Topics tagged with 'Emissions trading'
European carbon slumps to two-year low
30 Jun 2016
European carbon hit a two-year low overnight as Brexit jitters continue to worry the market.
Price floor or perish, experts tell European market
28 Jun 2016
Europe’s carbon market faces ruin without a price floor, an international think-tank says.
EU carbon prices struggle to hold ground
28 Jun 2016
European carbon prices tried and failed to rally last night in the wake of Britain’s vote to leave the European Union.
How British exit could affect our carbon market
27 Jun 2016
New Zealand carbon prices could be affected by Britain’s vote to leave the European Union.
Officials tell why we need a carbon price floor
23 Jun 2016
A carbon price floor would be challenging but would give businesses certainty and guarantee foresters a price that made planting trees worthwhile, officials told the Government.
Carbon market history, chapter five
23 Jun 2016
The role of carbon funds in the growth of the carbon market is the subject of the fifth chapter of IETA’s oral history of the carbon market, From Kyoto to Paris.
NZ unlikely to use banked credits, says minister
22 Jun 2016
The Government is unlikely to use New Zealand’s banked carbon credits to make-good on hot-air credits we have already surrendered internationally, a Parliamentary select committee has heard.
Bennett vows to hold carbon price at $25
21 Jun 2016
New Zealand’s carbon price cap will not rise above $25 for a long time – but neither will it go down, Climate Change Minister Paula Bennett has told a select committee.
More want climate action now than before carbon tax
20 Jun 2016
By DEBORAH COTTON | In April 2011, not long after Julia Gillard was returned to power in the 2010 federal election, I asked a representative sample of Australians about their attitudes to climate policy.
Blow to carbon markets if Britain leaves Europe
17 Jun 2016
A “yes” Brexit vote would leave a large pro-market void in Brussels and will hold back the development of international carbon markets, the International Emissions Trading Association is warning.
Chapter 4 out now
17 Jun 2016
It’s time for the fourth chapter of the International Emissions Trading Association’s series on the development of carbon markets – and this time it’s about the Clean Development Mechanism.
Carbon should trade in limited range, says forester
15 Jun 2016
New Zealand’s carbon prices should be kept within a band of $15 to $50, says a forestry company that has played a leading role in developing the carbon market.
Paris agreement needs carbon prices to be coordinated
15 Jun 2016
The Paris climate agreement was an important success for climate diplomacy as nation states showed a strong will to cooperate on climate action.
Carbon story part three out now
9 Jun 2016
Are you ready for the next instalment in the story of the birth of the world’s carbon markets?
Carbon price up 10.9% since subsidy dumped
3 Jun 2016
Carbon prices have climbed 10.9 per cent in the week since the phase-out of the one-for-two subsidy was announced.
Washington revises carbon trading plan
2 Jun 2016
Washington state has published a revised plan for an emissions trading scheme, targeting a 1.7 per cent annual reduction in emissions from industrial and electric power installations.
CLIMATE CO-OP: Welcome to Coalition of the Willing
1 Jun 2016
The announcement yesterday of a formal working relationship between the Labour and Green parties is a potential turning-point in New Zealand’s battle to adapt to climate change.
YES! We have ideas ... lots of them
1 Jun 2016
The organisers of yesterday’s Yes We Can! seminar on how to transition the New Zealand energy system to a low-carbon future have got a good problem – too many ideas.
OFF TARGET: Carbon over-shoot could cost billions
30 May 2016
Officials warned the Government that New Zealand was at risk of over-shooting its 2030 emissions reduction target by 150 million tonnes – due largely to subsidies to emitters and a stockpile of privately held carbon units.
More work still needed on ETS, say foresters
30 May 2016
Phasing out the one-for-two carbon subsidy is a step in the right direction, but more needs to be done to get the Emissions Trading Scheme working - including bringing agriculture in - says the Wood Council.
BUDGET BOOST: Carbon crashes through $15 barrier
27 May 2016
Carbon has hit the magic $15 mark this morning on the back of the Government’s Budget announcement on the Emissions Trading Scheme.
What they said ...
27 May 2016
Budget – what they said on the removal of the one-for-two carbon subsidy:
BUDGET 2016: One-for-two goes but price cap stays
26 May 2016
The one-for-two subsidy to emitters will be phased out from January, but the $25 price cap and the allocation of free credits to trade-exposed heavy emitters are staying, the Government has just announced in the Budget.
