Topics tagged with 'Emissions trading'
Change ahead, so business needs to get smart
24 Jan 2014
Smart companies will have clear strategic objectives and flexible tactical responses to deal with on-going disruptive change likely to be caused by carbon policy this year, Westpac’s international carbon desk says.
EU wants to see cut of 40% in gas emissions
24 Jan 2014
A reduction in greenhouse gas emissions by 40 per cent below the 1990 level, an EU-wide binding target for renewable energy of at least 27 per cent, renewed ambitions for energy efficiency policies, a new governance system and a set of new indicators to ensure a competitive and secure energy system.
So, if the carbon tax isn't working, what is?
24 Jan 2014
Melbourne Energy Institute director MIKE SANDIFORD asks the Abbott Government to explain:
ETS dysfunctional, says forestry academic
20 Dec 2013
Deforesation and a lack of new planting means New Zealand is unlikely to meet its 2030 emissions reduction target, a forestry expert is warning.
Govt sitting on millions worth of Kyoto units
13 Dec 2013
The Government is sitting on millions of Kyoto units which could reduce the cost of the country's carbon liability.
Errors in forest returns could be costly, says expert
13 Dec 2013
Many forest owners could run into costly penalties for innocent mistakes in their carbon returns, a consultant is warning.
Move on carbon units worries foresters
13 Dec 2013
Last week's Government announcement on the future of carbon units after 2015 does nothing to stimulate action to reduce the nation’s net greenhouse gas emissions, says the Forest Owners’ Association.
Restrictions on CERs and ERUs
6 Dec 2013
The use of international Kyoto credits in the New Zealand Emissions Trading Scheme is to be restricted.
NZ keeps eye on Chinese carbon market muscle
6 Dec 2013
The launch this week of the world’s second-largest carbon market, in the Chinese industrial powerhouse province of Guangdong, will have little direct impact on the New Zealand market, a leading trader says.
Melbourne expo might give us some answers
22 Nov 2013
Businesses looking for a steer on how Australia’s Emissions Reduction Fund scheme will work could find it at the Carbon Expo Australasia next month.
What's going on in world carbon markets
22 Nov 2013
The Carbon Reduction Fund in Australia, backloading in Europe, markets linking in North America and the first carbon auction in China ... Westpac's carbon desk reviews the international carbon markets:
How Australia deals with carbon and electricity
22 Nov 2013
Westpac's head of electricity trading, CONNELL BURKE, explains the links between carbon and electricity in the Australian market:
Government plays loose with ETS facts
15 Nov 2013
The Government is claiming credit for climate change policies – including the Emissions Trading Scheme - introduced by its predecessor.
Buyers get interested
15 Nov 2013
The local market was sold down yesterday starting off at $3.25 and hitting $3.10 before closing $3.15 bid. OMFinacial reports:
Buy, bank, and hold....
13 Nov 2013
Despite the market having peeled off from the high $4s to the low $3s, we are not bearish. OMFinancial reports:
Hope from Europe
11 Nov 2013
The NZU market finished the week on a subdued note, as selling interest dries up for now. OMFinancial reports:
Dunedin takes serious look at carbon footprint
8 Nov 2013
Dunedin City Council is one of the first local authorities in the country to measure its carbon footprint against the global greenhouse gas standard, ISO 14064-1:2006.
Choppy market in Europe
5 Nov 2013
The market was very quiet yesterday, with very little interest from both the buy side and the sell side of the market to cross the spread. OMFinancial reports:
Papers reveal Treasury push for zero GHG target
25 Oct 2013
Treasury wanted New Zealand to adopt a greenhouse gas emissions reduction target of zero per cent below 1990 levels.
Our GHG emissions on the way up ... not down
25 Oct 2013
New Zealand’s greenhouse gas emissions are on track to rise by 2020, not fall as the Government has pledged.
Parties stay quiet on 2015 carbon auctions
25 Oct 2013
A new government might not auction carbon units in 2015.
Abbott wants ideas for emissions scheme
25 Oct 2013
Australia’s new Government is calling for submissions on how to design a scheme to replace the carbon tax and emissions trading scheme.
Greens quiz minister on emissions reduction
25 Oct 2013
News that New Zealand's greenhouse gas emissions are expected to grow by more than a third by 2040 prompted questions in Parliament this week, as Green Party climate change spokesman Dr Kennedy Graham sought to pin the Government down on just how it planned to reach its emissions reduction targets.
