Topics tagged with 'Emissions trading'
NZ and Viet Nam sign up to cooperate on climate
3 Mar 2025
New Zealand has signed a partnership agreement with Viet Nam, including a Memorandum of Arrangement on climate change cooperation aiming to strengthen cooperation on adaptation and mitigation, including carbon markets.
Watts tells farmers billion dollar cost of climate commitments is 'misinformation'
27 Feb 2025
Greenpeace has slammed climate change minister Simon Watts for saying that New Zealand does not have to meet climate targets under the Paris climate agreement.
Updates to ETS auction collateral methodology
27 Feb 2025
The Government has updated the NZ ETS Auctions collateral methodology effective from 19 March 2025.
Carbon capture framework coming
24 Feb 2025
The government wants to bring carbon capture and storage into the Emissions Trading Scheme, with plans to introduce legislation for a Carbon Capture, Utilisation and Storage framework this year.
Will March's carbon auction clear?
24 Feb 2025
With carbon prices on the secondary market trading in a tight range below the minimum auction price, it seems increasingly unlikely that March's Emissions Trading Scheme auction will clear.
Genesis stocks up on coal
18 Feb 2025
Genesis Energy is prepared to burn up to 1.2 million tonnes of coal at Huntly Power Station this winter.
Secondary market remains flat as carbon auction approaches
14 Feb 2025
With the first carbon auction of the year just over a month away, one broker is predicting trading will continue at prices below this year's $68 auction floor price.
Exporters need to step up to meet new EU carbon tax requirements
7 Feb 2025
Kiwi exporters who invest in complying with the EU's carbon tax reporting will be at a competitive advantage, according to MFAT.
Commission calls for review of free carbon credits for big polluters
5 Feb 2025
The Climate Change Commission is recommending a review of free permits to big polluters under the ETS.
Foresters drop legal action over ETS fees
4 Feb 2025
Forestry minister Todd McClay has welcomed the sector's decision to drop legal action to fight new Emissions Trading Scheme fees.
Carbon price up - but still too low to drive decarbonisation
24 Jan 2025
Carbon prices on the secondary market went above the $64 mark yesterday for the first time since December’s partial auction clearance.
Emissions trading scheme surplus over-estimated, says EY
20 Dec 2024
The emissions trading scheme has about 22% fewer surplus units than government figures suggest, according to a new report.
Waitangi Tribunal kicks off inquiry into climate change policy
20 Dec 2024
By Liz Kivi | The Crown has contributed to worsening the climate crisis as well as exacerbating impacts on Māori communities, a Waitangi Tribunal panel heard this week.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
What should carbon offsets really cost?
20 Dec 2024
By Jamie Heather | COMMENT: Today’s carbon prices would seem absurd in any other context.
NZ submits first Paris Agreement progress report
19 Dec 2024
New Zealand has submitted its first report to the UN on how the country is tracking towards its international climate target to 2030 under the Paris Agreement.
Govt seeks partnerships to plant trees on Crown-owned-land
19 Dec 2024
Media release | The Government has released a request for information (RFI) to seeking interest in partnerships to plant trees on Crown-owned land with low farming and conservation value (excluding National Parks) Forestry Minister Todd McClay announced.
Methanexit? New report reveals risk of subsidising gas price hikes
16 Dec 2024
Media release | A dry winter in 2025 or beyond could enable our largest gas user – Canadian company Methanex – to push up gas and electricity prices, according to a new report, titled “Methanexit: should NZ be subsidising our largest gas user?”
Second emissions reduction plan still off-track
11 Dec 2024
The government has released its final emissions reduction plan for 2026-30, copping criticism for relying on unproven technology such as carbon capture and storage, as well as failing to meet crucial climate targets.
Carbon price dips as dust settles after auction
10 Dec 2024
The carbon price has taken a dive since last week’s auction, down more than 6% on last week’s auction price.
Dame Patsy Reddy appointed Climate Change Commission chair
9 Dec 2024
Dame Patsy Reddy has been appointed the new chair of the Climate Change Commission, Climate Change Minister Simon Watts announced this morning.
Green Party releases alternative climate plan
9 Dec 2024
The Green Party wants to take forestry out of the Emissions Trading Scheme and instead create biodiversity credits for afforestation.
Why rich countries are ‘reluctant’ on coal-to-clean deals
9 Dec 2024
UK and German officials have said there will likely be no more Just Energy Transition Partnerships, as the focus shifts to “country platforms” instead.
