Topics tagged with 'Emissions trading'
Auction platform passes first test
28 Jan 2021
New Zealand’s new carbon-auctioning seems to be working smoothly.
WORTH NOTING ...
27 Jan 2021
The country’s new carbon-auctioning regime is being put through its paces today and tomorrow with a simulated auction. The first real auction will be on March 17.
TEN YEARS AGO ...
27 Jan 2021
Ten years ago, Federated Farmers was asking Climate Minister Nick Smith to put his promise to keep agricultural out of the Emissions Trading Scheme in writing.
EDITORIAL: It's about to get real
26 Jan 2021
Welcome to 2021 – the year in which we will get our first hard look at the size of the job in front of us.
WORTH NOTING ...
26 Jan 2021
Simulated auctions of NZUs to test the new regime will be held tomorrow and on Thursday.
Auctioning system to be tested
13 Jan 2021
Simulated auctions of NZUs will be held on January 27 and 28 to test whether the country is ready for the new auctioning regime.
MARKEST LATEST: NZUs $37.62
23 Dec 2020
Spot NZUs opened at $37.50 bid and $37.75 offered on CommTrade this morning, after last fixing at $37.62.
Govt reverses decision on technical reserve
21 Dec 2020
The first Government auction of carbon credits, scheduled for March 17, will take place with a technical reserve price in place after all.
EDITORIAL: 202O - the year we got serious?
14 Dec 2020
Believe it or not, a 54 per cent rise in the price of NZUs this year does not make 2020 the year of the biggest gains.
WELLINGTON: Give us carbon credits for our wetlands
10 Dec 2020
A second regional authority is calling for non-forestry carbon sequestration like wetland restoration to earn carbon credits.
Carbon continues its bull run
10 Dec 2020
Spot NZUs have hit $38 just two days after reaching $37, tempting sellers back into the market.
Carbon hits yet another high
9 Dec 2020
Carbon prices crashed through the $37.50 mark yesterday, closing at a record $37.55 on both CommTrade and Carbon Match.
WELLINGTON: Should we hold 'em?
8 Dec 2020
Greater Wellington Regional Council will debate today whether it should sell millions of dollars worth of carbon credits or hold them and wait for prices to go higher.
Carbon prices keep climbing
8 Dec 2020
Carbon prices pushed higher again yesterday, making daily gains of 1.64 per cent on both major trading platforms.
Carbon on a barn-storming run
7 Dec 2020
Carbon prices are continuing their climb, recording gains of almost 50 per cent for the year.
Surging prices see carbon up 47% in a year
4 Dec 2020
Carbon prices continued their upward charge yesterday, gaining 25 cents to contribute to a phenomenal 47 per cent rise over a year.
OPINION: Time to 'fess-up on our climate record
2 Dec 2020
Following today's planned climate emergency declaration, New Zealand will have to face up to the fact it has one of the worst climate records of industrialised nations.
NZ to push carbon trade deal to Europe and UK
30 Nov 2020
Joining a New Zealand-led trade pact on climate change could be more effective than putting up trade barriers on carbon, New Zealand will tell Europe and the United Kingdom.
Norway hikes cash for rainforests, seeking corporate help to slow losses
26 Nov 2020
Norway is doubling the price it guarantees developing nations to keep their tropical forests standing, in a step to slow catastrophic losses and encourage big companies to invest far more in nature to combat climate change.
Dairy company says it's well on the way to measuring farm emissions
25 Nov 2020
Fonterra is optimistic it will find a way to accurately measure the amount of greenhouse gas emissions being produced by each dairy farm in time to meet a Government deadline of 2022.
Carbon-pricing rises as world's weapon of choice in climate fight
25 Nov 2020
Can you put a price on pollution? Some of the world's biggest economies are doing just that as they wrestle with how to make good on grand pledges to tame planet-warming emissions.
Ardern talks climate with Biden and farmers
24 Nov 2020
Prime Minister Jacinda Ardern says the Government is pressing ahead at home and abroad with action on climate change.
FRIDAY POLITICS: Border tariffs on Govt's to-do list
20 Nov 2020
Carbon tariffs at the border are on the Government's agenda this term to protect the country’s steel, aluminium and cement industries as they decarbonise.
Big prices but little supply in NZ carbon market
19 Nov 2020
Carbon prices are continuing to climb, with sellers now seeking up to $35.90 for spot NZUs.
Upton, Parker - Nats stopped the ETS working
17 Nov 2020
New Zealand’s failure to seriously address its emissions problem through the 2010s has come under fire from two politicians whose attempts to effectively price carbon were thwarted by National Governments.
EU urged to strengthen ETS
16 Nov 2020
A strengthened emissions trading scheme will be vital to drive further carbon dioxide reductions in the European Union as the bloc discusses an increase of its 2030 climate target, policymakers say.
