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Topics tagged with 'Emissions trading'

More in: Emissions trading
Previous 1 ... 55 56 57 58 59 60 61 ... 72 58 of 72 Next

Govt mum on position for Poznan

28 Nov 2008

Government ministers and officials are tight-lipped the position New Zealand will take at next week’s Poznan talks preparing for next year’s Copenhagen conference on the second commitment period of the Kyoto Protocol.

Ann Smith ... real issue is lack of knowledge.

Why you should know your carbon footprint

28 Nov 2008

Taxes aren’t a barrier to operating profitably in a carbon economy, but a lack of knowledge is, says Landcare Research’s carboNZero technical manager Ann Smith.

POZNAN 1: Where the big players stand

28 Nov 2008

After a year of debate on what a post-Kyoto climate deal should look like, the United Nations has published a report setting out its ideas in the hope that it will facilitate an agreement during negotiations in Poznan, Poland, next week.

UK moves send a strong signal to NZ exporters to cut carbon

28 Nov 2008

The UK Government's move to reform air passenger duty from two to four distance bands, increasing the cost of flying to New Zealand, is just the start of actions New Zealanders will see from throughout the world in a bid to lower emissions.

ETS on hold results in some “carbon traders” promoting VCS to New Zealand exotic forest owners.

28 Nov 2008

Parties are trying to promote the voluntary carbon standard (VCS) www.v-c-s.org now the ETS is under review, says the Environmental Intermediaries & Trading Group Limited.

Forest owners to confront new minister with facts

25 Nov 2008

Forest owners expect to meet the new Minister for Climate Change Issues Nick Smith later this week to tell him what National and Act’s agreement to review and potentially scrap the Emissions Trading Scheme (ETS) is costing the industry.

Bryan Gundersen ... modified ETS likely outcome.

Don't panic, emissions expert tells NZUs sellers

25 Nov 2008

There are still opportunities for foresters looking to sell NZUs, says Kensington Swan partner Bryan Gundersen.

Oil companies hail move to look at carbon tax

25 Nov 2008

Oil and gas companies are applauding National's moves to revisit carbon tax and to overhaul the Resource Management Act, and say they are confident of a better working relationship with the new government than with the old one.

Rodney Hide ... ETS not his to hijack.

Listener criticises government's ETS move

25 Nov 2008

The new government's decision to completely review the emissions trading scheme "beggars belief", says the Listener.

British climate change bill shows how it can be done

25 Nov 2008

New Zealand lawmakers might be unable to agree on how to tackle climate change, but an extraordinary show of cross-party unity by their British counterparts is about to make that country the first in the world to have legally binding emissions reductions targets.

John Key ... international cooperation needed on climate change.

Key joins APEC leaders in call to fight climate change

25 Nov 2008

New Zealand Prime Minister John Key, whose new government has suspended the country’s emissions trading scheme, is among Asia-Pacific leaders who have collectively called for a comprehensive effort to address climate change through international cooperation.

We're now a joke in Europe, says carbon trader

21 Nov 2008

Delaying the emissions trading scheme is costing New Zealand the chance to be the major Asian carbon market hub, says a leading New Zealand trader.

Hold on to your carbon credits, experts advise

21 Nov 2008

New Zealanders shouldn’t buy or sell carbon credits until the Government’s plans for the emissions trading scheme are clear, says a prominent law firm.

Julia Hoare ... we're moving into a carbon-constrained world.

NZ businesses told: Get used to it, carbon rules

21 Nov 2008

New Zealand business will have to account for its carbon – regardless of whether it is through an emissions trading scheme or a carbon tax, says PricewaterhouseCooper partner and sustainability specialist Julia Hoare.

Protests follow UK’s first carbon permits auction

21 Nov 2008

The UK government is facing protests from various quarters after it said that the proceeds of the sale of carbon permits would not necessarily be used to tackle climate change issues.

Ed Miliband ... Britain a world leader.

British MPs pass landmark climate change bill

21 Nov 2008

MPs have given final approval to a bill committing Britain to cut greenhouse gas emissions by 80 per cent by 2050 - the first country to have such a legally binding framework on climate change.