Govt to partner with private sector planting trees on Crown land
6 Dec 2024
Cabinet has agreed to look at public-private partnerships to plant trees on low value Crown land, in a move the government says will support New Zealand’s climate change targets and create more jobs.
Changes to limit ETS forestry will have 'dire consequences' - foresters
5 Dec 2024
Foresters say that new rules limiting farm to forestry conversions under the Emissions Trading Scheme are set to have dire consequences for forest growers as well as for the country’s ability to meet climate targets.
Carbon price steady following partial auction clearance
5 Dec 2024
The carbon price stayed steady on the secondary market following yesterday’s partial auction clearance, where 7 million NZUs went unsold.
No excuse to not slash climate pollution – Carr
5 Dec 2024
Outgoing Climate Change Commission chair Rod Carr says every sector faces challenges in reducing its contribution to greenhouse gas emissions, and New Zealand is not unique in its barriers.
Final auction of the year partially clears
4 Dec 2024
More than 7 million pollution permits will fail to enter the register this year, with just under half of a possible 14.1 million units selling across all the Emissions Trading Scheme carbon auctions this year.
Auction preview: experts predict partial clearance tomorrow
3 Dec 2024
The secondary carbon market is trading just above the $64 auction floor, as tomorrow’s highly anticipated auction looms - the fourth and final of 2024.
Pacific Youth hope historic hearing in the Hague delivers climate justice where COP did not
3 Dec 2024
Media release | Save the Children is urging world leaders to heed the call of Pacific children and young people as a landmark action to clarify states’ obligations to tackle the climate crisis gets underway before the International Court of Justice.
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.
Govt passes bill to keep farming emissions out of ETS
25 Nov 2024
The government quietly passed a bill to remove agricultural emissions from New Zealand's Emissions Trading Scheme on Friday, making no official statement announcing the law change.
Complex Article 6 rules pave way to unruly carbon markets
25 Nov 2024
Media release | Despite the best efforts of activists and some climate negotiators, the agreement reached on Article 6 carbon markets at COP29 in Baku risks facilitating cowboy carbon markets at a time when the world needs a sheriff.
Partial clearance possible at December auction
22 Nov 2024
The carbon price is hitting up against the $64 auction floor on the secondary market, with the government’s final quarterly auction for the year now less than two weeks away.
Minister at fraught summit as NZ downgraded in global climate rankings
21 Nov 2024
Climate change minister Simon Watts reaffirmed his commitment to New Zealand’s emission reduction targets at the global climate summit at the same time as the country was downgraded in global climate rankings.
Carbon tax best for lower emissions, economy – study
21 Nov 2024
A carbon tax is the most effective way for New Zealand to cut emissions while supporting a stable economy, according to a University of Auckland study.
Delaying agricultural emissions pricing comes with a cost
20 Nov 2024
Holding back on agricultural emissions pricing could cost New Zealand hundreds of millions more in future offshore climate mitigation.
Govt opens consultation on next international climate target
20 Nov 2024
The government has opened public consultation on its international climate change target, which needs to be set by February 2025.
New carbon market rules could lock out forestry
19 Nov 2024
By Liz Kivi | New carbon market rules negotiated at the United Nations climate summit could have negative consequences for carbon forestry in New Zealand, experts are warning.
Will govt consult the public over climate target?
15 Nov 2024
The government seems to be planning to limit public consultation around its next international climate target, which must be set by early February.
Carbon price predicted to rise after upcoming auction
14 Nov 2024
OPINION: Are NZUs set for a bump after the December auction? Nigel Brunel, managing director Marex New Zealand, thinks so.
Zero chance NZ pulls out of climate agreement: Upton
13 Nov 2024
If Donald Trump pulls the United States out of the Paris Agreement, it’s not likely other countries such as New Zealand will follow, according to Parliamentary Commissioner for the Environment Simon Upton.
Critics say approval of ‘climate credits’ rules on day one of COP29 was rushed
13 Nov 2024
Agreement on rules paving way for rich countries to pay for cheap climate action abroad breaks years-long deadlock.
NZ experts on UN climate conference
12 Nov 2024
With the United Nations’ major climate summit kicking off in oil-rich Azerbaijan, New Zealand’s climate policy experts are divided over the value of the meeting.
Govt accused of kicking can down the road on ag emissions
12 Nov 2024
The Climate Change Response (Emissions Trading Scheme Agricultural Obligations) Amendment Bill completed its second reading in Parliament with Opposition parties saying it was a step backwards.
