Topics tagged with 'Emissions trading'
Upcoming auction pivotal for carbon market
29 Oct 2024
With the final carbon auction of the year less than six weeks away, experts are watching keenly to see if any carbon units are likely to enter the market at auction.
Why the time is right for Australia’s second shot at carbon pricing
25 Oct 2024
By Ross Garnaut | OPINION: Australia now has a government and parliament wanting to build Australia as the renewable energy superpower of the zero-carbon world economy.
Government consulting on ETS charges for forestry
23 Oct 2024
The government is proposing setting an annual per hectare charge for forestry in the ETS at $14.90 - about half the price set by the previous government, but still a significant increase on what foresters formerly paid.
Stockpile and forestry set to drive carbon price
23 Oct 2024
Stockpile holders will have the power to set the NZU price in future, as the importance of the government’s carbon auctions wanes, Emissions Trading Scheme participants were told last week.
US charges against carbon-offsetting boss highlight wider industry problems
18 Oct 2024
Kenneth Newcombe, a carbon-offsetting pioneer, is accused of a 100-million-dollar fraud scheme that could see him sentenced to 20 years in jail.
Govt finances still don’t recognise climate liability
17 Oct 2024
Treasury has failed to recognise a liability for New Zealand’s international climate commitments in its latest financial statement, with its position unchanged on the multibillion dollar price tag of purchasing offshore mitigation.
Foresters welcome reference group - but questions remain around ETS charges
17 Oct 2024
Foresters have welcomed the plan for a new Reference Group for the sector, but say the government shouldn’t risk undermining afforestation by overcharging foresters participating in the ETS.
NZ must work with other countries to reach climate goals: new research
14 Oct 2024
By Liz Kivi | Aotearoa’s international climate targets can only be met through funding significant emissions reductions in other countries. But a lack of public support to spend this money overseas is paralysing New Zealand’s progress towards its goal, according to researchers.
Government and sector to improve Forestry ETS Registry
14 Oct 2024
Media release | Forestry Minister Todd McClay today announced the establishment of a Forestry Sector Reference Group to drive better outcomes from the Forestry Emissions Trading Scheme (ETS) Registry.
UN carbon trading expert group agrees deal on market framework
14 Oct 2024
A UN expert group has reached a compromise on key elements of a global carbon trading system, in a bid to resolve nearly a decade of talks on what is seen as an important tool for raising climate finance.
Indigenous groups in Brazil: We were not consulted on carbon credits
14 Oct 2024
Indigenous organizations in the Brazilian state of Para said they were not consulted by the government before it signed a deal with multinational companies to sell carbon offset credits to support conservation of the Amazon rainforest in the state.
Minister to co-chair carbon market negotiations at COP29
11 Oct 2024
Climate change minister Simon Watts will chair negotiations on carbon markets at this year’s United Nations Climate Change Conference (COP29), in Azerbaijan next month.
Increased volatility as carbon price inches up towards auction floor
11 Oct 2024
The secondary carbon market saw a slight increase in volatility last week, with carbon trading platform Jarden noting higher volumes above the $62 mark.
Transpower backtracks on selling gas and carbon trading platform
11 Oct 2024
By Liz Kivi | Transpower has decided not to sell its gas and carbon trading platform, emsTradepoint, this year. However, the future of carbon trading on the platform is uncertain.
Can carbon credits help close coal plants?
10 Oct 2024
A few dozen kilometres from the Philippine capital Manila sits a coal plant that some hope could be a model for how developing countries can quit the polluting fossil fuel.
Amazon state that will host COP30 strikes largest carbon credit sale in history
9 Oct 2024
A coalition of developed countries and corporations has agreed to a massive purchase of carbon credits from the Amazon rainforest worth $180 million.
Carbon offset pioneer charged with $100 million fraud scheme
4 Oct 2024
US regulators say Australian national Ken Newcombe faked data for carbon credits investment. The Goldman and World Bank veteran denies the allegations but is facing up to 20 years in jail.