National already breaking promises on climate change, says Labour

21 Nov 2008

National leader John Key's U-turn on the Emissions Trading Scheme is his first broken promise, says the outgoing Minister for Climate Change Issues, David Parker.

Business council not surprised by ETS review

21 Nov 2008

Business leaders not surprised by emissions trading review, but concerned about suspending the act, says the Business Council for Sustainable Development.

EXCLUSIVE: Carbon market leader shelves NZ plans

18 Nov 2008

One of the biggest players in the world carbon market has put plans to set up in New Zealand on hold in the wake of the new government’s decision to review the emissions trading scheme.

Mark Franklin ... nobody knows what's happening.

NZUs 'dead' as carbon market struggles with confusion

18 Nov 2008

Sales of NZUs are effectively dead as carbon markets struggle to understand the implications of the new government's moves on the ETS.

Roger Dickie ... buying orders for land cancelled.

ETS delay deal scuppers forestry project worth millions

18 Nov 2008

A $125 million forestry project has been scrapped and scores of forestry jobs lost as a result of a deal between the Act and the new National government to review the emissions trading scheme.

Fraser Clark ... extent of ETS review disappointing

Worried investors back off renewables sector decisions

18 Nov 2008

Investment decisions in the renewable energy sector are hanging in the balance because of uncertainty over the future of the emissions trading scheme.

Nick Smith ... emissions going through the roof.

Nats' ETS position changes from promise to preference

18 Nov 2008

The National Party has changed its pre-election promise to have an emissions trading scheme up and running by January 1, 2010 to a “preference”.

Big Three power companies silent on changes

18 Nov 2008

Most power companies are remaining tight-lipped in the wake of news that the National-led government will scrap the ban on new non-essential fossil-fuelled power stations and will review the emissions trading scheme.

Review of climate change law applauded

18 Nov 2008

Business welcomes the National government’s rapid move to reviewing the emissions trading scheme as they promised, the Employers and Manufacturers’ Association (Northern) says.

National reneges on climate change commitments

18 Nov 2008

The Environmental Defence Society has expressed “profound dismay and disappointment” at National’s confidence and supply agreement with ACT.

Fundamental change towards government spending

18 Nov 2008

Decisions made by the incoming Government signal a fundamental change in attitude to government spending, says Business NZ.

ETS uncertainty worries geothermal developers

14 Nov 2008

Uncertainty over the future of the emissions trading scheme and the thermal generation moratorium is casting doubt over the development of new geothermal projects in the Bay of Plenty.

Time to be climate-positive, NZ businesses told

14 Nov 2008

New Zealand businesses should be embracing a climate-positive future instead of seeing climate change legislation as something from which they need protecting.

FORUM: O'Reilly on leadership group

14 Nov 2008

Your November 11 article O’Reilly questions future of leadership forum could be interpreted as criticism of the individuals on the Leadership Forum on Climate Change.

Exxon Mobil chief slams Australian ETS modelling

14 Nov 2008

Oil giant Exxon Mobil has taken a potshot at the Australian Treasury's view of the likely economic effects of emissions trading, saying it wanted no part of the carbon reduction scheme.

Rodney Hide ... it's best to do nothing.

Hide stands firm: ETS should be scrapped

11 Nov 2008

The future of the emissions trading scheme is back on the table today as National and Act continue negotiations to form a government.

Alasdair Thompson ... it isn't going to happen.

Ditch ETS and we're in big trouble, say business bosses

11 Nov 2008

Business leaders are warning against scrapping the emissions trading scheme, saying New Zealand risks international trade sanctions and missing out on business opportunities.

Don Nicolson ... time for a re-think.

Time for another look at carbon tax, say farmers

11 Nov 2008

Federated Farmers wants the carbon tax revisited.

Phil O'Reilly ... forum highly politicised.

O'Reilly questions future of leadership forum

11 Nov 2008

Business New Zealand chief Phil O’Reilly is questioning the future role of the Leadership Forum on Climate Change in overhauling the emissions trading scheme, saying that it is highly politicised.

Kevin Rudd ... opinion polls show support wavering.

Rudd under pressure to water down emissions scheme

11 Nov 2008

Australian Prime Minister Kevin Rudd is under pressure to water down his government’s plans to tackle climate change as the global financial crisis threatens jobs and economic growth, experts say.