NZ can do better on climate policy, says auditor general
8 Nov 2024
New Zealand’s legislative framework is a strength of its response to climate change, however it is not doing so well in other areas, according to a new report.
Constraints on forestry set to slash unit supply
8 Nov 2024
COMMENT: Carbon unit supply from forestry looks set to be limited by multiple factors - and by 2040 NZUs from new forestry are likely to fulfill only a fraction of demand, writes Ollie Batelier-Belton.
Media round-up
8 Nov 2024
In our weekly round-up of climate coverage in local media: Tensions flare over ETS forestry on the Chatham Islands; MPI questions the Climate Commissions native forestry targets; and extreme weather is costing vulnerable island nations billions.
Carbon price inching up as auction looms
7 Nov 2024
The carbon price is still inching up towards the auction floor, with the final auction for 2024 less than a month away. But the US election result means uncertain times for global environmental markets, according to an expert.
Carbon markets could boost climate action in least developed countries
6 Nov 2024
Media release | UNCTAD’s Least Developed Countries Report 2024 highlighted on Monday that the group of 45 least developed countries (LDCs) could use carbon market projects to enhance climate action by offsetting the buyers’ emissions at improved rates which will allow more investment.
How flying can be a climate solution
Today 10:45am
By Paul Callister and Robert McLachlan - Planetary Ecology | How can aviation contribute to tackling climate change when no practicable technology-based solutions are on the horizon?
Forestry consents and relaxed rules in erosion zones sow seeds of future disaster
Fri 13 Jun 2025
OPINION: The government’s move to restrict exotic forestry on our best food-growing soils will push even more forestry investment onto high erosion risk land on the East Coast, with the worst land becoming the only land left for the most intensive and destructive land use, writes Manu Caddie
Greenwashing is rife in Australia, but could its days be numbered?
28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Help sustainable aviation fuels take off or delay targets, airlines warn EU
20 May 2025
Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.
'Time is right' for nature credits
Fri 13 Jun 2025
Media release | Sanctuary Mountain Maungatautari and Ekos are thrilled to be partnering with central government on the development of a voluntary Nature Credits Market pilot programme, announced by Associate Minister for the Environment Andrew Hoggard yesterday.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
Carbon auction odds-on to fail
Fri 13 Jun 2025
By Liz Kivi | The carbon price has rallied slightly in recent weeks, however with secondary market prices still hovering around the $57 mark, well below this year’s $68 auction floor price, next week’s Emissions Trading Scheme auction looks set to fail.
World leaders’ failure to act is pushing Earth past 1.5°C
Today 10:45am
Based on mounting evidence, some scientists now fear we’ve entered a new era of the climate emergency, characterized by accelerated warming and amplified disasters.
Govt mulls status quo for ETS auction settings
29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
China's approvals of coal power plants grow after 2024 decline
Wed 11 Jun 2025
China approved 11.29 gigawatts of new coal power plants in the first three months of 2025, already exceeding the 10.34 GW approved in the first half of 2024.
A credible UN carbon market needs rules that count – we’ve just set them
Wed 11 Jun 2025
COMMENT: The broad standards for a more ambitious market are now in place. But without a steady flow of investment, this progress will remain largely on paper.
Common low-grade clay strengthens low-carbon concrete
5 Jun 2025
Media release | Engineers at RMIT University have converted low-grade clay into a high-performance cement supplement, opening a potential new market in sustainable construction materials.
Cuts to climate finance put exports in jeopardy: Lawyers
23 May 2025
By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.
Electric firebricks: decarbonising high-temperature industrial heat
Fri 13 Jun 2025
By Ian Mason | A new technology could offer a more cost-effective solution than hydrogen to decarbonise one ‘hard-to-abate’ sector of New Zealand’s economy, as well as having ample potential for demand response as the electricity grid becomes more renewable.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Extreme ocean warming engulfed South-West Pacific in 2024
6 Jun 2025
By Shannon Morris-Williams | Unprecedented ocean warming engulfed the South-West Pacific in 2024, with extreme heat and rainfall causing deadly and devastating impacts and sea level rise threatening entire islands.
Government undermines regional powers to protect coastal biodiversity
Today 10:45am
Media Release | The Environmental Defence Society opposes the Government’s decision to press ahead with amendments to the Resource Management Act that severely curtail the ability of regional councils to manage the impacts of fishing on coastal marine biodiversity.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
Fri 13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
Labor accused of ‘gaslighting’ Australians on climate crisis as fossil fuel projects keep getting approved
9 Jun 2025
‘They offer sympathy and then just go and approve massive fossil fuel projects anyway,’ one advocate says.