A federal attempt to foster ‘high-integrity voluntary carbon markets’ falls short
4 Oct 2024
New guidance for credit-based derivatives gives “imprimatur to a system that doesn’t have credibility to begin with.”
IRD consulting on tax and forestry ETS
19 Sep 2024
The Inland Revenue Department is consulting on an interpretation statement on tax and the forestry emissions trading scheme.
Climate shouldn't be politicised: Carr
17 Sep 2024
By Shannon Williams | Climate Change Commission chair Rod Carr said it "defies belief" that the climate is a political debate.
Govt must rethink energy assumptions: Rewiring Aotearoa
16 Sep 2024
Electrification presents a significant opportunity to future-proof the economy as well as reduce gross emissions, according to Rewiring Aotearoa.
Minister says buying offshore carbon credits ‘unrealistic’
12 Sep 2024
By Liz Kivi | Climate change minister Simon Watts says buying carbon mitigation offshore to meet the country’s international climate obligations is “unrealistic”.
OPINION: Trees are the answer to more resilient rural landscapes, not the threat
9 Sep 2024
Media release | There are many ways the New Zealand Farm Forestry Association (NZFFA) could respond to Ewan McGregor’s opinion piece about the threat of pines to our rural landscape.
Govt climate plan creates financial risks, business leaders say
6 Sep 2024
The proposed initiatives in the government’s Draft Second Emissions Reduction Plan carry a high risk of failure in policy implementation, according to the Sustainable Business Council and Climate Leaders Coalition.
'The Emissions Trading Scheme is broken': Carr
5 Sep 2024
By Shannon Williams | Aotearoa New Zealand’s Emissions Trading Scheme is broken and not fit for purpose, says Climate Change Commission chair Dr Rod Carr.
Carbon price steady following failed auction
5 Sep 2024
The carbon price on the secondary market stayed steady yesterday following the failed quarterly auction, for which no bidders fronted.
Carbon auction fails again
4 Sep 2024
The September carbon auction has failed, with no bidders fronting at the auction and millions of units now rolling over to the December auction, increasing the likelihood that auction will fail as well.
Market looks to tomorrow’s carbon auction
3 Sep 2024
The carbon price crept up last week, as the market had its second-biggest month of traded volume ahead of tomorrow’s auction, with some commentators saying it’s a done deal that the auction will fail.
‘Blue carbon’ markets needed - new research
3 Sep 2024
Researchers are calling for a national blue carbon strategy, with government regulation needed for voluntary markets to enable large-scale blue carbon projects.
Price shocks still possible for carbon market: experts
30 Aug 2024
While the government’s move to slash carbon auction volumes has stabilised New Zealand’s compliance carbon market somewhat, experts say there is still potential for market volatility due to wider uncertainty around climate policy.
Climate plan risks high future costs
29 Aug 2024
The government’s ‘least cost approach’ to emissions reductions risks passing on significant costs to future generations, according to the Parliamentary Commissioner for the Environment.
Reported emissions down, carbon market up
28 Aug 2024
The Environmental Protection Authority published the latest Emissions Trading Scheme data on emissions and removals earlier this month, with reported emissions down overall, while reported removals increased.
Govt still working on land use restrictions for ETS: Watts
23 Aug 2024
Climate change minister Simon Watts says the government is still working on policy to restrict land entering the Emissions Trading Scheme but hopes to deliver it “this side of Christmas.”
Carbon market buoyed by ETS settings announcement
21 Aug 2024
The carbon price shot up yesterday, following the government’s announcement it would reduce auction supply of carbon credits by more than half.
Govt slashes ETS auction volumes
20 Aug 2024
The government has slashed Emissions Trading Scheme auction volumes from next year, following the Climate Change Commission’s advice to reduce the amount of units on offer at auction by more than half.
UN-backed organisation approves Fonterra’s climate targets
19 Aug 2024
By Jon Rawlinson | The world’s top corporate climate-target verifier, the London-based Science Based Targets initiative, has approved Fonterra’s emissions reductions targets.
