Topics tagged with 'Emissions trading'
National's full minitory report on ETS bill
16 Jun 2008
National has released its miniority report on the ETS bill.
The Bill in full
16 Jun 2008
The 328 page emissios trading bill has been reported back to Parliament.
Business Council: Changes soften way for ETS, reach limit of public acceptance
16 Jun 2008
Recommended changes to the emissions trading bill as reported back will protect New Zealand industry from any unfair offshore competition and probably push assistance to major emitters to the limit of public acceptance
ACT: Don't recycle the bill, dump it
16 Jun 2008
ACT Leader Rodney Hide today labelled the Emissions Trading Scheme tabled in Parliament a costly mistake that will costs jobs and undermine New Zealand's standard of living.
Overall, the market feels well bid
16 Jun 2008
A mixed bag on the energy markets saw carbon weaken slightly ahead of the weekend.
Latest strip of CER’s 2008 – 2012 Vintage – indicative mid prices
16 Jun 2008
Indicative prices below are subject to change and subject to counterparty credit assessment.
Current Carbon Credits Available
16 Jun 2008
NZ broker OMF has the following carbon credits available:
ETS uncertainty deterring large InterCity investment
13 Jun 2008
InterCity is frustrated that New Zealand’s proposed emissions trading scheme (ETS) will act as a disincentive for it to reduce emissions and continue to operate a low emissions fleet.
Telling report appears on EU scheme on eve of NZ ETS bill debate
13 Jun 2008
The EU emissions trading scheme works “surprisingly well” and has little or no negative impact on the overall European economy, a new Massachusetts Institute of Technology – Sloan management School study shows.
No carbon invoices, says Hyde
13 Jun 2008
Act Party leader Rodney Hyde is ruling out a policy of individual invoices for a carbon flat-tax.
Changes at Carbon News
13 Jun 2008
Carbon News from next week will publish two-in-depth editions a week.
Backroom deal guts agricultural targets: Greens
13 Jun 2008
A backroom deal between the Government and the agriculture sector has gutted the industry's voluntary emissions targets and directly contradicts Government policy, according to Green Party Co-Leader Jeanette Fitzsimons.
If you're picking US ETS schemes, Obama's 6 point ahead
13 Jun 2008
If you're betting on Obama's version of emissions trading, latest national rolling poll results show him 6% up on McCain.
Forestry owners: Ministers claim of liabilities warning not true
13 Jun 2008
Claims by forestry minister Jim Anderton on Radio New Zealand’s Morning Report yesterday that land owners were warned five years ago of potential deforestation liabilities are not correct, the New Zealand Forest Owners Association said yesterday.
Latest strip of CER’s 2008 – 2012 vintage – indicative mid prices
13 Jun 2008
The following prices in size but prices below are indicative, subject to change and subject to counterparty credit assessment.
ETS bill back to Parliament next week
12 Jun 2008
The Climate Change Bill that will bring the Government’s emissions trading scheme into force will be back in Parliament next week.
Heavy emitters' bull turned loose in Maori Party's china shop
12 Jun 2008
The heavy emitters' organisation yesterday launched a public attack on the Maori Party in a move which might indicate it has given up on getting the party's support to delay the ETS bill.
Secondary market eyed in carbon underwriting and guarantees
12 Jun 2008
Financial services executives are tentatively looking forward to a secondary market in the ETS sphere focused on underwriting and guarantees.
ACT working on individual carbon tax?
12 Jun 2008
ACT will cover the ETS debate in Parliament with the concept of individual invoices for a carbon flat tax.
New report: 2009 turning point for EU ETS, urges quick Phase 3 commitment
12 Jun 2008
Amendments to the EU emissions trading scheme (EU ETS) proposed by the European Commission are a big step forward and should be adopted into EU legislation by the spring of 2009.
O'Reilly: No excuse for faltering energy supply
12 Jun 2008
Secure electricity supply is fundamental for business and there’s no excuse for the current faltering supply, says Business NZ.
