Topics tagged with 'Emissions trading'
Climate change outburst embarrasses Act
29 May 2009
The Act Party is distancing itself from a statement made in its name yesterday in which National Party MPs were told they would “introduce an emissions trading scheme at their peril."
Act must back ETS, says forest owner
29 May 2009
The Act Party must embrace the emissions trading scheme, says Malborough forest owner and ex-Act supporter Michael Cambridge.
Beware of 'carbon cowboys', foresters warned
29 May 2009
“Carbon cowboys” with no forestry knowledge are looking to make a quick buck from carbon trading at the expense of forest owners, says Environmental Intermediaries and Trading Group founder Richard Hayes.
$470 million NZ Units spend in the next year
29 May 2009
The Government is providing to boost spending on allocating New Zealand Units from $22 million to more than $470 million in the next financial year.
EU stands alone as world ponders carbon schemes
29 May 2009
Only the 27-member European Union has a legislated and operating emissions trading scheme to achieve the carbon pollution reduction targets it will sign up to at the United Nations climate change negotiations in Copenhagen in December, the Australian points out.
Business amoral on climate change, says Morgan
26 May 2009
New Zealand cannot rely on business to take a moral position on climate change because it is motivated by optimising profit, says economist Gareth Morgan.
Academic slams our lack of climate research
26 May 2009
New Zealand needs to invest in economic analysis if it is to keep up with climate change research being done offshore, says one of our leading climate scientists.
Uncertainty means forest industry taking a beating
26 May 2009
The forestry sector will take years to recover from the impacts of recent policy uncertainty, says forestry consultant Roger Dickie.
Business group's climate change voice remains hushed
26 May 2009
The Stephen Tindall–led Climate Change Leadership Forum’s bid to keep working seems to have sunk like a stone.
Our ETS already up and running, says law firm
26 May 2009
A publicly issued backgrounder on the emissions trading scheme by a top-tier law firm is being taken by some to represent a semi-official policy statement to the effect that the ETS is long past the point of no return.
Greens and Nationals aim to defeat Aussie emissions scheme
26 May 2009
The Australian Greens want the federal government's emission trading scheme legislation put to a vote as soon as possible - so they can defeat it once and for all.
Smith delivers significant pro-ETS policy steer
22 May 2009
National still prefers an emissions trading scheme and has hinted at ways in which the scheme can be ‘harmonised’ with Australia’s.
Dumped Wall Streeters race to join carbon trading
22 May 2009
Jobless American stock traders and other Wall Street refugees are looking to carbon trading shops for work.
Banks who kept the faith look for carbon payday
22 May 2009
For the handful of investments banks that resiliently kept their carbon-trading desks during the financial crisis, a potential payday may come a step closer this week as the US debates its emissions future.
European investors call for carbon trading revamp
22 May 2009
As fresh details emerge confirming that US legislators plan to water down proposed cap-and-trade legislation, a group of European investors have called on world leaders to move in the opposite direction and undertake urgent reforms designed to tighten up emerging carbon markets.
Analysts see carbon windfall profits for EU industry
22 May 2009
European Union moves to exempt industries such as steel, refining and cement from the cost of buying carbon permits risk handing them windfall profits and could blunt EU green investment, analysts say.
UN posts Copenhagen talks text online
22 May 2009
Progress towards achieving an ambitious new treaty on the reduction of greenhouse gas emissions is gathering pace, the top United Nations climate change official said yesterday.
Suspending ETS punishes forestry, says grower
19 May 2009
Suspending the emissions trading scheme would mean the forestry sector isn’t rewarded for the work it is doing on climate change, says Forest Enterprises’ managing director Steve Wilton.
Turnbull puts biochar at centre of emissions deal
19 May 2009
Australian Opposition leader Malcolm Turnbull has confirmed that incentives to encourage the use of biochar in the fight against climate change will be central to his negotiations with the Rudd Government over its emissions trading scheme.
GREENS 3: Business leaders welcome package
15 May 2009
The Green Party’s Green Stimulus Package is being welcomed by business and union leaders.
ETS reviewers eye June date for report
15 May 2009
The emissions trading scheme review committee could report back to Parliament by the end of next month.
Analysis: Solid Energy reveals its hand
15 May 2009
Solid Energy’s decision to close its Terrace underground mine at Reefton by mid-year points up the way in which the State-owned enterprise intends to focus on the low-hanging fruit of the coal extraction business while diversifying into non-fossil energy generation.
Forum voices opposition to ETS
15 May 2009
The Sustainable Energy Forum is being seen as a surprise opponent of the emissions trading scheme.
No special deals for NZ, Australian climate officials say
12 May 2009
Australian officials warned the emissions trading scheme review committee yesterday that were no special deals for New Zealand if it sought to align itself with the Australian carbon pollution reduction scheme.
Coal’s idea for tiny tax and trees given solid debunking
12 May 2009
Business leaders have debunked Solid Energy’s proposal for a small new carbon tax.
Air NZ wants carbon price cap in ETS
12 May 2009
Air New Zealand wants the emissions trading scheme review committee to consider including a price cap for carbon liability.