David Parker ... network could be world-first.

Labour eyes nation-wide electric-car charging network

7 Nov 2008

The Labour Party has announced an election-eve plan for a nationwide infrastructure to recharge electric cars, saying New Zealand could be the first country in the world to get such a network in place.

Nat's bedfellows happy to cuddle up with energy policy

7 Nov 2008

National’s energy policy sits well with two of its three likely coalition partners.

Fisheries TAG in the wings as others wind down

7 Nov 2008

A fisheries ETS technical advisory group is due to be set up next year, but most other advisory groups are winding up.

Concrete makers fear dose of the 'coal syndrome'

7 Nov 2008

The Cement and Concrete Association is sustaining its charm offensive for fear of catching the "coal syndrome" - in which a product becomes so politically negative that it's shipped out of the country to be used elsewhere.

New EU states team up against parts of climate plan

7 Nov 2008

Seven eastern members of the European Union have upheld a joint stand against parts of the bloc's climate package which they fear could harm their economies.

Parker jobs claim wrong, says coalition

7 Nov 2008

Climate Change Minister David Parker’s claims that the current emissions trading scheme will not only be good for the environment, but will increase jobs during the predicted slump, are completely at odds with the views of our leading economists, says the Greenhouse Policy Coalition.

Jeanette Fitzsimons ...

Key ETS agriculture decisions out this month

4 Nov 2008

Officials’ recommendations on how the emissions trading scheme should be applied to the agricultural sector – including the controversial point-of-obligation – will be released at the end of this month.

Steel manufacturer calls for global carbon regime

4 Nov 2008

Glenbrook steel mill owner Bluescope is calling for a global carbon scheme.

Agriculture and emissions trading don’t mix, says report

4 Nov 2008

Imposing emissions trading on to agriculture is like trying to fit a saddle on a cow, the Australian Government has been told in a report released yesterday.

Penny Wong ... we'll wait for Copenhagen.

Rudd government to go easy on emissions trading scheme

4 Nov 2008

The Australian Government has no ambitions to set an example by moving dramatically ahead of other countries with its emissions trading regime, Climate Change Minister Penny Wong says.

Expert praises China's will to tackle climate change

4 Nov 2008

China's newly released white paper on climate change demonstrates that China has a strong "political will" to tackle global warming, says a German climate policy professor.

Global recession reaches carbon market

4 Nov 2008

The global economic recession will have a significant effect on the European carbon market, nearly halving the shortfall in EU Allowances (EUAs), according to a new projection in the latest weekly report from IDEAcarbon, a leading carbon market analysis and research firm.

Nervous foresters: We don't want policy flip-flops

31 Oct 2008

Foresters awaiting regulations due to released at the end of the year in order to make firm calculations of their carbon credits and liabilities fear that a new government might turn the existing policy on its head.

Stephen Tindall

Forum leaders keen to keep on being heard

31 Oct 2008

The Climate Change Leadership Forum is making a bid to keep going.

Adaptation
More >

NZ urged to grab a slice of burgeoning $35 billion market for nature credits

Fri 13 Mar 2026

By Shannon Morris-Williams | New Zealand could unlock strong domestic and international demand for high-integrity nature-based credits, if government, investors and restoration groups work together to scale supply, a new report says.

Agriculture
More >
School Strike for Climate founder Sophie Handford, eco-farmer Sam Hogg, and climate and indigenous rights advocate Kaeden Watts at the Kiwis in Climate book launch.

Rod Carr is ‘over’ climate change defeatism

Fri 13 Mar 2026

By Pattrick Smellie | If there’s one thing former Climate Change Commission chair Rod Carr is “over”, it’s people saying there’s nothing they can personally do to address climate change.

Airlines
More >

Auckland Airport switches on giant heat pump system to cut gas use

6 Mar 2026

By Shannon Morris-Williams | While Auckland Airport’s switch from gas to heat pumps is welcome, the emissions savings are dwarfed by ongoing aircraft emissions, which are set to rise, according to a sustainable transport expert.