$400,000+ price-tag for NZIER report?
11 Jun 2008
The secretly funded NZIER report on the potential impacts of the emissions trading scheme may have cost at least $400,000.
Major deforestation reported, but MAF survey shows ETS will lift replanting rates
11 Jun 2008
National yesterday decried the worst ever loss of 13,600 hectares of forest last year as a disaster for the environment. However it will vote against the ETS, which a MAF study reveals will boost replating rates by 5 to 15%.
Maori party attacks proposed heavy emitter subsidies as “outrageous”
11 Jun 2008
The Maori Party’s co-leaders yesterday described the proposed 90% subsidy of heavy emitters under the emissions trading scheme as “outrageous”, indicating a tough line in any support for the ETS bill.
Japan embraces emissions trading - trial scheme to launch
11 Jun 2008
One of New Zealand's major trading partners, Japan, will trial a carbon trading regime later this year.
Record daily average of 13.5 million EUAs traded
11 Jun 2008
A record daily average of 13.5millioin EUAs traded through brokers and exchanges last week.
The EUA/CER price differential explained
11 Jun 2008
IDEAcarbon has issued an analysis explaining the difference between EUA and CER prices.
International carbon reduction and offset alliance forms
11 Jun 2008
Eight of the world’s leading carbon reduction and offset providers have formed the International Carbon Reduction and Offset Alliance (ICROA), The Climate Group announced.
Latest strip of CER’s 2008 – 2012 Vintage – indicative mid prices
11 Jun 2008
Latest mid prices for CERs from OMF, subject to change and subject to counterparty credit assessment.
Solid Energy one of NZIER emissions trading study funders
10 Jun 2008
State owned enterprise Solid Energy is one of the funders of the NZIER’s study on the possible economic impacts of the emissions trading scheme.
InterCity stalls its "carbon neutral" effort till after the election
10 Jun 2008
InterCity’s plan to be New Zealand’s first carbon neutral tourism and national transport company is on hold while it waits for the outcome of the election.
Scoping work under way to enhance register for start of ETS
10 Jun 2008
The public service is waiting for the ETS bill to become law before appointing people to key new roles administering emissions trading.
Energy and supply fears drive emissions credit prices to two-year high
10 Jun 2008
EUA-Dec08 hit a 2-year high of EUR 27.25 in the week to June 7.
M-co: story on First Rand Bank-backed launch of NZ trading platform wrong
10 Jun 2008
The Marketplace Company Limited (M-co) feels compelled to respond to your lead article published in Carbon News (June 9).
Don't rush the ETS - Field
9 Jun 2008
Independent MP Taito Philip Field is unlikely to support the Government’s emissions trading scheme, telling Carbon News that he fears it could damage the economy and that he doesn’t believe it needs to be passed before the election.
National prepared to gut emissions trading scheme
9 Jun 2008
National has once again proved it’s slippery on climate change, and will tell audiences whatever they think they want to hear, according to Climate Change Issues Minister David Parker.
Note reveals China's central bank working on cap and trade scheme
9 Jun 2008
China's central bank has drawn up a tentative outline for a domestic emissions trading scheme that could cover everything from greenhouse gases to water pollutants, and speed the country's push for greener growth.
Austral Pacific delists from AMEX
9 Jun 2008
New Zealand-based exploration and production company, Austral Pacific Energy Ltd. has begun the process to de-list from the American Stock Exchange (AMEX).
United Future - Green sniping breaks out as Dunne continues his dance on ETS
9 Jun 2008
The Greens and United Future are sniping at each other as Peter Dunne continues his equivocal behaviour over the proposed emissions trading scheme.
Guilt-free flying with carbon offsets - buyer beware
9 Jun 2008
FORUM: In this opinion peice an Australia Green Living blog contributor Chervil comments on the risks passengers are running in buying airlines' voluntary emission offets.
US cap and trade bill dies in the Senate
9 Jun 2008
A bill which would have introduced a cap and trade scheme in the US, died in the Senate with a 48 to 36 vote against allowing amendments to be read.
