Topics tagged with 'Emissions trading'
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.
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.
Oxfam calls on Govt to renew climate finance commitments
Mon 8 Jun 2026
By Shannon Morris-Williams | The Government's failure to renew international climate finance commitments has left Pacific nations short at least $100 million a year, with Oxfam Aotearoa linking the funding gap to New Zealand's weakened Emissions Trading Scheme.
Call for wider investigation into private back-channel emails in PM’s office
Today 12:30pm
By Liz Kivi | The Green Party is calling for a full investigation into the use of private email in the Prime Minister's Office, as the scandal following a missing Fonterra and Z Energy climate policy briefing document drags on.
$30m airline fund risks ‘burning public money’ without lasting benefit – expert
20 Mar 2026
By Shannon Morris-Williams | A $30 million government package to support regional air routes risks delivering poor value for money while increasing emissions, according to transport strategist Tim Adriaansen.
Europe's green jet fuels see upside in Iran war
Wed 3 Jun 2026
Interest in synthetic propellants is growing as the Iran war pushes Europe to reassess its dependencies, raising hopes of a turnaround for the struggling sector, according to industry experts.
Fed Farmers' election wish-list includes stopping whole-farm conversions to carbon forestry
Today 12:30pm
Federated Farmers has launched a five-point plan for the next government, setting out what it says should be a major focus for political parties heading into the November election.
Huntly biomass option no cheap fix, Genesis tells MPs
28 May 2026
Genesis Energy says biomass can be burned in Huntly's Rankine units, but current costs put it in roughly the same price range as imported LNG and extra Rankine capacity would be expensive and could take years.
No bidders again: NZ carbon auction extends losing streak
Today 12:30pm
By Shannon Morris-Williams |New Zealand's carbon auction has failed for the sixth consecutive time, with no bidders emerging for the 2.6 million NZUs on offer as secondary market prices remain well below the Government's $71 auction floor price.
Bonn Bulletin: Tackling climate crisis is “hardest” challenge ever, Stiell says
Today 12:30pm
The June Climate Meetings open with a reminder to delegates of the tough but ever-clearer imperative of shifting away from fossil fuels to clean energy.
Carbon auction set to fail while new data suggests sharp decline in stockpile
Mon 8 Jun 2026
By Liz Kivi | Tomorrow’s carbon auction is odds-on to fail again, even as the latest figures from the Environmental Protection Authority show the ‘stockpile’ of NZUs continuing to decline.
Importing LNG would raise costs and emissions: it’s a terrible decision for New Zealand
Today 12:30pm
COMMENT: Today’s announcement from the Government is political smoke and mirrors, with electricity users’ wallets still set to bear the brunt of the proposed LNG facility, writes Christina Hood.
NZ’s sustainable finance credibility gap
Fri 5 Jun 2026
By Manbo He | COMMENT: New Zealand has built serious sustainable finance infrastructure - but risks failing to attract the global capital that infrastructure was designed for, because it lacks the practitioner capability to operate it credibly.
Green building council calls for clean energy policies
18 May 2026
The New Zealand Green Building Council has released its 2026 election manifesto calling for policies to reduce energy waste in buildings, lower household and business energy costs, and improve New Zealand’s energy security.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
21 Apr 2026
Hungary has played a disproportionate role in EU climate and energy policy in recent years, by repeatedly vetoing climate action and by delaying the phaseout of Russian fossil-fuel imports.
Labour on overturning LNG: ‘we’d need to see the contract’
Today 12:30pm
By Pattrick Smellie | An incoming Labour government later this year would need “to look at the contract” before deciding whether it would be bound by the current government’s commitment to a user-pays funded liquefied natural gas terminal.
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.
‘That’s a bad combination’: why Australia may be in for a slushy snow season
Today 12:30pm
Snow arrives in time for the start of ski season, but climate change and El Niño mean it may not stick around for long, experts say.
EDS urges MPs to scrap the Fisheries Amendment Bill
5 May 2026
Media release | The Environmental Defence Society today lodged a substantive submission on the Fisheries Amendment Bill.