Nonchalant buyers and disinterested sellers
23 Oct 2013
History doesn’t repeat, it rhymes - and that probably sums up the NZU market at present, OMFinancial reports.
NZ turns away Australian carbon units
18 Oct 2013
More than two million Australian Carbon Credit Units (ACCUs) issued under that country’s Carbon Farming Initiative will not be eligible for surrender in New Zealand.
WORLD WEB ... news from the world of carbon
18 Oct 2013
Polluters eye $4b, airlines emissions charges, China carbon pricing, climate all at sea, worms are heroes, bye-bye Oracle, Quakers talk tough.
Large sellers absent from market
14 Oct 2013
NZUs finished closed at $4.25 on CommTrade on Friday, OMFinancial reports.
Labour again trying for foreign units limit
11 Oct 2013
Labour is having another go at limiting the number of foreign carbon units emitters can surrender under the New Zealand Emissions Trading Scheme.
Obama's coal power call tougher than ours
11 Oct 2013
Emissions controls on new thermal power plants in the United States would not be met by most New Zealand plants.
WEB WIRE ... news from the world of carbon
11 Oct 2013
IPCC and business, EU and airlines, US judges on spot, city climate design, Alaska learning sugar land grabs.
International update
11 Oct 2013
Westpac's carbon analysts cast their eyes across the international carbon markets.
Govt still silent on auctioning credits
4 Oct 2013
The Government says it has made no decisions yet on the auctioning of carbon credits.
WEB WIRE ... news from the world of carbon
4 Oct 2013
IPCC report, fraud charges, farming key, Kiribati worried, European ETS, climate-think, water bills ...
100% Pure? We're ranked at a lowly 36
27 Sep 2013
“100% Pure” New Zealand ranks at just 36th in the world when it comes to environmental sustainability, according to a new international energy report.
WEB WIRE ... news from the world of carbon
27 Sep 2013
Angela Merkel, Tony Abbott, airlines talk, IPCC leak, US trading, beating disease.
Emitters make canny use of cheap ERUs
20 Sep 2013
Canny emitters used the international glut of cheap ERUs to cut carbon liabilities last year to a fraction of previous levels.
Crunching the numbers
20 Sep 2013
Westpac takes a look at the Ministry for the Environment's 2012 Facts and Figures report on the Emissions Trading Scheme, and analyses the potential impact on prices.
We're talking ETS with Australia and Korea
6 Sep 2013
New Zealand has had discussions with Australia and Korea on the theoretical requirements involved in linking emissions trading schemes.
Labour thermal power bid fails
6 Sep 2013
A bid by Labour MP Moana Mackey to bring back the ban on new thermal electricity generation has fallen at the first hurdle.
ANALYSIS: Australians' vote will affect carbon market
30 Aug 2013
The 2013 Federal Election in Australia will have a significant impact on Australian carbon markets, regardless of who wins, Westpac says.
China’s power sector set for cleaner future
30 Aug 2013
China’s power sector is expected to go through significant changes through to 2030, according to a new report.
Experts slam 5% emissions target
23 Aug 2013
Leading climate policy and science experts say the Government’s emissions reduction target is “markedly inadequate and disappointing”.
Emissions target under fire from MPs
23 Aug 2013
The Government's 2020 emissions reduction target came under fire in Parliament this week.
Foresters in the know eye big profits
16 Aug 2013
Savvy forest owners are banking millions of NZUs in the expectation of big profits in the future.
Forest figures meaningless, say growers
16 Aug 2013
One hundred and seventy owners of post-1989 forests left the Emissions Trading Scheme last year.
Foresters opting out of ETS, says Labour
16 Aug 2013
A new report shows the gutted Emissions Trading Scheme is damaging the forestry sector, Labour’s Climate Change spokesperson Moana Mackey says.
Australia draws the battle lines
16 Aug 2013
There’s a carbon battle going on over the Tasman in the lead-up to that country’s general election.
Carbon budget essential, says council
9 Aug 2013
The Sustainability Council is launching a new push to get New Zealand into carbon budgeting.
Groser defends climate change attitudes
9 Aug 2013
This week in Parliament, Climate Change Minister Tim Groser found himself defending statements by two of his Cabinet colleagues that seem to suggest they are not entirely convinced that anthropogenic climate change is real:
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.