Garnaut says excluding petrol from Australian ETS "unwise"
6 Jun 2008
The economist advising the Australian Government on how to deal with climate change, Ross Garnaut, has suggested it would be unwise to exclude petrol from any emissions trading scheme.
Heavy emitters must pray NZ doesn't follow Obama's ETS plan
6 Jun 2008
New Zealand's heavy emitters, waiting to see how the rest of the world approaches emissions trading, will not like the plan of likely US Democratpresidential candidate Barrack Obama.
EU Parliament looks at rules for carbon capture and storage
6 Jun 2008
BACKGROUNDER: The International Energy Agency predict a 70% increase in coal burning by 2030.
"Kill me": US Senate clerk(s) forced to read 492 page amendment to ETS bill
6 Jun 2008
In US Senate action on the Climate Security Act, Republicans are forcing the clerk to read the entirety of theBoxer substitude amendment, claiming they haven't had enough time to read it yet.
Business leaders: ETS fuels delay means incentives needed to buy electric and low-emision cars
6 Jun 2008
Business leaders yesterday welcomed a Carbon News report that Ministry of Transport officials are investigating options for incentives to encourage people to buy low-emission vehicles.
Full ECX May trade report: volumes reach 142.3 Mt
6 Jun 2008
ECX has issued its reports on May carbon trading.
Technically hilarious, but Arnie delivers the big bucks benefits message on climate change
5 Jun 2008
California’s Governor, Arnold Schwarzenegger, told New Zealand business leaders yesterday his state was enjoying a new gold rush of billions of dollars being powered into climate change technology investments.
Experts examine climate impacts on Pacific health
Today 10:30am
Media release | The devastating impacts of climate change on health in the Pacific Islands will be discussed at a symposium at the University of Auckland tomorrow, 5 June.
Controversy around NZ’s methane target hits international press
Tue 3 Jun 2025
By Liz Kivi | New Zealand’s approach to methane targets has hit international media, with climate scientists from multiple countries penning an open letter warning Prime Minister Christopher Luxon not to weaken methane targets.
Greenwashing is rife in Australia, but could its days be numbered?
28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Help sustainable aviation fuels take off or delay targets, airlines warn EU
20 May 2025
Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.
Microplastics found in sand on dozens of NZ beaches
Today 10:30am
Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
Govt mulls status quo for ETS auction settings
Thu 29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
Vanuatu criticises Australia for extending gas project while making COP31 bid
Today 10:30am
Vanuatu’s climate minister has expressed disappointment over Australia’s decision to extend one of the world’s biggest liquefied natural gas projects and said it raises questions over its bid to co-host the COP31 summit with Pacific nations.
Carbon price too low to fund carbon capture
20 May 2025
The government’s climate target to 2030 is at risk, after revelations that a carbon capture project which the government was relying on to deliver one third of its carbon reductions, might not go ahead.
Fight over coal mine heats up
Fri 30 May 2025
Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Owning a green home could cut mortgage payback time by two years
9 May 2025
A green certified home plus a green mortgage and associated energy bill savings could save Kiwi families up to $98,800 over the course of their mortgage - the equivalent of being mortgage-free several years early, according to new research.
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.
Surge of lobbying over electricity sector review
Today 10:30am
Jostling and lobbying have intensified ahead of the release of a review into the electricity sector.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Death toll from Nigeria flash floods rises to 151
Tue 3 Jun 2025
At least 151 people in central Nigeria are now known to have died following flash floods that destroyed homes and displaced thousands of residents earlier this week.
Oceans Commission must have teeth – minister
14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Environmentalists see forestry changes as dangerous step for Tairāwhiti
Tue 3 Jun 2025
By Zita Campbell, Local Democracy Reporter | Tairāwhiti environmentalists have called changes for commercial forestry under proposed Resource Management Act reforms “a slap in the face” and a return to weaker forestry regulations.
Watts talks big on energy reform, but barriers persist
Thu 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.