Aviation
More >

Air NZ joins Marsden Point SAF project

3 Mar 2026

By Pattrick Smellie | Air New Zealand has quietly added its name to a consortium exploring the viability of green hydrogen production for sustainable aviation fuel at Channel Infrastructure’s Marsden Point energy hub.

Biodiversity
More >
Professor Peter Macreadie measuring carbon sequestration in mangrove forests around Cairns

Carbon markets risk penalising Indigenous stewardship, researchers warn

5 Mar 2026

Carbon markets designed to reward environmental restoration may be unintentionally disadvantaging Indigenous communities who have long protected intact ecosystems, according to new research.

Biofuels
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Govt’s own modelling shows LNG leads to higher electricity prices than other solutions

19 Feb 2026

By Christina Hood | COMMENT: According to modelling conducted by Concept Consulting for MBIE, either developing the Tariki gas storage facility or managing electricity demand would deliver lower wholesale electricity prices than the Government’s preferred solution of an LNG import terminal.

Carbon Credits
More >

Kenya’s latest carbon credit crackdown reveals questionable practices

Wed 11 Mar 2026

Some players use sophisticated tactics to inflate the value of credits that may not represent genuine, permanent emissions reductions.

Carbon News world
More >

Countries agree to record release of emergency oil reserves as prices surge

Fri 13 Mar 2026

Dozens of countries have agreed to release a record amount of oil from their emergency reserves to try to tackle supply shortages and soaring prices.

Carbon prices
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Bidders no-show at carbon auction – again

3 Mar 2026

By Liz Kivi | As predicted, today’s carbon auction yet again failed to attract any bidders, with NZUs currently trading hands on the secondary market at a 35% discount on this year’s auction floor price.

Coal
More >

3,600 times faster: China is shaking up the steel industry

25 Feb 2026

For over a century, making steel meant coal, heat, and hours of waiting. A Chinese research team now reports collapsing that process into just three to six seconds; no coal, near zero emissions, and a vortex lance already moving toward commercial production. The technology is called flash ironmaking, and in February 2026, its implications are still unfolding.

Comment
More >

Hormuz crisis critical to New Zealand

Tue 10 Mar 2026

By Nathan Surendran | COMMENT: Why the Hormuz crisis is a symptom, not the disease – and what it means for New Zealand.

Construction
More >

Sustainable retail-office project breaks ground under new Green Star framework

19 Feb 2026

Construction is set to begin on a new retail-office development in central Auckland, which is targeting a 40% reduction in embodied carbon and 25% lower energy.

COP
More >
Resources Minister Shane Jones and New Zealand First deputy leader Shane Jones

Opposition attacks Govt over fossil fuel phaseout backdown

2 Feb 2026

By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.

Energy
More >

Renewables surge cuts power emissions, but oil dominates fossil fuel use

Fri 13 Mar 2026

By Shannon Morris-Williams | New Zealand’s fossil fuel emissions fell in 2025 as strong renewable electricity generation reduced the need for gas-fired power, but oil consumption is rising and now accounts for a record share of fossil emissions.

Extinction
More >
WWF-New Zealand chief executive Kayla Kingdon-Bebb

Environmental groups call for ETS reform

20 Feb 2026

Several environmental organisations are calling on political parties to make climate and biodiversity central to the 2026 election campaign, with reforming the Emissions Trading Scheme seen as a key priority.

Extreme weather
More >

Climate Commission called to Waitangi inquiry over alleged breaches

Tue 10 Mar 2026

By Liz Kivi | The Climate Change Commission is being called to front up to the Waitangi Tribunal and give evidence over alleged legal breaches of its obligations to Māori.

Fishing
More >

Transport dominates NZ’s rising consumer emissions

10 Dec 2025

By Shannon Morris-Williams | Transport pollution was the biggest contributor to an increase in New Zealand’s consumption-based emissions in 2023, with emissions from household travel up 12%, and consumption-based emissions totalling 58.3 million tonnes – up 1.6% from the previous year.

Forestry
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From forest to flatpack, IKEA faces timber traceability test

Wed 11 Mar 2026

As the EU’s Deforestation Regulation nears implementation this year, furniture giant IKEA may need stronger traceability systems to prove its timber isn’t linked to post-2020 deforestation.