Shaw talking tough on carbon budgets
12 Nov 2020
The Climate Change Commission could be given the ability to manage carbon prices if its carbon budget recommendations are not followed by politicians, the climate minister says.
Carney calls for credible voluntary carbon market
12 Nov 2020
United Nations special envoy and former Bank of England Governor Mark Carney wants stronger quality control on voluntary carbon markets to meet growing business demand.
WORTH NOTING ...
12 Nov 2020
Day two of the Climate Change and Business Conference is in Auckland today sees environment minister David Parker fronting up, as well as a discussion on what changes to the Emissions Trading Scheme mean for carbon prices.
'It's time,' Taylor says ahead of climate event
11 Nov 2020
Environmental Defence Society chief executive Gary Taylor is more optimistic about action on climate change than he has ever been.
Scientists, doctors sound warning for farmers
6 Nov 2020
Emissions from food production alone could sink the world’s chances of meeting the Paris Agreement, scientists are warning in research with major implications for New Zealand.
Energy sector ripe for govt emissions targets
3 Nov 2020
The Government appears to have emissions from energy in its sights as it seeks to finally make real cuts in the country's emissions.
Govt looking again at reserve price for auctions
2 Nov 2020
Climate minister James Shaw is seeking new advice from officials on including a technical reserve price in the new carbon-auctioning regime.
New Govt unlikely to cut farmers more slack
2 Nov 2020
Speculation the Government may go soft on agricultural emissions without the Green Party in Cabinet ignores Labour’s track record on the issue.
Resolve carbon market dispute to step up ambition, says UK
2 Nov 2020
Countries have a collective responsibility to agree on common rules for a global carbon market, to drive greater climate ambition beyond 2021, says the United Kingdom's lead climate negotiator.
FRIDAY POLITICS: We'll know by Sunday
30 Oct 2020
We should know on Sunday whether James Shaw will remain the country’s climate minister.
New threat to prices from Govt auction
28 Oct 2020
The Government’s decision to auction large amounts of carbon credits without a technical reserve price in place poses a new downside risk to prices, warns the founder of one of New Zealand’s carbon-trading platforms.
FRIDAY POLITICS: A potentially costly hole in the Government's carbon-auctioning plan
23 Oct 2020
Green Party co-leader James Shaw is still in the running to retain his role as the country’s climate minister – but that might mean clearing up a bit of a mess of his own making.
NZX wants 'efficient' links to secondary market
22 Oct 2020
The Government’s new carbon-auctioning site could be connected to platforms in the secondary market.
First deal done under Paris Agreement to offset emissions
22 Oct 2020
Switzerland has struck a carbon offsetting agreement with Peru, in what the two nations say is the first deal of its kind under Article 6 of the Paris agreement.
Carbon auctioning platform operator revealed
21 Oct 2020
NZX has won the right to set up and operate the Government’s carbon-auctioning platform.
Election has little impact on carbon markets
20 Oct 2020
Carbon markets have barely reacted to the general election, which returned Labour to power with an absolutely majority and arguably an endorsement of its actions on climate change.
The four who could be our next climate minister
19 Oct 2020
Who will be New Zealand’s next climate minister? Carbon News canvasses the options and comes up with four names.
Delivering credit for carbon storage
19 Oct 2020
In 1915, Mike Gibbs’ ancestors made their way from the flat, agricultural plains of Southland to the wild, steep, forested edge of Eastern Fiordland.
Carbon tariffs for steel, aluminium, on the table
16 Oct 2020
A new Labour Government could bring in carbon tariffs at the border, says Trade Minister David Parker.
AGRICULTURE: Sage confirms Cabinet vetoed carbon pricing from next year
16 Oct 2020
Climate Minister James Shaw tried to put a price on greenhouse gas emissions from agriculture from next year, according to fellow Green Cabinet minister Eugenie Sage.
National releases its climate policy - at last
15 Oct 2020
Forestry's role under the Emissions Trading Scheme would be reviewed under a National Government and agricultural emissions would not face a carbon price until other countries do the same.
US could adopt carbon tax under a Biden presidency, ex-Fed chair says
9 Oct 2020
Former Federal Reserve Chair Janet Yellen said bipartisan concern over climate change could see the United States adopt a tax on carbon emissions, with the proceeds shared with households, if Democrat Joe Biden is elected president in November.
Ministry mum on who will run carbon auction
7 Oct 2020
New Zealand’s first auction of carbon credits will take place on March 17, but there is no word yet on who will be running it.
The young and Green voters still hot on climate
6 Oct 2020
Climate change remains the country’s biggest issue for young voters, despite the covid-19 pandemic, a new independent political poll shows.
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.
