Topics tagged with 'Emissions trading'
Climate plan risks high future costs
29 Aug 2024
The government’s ‘least cost approach’ to emissions reductions risks passing on significant costs to future generations, according to the Parliamentary Commissioner for the Environment.
Reported emissions down, carbon market up
28 Aug 2024
The Environmental Protection Authority published the latest Emissions Trading Scheme data on emissions and removals earlier this month, with reported emissions down overall, while reported removals increased.
Govt still working on land use restrictions for ETS: Watts
23 Aug 2024
Climate change minister Simon Watts says the government is still working on policy to restrict land entering the Emissions Trading Scheme but hopes to deliver it “this side of Christmas.”
Carbon market buoyed by ETS settings announcement
21 Aug 2024
The carbon price shot up yesterday, following the government’s announcement it would reduce auction supply of carbon credits by more than half.
Govt slashes ETS auction volumes
20 Aug 2024
The government has slashed Emissions Trading Scheme auction volumes from next year, following the Climate Change Commission’s advice to reduce the amount of units on offer at auction by more than half.
UN-backed organisation approves Fonterra’s climate targets
19 Aug 2024
By Jon Rawlinson | The world’s top corporate climate-target verifier, the London-based Science Based Targets initiative, has approved Fonterra’s emissions reductions targets.
Govt keeping options open on international climate targets: Watts
15 Aug 2024
By Liz Kivi | The government is looking at multiple ways to meet New Zealand’s 2030 Nationally Determined Contribution (NDC), according to climate change minister Simon Watts.
Carbon market plays waiting game with ETS announcement to come
9 Aug 2024
The carbon price stayed relatively flat last week, but with a high volume of NZUs changing hands, as the market awaits the government’s upcoming announcement on Emissions Trading Scheme settings.
Carbon capture – climate plan not clear cut
6 Aug 2024
Capturing carbon is capturing imaginations, but can it live up to the government’s expectations?
How is the draft Emissions Reduction Plan supposed to work?
5 Aug 2024
COMMENT: In its new climate plan, the coalition government seems to be setting New Zealand up to withdraw from the world carbon market before 2035, argues economist Geoff Bertram.
Carbon futures offer new opportunity for forest owners
1 Aug 2024
By Liz Kivi | The first few days of trade for Australian and New Zealand carbon futures contracts on the Australian Securities Exchange got off to a slow start since launching on Monday.
Singapore Carbon Market Alliance launches
1 Aug 2024
Media release | The Singapore Economic Development Board and IETA have launched the Singapore Carbon Market Alliance, the first platform in Singapore aimed at helping companies obtain access to high-quality Article 6 carbon credits.
Significant risk Aotearoa will not meet climate targets: Climate Commission
31 Jul 2024
There is a significant risk that New Zealand will not meet future emissions reductions targets, according to a new report from the Climate Change Commission.
Govt not ruling out supporting bill to prevent councils considering climate impacts
26 Jul 2024
Climate change minister Simon Watts has not ruled out supporting a controversial private member’s bill to stop regional councils from considering climate change impacts in consenting decisions.
Commtrade makes spot price unavailable
25 Jul 2024
By Liz Kivi | Jarden’s digital carbon trading platform, Commtrade, has locked market watchers and the general public out of viewing its last traded spot price, just as the government said it wanted to improve market transparency.
Carbon market ‘underwhelmed’ by govt climate plan
24 Jul 2024
The carbon market barely blinked last week when the coalition government released its major climate policy, the second emissions reduction plan, which is intended to chart a path to reach climate targets to 2030.
British trading house Marex launches in NZ
19 Jul 2024
UK trading house Marex has officially launched in New Zealand, with an office in Auckland and plans to start its own carbon trading platform.
Media round-up
19 Jul 2024
In our weekly round-up of climate coverage in local media: how the government's climate plan does less with more; experts say the plan puts NZ's reputation at risk; and why getting the ETS right will be critical to investment.
New plan might see climate change minister in court
18 Jul 2024
Lawyers for Climate Action say there are “significant concerns” about whether the government’s new climate plan will achieve its climate targets, and could be in breach of the Climate Change Response Act.
