about the reality of meeting climate targets, according to the Labour Party, while the Greens say Government decisions were an embarrassment on the world stage at COP30 this week.
COP30 climate talks evacuated after fire breaks out
Today 10:30am
The UN climate talks COP30 have been evacuated due to a fire breaking out inside the venue in Belém, Brazil.
Mounting emissions due to Government decisions
Thu 20 Nov 2025
By Liz Kivi | The Coalition Government’s climate policies have added a whopping 26 million tonnes of emissions out to 2030, according to new analysis of Government projections.
Act-NZ First split over future of the energy sector
14 Nov 2025
Act leader David Seymour has set out an energy policy platform that diverges sharply from coalition partner NZ First, arguing New Zealand must accept coal-fired backup generation, consider nuclear power, remove political interference from the electricity sector and sell down the government’s majority stakes in the gentailers.
'Little to be hopeful about' – NZ scientists caution ahead of COP30
31 Oct 2025
By Shannon Morris-Williams | Record heat, worsening climate impacts and global backsliding on emission reduction commitments have left some New Zealand climate experts with little optimism as COP30 approaches.
$235 billion worth of NZ buildings exposed to flooding
30 Oct 2025
More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.
Turkey set to host COP31 after reaching compromise with Australia
Today 10:30am
The COP31 climate meeting is now expected to be held in Turkey after Australia dropped its bid to host the annual event.
NZ’s energy system at a crossroads – report
Today 10:30am
A new report says New Zealand’s rapid shift toward a 95% renewable electricity system is at a critical turning point, urging faster consenting, stronger firming solutions and better grid planning.
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.
Insurers welcome govt decision to keep NHC levy unchanged
Today 10:30am
Media release |The Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa (ICNZ) has welcomed the Government’s decision to leave the Natural Hazards Commission levy unchanged, amid ongoing concerns around the cost-of-living.
NZ marine heatwaves could double in intensity under high-emissions pathway
16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
Foresters warn ETS reforms could fell innovation
Mon 17 Nov 2025
By Shannon Morris-Williams | Elizabeth Heeg, chief executive officer for the Forest Owners Association, says forestry must not be stripped from the Emissions Trading Scheme, arguing that carbon income underpins forest management and rural resilience.
The hidden dangers in Canada’s oil and gas ambitions
Tue 18 Nov 2025
Premier of Alberta Danielle Smith thinks global demand for oil will grow to 2050, perhaps beyond, and the Alberta industry will be viable for a hundred years.
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.”
Oxfam urges NZ to renew climate funding as Pacific projects face closure
12 Nov 2025
By Shannon Morris-Williams | Oxfam Aotearoa is calling on the Government to urgently renew New Zealand’s climate finance commitments, warning that vital projects supporting Pacific communities’ resilience are running out of funding.
‘We must keep 1.5 alive’ – Minister’s statement to climate summit
Wed 19 Nov 2025
By Liz Kivi | Climate Change Minister Simon Watts has delivered New Zealand’s National Statement to this year’s United Nations climate summit, affirming the country’s commitment to international climate targets and saying “we must keep 1.5 alive.”
TotalEnergies loses in Paris court, marking a turning point for fossil fuel truth-in-advertising
5 Nov 2025
TotalEnergies was found to have misled consumers about its role in the energy transition.
Lake Onslow battery project set for revival?
29 Oct 2025
A newly formed private consortium has emerged with plans to finance and build the massive Lake Onslow pumped-hydro project, despite the coalition government’s decision to abandon the scheme.
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.
Ministers urge decisive methane action as global report shows progress, warns of gaps
Wed 19 Nov 2025
Media release: UN Environment Programme | The Global Methane Status Report, launched on the sidelines of COP30 in Belém, shows that while considerable progress has been made since the launch of the Global Methane Pledge in 2021, more work is required to align with the level of ambition and action needed to meet the Pledge.
Why I’m not outraged at the Govt’s latest climate backsliding
7 Nov 2025
COMMENT: The Government’s latest climate rollbacks underline New Zealand’s long history of a lack of genuine desire to cut emissions, writes Geoff Bertram.