Hotter and deeper: how NZ’s plan to drill for ‘supercritical’ geothermal energy holds promise and risk
2 Apr 2025
By David Dempsey, University of Canterbury | New Zealand’s North Island features a number of geothermal systems, several of which are used to generate some 1,000 MegaWatts of electricity. But deeper down there may be even more potential.
Electrification challenge for politicians, regulators
27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
Fri 30 May 2025
By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
Methanex closure comes early this year
14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
What happened to the hydrogen economy?
Tue 3 Jun 2025
The hydrogen car that was supposed to carry us into a cleaner future is still not in the driveway. In fact, outside of a few test markets, it’s not in anyone’s driveway.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
Kiwi cleantech companies on the world stage
27 May 2025
Six New Zealand 'cleantech' companies were in Singapore earlier this month, along with a venture capital firm and the MacDiarmid Institute, to meet investors and multinational partners.
Carbon News launches price index
24 Jun 2024
Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.
Govt's RMA overhaul sparks fears for nature and climate
Fri 30 May 2025
By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.
World’s nations to gather in France to tackle what UN says is a global emergency in the oceans
Fri 30 May 2025
The world’s nations are gathering in France next month to tackle what the United Nations calls a global emergency facing the world’s oceans as they confront rising temperatures, plastic pollution choking marine life, and relentless overexploitation of fish and other resources.
Tech alone won’t save us, warns climate expert
Today 10:30am
By Shannon Morris-Williams | Technology alone won't be enough to reach net zero emissions, environmental psychologist Lorraine Whitmarsh told the Carbon and Energy Professionals conference in Auckland last week.
New research reveals NZ’s natural resource footprint
Thu 29 May 2025
Media release | New research from the office of the Parliamentary Commissioner for the Environment reveals that about 107 million tonnes of natural resources were required to produce the goods and services consumed by New Zealanders in 2019 – approximately 21 tonnes per person on average.
NZ's first chance in 20 years to catch up on waste
Fri 30 May 2025
Media release | The government has announced proposals for updating the Waste Minimisation Act and the Litter Act. For the first time in nearly 20 years, Kiwis have a chance to catch up with other countries to reduce our waste and litter.
US: Clean energy project cancellations top $14 Billion so far in 2025
Today 10:30am
Businesses have pulled the plug on big projects amid Trump’s retreat on climate action. But plenty remain in the pipeline, awaiting a Congressional decision on tax credits.
Dismissals 'massive win' for climate movement
13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
Straterra has a new name: the New Zealand Minerals Council
16 Apr 2025
Media release | Straterra has been renamed as New Zealand Minerals Council, says chief executive Josie Vidal.
India, a major user of coal power, is making large gains in clean energy adoption
Today 10:30am
One of the most carbon-polluting countries, India is also making huge efforts to harness the power of the sun, wind and other clean energy sources.
A fungus that can ‘eat you from the inside out’ could spread as the world heats up
27 May 2025
Infection-causing fungi responsible for millions of deaths a year will spread significantly to new regions as the planet heats up, new research predicts — and the world is not prepared.
Green budget 'ludicrous la-la land' – govt
15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.
“It’s not the car – it’s how we move” – EECA
Tue 3 Jun 2025
By Shannon Morris-Williams| New Zealand’s transport emissions conversation has focused heavily on electric vehicles – but Richard Briggs, group manager, delivery and partnerships at the Energy Efficiency and Conservation Authority, says we’re asking the wrong question.
Europe’s next climate target may already have been agreed in Berlin
28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
Water crisis on the horizon?
26 May 2025
Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.
Global sea levels rise spelling catastrophe for coastal towns and cities
14 May 2025
For around 2,000 years, global sea levels varied little. That changed in the 20th century. They started rising and have not stopped since — and the pace is accelerating.
Tropical forest loss hit new heights in 2024; fire a major driver in Latin America
23 May 2025
Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.
For the first time, China invests more in wind and solar than coal overseas
Thu 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.