NATS' 19%: Bennett blames population growth
26 May 2016
New Zealand’s net greenhouse gas emissions have gone up 19 per cent under the National Government – and Climate Change Minister Paula Bennett is blaming population growth.
New report sees world of expanding carbon markets
26 May 2016
Carbon markets will expand on the back of the Paris Agreement, and carbon prices will need to rise to between $50 and $66 for the world to meet the climate change agreement’s goals, a new survey says.
Now hear this ...
26 May 2016
If the development of international carbon markets is your idea of a good story, settle back with your headphones and listen to this.
ELECTION 2016: Climate politics off to a chilly start
23 May 2016
One week into Australia's extended federal election campaign, climate has not featured prominently.
I agree this is serious, Bennett tells scientists
20 May 2016
A group of scientists and other prominent New Zealanders has had a reply to a letter accusing the Government of an “indefensible” lack of leadership on climate change.
Go-ahead Ontario adopts carbon trading scheme
19 May 2016
The Canadian province of Ontario is going carbon trading.
ETS ANSWERS: Three ways to make it work
17 May 2016
Bringing agriculture into the Emissions Trading Scheme, setting an emissions cap, and building cross-party support to cut emissions and lift carbon prices should all be part of the ETS review, says one of its architects.
Coal-free SA could fill the gap with batteries
17 May 2016
South Australia’s last coal-fired power station closed last week, leaving the state with only gas and wind power generators.
Forest carbon storage risky, warns thinktank
12 May 2016
Storing carbon in forests is risky and should be used to meet no more than a fifth of New Zealand’s emissions reductions, says a group of prominent scientists and other New Zealanders.
How a global carbon price will bring emissions down
11 May 2016
International carbon trading and a single global carbon price will drive deeper emissions cuts than those promised by countries under the Paris Agreement, a new report says.
Record numbers of NZUs on the move
10 May 2016
More NZUs have moved through the Emissions Unit Registry in the past two months than at any time in the history of the Emissions Trading Scheme.
Australia delays ETS report till after election
10 May 2016
The release of the results of a review into whether Australia should have an emissions trading scheme is being delayed until after that country’s general election in July, prompting suggestions of political interference.
Wary forest investors watch climbing carbon price
6 May 2016
Gun-shy forest investors are watching with interest as carbon creeps up to the magic $15 mark, but they’ll need at least another $3 a tonne to make up for the political risk of investing in carbon forestry, the industry says.
CREDITS CRUNCH: We'll need millions of international units
5 May 2016
New Zealand is likely to need up to 220 million international credits to meet its 2030 emissions reduction target because even a domestic carbon price of $300 a tonne is unlikely to drive enough domestic emissions cuts, the Government says.
Make ETS like a market, says our biggest emitter
3 May 2016
New Zealand’s largest emitter of greenhouse gases says that carbon trading needs to be automated and standardised.
Busy Bennett draws up climate to-do list
3 May 2016
Higher carbon prices, scrapping the one-for-two, and a detailed plan to decarbonise the New Zealand economy are on Climate Change Minister Paula Bennett’s to-do list.
Government might not carry over units
3 May 2016
The Government might not carry any carbon units over after 2020.
Run carbon prices like the dollar, says academic
2 May 2016
Carbon prices should be managed like the Reserve Bank manages the value of the New Zealand dollar, a submission on the Emissions Trading Scheme is recommending.
Morganites want moratorium on free credits
2 May 2016
A think-tank which has strongly criticised New Zealand’s use of hot-air credits is now calling for a one-year moratorium on the allocation of free credits to trade-exposed heavy emitters.
Officials eye pile of ETS submissions
2 May 2016
Government officials are today working their way through a large stack of submissions on the technical aspects of the Emissions Trading Scheme.
We've got 10,000 stories ... and a special deal for you
29 Apr 2016
Today we publish our 10,000th story – and to celebrate, we’re offering a one-day-only special on subscriptions.
CLIMATE CRISIS: Why English must act on costs
29 Apr 2016
Finance Minister Bill English must investigate the fiscal implications of climate change, says the Parliamentary Commissioner for the Environment.
Watchdog wants answers to solar questions
29 Apr 2016
The Parliamentary Commissioner for the Environment is investigating whether the uptake of solar panels really will cut New Zealand’s greenhouse gases.