A landmark court ruling looms over US absence at COP30
Thu 20 Nov 2025
The historic climate change advisory opinion from the International Court of Justice suggests the United States is violating international law on climate, legal experts say.
Nelson commuters urged to ditch car once a week
22 Oct 2025
By Max Frethey, Local Democracy Reporter | Nelson has a bold carbon emission reduction target and residents are being encouraged to leave the car at home one day a week to help meet it.
Greens put miners ‘on notice’, pledge to revoke fast-track approvals
Tue 18 Nov 2025
By Shannon Morris-Williams | The Greens have pledged to revoke fast-track consents for coal, hard-rock gold, and seabed mining projects if elected to government next year.
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.
A crucial system of ocean currents may be on course to collapse. This country just declared it a national security threat
Mon 17 Nov 2025
As evidence mounts these currents could be on course for collapse, Iceland’s government has made the unusual move of designating the risk a national security threat.
Carbon Finance Program upscales efforts to close climate investment gap in climate vulnerable nations
22 Oct 2025
Media release | The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) will work with the Voluntary Carbon Markets Integrity Initiative (VCMI) to upscale the Carbon Finance Program in reach and impact, supporting more climate-vulnerable countries to host high-integrity carbon projects that yield tangible climate, nature, and sustainable development benefits.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Trump’s anti-climate agenda could result in 1.3m more deaths globally, analysis finds
Today 10:30am
Fallout from increased emissions linked to president’s ‘America First’ policies expected to most affect those in poor, hot countries.
Thousands march outside COP30 summit in call for action
Tue 18 Nov 2025
Marching to the beat of pounding sound systems, thousands of climate protesters have been bringing their message to the gates of the COP30 climate talks in Brazil.
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.
New partnership to fast-track grid connections for major renewable and storage projects
Today 10:30am
Powerco Transmission Services (PTS) has signed a new agreement with Kākāriki Renewables to streamline delivering large-scale wind, solar, and battery projects across New Zealand, in a move intended to accelerate the country’s transition to a low-emissions energy system.
Building resilient cities in a time of climate change
13 Nov 2025
Media release: Otago University | Local and international experts are meeting in Wellington this month to share their knowledge on creating healthier, more resilient cities in the face of the challenges posed by climate change.
Solar households to get little-noticed tax break
23 Sep 2025
A provision in the government’s latest tax bill would exempt households from paying tax on income they earn by selling excess electricity back to the grid.
Artificial intelligence sparks debate at COP30 climate talks in Brazil
Thu 20 Nov 2025
At the U.N. climate talks in Brazil, artificial intelligence is being cast as both a hero worthy of praise and a villain that needs policing.
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.
New carbon calculator helps Kiwirail customers make sustainable choices
Today 10:30am
Media release | KiwiRail has launched a carbon calculator to meet increasing demand from customers wanting to compare carbon emissions from rail, road and air.
Kaicycle celebrates ten years of collective climate action in Pōneke
14 Nov 2025
Media release: Kaicycle | Since 2015, Kaicycle has grown from a humble pilot project growing kai and collecting compost on bicycles into the thriving urban farm and composting hub that Wellingtonians know and love.
Climate impacts hit NZ with increasing wild weather
23 Oct 2025
By Liz Kivi | New Zealand is facing a triple whammy of climate impacts today, with severe winds and rainfall predicted for much of the country while some areas are still dealing with wildfires ignited earlier in the week.
‘It felt bloody awful’: Hope rises from Tongariro’s wildfire ashes
Today 10:30am
By Moana Ellis, Local Democracy Reporter | A devastating wildfire scorched 3000 hectares of Tongariro National Park, but as recovery gets underway, conservation leaders say the blackened landscape could offer a rare chance for large-scale native regeneration. Local Democracy's Moana Ellis reports.
Southland windfarm plan moves through Fast Track process
Wed 19 Nov 2025
By Matthew Rosenberg, Local Democracy Reporter | A $1.1 billion Southland windfarm proposal has reared its head at a regional council after facing rejection earlier this year.