Foresters say govt planting forecasts are wrong
18 Jul 2024
Foresters say the government's planting forecasts in its new climate plan are wrong, with the actual planted areas likely to be about half the government’s projections in 2024, according to the New Zealand Institute of Forestry.
Govt releases emissions reduction plan
17 Jul 2024
Climate change minister Simon Watts has released the second emissions reduction plan for consultation, with proposed changes to the Emissions Trading Scheme including aligning ETS units with emissions budgets and reviewing the free industrial allocation of units.
What does Denmark’s carbon tax mean for NZ?
17 Jul 2024
By Nick Swallow | COMMENT: A few weeks back Denmark announced a proposal to introduce a tax on agricultural greenhouse gas emissions by 2030.
Jarden launches commtrade platform in Australia
16 Jul 2024
Jarden is launching its renewables trading platform in Australia, looking to grow carbon credits trading as the energy transition continues.
ACT submits bill to stop regional councils considering climate impacts
15 Jul 2024
ACT MP Mark Cameron has lodged a new member’s bill to stop regional councils from considering climate change impacts in consenting decisions.
Climate strategy contradictory - or step in the right direction?
11 Jul 2024
A climate policy expert and IPCC lead author is concerned that progress on climate will be lost if the government doesn’t overhaul the Emissions Trading Scheme and introduce other complementary policies to reduce emissions.
Govt must not lower ETS auction floor price
11 Jul 2024
By Nigel Brunel | OPINION: The coalition government has undermined confidence in our central mechanism to deal with climate change, the Emissions Trading Scheme, and needs to stop meddling and start building back confidence in the market.
Watts unveils five-point climate strategy
10 Jul 2024
Climate change minister Simon Watts this morning announced a strategy of “five core pillars” to deliver climate change goals.
Initial carbon trading boost following stockpile reduction
9 Jul 2024
There was an initial “flurry” of carbon units trading hands on the secondary market last week, following a government update revealing a 25 million decrease in the stockpile of units in private accounts.
Carbon credit ‘stockpile’ down by 25 million units
4 Jul 2024
The NZU ‘stockpile’ has shrunk by 24.5 million NZUs, with emitters surrendering their units ahead of the May 31 deadline removing a hefty chunk of the surplus, according to the latest government figures.
Jones says he hopes Climate Commission CEO is removed
3 Jul 2024
Minister for Resources Shane Jones says he hopes that the chief executive of the Climate Change Commission will soon be removed from her job.
Where did govt suggestion for lower NZU prices come from?
3 Jul 2024
When a recent consultation on Emissions Trading Scheme settings suggested a lower pricing corridor for NZUs, prices in the secondary carbon market plummeted and have continued to stay moribund.
Govt announces methane review panel and terms
1 Jul 2024
Last week the government announced the panel and terms for its inquiry into methane targets for agriculture in line with “no additional warming” - but ministers had conflicting ideas about the inquiry.
Carbon market: auction floor now 'ceiling price'?
27 Jun 2024
By Liz Kivi | The price of NZUs has hovered around the $50 mark following last week’s failed auction, with some experts saying the auction floor price of $64 now represents a kind of “ceiling price” which secondary market trading will stay below.
Watts agrees more work needed to restore confidence in ETS
24 Jun 2024
Climate change minister Simon Watts agrees that more needs to be done to restore confidence and stability to the emissions trading scheme, while also saying the scheme is the government’s key tool to do the “heavy lifting” to reduce emissions.
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.
Wait for the emissions reduction plan: Watts
20 Jun 2024
By Liz Kivi | The failure of yesterday’s carbon auction doesn’t mean the Emissions Trading Scheme isn’t working, according to climate change minister Simon Watts.
June carbon auction fails
19 Jun 2024
As market participants were predicting, this morning's carbon auction has failed, leaving millions of units to roll over to the next auction, and increasing the likelihood that the rest of this year’s auctions will fail as well.
