Topics tagged with 'Emissions trading'
Greens slam Government for climate failures
6 Jul 2016
The Government is failing to prepare New Zealand for the impacts of climate change – and has slashed millions of dollars of funding for domestic policy advice on the issue, the Green Party says.
ETS changes you might not know about ...
4 Jul 2016
The public attention might be on the Government’s review of the Emissions Trading Scheme. But behind the headlines other, quiet, changes are being made.
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.
New Zealanders losing ambition on climate change: Ipsos
Wed 20 May 2026
By Pattrick Smellie | New Zealanders’ belief that their government has a plan to combat climate change has taken another serious hit in the latest poll of 31 countries by global research firm Ipsos.
Six NZ climate solutions up for 2026 Earthshot prize
Today 11:30am
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.
$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 has 'maybe six weeks of jet fuel left', energy boss warns
20 Apr 2026
Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week.
Govt unveils long-awaited voluntary carbon market guidance
Fri 15 May 2026
By Shannon Morris-Williams | The Government has released long-awaited guidance for New Zealand’s voluntary carbon and nature markets, as questions continue for the sector despite ministers signalling support for its growth.
Biomass sector asks: where did the love go?
Mon 18 May 2026
By Pattrick Smellie | New Zealand has sufficient biomass in its plantation forests to replace natural gas for industrial process heat at lower costs than electrification, but is failing to get the attention it deserves, sector leaders say.
Carbon News updates forward curve
13 May 2026
Carbon News has updated its ten-year NZU forward curve, following a recent rise in spot market prices, with NZUs rallying from about $34 in January to nearly $54 in early May.
UN members reinforce nations' climate change obligations
Today 11:30am
The United Nations General Assembly on Wednesday adopted a resolution reinforcing states' obligations to combat climate change, a long-awaited move toned down under pressure from major greenhouse gas emitters.
Drop in ETS forestry registrations
5 May 2026
By Liz Kivi | ETS forestry registrations have dropped off this year, with the new mandatory emissions return period, new land-use rules, and carbon price volatility all meaning participants aren’t rushing to register forestry in the emissions trading scheme.
Hipkins pans LNG plan as ‘massive step backwards’
Tue 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.
Tairāwhiti deserves better than weakened forestry rules
5 May 2026
OPINION: The government's proposed amendments to forestry standards, released yesterday, ignore the hard lessons learned in our region and ignore the voices that have fought hardest to protect it, writes Manu Caddie.
Green building council calls for clean energy policies
Mon 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.
New solar farm to boost West Coast energy security
Today 11:30am
Construction has begun on a new 13.5MW solar farm in Reefton, with developer Lightyears saying the project will help strengthen electricity security on the West Coast and support future regional growth.
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.
Are hailstones getting bigger due to climate change?
Today 11:30am
Scientific studies suggest that a warmer climate does not necessarily lead to more frequent hail, but rather to more severe hailstorms with larger hailstones.
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.
Govt presses ahead with forestry rule changes despite opposition
14 May 2026
By Shannon Morris-Williams | The Government is pushing ahead with changes to commercial forestry rules despite most submitters opposing the proposals, with critics warning the reforms will weaken councils’ ability to manage erosion and forestry slash risks in vulnerable regions such as Tairāwhiti.
Iran war pushes Portugal to halve fossil fuel use over next 10 years
Wed 20 May 2026
Lisbon fast-tracks plans after the Iran war caused oil and gas costs to soar, Energy Minister Maria da Graça Carvalho tells POLITICO.
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.”
New funding for low methane farming uptake
29 Apr 2026
By Pattrick Smellie | The government will co-fund projects under an Early Adoption Accelerator scheme announced today to accelerate the uptake of low emissions farming technologies emerging from the AgriZero public-private partnership.
NZ Govt’s move to halt climate litigation under international scrutiny
Tue 19 May 2026
By Liz Kivi | Local and international NGOs have signed an open letter calling on the Government to reconsider its decision to shield major emitters from legal liability for climate-related harm.
Why ‘greenhushing’ signals deeper issues with NZ’s climate risk reporting regime
Fri 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.
‘Formidable’ El Niño expected this winter
29 Apr 2026
By Liz Kivi | Meteorologists are anticipating a significant El Niño influence on weather patterns across the country from winter onwards, with predicted lower rainfall for some areas and heavier rain for others likely to impact multiple sectors of the economy as well as the carbon market.