Fewer car parks, greener cities, says commissioner
29 Apr 2016
Getting rid of requirements for minimum numbers of car parks with apartment developments could be one practical step toward greening New Zealand’s cities, says the Parliamentary Commissioner for the Environment.
Deadline nears for Stage 2 of ETS review
29 Apr 2016
Submissions on the second stage of the Emissions Trading Scheme review close tomorrow.
MEMO MINISTER: How to do it the Morgan Way
29 Apr 2016
The Morgan Foundation is keeping up the pressure on the Government over the use of hot-air carbon credits.
Climate progress slowing, says Auckland councillor
Thu 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.
Fed Farmers launches campaign against carbon forestry
Fri 6 Jun 2025
By Liz Kivi | Federated Farmers has launched what they are calling the ‘Save Our Sheep’ campaign, blaming carbon forestry for declining sheep numbers and calling on the government to urgently review the Emissions Trading Scheme.
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.
Microplastics found in sand on dozens of NZ beaches
Wed 4 Jun 2025
Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.
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.
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.
Global energy investment set to hit record $3.3 trillion in 2025, IEA says
Fri 6 Jun 2025
A surge in clean energy spending is expected to drive a record $3.3 trillion in global energy investment in 2025, despite economic uncertainty and geopolitical tensions, the International Energy Agency said on Thursday.
Carbon price too low to fund carbon capture
20 May 2025
The government’s climate target to 2030 is at risk, after revelations that a carbon capture project which the government was relying on to deliver one third of its carbon reductions, might not go ahead.
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.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Common low-grade clay strengthens low-carbon concrete
Thu 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.
Gas supply reducing faster than forecast
Thu 5 Jun 2025
By Liz Kivi | Gas reserves have reduced 27% as of 1 January 2025 compared to last year, according to data released today by the Ministry of Business, Innovation and Employment.
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
Fri 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.
Oceans Commission must have teeth – minister
14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Biochar's negative emissions tech coming to Fieldays
Fri 6 Jun 2025
Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.
Vanuatu criticises Australia for extending gas project while making COP31 bid
Wed 4 Jun 2025
Vanuatu’s climate minister has expressed disappointment over Australia’s decision to extend one of the world’s biggest liquefied natural gas projects and said it raises questions over its bid to co-host the COP31 summit with Pacific nations.
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.
How the little-known ‘dark roof’ lobby may be making US cities hotter
Fri 6 Jun 2025
As cities heat up, reflective roofs could lower energy bills and help the climate. But dark-roofing manufacturers are waging a quiet campaign to block new rules.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
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?
Tue 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.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
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.
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.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
Thu 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.
Top ocean experts sound the alarm over growing marine crisis due to climate change
Fri 6 Jun 2025
On the opening day of a global science conference, French fishery scientist Clea Abello presented research showing that marine protected areas could protect commercially valuable fisheries.
Tech alone won’t save us, warns climate expert
Wed 4 Jun 2025
By Shannon Morris-Williams | Technology alone won't be enough to reach net zero emissions, environmental psychologist Lorraine Whitmarsh told the Carbon and Energy Professionals conference in Auckland last week.
New research reveals NZ’s natural resource footprint
29 May 2025
Media release | New research from the office of the Parliamentary Commissioner for the Environment reveals that about 107 million tonnes of natural resources were required to produce the goods and services consumed by New Zealanders in 2019 – approximately 21 tonnes per person on average.
NZ's first chance in 20 years to catch up on waste
30 May 2025
Media release | The government has announced proposals for updating the Waste Minimisation Act and the Litter Act. For the first time in nearly 20 years, Kiwis have a chance to catch up with other countries to reduce our waste and litter.
Dismissals 'massive win' for climate movement
13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
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.
UK’s solar power surges 42% after sunniest spring on record
Fri 6 Jun 2025
The UK’s solar farms and rooftops generated more electricity than ever before in the first five months of 2025, as the country enjoyed its sunniest spring on record.
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".
US: Clean energy project cancellations top $14 Billion so far in 2025
Wed 4 Jun 2025
Businesses have pulled the plug on big projects amid Trump’s retreat on climate action. But plenty remain in the pipeline, awaiting a Congressional decision on tax credits.
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
Tue 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.
Europe’s next climate target may already have been agreed in Berlin
28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
Water crisis on the horizon?
26 May 2025
Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.
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.
