Topics tagged with 'Emissions trading'
Emissions trading doesn’t work, says scientist
6 Nov 2009
A government scientist has spoken out against Australia’s Carbon Pollution Reduction Scheme, saying carbon trading and offset schemes appear ineffective in terms of reducing greenhouse gases.
Forum: Why must New Zealand adopt the limitations of the Australian CPRS, asks EITG's Richard Hayes
6 Nov 2009
Cabinet minutes from the September 14 have some sobering news for forest owners thinking of selling credits off shore by converting NZU units to international government compliance assigned amount units (AAU) units.
Kiwis and business reject ETS change, say Greens
6 Nov 2009
A new survey shows 82 per cent of the population believe that emitters should pay for their excess emissions, a clear rejection of National's plan to force taxpayers to pick up the tab, the Green Party says.
Environmental priorities must connect the dots, say Greens
6 Nov 2009
This week's New Zealand Institute of Economic Research report on environmental priorities fails to connect the dots between modern environmental challenges, particularly when it suggests that reducing climate change emissions is a low priority for New Zealand, says the Green Party.
Bill sets dangerous precedent, says law expert
30 Oct 2009
The government’s climate change amendment bill is controversial, possibly unconstitutional, and sets a dangerous precedent, says constitutional law expert Professor Noel Cox.
Foss committee has tight deadlines
30 Oct 2009
The select committee considering amendments to the emissions trading scheme will be working hard to meet the November 16 reporting back deadline, says its chairman.
Australian provider buys CERs from China
30 Oct 2009
Australian company COzero says it has completed the purchase of more than 1.4 million CERs (certified emission reduction units) from three projects in China.
$209 MILLION A YEAR - that's what we'll pay to protect Rio Tinto, says analyst
23 Oct 2009
Protecting Rio Tinto’s Tiwai Point aluminium smelter from the full impacts of the emissions trading scheme will cost New Zealand $225,000 a year for every job at the smelter, a management consultant says.
Hide hacks at ETS policy management – tied bill voting more likely
23 Oct 2009
Act party leader Rodney Hide says the process of establishing the ETS is “shot through with lobbying, unprincipled deal-making and divergent treatment of different economic activities”.
Legal tangle awaits amended climate bill
23 Oct 2009
The Government might have scored an own goal in its haste to push through its climate change amendment bill.
Farming opportunites huge, says recruiter
23 Oct 2009
Carbon reduction and carbon trading hold huge potential for farmers – if they can get beyond the rhetoric and see the opportunities, says an Australian consulting firm looking for staff in New Zealand.
Turia confirms big iwi leading Maori Party ETS policy
23 Oct 2009
The Maori Party is taking its lead from the iwi leadership group on emissions trading policy.
Chauvel to energy leaders: ETS changes too generous to last
23 Oct 2009
It’s unfair to business to give large concessions and subsidies that won't last.
ETS committee grants more time
23 Oct 2009
Politicians will hear more submissions next week on changes to the emissions trading scheme.
Europe: Sign the deal and we’ll cut emissions 95%
23 Oct 2009
Europe tried to reassert its international leadership in the fight against global warming yesterday, offering to slash its greenhouse gas emissions by up to 95 per cent by 2050 and by 30 per cent by 2020 if a climate change pact is sealed in Copenhagen in six weeks.
Committee vote-tie could send ETS bill back with no changes
16 Oct 2009
EXCLUSIVE - The Government is facing the prospect of a vote tie which will stop any changes to ETS law emerging from select committee.
Fishing carbon quota plan splits industry
16 Oct 2009
Government plans to give some $17 million worth of free carbon credits to quota holders, instead of to the owners of fishing boats as originally planned, has divided the fishing industry.
Thank you for doubling our traffic in a single day
16 Oct 2009
Carbon News’ production of four special editions yesterday breaking inside news on ETS select committee hearings doubled traffic to our web site.
Business blasts rushed changes to ETS
16 Oct 2009
The Government came under fire from business last night for rushing through changes to the emissions trading scheme.
Taxpayers face hefty bill from ETS subsidies, says business council
16 Oct 2009
Subsidies to heavy emitters could cost taxpayers $3.5 billion, the Business Council for Sustainable Development is warning.
Push to exempt Australian farmers from carbon laws
16 Oct 2009
The Australian government will be asked to exempt farmers from carbon trading in order to pass landmark emissions laws through parliament under changes this week being pushed by opposition lawmakers.