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
24 Apr 2026
In our round-up of climate coverage in local media: What is the real cost of storm-hit infrastructure? Urgency is needed over climate adaptation funding; and a community conservation group has won a legal victory against multinational mining company OceanaGold.
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.
Labour condemns Govt plan to stop climate litigation
Fri 15 May 2026
By Liz Kivi | The Labour Party has slammed the Government’s move to block climate lawsuits against big emitters but won’t say if they would repeal the legislation if elected in November.
GIDI-style help cheaper than LNG: MBIE
11 May 2026
By Pattrick Smellie | Officials advised ministers last July that the lowest-cost way to free up gas for use during dry winters was to assist industrial gas users to switch to electricity.
Govt missing tricks to save fuel in crisis
30 Apr 2026
By Shannon Morris-Williams | The Government is being urged to shift its response to the fuel crisis away from short-term relief and towards measures that reduce demand, with public health experts warning it is missing an opportunity to boost energy security and lower household costs.
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.
‘Utterly elated’ – controversial Sams Creek gold mine application declined
Today 11:30am
By Max Frethey, Local Democracy Reporter | Campaigners are elated after the controversial gold mining application for Sams Creek in Golden Bay was declined.
Conservation land open for voluntary carbon market schemes
12 May 2026
By Pattrick Smellie | The government is to open up the Crown-owned conservation estate to private investment in voluntary carbon market projects.
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.
Pacific voice on climate at the UN
Wed 20 May 2026
A New Zealand-based researcher has told a United Nations forum that rising sea levels are already reshaping life across the Pacific and climate change is causing irreversible impacts on water supplies, food security and cultural identity.
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.
Opposition slams environment ministry merger
13 May 2026
By Shannon Morris-Williams | Opposition MPs accused the Government of downgrading climate and environmental protections as legislation to abolish the Ministry for the Environment and merge it into a new mega-ministry passed its second reading in Parliament.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
Fri 15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
ESG funds include petrochemical companies, report finds
5 May 2026
Global banks have invested US$133bn into US petrochemical expansion, even as the industry is linked to climate change.
NZTA rejects covering $145m of Wellington public transport projects
Wed 20 May 2026
By Justin Wong, Local Democracy Reporter | More than $145 million of Wellington public transport projects - including new bus spines along the harbour quays and the redevelopment of ageing Waterloo station - never made it into the Government’s $32.9 billion national land transport plan.
Thousands protest in Germany urging faster shift to renewable energy, amid Iran war
20 Apr 2026
Thousands of people demonstrated across Germany on April 18, urging a faster shift to renewable energy and accusing conservative Chancellor Friedrich Merz’s coalition of putting the brakes on the transition.
Green Party calls for national electrification plan
20 Apr 2026
By Liz Kivi | The Green Party is calling for a national plan to electrify homes, transport and industry using renewable energy, to reduce fossil fuel dependence in response to the Middle East crisis.
China widens its clean energy lead
Mon 18 May 2026
Chinese companies account for more than half of global investments in clean energy manufacturing since 2019, while new U.S. investments declined last year.
‘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.
Combined climate extremes may prompt carbon budget rethink
14 May 2026
Media release: Springer Nature | Combined extreme climate events are likely to become more common in the future if carbon emissions continue to rise, a paper in Nature suggests.
Media round-up
Fri 15 May 2026
In our round-up of climate coverage in local media: The government's move to change climate law removes a key protection for NZ citizens, farmers should be paid to use methane-busting tools, and it's one step forward, three steps back on environment policy.
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.
Why both trees and technology are important in the race to mitigate carbon emissions
4 May 2026
Different carbon‑removal approaches solve different problems, and pitting these technologies against each other could slow progress.
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.
UN members prepare for pivotal vote on landmark ICJ climate justice ruling
Fri 15 May 2026
If the resolution is passed, governments will recognise their legal responsibility to cut greenhouse gas emissions.
NZ First moves to revive container return scheme
4 May 2026
By Shannon Morris-Williams | NZ First is aiming to launch a national container return scheme, which could recycle over a billion wasted containers each year, reviving a policy shelved by the previous Labour-led Government in 2023.
Commission urges Govt action on climate risks
7 May 2026
By Liz Kivi | Climate change currently poses major risks to our water infrastructure with “significant gaps” in readiness to manage risks and increasing hazards, according to the Climate Change Commission.
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.
Human health appears unaffected by living near wind turbines
Today 11:30am
Media release: PNAS | High-resolution data collected across the United States show negligible evidence of adverse health outcomes tied to wind turbine exposure, a study finds.