Gas
More >

Greenpeace slams Govt climate policies amid rising petrol prices

Thu 12 Mar 2026

As petrol prices climb to $3 a litre, Greenpeace is blaming Government decisions for leaving Kiwis harder hit by the oil price spike.

Geothermal
More >

RMA to speed up fossil fuel consents

18 Aug 2025

By Liz Kivi | An energy lobby group has welcomed a last-minute amendment to the RMA that puts fossil fuels on the same footing as renewables, however a sustainable energy expert says the move “beggars belief.”

Green finance
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Gaps in adaptation taxonomies hinder climate finance in Asia: report

5 Mar 2026

Without clearer criteria and metrics in adaptation taxonomies, Asia risks widening its climate financing gap, warns a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).

Greenhouse Effect
More >

Russia gets export boost from Iran war as price of oil to India surges

Tue 10 Mar 2026

The war in Iran has fuelled a significant bump ​in demand for Russian oil and gas, the Kremlin said on Friday, boosting exports which have been battered by sanctions linked to Russia's war in Ukraine.

Greenwashing
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Five trees can’t offset a car: Lawyers accuse Mazda of greenwashing

Mon 9 Mar 2026

By Shannon Morris-Williams | Lawyers for Climate Action NZ is taking Mazda to the Advertising Standards Authority over its claims that a tree-planting programme will offset vehicle emissions.

Hydro power
More >
Climate Change and Energy Minister Simon Watts

Govt missing opportunity to slash electricity prices, says expert

11 Feb 2026

By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.

Hydrogen
More >
(From top left onscreen) Linda Wright, NZ Hydrogen Council CEO, Ian Kennedy, NZ Committee for the Japan-NZ Business Council, Makoto Osawa, Ambassador to NZ, with other NZ Govt and Japanese company reps at the inaugural meeting last week

Japan eyes New Zealand as green hydrogen export hub

Thu 12 Mar 2026

By Shannon Morris-Williams | A new partnership between major Japanese companies aims to explore exporting green hydrogen from New Zealand – but the economics of producing the energy-hungry fuel remain the biggest hurdle.

Insurance
More >

Wales council to buy and demolish homes prone to flooding

4 Feb 2026

A row of homes in a village in south Wales is to be bought by a local authority and demolished as they can no longer be protected from flooding caused by the climate crisis.

Kyoto
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Waitangi Treaty Grounds

Climate law change spanner in the works for Waitangi Tribunal Inquiry

19 Dec 2025

By Liz Kivi | The Government’s controversial changes to New Zealand’s legal framework for climate policy have thrown a spanner in the works for a long-running Waitangi Tribunal Inquiry into climate change.

Litigation
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EDS puts environmental lawmaking under the spotlight

26 Feb 2026

Media Release |The Environmental Defence Society has launched the first in a series of investigative pieces into how environmental laws are being made in Aotearoa New Zealand.

Low carbon
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New Zealand Climate Foundation CEO Izzy Fenwick

Climate 'dream team' launches foundation targeting 100 million tonnes in emissions cuts

25 Feb 2026

By Shannon Morris-Williams | The New Zealand Climate Foundation, which has the ambitious aim of cutting 100 million tonnes of greenhouse gas emissions by 2035, had its official launch on Monday.

Mining
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Expert Panel invites EDS to comment on Bendigo goldmine

Fri 13 Mar 2026

Media release | The Environmental Defence Society has been invited to provide comment on the Bendigo-Ophir gold mine by the expert Panel tasked with deciding the fast-track project.

NZ ETS
More >

If the government is set on an LNG terminal, gas users, not electricity users, should pay

Wed 11 Mar 2026

By Christina Hood | COMMENT: It's increasingly clear that the government's narrative of LNG as ‘dry year electricity insurance’ really doesn't stack up.

NZ Market Report
More >

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.

Oceans
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Tiny, lost and constipated: what a baby turtle told Australian scientists about warming seas

6 Mar 2026

The arrival of loggerheads in New South Wales shows these ‘sentinels of climate change’ are being forced into unknown territory.

Paris Agreement
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The world’s largest climate finance deal was built to flounder: why funding fails to reach the front‑line

6 Mar 2026

Adopted in December 2015, the Paris Agreement commits countries to keeping global temperature rise below 2°C above pre-industrial levels.