Transpower poised to sell emsTradepoint
19 Jun 2024
Transpower says it has had several expressions of interest from buyers for its unwanted subsidiary, emsTradepoint, which runs New Zealand’s government-owned carbon trading platform, as well as the only wholesale gas trading platform in the country.
Carbon auction preview: Experts predict likely failure and govt lost revenue “own goal”
18 Jun 2024
Experts are picking tomorrow’s carbon auction will fail, with no incentive for participants to bid at prices more than 20% higher than the current secondary market price.
MfE consultation risks landing government back in court
18 Jun 2024
Lawyers for Climate Action NZ has warned MfE that its approach to ETS settings in its consultation document could land the government back in court.
Govt cans controversial forestry ETS charges for this year
17 Jun 2024
Foresters have welcomed the government’s announcement that it is cancelling forestry ETS annual services charges for 2023-24.
ASX to offer NZU futures contracts
17 Jun 2024
The Australian Securities Exchange is set to launch futures contracts for New Zealand Units in July.
Media round-up
14 Jun 2024
In our weekly round-up of the climate coverage in local media: Uncertainty abounds in the ETS; a major Atlantic current collapsing could disrupt NZ’s climate again; and is the government focussing on drilling or climate ambition – it can’t be both.
Expert slams govt delay in pricing agricultural emissions
12 Jun 2024
The coalition government has reaffirmed greenhouse gases from agriculture won’t be covered in the Emissions Trading Scheme and Cabinet is disestablishing primary sector climate action partnership He Waka Eke Noa.
Carbon price up 20%
6 Jun 2024
The NZU price has jumped more than 20%, up from about $45 early last week, last fixing at $56 on the Commtrade platform this morning.
Tiwai deal could lead to multi-billion dollar govt carbon pollution subsidy
5 Jun 2024
Rio Tinto could get close to a million free carbon credits each year under its new electricity supply deal for Tiwai Point Aluminium Smelter - a government subsidy that could amount to a possible $2 billion during the 20 year life of the deal, according to campaigners.
Flaws in NZ ETS make international news
4 Jun 2024
Problems with the New Zealand Emissions Trading Scheme are making headlines globally.
Budget prioritises adaptation over emissions reductions
31 May 2024
The government is prioritising stop banks and floodwalls over initiatives to reduce emissions, with the $1.2bn Regional Infrastructure Fund to focus on climate resilience efforts, while hundreds of millions of dollars of funding for conservation efforts has been cut.
Climate change minister faces up to some difficult questions
30 May 2024
By Liz Kivi | The climate change minister faced some awkward questions at the Carbon and Energy Professionals conference this week, against a backdrop of falling carbon prices.
Management team working to save emsTradepoint as Transpower announces closure
27 May 2024
New Zealand’s government-owned carbon trading platform emsTradepoint is set to close, but the operations team want the platform to continue and say they are working with the state-owned entity on a management buyout.
Politicians need to ‘get over themselves’ to reduce emissions
Fri 24 Jul 2026
New Zealand needs to face up to two big areas of climate emissions: transport and agriculture, says climate policy expert Bronwyn Hayward.
Media round-up
Fri 24 Jul 2026
In our round-up of climate coverage in local media: Labour leader Chris Hipkins floats the idea of a carbon border tax; two-way charging between the garage and the grid will slash power bills; and cost isn't everything when it comes to rooftop solar.
$30m airline fund risks ‘burning public money’ without lasting benefit – expert
20 Mar 2026
By Shannon Morris-Williams | A $30 million government package to support regional air routes risks delivering poor value for money while increasing emissions, according to transport strategist Tim Adriaansen.
Media round-up
9 Jul 2026
In our round-up of climate coverage in local media: The Government re-wrote fast-track law after mining companies pushed for change; costs from inland flooding are expected to rise by up to 53% by 2075; and is there such a thing as a sustainable tourist?
Contact: New biodiversity goal may be 'highly problematic' for renewable projects
Fri 24 Jul 2026
By Oli Lewis | The goal of no net loss of indigenous biodiversity in the new resource management system may be highly problematic for renewable energy developments, Contact Energy says.