Govt keeping options open on international climate targets: Watts
15 Aug 2024
By Liz Kivi | The government is looking at multiple ways to meet New Zealand’s 2030 Nationally Determined Contribution (NDC), according to climate change minister Simon Watts.
Carbon market plays waiting game with ETS announcement to come
9 Aug 2024
The carbon price stayed relatively flat last week, but with a high volume of NZUs changing hands, as the market awaits the government’s upcoming announcement on Emissions Trading Scheme settings.
Carbon capture – climate plan not clear cut
6 Aug 2024
Capturing carbon is capturing imaginations, but can it live up to the government’s expectations?
How is the draft Emissions Reduction Plan supposed to work?
5 Aug 2024
COMMENT: In its new climate plan, the coalition government seems to be setting New Zealand up to withdraw from the world carbon market before 2035, argues economist Geoff Bertram.
Carbon futures offer new opportunity for forest owners
1 Aug 2024
By Liz Kivi | The first few days of trade for Australian and New Zealand carbon futures contracts on the Australian Securities Exchange got off to a slow start since launching on Monday.
Singapore Carbon Market Alliance launches
1 Aug 2024
Media release | The Singapore Economic Development Board and IETA have launched the Singapore Carbon Market Alliance, the first platform in Singapore aimed at helping companies obtain access to high-quality Article 6 carbon credits.
Significant risk Aotearoa will not meet climate targets: Climate Commission
31 Jul 2024
There is a significant risk that New Zealand will not meet future emissions reductions targets, according to a new report from the Climate Change Commission.
Govt not ruling out supporting bill to prevent councils considering climate impacts
26 Jul 2024
Climate change minister Simon Watts has not ruled out supporting a controversial private member’s bill to stop regional councils from considering climate change impacts in consenting decisions.
Commtrade makes spot price unavailable
25 Jul 2024
By Liz Kivi | Jarden’s digital carbon trading platform, Commtrade, has locked market watchers and the general public out of viewing its last traded spot price, just as the government said it wanted to improve market transparency.
Carbon market ‘underwhelmed’ by govt climate plan
24 Jul 2024
The carbon market barely blinked last week when the coalition government released its major climate policy, the second emissions reduction plan, which is intended to chart a path to reach climate targets to 2030.
British trading house Marex launches in NZ
19 Jul 2024
UK trading house Marex has officially launched in New Zealand, with an office in Auckland and plans to start its own carbon trading platform.
Media round-up
19 Jul 2024
In our weekly round-up of climate coverage in local media: how the government's climate plan does less with more; experts say the plan puts NZ's reputation at risk; and why getting the ETS right will be critical to investment.
New plan might see climate change minister in court
18 Jul 2024
Lawyers for Climate Action say there are “significant concerns” about whether the government’s new climate plan will achieve its climate targets, and could be in breach of the Climate Change Response Act.
Foresters say govt planting forecasts are wrong
18 Jul 2024
Foresters say the government's planting forecasts in its new climate plan are wrong, with the actual planted areas likely to be about half the government’s projections in 2024, according to the New Zealand Institute of Forestry.
Urban rewilding combats global biodiversity decline
Wed 28 May 2025
Media release | A new study led by the University of Sydney reveals how cities around the world are restoring wildlife to their former habitats in the face of ongoing urban sprawl.
US dairy farmers consider return on climate-smart milk
22 May 2025
The approach is just one of many dairy practices now considered “climate-smart” because they could cut production of climate-warming gases.
Greenwashing is rife in Australia, but could its days be numbered?
Wed 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.
Govt's RMA overhaul sparks fears for nature and climate
Fri 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.
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
Thu 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.
Pacific Island nations support China's Taiwan claims at high-profile foreign ministers' meeting
Fri 30 May 2025
Pacific nations have backed China's claim over Taiwan during a high-profile meeting, but have shied away from directly endorsing Beijing's push to "reunify" the democratically ruled island with the mainland.