Planetary boundaries
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Kiwis overly optimistic about state of environment

27 Feb 2026

By Shannon Morris-Williams | New research suggests many New Zealanders believe the environment is in better shape than it really is, with public perceptions often out of step with scientific evidence.

Plastics
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‘They pushed so many lies about recycling’: the fight to stop big oil pumping billions more into plastics

24 Feb 2026

Plastic production has doubled over the last 20 years – and will likely double again. For author Beth Gardiner, metal water bottles and canvas tote bags are not the solution. So what is?

Policy development
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Todd gets nod to drill first super-critical geothermal well

Thu 12 Mar 2026

By Pattrick Smellie | Todd Energy is to make its sole oil drilling rig available to drill the first exploration well under the government’s $60 million super-critical geothermal resource exploration programme under a ‘preferred supplier’ agreement announced yesterday.

Protest
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Media round-up

20 Feb 2026

In our round-up of climate coverage in local media: 'Every tonne matters': The climate scientist who wants to give you hope; Minister says managed retreat is an option; and climate change is here – is New Zealand ready?

Rare earth minerals
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China has a new competitor? Kazakhstan reveals huge rare Earth deposit that could power the next tech boom

25 Feb 2026

China’s grip on rare earths might finally see some competition, and the world is already taking notice.

Renewable energy
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How falling battery costs are igniting race for round-the-clock solar power

Fri 13 Mar 2026

By combining the solar array with a massive amount of battery capacity, the aim is to store enough power generated during daylight hours so that a minimum of 1 GW of electricity – enough to power between 500,000 and one million homes – is available 24 hours a day, 365 days a year.

Science
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Native plant shows promise for tackling `forever chemicals’

Wed 11 Mar 2026

Media release: University of Auckland | One of Aotearoa New Zealand’s taonga plants, harakeke, shows promise as a treatment for removing “forever chemicals” from drinking water.

Tax
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Conservation Minister Tama Potaka

DOC trims costs and winds down jobs for nature

10 Nov 2025

The Department of Conservation (DOC) is entering a new phase of tighter budgets and structural change as it winds down the pandemic-era Jobs for Nature programme and reshapes its operations to absorb long-term cost pressures.

Technology
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Claims that AI can help fix climate dismissed as greenwashing

18 Feb 2026

Tech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report.

The House
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Pacific climate response in question as NZ finance remains unclear

19 Dec 2025

By Shannon Morris-Williams | With New Zealand's $1.3 billion international climate finance commitment set to end with no clarity on what follows, the Auditor-General says oversight of that funding remains patchy and long-term outcomes are unclear.

Transport
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NZ EV owners sticking with electric – survey

Wed 11 Mar 2026

Nearly all New Zealand EV owners say they would buy another electric vehicle, according to new research from Consumer NZ.

United Nations
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Summit aims to revive stalled UN talks on phasing out fossil fuels

Wed 11 Mar 2026

Colombia and the Netherlands have set out three priorities for a conference on phasing out fossil fuels they will co-host in Colombia in April.

Waste
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Infrastructure plan calls for ‘predictable approach’ to electrifying economy

18 Feb 2026

Aotearoa’s first National Infrastructure Plan, introduced to Parliament yesterday, calls for "a predictable approach to electrifying the economy" as one of ten priorities for the next decade.

Water
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Global coastal sea-level risks may be underestimated, say scientists

5 Mar 2026

By Shannon Morris-Williams | Coastal communities across the Pacific and Southeast Asia could be facing greater sea-level rise risks than previously estimated, researchers say.

Wildfires
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Study finds warming world increases days when weather is prone to fires around the globe

20 Feb 2026

The number of days when the weather gets hot, dry and windy — ideal to spark extreme wildfires — has nearly tripled in the past 45 years across the globe, with the trend increasing even higher in the Americas, a new study shows.

Wind energy
More >

Western Australian communities want mandatory payments from new renewable developments

6 Mar 2026

The West Australian government wants to make new wind and solar farms pay into community funds, but host towns say more work needs to be done to make sure the payments actually happen.

More in: Emissions trading
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