'Terrible result': Emissions barely budged in 2024
Fri 5 Jun 2026
By Shannon Morris-Williams | New Zealand's greenhouse gas emissions were virtually unchanged in 2024, falling by 0.03%, despite the economy shrinking by ten times that amount during the same period, according to new data.
Meridian nears Pūkaki approval despite energy security warning
Today 12:30pm
Meridian Energy is close to winning fast-track approval to draw Lake Pūkaki deeper than normally allowed, despite the Energy Minister warning the move could weaken New Zealand’s dry-year electricity security and saying he does not support the application in its current form.
Cabinet green-lights $55M super-critical geothermal drilling programme
Today 12:30pm
By Pattrick Smellie | Cabinet has agreed to release the $55 million unspent of the $60m secured by Resources Minister Shane Jones to drill up to 5 kilometres deep into super-critical geothermal heat under the Taupō volcanic zone.
Sustainable finance taxonomy for energy sector – consultation
Mon 8 Jun 2026
The Centre for Sustainable Finance is consulting on the sustainable finance taxonomy’s draft energy sector criteria.
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.
Why ‘greenhushing’ signals deeper issues with NZ’s climate risk reporting regime
15 May 2026
By Hang Pham, Te Herenga Waka — Victoria University of Wellington | Most of us are familiar with the concept of greenwashing: organisations exaggerating or overstating their environmental credentials. But in New Zealand, there are signs the country’s climate disclosure regime may inadvertently be driving a very different trend: not saying much at all.
Hipkins pans LNG plan as ‘massive step backwards’
19 May 2026
By Liz Kivi | Labour leader Chris Hipkins has told a Queenstown audience that a Government he leads would not proceed with a planned LNG import terminal, if elected at November’s election.
Victorian Hydrogen announces Southland urea fertiliser project using coal
22 Apr 2026
By Liz Kivi | Australian-based Victorian Hydrogen has announced it is developing a new 1.5 million-tonne-a-year urea fertiliser operation in Southland, which it will apply for under fast-track legislation.
Media round-up
Fri 5 Jun 2026
In our round-up of climate coverage in local media: The government must stop delaying decisions on funding climate adaptation, says Gisborne mayor; insurance conference exposes poor preparation for climate change; and Labour questions whether a disappearing climate briefing note was part of a deliberate cover-up.
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.
EU sues Ireland over failure to protect carbon-rich bogs
Mon 8 Jun 2026
The European Commission is taking Ireland to court over its failure to protect environmentally crucial boglands from commercial turf-cutters.
Full steam ahead on LNG: but timing slips
Today 8:45am
By Pattrick Smellie | The government is pressing ahead with plans to import liquefied natural gas, paid for by the ‘big four’ electricity generators, but its timetable is slipping closer to election day.
Changes to emissions factors prompt caution over climate claims
Thu 4 Jun 2026
By Shannon Morris-Williams | Organisations may need to revisit how they calculate and communicate their greenhouse gas emissions after the Ministry for the Environment released an updated version of its Measuring Emissions Guide, incorporating new emissions factors based on New Zealand's latest greenhouse gas inventory.
Climate risks could reshape business finances, new guidance warns
15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
Move to block lawsuits could strengthen climate case against Govt
14 May 2026
By Liz Kivi | The Government’s plan to block climate lawsuits – while potentially fatal for one groundbreaking climate case – could actually bolster claims in another live climate case underway against the Government.
Lack of demand leads to Bathurst pausing coal mine expansion
2 Jun 2026
By Liz Kivi | Bathurst Resources has confirmed it is struggling to find a market for coal from its planned extension of the Rotowaro coal mine in North Waikato, and is putting the project on ‘pause’.
Diesel vs LNG – both high cost options for dry year cover
Mon 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 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.
Deep South marine reserves boost protection by nearly 50%
Wed 3 Jun 2026
Five new marine reserves protecting more than 300 square kilometres of ocean habitat along the Otago and south Canterbury coast will come into force next month, marking one of the largest expansions of mainland New Zealand's marine reserve network in decades.
Environmental groups sue Trump administration over approval of new ultra deep-water drilling project
23 Apr 2026
Environmental groups sued the Trump administration on Monday over its approval last month of oil company BP’s ultra deep-water drilling project in the Gulf of Mexico.