Biomass can free-up electrons to perform higher value roles – with multiple other benefits
Fri 24 Jul 2026
By Rob Mallinson | OPINION: New Zealand’s energy debate too often treats electricity as the universal solution.
Govt should bin draft voluntary market assurance and start again – expert
Fri 24 Jul 2026
By Liz Kivi | The Government is consulting on its criteria for endorsing domestic nature and carbon markets, however market experts say the draft document falls short of what is needed to support trust in the market and stop low-integrity credits being sold.
Panama Canal braces for El Niño, announcing first transit restrictions
Fri 24 Jul 2026
The probability of a severe El Nino has risen from 25% to 81% and the Panama Canal is preparing to restrict transits.
Red Stag boss questions $60m cement support as timber ETS reforms stall
Thu 23 Jul 2026
By Oli Lewis | The Government has granted $60 million to an emissions-intensive industry while dragging its feet on a proposal to allow firms making harvested wood products to earn carbon credits in the Emissions Trading Scheme, an industry leader says.
Coal is back in Australian Super’s portfolio. What happened to that net zero pledge?
13 Jul 2026
In 2020 Australia’s biggest super fund dumped its Whitehaven shares. Fast forward to 2026 and it is now the coalminer’s single biggest investor.
Politicians need to lead on climate: Carr
30 Jun 2026
As the election campaign heats up, former Climate Change Commission chair Rod Carr has a list of actions he's hoping to see from our aspiring leaders, which includes confronting climate denial as well as refusing funds or policy advice from vested interests.
EMA pushes for steady hand on energy and regulation
13 Jul 2026
By Shannon Morris-Williams | The Employers and Manufacturers Association wants the next government to commit to a long-term energy plan and allow faster investment in renewable generation, at the same time as slowing the pace of policy change and providing businesses with greater certainty.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
21 Apr 2026
Hungary has played a disproportionate role in EU climate and energy policy in recent years, by repeatedly vetoing climate action and by delaying the phaseout of Russian fossil-fuel imports.
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.
Climate change keeps adding to the list of uninsurable assets, Allianz executive says
Fri 24 Jul 2026
Extreme weather events — such as the heat wave that just hit Europe — are making more and more assets too risky to insure, according to a director at Europe’s largest primary insurer.
Tarakihi on verge of extinction: Stock collapse exposes major fisheries management failings
3 Jul 2026
Media release: Environmental Defence Society | Fisheries NZ is consulting on new sustainability measures for the country’s two tarakihi stocks.
Emissions Trading Scheme ‘stockpile’ shrinking
9 Jul 2026
By Liz Kivi | The “stockpile” of NZUs in private accounts continues to shrink, with the latest Environmental Protection Authority figures showing the number has dropped by 9.5 million since this time last year.
West Africa signs off $25bn mega gas-pipeline plan
Wed 22 Jul 2026
One of Africa's most ambitious energy infrastructure projects has finally been signed off at the highest level, with West African leaders formally endorsing the long-awaited Nigeria-Morocco Atlantic Gas Pipeline.
NZ First’s oil and gas plan ‘doesn’t stack up’ – professor
Tue 21 Jul 2026
By Liz Kivi | NZ First’s plan to invest $1 billion in offshore oil and gas exploration doesn’t make economic sense, says Auckland University emeritus professor and energy economics expert Basil Sharp.
$3m Govt boost for Tauranga geothermal energy
14 Jul 2026
By Liz Kivi | Resources Minister Shane Jones has announced a $3 million grant for the Gas to Geoheat Tauranga Geothermal System Project as part of the Government's plan to double geothermal energy by 2040.
Will new UK PM’s green measures at home cause climate finance pain overseas?
Thu 23 Jul 2026
Andy Burnham will cut bus fares and household electricity tax in a boost for UK climate action – but this will be funded partly by switching international climate finance from grants to loans.
The thriving coral reef that ‘defeated time’ in West Africa
Wed 22 Jul 2026
A 60-year mystery has been solved as researchers discover a coral ecosystem on the Benin-Togo continental shelf that is still teeming with marine life.