Watts talks big on energy reform, but barriers persist
29 May 2025
By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.
Electrification challenge for politicians, regulators
27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
As methane climate impacts soar, NGOs, scientists, and advocates launch campaign to 'pull the methane emergency brake'
Fri 13 Jun 2025
Media release | International NGOs, scientists, and climate advocates are launching a global campaign calling for deep, rapid, mandatory cuts in methane emissions as the best way to lower near-term global temperature rise.
Govt uses climate change as ‘Trojan horse’ for other objectives
Tue 10 Jun 2025
By Shannon Morris-Williams | The Waitangi Tribunal has heard that the New Zealand Government’s international trade and investment agreements are failing to meet Tiriti o Waitangi obligations in the context of climate change – prioritising commercial interests while sidelining Māori rights and worldviews.
Methanex closure comes early this year
14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
What happened to the hydrogen economy?
3 Jun 2025
The hydrogen car that was supposed to carry us into a cleaner future is still not in the driveway. In fact, outside of a few test markets, it’s not in anyone’s driveway.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
Legal experts sue Climate minister over ‘glaring holes’ in climate plan
Wed 11 Jun 2025
By Liz Kivi | Legal experts are taking the government to court over its Emissions Reduction Plan, alleging it fails to fulfil basic requirements of the law – with one of the arguments focussing on an over-reliance on tree-planting.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
30 May 2025
By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
Carbon News launches price index
24 Jun 2024
Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.
Tribunal asked to halt seabed mine fast-track
Today 10:45am
By Craig Ashworth, Local Democracy Reporter | South Taranaki hapū want the Waitangi Tribunal to halt a fast-track bid to mine the seabed off Pātea.
Foresters baulk at restrictions, land ballots
Wed 11 Jun 2025
By Liz Kivi | Forestry groups say that new legislation will introduce further uncertainty for planting plans and poses a threat to climate targets.
Ocean current ‘collapse’ could trigger ‘profound cooling’ in northern Europe – even with global warming
Fri 13 Jun 2025
A “collapse” of key Atlantic ocean currents would cause winter temperatures to plunge across northern Europe, overriding the warming driven by human activity.
Fight over coal mine heats up
30 May 2025
Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.
Microplastics found in sand on dozens of NZ beaches
4 Jun 2025
Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.
Legislation introduced to restrict farm-to-forest conversions
Tue 10 Jun 2025
Agriculture and Forestry Minister Todd McClay has today introduced a bill to Parliament that he says will put a stop to large-scale farm-to-forestry conversions.
Israel deports activist Greta Thunberg after military seized Gaza Freedom Flotilla ship
Thu 12 Jun 2025
Israel deported activist Greta Thunberg on Tuesday, the country's Foreign Ministry said, a day after the Gaza-bound ship she was on with 11 other people was seized by the Israeli military.
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.
Could Queenstown become the world’s most electric city?
Wed 11 Jun 2025
By Shannon Morris-Williams | Queenstown is set to become the focus of an ambitious initiative aiming to transform it into the world’s most electrified destination.
Climate progress slowing, says Auckland councillor
5 Jun 2025
By Shannon Morris-Williams | The devastating cyclone that tore through Tāmaki Makaurau in 2023 left behind more than just broken infrastructure, sparking calls to focus on facts over ideology in the fight against climate change.
Green budget 'ludicrous la-la land' – govt
15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
Biochar's negative emissions tech coming to Fieldays
6 Jun 2025
Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.
“It’s not the car – it’s how we move” – EECA
3 Jun 2025
By Shannon Morris-Williams| New Zealand’s transport emissions conversation has focused heavily on electric vehicles – but Richard Briggs, group manager, delivery and partnerships at the Energy Efficiency and Conservation Authority, says we’re asking the wrong question.
Rapid action vital following UN Ocean Conference – experts
Thu 12 Jun 2025
New Zealand-based experts are calling for rapid and transformative action to restore nature - and our relationship with it - at the third UN Ocean Conference in France this week.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
5 Jun 2025
By Shannon Morris-Williams | Proposed changes to New Zealand's waste legislation risk undermining public trust in the waste levy scheme, according to Parliamentary Commissioner for the Environment Simon Upton.
Govt's RMA overhaul sparks fears for nature and climate
30 May 2025
By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.
Tropical forest loss hit new heights in 2024; fire a major driver in Latin America
23 May 2025
Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.
For the first time, China invests more in wind and solar than coal overseas
29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