Seven ‘new approaches’ to avoid our Paris commitments: Carr
Thu 4 Jun 2026
Praying for “new approaches” to materialise to meet our international climate obligations isn’t a strategy, writes Rod Carr.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
Six NZ climate solutions up for 2026 Earthshot prize
21 May 2026
By Shannon Morris-Williams | Six New Zealand climate and sustainability initiatives have been nominated for the 2026 Earthshot Prize, with the shortlist showcasing Kiwi-led solutions tackling emissions, plastic waste and ocean restoration.
Northern Thai residents march for action on polluted rivers. ‘This is an emergency’
Today 12:30pm
More than 600 residents of Chiang Mai and Chiang Rai provinces embarked May 31 on a roughly 68-kilometer, six-day ‘peace walk’ to demand the Thai government take action on the river pollution crisis that has seen Thai rivers polluted with heavy metals.
Why China's critical minerals strategy leaves the US behind
Mon 8 Jun 2026
The United States cannot realistically recreate that dominance overnight even if the political will existed.
Govt legislates for more gas market transparency
2 Jun 2026
The Government has passed its Gas Market Transparency Bill through all stages under urgency, giving itself stronger powers to see into a gas market where tightening supply is creating significant uncertainty for businesses.
Waikato launches vision for energy transition bringing $4.5 billion investment to the region
Mon 8 Jun 2026
By Shannon Morris-Williams | Waikato Regional Council has released a strategy aiming to position the region at the centre of New Zealand's energy transition, with plans to boost energy security, cut emissions and unlock billions of dollars in economic opportunities by 2050.
‘Landmark’ conservation reform bill – boost or bust for nature?
8 May 2026
By Liz Kivi | The Government has announced an overhaul of the country’s conservation system, which environmental organisation Forest & Bird says will undo the work of many generations of Kiwis to protect public conservation land.
Researchers say this new Trump rule could destroy American science as we know it. They’re fighting back
Mon 8 Jun 2026
Scientists across multiple disciplines are sounding the alarm after the White House proposed taking greater control over how scientific research gets funded and allowing political appointees to decide whether to approve scientific grants.
China’s CO2 climbs 2% in early 2026 due to ‘wasted’ wind and solar
Fri 5 Jun 2026
The country used more coal and gas to generate electricity than in the same quarter a year earlier, despite a record amount of new wind and solar capacity being built.
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.
EU wants households to cut peak time energy use as demand from industry and AI soars
Fri 5 Jun 2026
A new law will aim to use artificial intelligence to boost efficient use of power as electricity demand threatens to overwhelm Europe’s grids.
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.
UK urged not to further weaken EV rules as CO2 impact revealed
Today 12:30pm
British vehicles will emit an extra 17 million tonnes of CO2 by 2030 due to a loophole allowing the sale of more PHEVs, data suggests.
What to expect from the Bonn climate talks
Mon 8 Jun 2026
The annual June climate talks in Bonn are taking place this year against the backdrop of an oil and gas supply crisis tied to the Iran war and deadly heatwaves in Europe, India and the Middle East. Can they produce anything substantial to ease the squeeze on economies and communities around the world?
Project linking food waste to cutting methane emissions gets underway
27 May 2026
Media release | Kai Commitment is leading a New Zealand-first project to help understand the connection between food waste and methane emissions and identify effective interventions.
Record-breaking heat and dry spring leave parts of England without water
2 Jun 2026
Thousands of households in southeast England were left without water or facing low pressure during a record-breaking heatwave this week, as high demand followed a dry spring to expose the failings in Britain's ageing infrastructure.
Why is Northern Ireland facing a growing threat from wildfires?
7 May 2026
Figures show that spring drought events are happening more often while there has been a sharp rise in "fire weather" - a mix of warmth, dryness, and wind that allows fires to ignite and spread rapidly. Experts warn this combination, along with climate change, is creating a longer and more volatile wildfire season.
Waves with world's first wind power undersea data center
Thu 4 Jun 2026
China has begun operations of the world's first undersea data center directly powered by offshore wind, as the country races to solve the soaring energy demands of artificial intelligence with greener and more efficient infrastructure.