Sack Nick Smith from climate portfolio, says Dunleavy
16 Oct 2009
A call to Prime Minister to relieve Nick Smith of the climate change issues portfolio has been made by the New Zealand Climate Science Coalition’s secretary, Terry Dunleavy.
Protests force slowdown on full-speed-ahead ETS
15 Oct 2009
The Government has been forced to back down over plans to restrict oral submissions on changes to the emissions trading scheme to 50 – all of which were to be heard today.
ETS changes being rammed through, says angry Act
15 Oct 2009
The Act Party is demanding more time for oral submissions on changes to the emissions trading scheme.
Business lobby group gets a night appointment
15 Oct 2009
Business New Zealand will deliver its oral submission on changes to the emissions trading scheme tonight.
Thanks, but no thanks, says Greenpeace
15 Oct 2009
At least one of the organisations down to give an oral submission on the emissions trading scheme is refusing to appear.
NEWS ALERT: Move to hear all oral submissions in ETS bill today
15 Oct 2009
A move will be made at 1pm to have the select committee considering major emissions trading scheme changes hear all oral submissions today.
Who Foss wants to hear on the ETS today
15 Oct 2009
Carbon News has obtained the list of organisations the ETS select committee chair wants to hear from in a single day for oral submissions.
No choice but to accept timeline, say Greens
15 Oct 2009
Oral submissions on changes to the emissions trading scheme will go ahead this afternoon, despite a lack of notice.
Papers show initial ETS costs as high as $500m
9 Oct 2009
The Government’s changes to the Emissions Trading Scheme will cost $400m to $500m between now and the end of 2012, according to just-released Cabinet papers.
Cabinet paper reveals possible major policy shock for forestry
9 Oct 2009
The forestry industry might be in for a shock ETS policy change, Cabinet papers released today hint.
Cabinet buys a piece of string on cost of new ETS subsidies
9 Oct 2009
A cabinet paper released today confirms no work has been done to budget for the cost of extending subsidies to large emitters after 2012.
Was National pretending to deal with Labour?
9 Oct 2009
Had National already decided what ETS changes it wanted while still outwardly wanting a deal with Labour?
Smelter might suffer under Aussie rules
9 Oct 2009
New Zealand operations powered by renewable energy - like the Rio Tinto aluminium smelter at Bluff - could be disadvantaged by plans to calculate average emissions levels with Australia under a new intensity-based scheme.
Smith: No costings on deal with Maori
9 Oct 2009
The Government has no official costings of its ETS deal with the Maori Party, Climate Change Issues Minister Nick Smith says.
Did Govt cut Maori deal without officials' advice?
9 Oct 2009
The Government appears to have negotiated support from the Maori Party for changes to the emissions trading scheme without input from officials.
COMMENT: Are farmers still denying climate change?
9 Oct 2009
On September 4, 2003, Federated Farmers led hundreds to the steps of Parliament to oppose paying for research into reducing greenhouse gas emissions.
Deadline looms with committee silent on rules
9 Oct 2009
No decision has been made yet on whether the select committee considering changes to the emissions trading scheme will hear oral submissions.
Domestic NZUs price likely to settle at $23 a tonne, says trader
2 Oct 2009
The domestic market for New Zealand Units is likely to settle around $23 a tonne if the Government’s cap on prices goes ahead, says a leading trader.
Go online and have your say on the ETS
2 Oct 2009
Parliament is calling for submissions on changes to the emissions trading scheme – and for the first time they can be made online.
OPINION: The ETS and your business
2 Oct 2009
Kensington Swan energy and resources team leader Bryan Gundersen looks at the implications of proposed amendments to the ETS:
Back me or sack me, says troubled Turnbull
2 Oct 2009
Australia's conservative opposition leader Malcolm Turnbull has threatened to quit unless opposition lawmakers end divisions over climate policy and avert a possible snap election on carbon-trade laws.
China eyes emission trading as part of economic plan
2 Oct 2009
China plans to include a pilot emissions trading system in its five-year plan for economic development from 2010-15, although it is unclear whether carbon dioxide would be covered.
Blue-Greens must be 'pink' with embarrasment, says Chauvel
2 Oct 2009
Labour’s Climate Change Issues spokesperson Charles Chauvel says ministers will privately be hoping that the doors are locked at the National Party’s Blue Greens conference in Wellington this weekend.