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
Fri 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.
Owning a green home could cut mortgage payback time by two years
9 May 2025
A green certified home plus a green mortgage and associated energy bill savings could save Kiwi families up to $98,800 over the course of their mortgage - the equivalent of being mortgage-free several years early, according to new research.
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.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
Fri 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.
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.
Glacier collapse buries most of Swiss village
Fri 30 May 2025
The Swiss village of Blatten has been partially destroyed after a huge chunk of glacier crashed down into the valley.
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.
Water crisis on the horizon?
Mon 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.
Watts talks big on energy reform, but barriers persist
Thu 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.
Hotter and deeper: how NZ’s plan to drill for ‘supercritical’ geothermal energy holds promise and risk
2 Apr 2025
By David Dempsey, University of Canterbury | New Zealand’s North Island features a number of geothermal systems, several of which are used to generate some 1,000 MegaWatts of electricity. But deeper down there may be even more potential.
Electrification challenge for politicians, regulators
Tue 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.
Nelson backs ‘ambitious’ emissions target, but mayor nervous
Mon 26 May 2025
By Max Frethey, Local Democracy Reporter | Nelson’s mayor has been accused of “pouring cold water” on ambitious greenhouse gas emission targets proposed for the city.
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.
While govt ‘refreshes’ fund for low carbon trucks, are transport emissions set to accelerate?
Wed 28 May 2025
By Liz Kivi | The government has announced it is updating the Low Emissions Heavy Vehicle Fund, however cuts to funds to decarbonise transport in last week’s budget, and potential changes to road user charges, could stall transport emissions reductions.
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.
Kiwi cleantech companies on the world stage
Tue 27 May 2025
Six New Zealand 'cleantech' companies were in Singapore earlier this month, along with a venture capital firm and the MacDiarmid Institute, to meet investors and multinational partners.
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.
New research reveals NZ’s natural resource footprint
Thu 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.
World’s nations to gather in France to tackle what UN says is a global emergency in the oceans
Fri 30 May 2025
The world’s nations are gathering in France next month to tackle what the United Nations calls a global emergency facing the world’s oceans as they confront rising temperatures, plastic pollution choking marine life, and relentless overexploitation of fish and other resources.
Europe’s next climate target may already have been agreed in Berlin
Wed 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.
Warm water affecting Antarctica’s largest ice shelf - new research
22 Apr 2025
While Antarctica’s Ross Ice Shelf is currently stable, new research shows warm water is reaching up to 170 kilometres under the front of the ice shelf.
NZ's first chance in 20 years to catch up on waste
Fri 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.
For the first time, China invests more in wind and solar than coal overseas
Thu 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.
A fungus that can ‘eat you from the inside out’ could spread as the world heats up
Tue 27 May 2025
Infection-causing fungi responsible for millions of deaths a year will spread significantly to new regions as the planet heats up, new research predicts — and the world is not prepared.
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".
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.
More than 1 in 4 cars sold globally in 2025 expected to be EV: IEA report
Mon 26 May 2025
According to the Global EV Outlook 2025 report from the International Energy Agency (IEA), 2025 is set to be big for EV sales. The report predicts that about one in four cars sold worldwide this year will be electric, despite overall market uncertainties.
Brazil seeks early deals on two stalled issues at Bonn climate talks
Mon 26 May 2025
Moving forward work on just transition and implementing recommendations from the Global Stocktake of climate progress are key priorities for upcoming UN negotiations.
Global sea levels rise spelling catastrophe for coastal towns and cities
14 May 2025
For around 2,000 years, global sea levels varied little. That changed in the 20th century. They started rising and have not stopped since — and the pace is accelerating.
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.
NZ moving too slowly to decarbonise – former commission chair
22 May 2025
By Liz Kivi | New Zealand's energy transition is too slow and too controlled by vested interests, according to former Climate Change Commission chair Rod Carr.