‘Master class in greenwash’ as Ottawa unveils CCS deal
20 Jul 2026
A multi-billion-dollar plan to transport and store greenhouse gas emissions from Canada’s emissions-intensive oil sands has received a major boost, even though the highly-touted deal between Ottawa, Alberta, and the five oil major sands companies will only capture a tiny fraction of the oil sands’ climate pollution.
Lake Onslow pumped hydro consortium secures funding for consent push
26 Jun 2026
By Oli Lewis | The consortium behind Lake Onslow pumped hydro has secured funding to finalise its resource consent application, aiming to lodge it under the fast-track process before 2027.
Ballance secures gas for 2026 as it progresses energy transition plan
16 Jun 2026
By Oli Lewis | One of the largest industrial gas users in New Zealand is working on an energy transition plan to futureproof domestic fertiliser manufacturing, while continuing to secure ongoing gas supply contracts.
Climate change is here and we’re all paying for it
15 Jul 2026
By Raewyn Peart | COMMENT: Another week, another storm. Just days ago, Kaikōura saw two months of rain fall within 48 hours, the most recent in a long line of adverse weather events.
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.
Greenpeace launches legal challenge against US$2.5bn expansion by Premier Beehive parent company JBS
Thu 23 Jul 2026
Media release | Greenpeace Netherlands has petitioned a Dutch court seeking to compel the world’s largest meat company JBS, to disclose information, in order to challenge its business policies in court. This includes its planned US$ 6 billion global expansion, of which almost half is earmarked for Nigeria.
NZ at risk of missing all its climate goals: Commission
Wed 22 Jul 2026
By Liz Kivi | Aotearoa New Zealand’s rate of emissions reduction needs to more than double, with progress stalling since 2024 after the Coalition Government took power, according to the latest report from the Climate Change Commission.
Planetary Facts dashboard aims to make environmental costs visible
15 Jul 2026
By Shannon Morris-Williams | Consumers can now compare the environmental impacts of everyday products with a new online dashboard designed to do for sustainability what nutrition labels have long done for food.
Climate risks could reshape business finances, new guidance warns
15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
UN chief says fossil fuel industry must cut methane for warming “relief”
25 Jun 2026
UN chief António Guterres called for stronger action to cut emissions of planet-heating methane, taking aim at the fossil fuel industry’s practices and profits, and pointing to coal, oil and gas as the root of today’s climate and energy crises.
What’s next for Sams Creek after failed mining bid?
15 Jul 2026
Max Frethey, Local Democracy Reporter | A controversial gold mining application at Sams Creek has been declined, leaving question marks hanging over the future of the land.
Govt brushes off 'damning' assessment of stalled emissions reductions
Thu 23 Jul 2026
By Liz Kivi | The Government is downplaying the Climate Change Commission’s “damning” report on the country’s stalled emission reductions, while experts say policy changes since the Coalition Government came into power are squarely to blame.
‘I can’t work in the farce of climate change cruise tourism anymore’: why Antarctic guides quit their dream jobs
Wed 22 Jul 2026
“You’d see massive glacier calvings, and you’d just want to cry. But all the guests would be cheering. And you’d be like … ‘can you not put two and two together?’”
Norway’s national oil company’s profits double to $11.5bn amid war on Iran
Fri 24 Jul 2026
Profits at Norway’s state oil company nearly doubled to $11.5bn (£8.6bn) in the three months to the end of June as the jump in oil and gas prices caused by the war against Iran boosted earnings.
NZ First promises $1 billion for offshore oil and gas
20 Jul 2026
By Liz Kivi | New Zealand First wants to “drill baby drill,” and has made an election campaign promise of $1 billion to survey New Zealand’s offshore basins to extract oil and gas, in an announcement at the party’s campaign launch on Sunday.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
UN plastics pact talks restart amid fears production curbs will be left out
2 Jul 2026
Diplomats reconvene a year after negotiations collapsed, but campaigners fear the agenda risks burying tricky discussions on key elements.
Expert election briefings on climate and the polycrisis now free to the public
Fri 24 Jul 2026
Expert briefings on climate change and the wider "planetary polycrisis" from the Reality of Everything symposium have been made freely available online, with organisers aiming to broaden public understanding of the interconnected issues ahead of New Zealand's general election.