Labour grizzles as ETS changes go through House
23 Sep 2009
National’s changes to the emissions trading scheme moved a step closer yesterday amid threats that a Labour Government would throw them out again.
Back our bill, pleads 'proud' climate minister
23 Sep 2009
Climate Change Issues Minister Nick Smith says that National has delivered on its election promise to amend the emissions trading scheme.
Switch to trees pays off for carbon-conscious farmer
23 Sep 2009
Politicians might be bogged down in arguments over the emissions trading scheme, but in Marlborough, they’re quietly getting on with cutting emissions and making money.
Emissions plan good news for NZ shipping companies
23 Sep 2009
Good news is at hand for New Zealand domestic shipping companies facing competition from foreign vessels not subject to the emissions trading scheme.
Let farmers opt in to ETS, says expert
23 Sep 2009
New Zealand farmers should be able to opt-in to the emissions trading scheme to benefit from cuts to their emissions levels, says AbacusBio.
EU lists industries exempted from carbon trading
23 Sep 2009
The European Union has agreed on a list of industries ranging from plastics manufacturing to iron and food processing that will be largely exempted from CO2 trading after 2013 for fears that their inclusion would move production abroad.
Governments must vote in favour of moratorium on deep sea mining
Tue 29 Jul 2025
Media release - Greenpeace | The 30th session of the International Seabed Authority (ISA) has ended with Greenpeace saying governments are continuing to fall short in protecting the deep sea.
Does NZ need a national incentive scheme for wetlands?
25 Jul 2025
By Liz Kivi | An expert is calling for a national incentive programme to restore New Zealand’s wetlands and wants to stop schemes to drain these vital carbon-sequestering ecosystems.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns
18 Jul 2025
Amid suspected fraud in the production of sustainable aviation fuel (SAF), a new report says the airline industry should stop calling all alternatives to kerosene “sustainable”.
Challenges persist in bid to mine the deep sea, even after boost from Trump
Tue 29 Jul 2025
After years of delay, the deep-sea mining plans of Canadian firm The Metals Company (TMC) now appear to be progressing as it pursues a controversial new path to securing a license to mine in international waters under U.S. jurisdiction.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
Carbon prices slide as market awaits ETS decision
Fri 1 Aug 2025
By Liz Kivi | Volatility has returned to the secondary carbon market, with prices sliding again after plateauing in recent weeks, as the market waits for government decisions on Emissions Trading Scheme settings.
The US is sitting out the most consequential climate summit in a decade. It may offer a victory to China
Fri 1 Aug 2025
The Trump administration fired the last of the US climate negotiators earlier this month, helping cement America’s withdrawal from international climate diplomacy. It may also have handed a huge victory to China.
Bearish sentiment lingers for carbon market
11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
Coal use drove recent emissions increase
Fri 1 Aug 2025
Increased use of coal for electricity generation was a large driver for an increase in New Zealand’s greenhouse gas emissions in the last quarter.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
What does 'drier' really mean in 'green' homes?
Fri 1 Aug 2025
Media release - Waipapa Taumata Rau, University of Auckland | Researchers say green-rating systems could improve clarity and effectiveness by explicitly defining ‘drier’ and using two measures of humidity.
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.
Bill to restart oil and gas exploration clears final hurdle
Fri 1 Aug 2025
By Shannon Morris-Williams | The government’s Crown Minerals Amendment Bill is set to become law after passing its third reading in parliament last night, with critics calling it humiliating for the climate minister and an embarrassment to New Zealand's international reputation.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
Warmer than usual weather ahead, wetter in north and east, as La Niña signals strengthen
Fri 1 Aug 2025
Media release – Earth Sciences New Zealand | Seasonal Outlook Climate August to October 2025 suggests warm, damp weather, with La Niña’s possible return.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Wilding pines threaten Molesworth Station
Mon 28 Jul 2025
By Shannon Morris-Williams | Without increased support, the unchecked spread of wilding pines will continue to creep across Marlborough’s high country – putting iconic landscapes and one of New Zealand’s top five biodiversity hotspots at serious risk, according to an expert.
Last minute change to oil and gas legislation over cleanup costs
Thu 31 Jul 2025
By Liz Kivi | The government is expected to repeal the oil and gas ban today, with a last-minute amendment handing discretionary power to two ministers over the controversial issue of decommissioning.