Emissions trading wrong route, say AA members
12 May 2009
Automobile Association members oppose the emissions trading scheme.
Australian carbon market does a disappearing act
12 May 2009
The delay in the Australian Government's proposed emissions trading scheme had an immediate, but virtually unreported, effect on financial markets, says the Australian.
Japanese ask world: What should we do?
12 May 2009
The nonprofit group Japan for Sustainability is asking people around the world for their comments about the country's greenhouse gas emission reduction targets.
Chauvel: We'll help National fix the mess
12 May 2009
National needs to fix the mess that it has made of climate change policy and Labour is willing to help, Labour Climate Change spokesperson Charles Chauvel says.
Solid Energy pushes new 'tax and plant' emissions strategy
8 May 2009
State coal producer Solid Energy is pushing an alternative policy to the emissions trading scheme which will see the Government raise new taxes and regulations.
No takers for first NZUs offered on Trade Me
8 May 2009
The first auction of NZUs to be listed on the internet auction site Trade Me has closed without a sale.
Aussie officials to visit amid calls to end NZ policy 'chaos'
8 May 2009
Australian officials will brief New Zealand MPs about their new emissions trading plans next week.
NZX looks to regain carbon market ground
8 May 2009
Sources say that the New Zealand Stock Exchange is looking to repossess the alternate exchange ground as well as embarking on a scheme to become an international-grade market maker in carbon .
Landfill operator wants ETS delay for waste
8 May 2009
Delaying the solid waste sector’s entry into the emissions trading scheme until 2018 and increasing the scope of the existing environmental standard for landfill gas is the way to reduce greenhouse gas emissions from New Zealand’s landfills, Envirowaste told the ETS review committee yesterday.
R&D vital to success of ETS, says Landcare
8 May 2009
Investment in research and development, particularly in New Zealand-specific climate change research, is pivotal to the success of an emissions trading scheme, Landcare Research has told the ETS review committee.
Carbon rules make it hard, says airline industry
8 May 2009
Carbon trading and increased regulation could hinder efforts to reduce aircraft greenhouse gas emissions through innovation and increased use of biofuels, airline industry leaders said this week.
We still want to harmonise, says Smith
5 May 2009
Talks on harmonising the New Zealand and Australian emissions trading schemes will continue, despite Australia’s decision to delay the start of its scheme.
Farming groups split on need for ETS
5 May 2009
Federated Farmers continued its call for the emissions trading scheme to be scrapped when it appeared before the emission trading scheme review committee yesterday - but not everyone in the agriculture sector agrees.
All eyes on first auction-site sale of NZUs
5 May 2009
The first auction of NZUs on internet auction site Trade Me closes on Thursday, with bids currently sitting at around $21 per tonne – well below the current price of secondary CERs of approximately $28 per tonne.
Solid Energy on trail of carbon accounting
5 May 2009
State-owned coal miner Solid Energy says it is well on the way to tracking carbon in its operations, but can’t say yet how the emissions trading scheme will affect the price of coal next year.
Ngai Tahu faces bill of millions in clawbacks
5 May 2009
Ngai Tahu has become an early example of the peril of ETS clawbacks, with tribal authorities indicating that it might have to pay anything between $40 million and $120 million in clawbacks, depending on the price of carbon at the time.
Rudd delays emissions trading till 2011
5 May 2009
Australian Prime Minister Kevin Rudd yesterday announced that his government would delay by one year the introduction of its emissions trading scheme.
ETS should be suspended, says coalition
5 May 2009
Greenhouse Policy Coalition executive director Catherine Beard, representing the energy-intensive sector on climate change issues, is calling on the select committee reviewing the emissions trading scheme to suspend the introduction of the industrial sector into the scheme until such time as the "flawed legislation has been properly reviewed and fixed".
Business leaders: emissions trading policy delays causing major investment blight
5 May 2009
Business leaders told the Parliamentary select committee reviewing the emissions trading scheme yesterday that indecision is stalling hundreds of millions in investments in sectors which will both benefit from or fear having a price of carbon.
Fonterra wants intensity approach to ETS
5 May 2009
Dairy production in New Zealand may be reduced by five per cent, costing the New Zealand economy $650 million annually and allowing other countries to fill the gap in global supply risking further global emissions growth, unless the existing Emissions Trading Scheme is altered, says Fonterra.
Gull wants fixed carbon price after ETS
1 May 2009
Independent oil company Gull has asked the emissions trading scheme review committee to set the price of carbon for at least the first 18 months after the liquid fuel sector enters the ETS.
Smith still quiet on Labour ETS offer
1 May 2009
The Government has not yet responded to Labour's offer to work with it on an emissions trading scheme.
ETS certainty vital, says wind energy chief
1 May 2009
Certainty over the emissions trading scheme is vital to encouraging investment in new wind-energy projects, says the Wind Energy Associaton.
Fifty years of work under threat, says Oxfam
1 May 2009
Climate change could reverse all the international development work of the past 50 years, the emissions trading scheme review committee heard yesterday.
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.