Northern Thai residents march for action on polluted rivers. ‘This is an emergency’
9 Jun 2026
More than 600 residents of Chiang Mai and Chiang Rai provinces embarked May 31 on a roughly 68-kilometer, six-day ‘peace walk’ to demand the Thai government take action on the river pollution crisis that has seen Thai rivers polluted with heavy metals.
Swarbrick slams $50m critical minerals funding as 'Trump's war machine' subsidy
7 Jul 2026
By Shannon Morris-Williams | The Green Party has criticised the Government's investment into two West Coast critical minerals projects, claiming the funding could ultimately support the United States defence industry rather than New Zealand's clean energy transition, while Shane Jones dismissed opponents as "flat earth idiots".
China solar exports to South, Southeast Asia and Africa rise despite post-rebate slump
Wed 22 Jul 2026
China's solar exports to Southeast and South Asia as well as Africa rose year-over-year in June, customs data showed on Monday, though overall solar exports slipped for a second month after China removed an export tax rebate.
Resource management Bills 'not yet ready to be enacted', says Upton
Wed 22 Jul 2026
By Oli Lewis | The two Bills to replace the Resource Management Act are not ready to be enacted and there is no way of knowing how they will affect the environment, the Parliamentary Commissioner for the Environment says.
Turning waste into climate-resilient soils for communities
Fri 24 Jul 2026
Media release: University of Canterbury | Christchurch’s Red Zone is being used as a test bed to see whether biological wastes (biowastes) can help transform contaminated soil into climate-resilient soil.
Green Party takes ‘electric election’ up a notch
Tue 21 Jul 2026
By Liz Kivi | The Green Party is promising to cut power bills and establish a publicly owned company, ‘Kiwipower,’ to deliver affordable renewable energy.
Carbon trading schemes cut more emissions than carbon taxes, according to global study
20 Mar 2026
By Shannon Morris-Williams | Carbon trading schemes are more effective than carbon taxes at reducing emissions, cutting fossil fuel use, and accelerating the shift to renewable energy, a global study has found.
Big tech joins big oil in ruining summer
20 Jul 2026
The industry has abandoned its climate pledges in favor of fossil fuel-powered AI data centers.
'Shocking' changes to RMA replacement further weakens environmental protections –EDS
Tue 21 Jul 2026
By Shannon Morris-Williams | The select committee's report back on bills to replace the Resource Management Act fails to address the Environmental Defence Society's "massive concerns" with the legislation.
How e-scooter company Lime cut its supply chain emissions
Fri 24 Jul 2026
The company’s latest sustainability report, shared exclusively with Heatmap, shows that carbon intensity per kilometer traveled has dropped 81% since 2019.
Experts call on Govt to withdraw ‘repugnant’ legislation to block climate lawsuits
13 Jul 2026
By Liz Kivi | Lawyers and climate policy experts are calling on the Government to withdraw legislation intended to block climate lawsuits, with an adaptation expert arguing that the legislation could worsen the insurance protection gap.
New funding round opens for Auckland zero waste projects – $500k available
Fri 24 Jul 2026
Media release | Auckland Council is inviting applications for the 2026 Waste Minimisation and Innovation Fund (WMIF) with $500,000 available to support projects that reduce waste and increase recycling and reuse to help achieve Auckland’s goal of zero waste by 2040.
Greens announce water policy, including nitrogen fertiliser phase-out
7 Jul 2026
By Liz Kivi | The Green Party announced its water policy yesterday, promising to phase out synthetic nitrogen fertiliser, as well as destructive fishing methods, if the party is elected in November.
Trump blames Canada for wildfire smoke affecting US
Tue 21 Jul 2026
A series of Republican “leaders” have started producing angry denunciations of Canada for polluting America’s air with their "thoughtless" fires.
Faster consenting, harder trade-offs
7 Jul 2026
Faster consenting is starting to produce results, but this week's decisions show speed has not removed the harder trade-offs around electricity security, conservation, ecology and climate liability.