A modest geothermal strategy
Thu 31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
European Central Bank to consider 'climate factor' when lending to banks
Thu 31 Jul 2025
The European Central Bank will add climate change considerations to its lending operations from late 2026, raising pressure on banks to channel financing towards greener sectors as the euro zone seeks to reduce its carbon footprint.
NZ part of hidden global deep-sea network beneath the waves
25 Jul 2025
Media release - Earth Sciences New Zealand | A world-first study of marine life, including sea creatures found in New Zealand's dark, cold, pressurised ocean depths, has revealed that deep-sea life is surprisingly more connected than previously thought.
‘Ideological sludge’: How NZ is quiet quitting climate action
17 Jul 2025
New Zealand once stood out as a world leader on climate change. In June it became the first country in the world to abandon a commitment to phase out oil, gas and coal.
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.
Hiringa eyes green methanol plant near Whanganui
Tue 29 Jul 2025
By Pattrick Smellie | Green hydrogen pioneer Hiringa Energy is deep in planning to develop an “eight-to-nine figure” methanol plant near Whanganui, using a combination of biomass and hydrogen produced using renewable energy.
Climate catastrophes are creating a ‘new market reality’ for insurance carriers
23 Jul 2025
Raging wildfires and severe storms contributed to record-high global insurance losses — totalling an estimated US$84 billion — for the first six months of the year.
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.
Multi-day protest continues at coal mine
Wed 30 Jul 2025
Bathurst Resources has been forced to truck coal from its Stockton mine as climate activists occupy coal buckets at the mine for a third day.
Fund for low emissions transport winds up
Thu 31 Jul 2025
New Zealand’s Low Emission Transport Fund has officially wrapped up, ending a nine-year programme that put hundreds of millions of dollars towards accelerating the country’s shift to cleaner transport.
Urgent action needed to get on track for climate goals - commission
25 Jul 2025
By Shannon Morris-Williams | New Zealand is making progress on reducing greenhouse gas emissions, but more work is needed – urgently – to set up for future reductions, according to the latest report from the Climate Change Commission.
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.
Toxic algae are turning South Australia’s coral reefs into underwater graveyards
Tue 29 Jul 2025
Since March, a harmful algal bloom, fueled by a marine heat wave, has been choking South Australia’s coastline.
NZ govt’s fossil fuel plans could break international law
24 Jul 2025
By Liz Kivi | The government could be breaching international law with its plans to subsidise and expand fossil fuel extraction, following a ruling overnight from the world’s highest court.
Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’
11 Jul 2025
In the midst of a record-breaking heatwave in Europe, the UK city of Exeter recently played host to the second international conference on “tipping points”.
‘Total infiltration’: How plastics industry swamped vital global treaty talks
Mon 28 Jul 2025
Petrostates and well-funded lobbyists at UN-hosted talks are derailing a deal to cut plastic production and protect people and the planet.
Activists sue US development bank over $4.6bn loan to massive Mozambique gas project
18 Jul 2025
Environmental groups claim loan is ‘unlawful’ in legal filing.
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.
Tilting at windmills? Trump’s claims about turbines fact-checked
Thu 31 Jul 2025
The US president has taken a swipe at wind power as the blades visible from his Turnberry golf course turn.
Ocean heatwaves may signal climate tipping point
25 Jul 2025
A recent study that tapped into satellite data has revealed that 2023 marked an unprecedented year for marine heatwaves, with record-breaking levels of duration, reach and intensity across the world's oceans.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Can robot taxis solve NZ's transport woes?
23 Jul 2025
By Shannon Morris-Williams | The Ministry of Transport has tested the idea of driverless taxis as a futuristic fix. But while new modelling explores how "robotaxis" could ease congestion and reduce car ownership, critics say it misses a crucial point – the country’s worsening transport emissions.
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.
EV sales fall, but it’s complicated
Tue 29 Jul 2025
Imports of fully electric vehicles fell over 50% in value during the 12 months to June 2025, compared with the year ended June 2024, according to Stats NZ.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
5 Jun 2025
By Shannon Morris-Williams | Proposed changes to New Zealand's waste legislation risk undermining public trust in the waste levy scheme, according to Parliamentary Commissioner for the Environment Simon Upton.
The struggle for control of the Arctic is accelerating - and it's riskier than ever
11 Jul 2025
As the battle for one of the world’s coldest places heats up, an increasingly fragile security balance may be breaking down, leading to an escalating arms race.
NZ voluntary carbon market’s sad state
14 Jul 2025
By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.
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.
