Topics tagged with 'Emissions trading'
Politicians (well, some of them) talk but ETS deals still not done
27 Jun 2008
Politicians are no closer to a deal to pass the emissions trading scheme, despite weeks of negotiating.
Report underestimates benefits of increased forestry planting, say forest owners
27 Jun 2008
A recent report from the NZ Business Council for Sustainable Development grossly underestimates the potential benefits generated by the forestry sector under the proposed emissions trading scheme, says the forest owners’ association (NZFOA), because the report does not factor in the ongoing and increasing ability of newly-planted forests to sequester carbon.
Tokyo approves Japan's first greenhouse gas curbs
27 Jun 2008
Tokyo's local government has ordered Japan's first mandatory cuts in greenhouse gas emissions and set up a carbon market, moving faster than the national government.
Tokyo bourse carbon-permit trade hinges on Japan plan
27 Jun 2008
The introduction of carbon permits trading on the Tokyo Stock Exchange will hinge on a government plan for compulsory emission curbs, Atsushi Saito, the president of the world's second-largest bourse, said yesterday.
Carbon weakens across board as oil prices fall
26 Jun 2008
Carbon weakened further across the board today as oil prices fell in the face of higher inventories.
Latest strip of CER’s 2008 – 2012 Vintage – indicative mid prices
26 Jun 2008
OMF prices below are indicative, subject to change and subject to counterparty credit assessment.
ETS bonus: $12b and 10,000 jobs, says report by big business
24 Jun 2008
Passing the emissions trading scheme into law will generate $12.3 billion in investment and nearly 10,000 jobs in the next 10 years, but delaying it could cost 20,000 jobs – mainly in tourism and agriculture, says a report out this afternoon.
New investment, new jobs, new wages, new income
24 Jun 2008
The NZBCSB report into the economic ramifications of passing the ETS before the election says that it will:
Who did the work and who paid?
24 Jun 2008
Two of our major State-owned electricity generators paid for the Business Council for the just-released Sustainable Development report on the ETS.
Hurry up’ report based on generalised assumptions
24 Jun 2008
A report claiming big investment gains from quickly passing emissions trading legislation is based on generalised assumptions and some questionable logic, says Business NZ.
New reports show multi-billion-dollar impacts of ETS
24 Jun 2008
Politicians debating whether to support the Government’s emissions trading scheme are today being hit with two major reports countering earlier claims that the scheme will cost New Zealand vast amounts of money and jobs.
Pressure builds as minor parties decide where to stand on ETS
24 Jun 2008
The emissions trading bill is top of the agenda for most minor political party caucus meetings today as pressure builds to get the scheme passed before the election.
Biofuels Bill report back much improved
24 Jun 2008
The Environment and Conservation Organisations today welcomed the report back of the much improved Biofuels Bill.
NZDEUR weaker on back of low international interest
23 Jun 2008
The carbon market drifted today and volume was extremely light - overall the market lacked direction in spite of a strong oil market and firmer electricity prices, broker OM Financial reports.
Genesis starts $100 million entry into carbon market
20 Jun 2008
Electricity giant Genesis Energy will need to surrender $100 million in carbon credits to the Government in 2011 - and executives leave for Europe today on a mission to start buying them.
Carbon exchange chief criticises lack of business and political courage
20 Jun 2008
The chief executive of New Zealand’s carbon trading platform is calling for more courage and leadership to make the most of emissions trading and the opportunities it offers for New Zealand to develop and protect its trade.
Unions: Time for business to be constructive on ETS
20 Jun 2008
The unions say the emissions trading debate now needs to focus on the impact of those on low incomes.
Emissions Trading Scheme Proves to be Trojan Horse
20 Jun 2008
"With the raft of exceptions to the proposed scheme," Cross says, "Only the productive and the wealth creators of New Zealand will be hamstrung by this unnecessary cost."
Environment Commissioner supports amended ETS bill
18 Jun 2008
New Zealand must implement an Emissions Trading Scheme (ETS), says Dr Jan Wright, Parliamentary Commissioner for the Environment. “It’s the most efficient way for New Zealand to adjust to a carbon-constrained future.”
Heavy emitters: ETS bill changes not sufficient
18 Jun 2008
The Climate Change (Emissions Trading and Renewable Preference) Bill has not been changed sufficiently to allay concerns that industry will struggle to stay profitable in New Zealand, according to the Greenhouse Policy Coalition, which represents large industry across a range of sectors.
Peters key as Clark counts ETS heads and comes up one short
17 Jun 2008
Inter-party lobbying has begun in earnest on the emissions trading scheme, with National and Labour wooing the minor parties and a planned meeting between the Greens and New Zealand First cancelled as Winston Peters takes control of his party’s position.
Steel-maker going to Government over ETS
17 Jun 2008
New Zealand Steel is heading for talks with the Government on the emissions trading scheme, saying that it still has serious concerns about the medium-to-long-term impact the scheme could have on its Glenbrook steel mill.
ETS amendments tinkering around the edges for forestry sector
17 Jun 2008
Forest owners will take little comfort from proposed amendments to the Climate Change (Emissions Tradings and Renewable Preference) Bill which were reported back from the finance and expenditure committee yesterday.
Government forestry policies costly mistake, say owners
17 Jun 2008
New Zealand’s national carbon accounts could be up to $1.5 billion worse off in the second commitment period of the Kyoto protocol than if the Government’s policies had encouraged levels of new plantings consistent with those of the 1990s, according to financial modelling by Peter Clark, climate change spokesman for the New Zealand Forest Owners’ Association and chief executive of PF Olsen Ltd.
Australia votes $2.8 million to aid 700,000 coastal homes under threat
17 Jun 2008
The Rudd Government is providing $2.8 million for three new projects to help Australia¡¦s vulnerable coastal communities to plan for the effects of climate change which could be threatening 700,000 homes across the nation.
Ships' captains to get the order: Slow ahead and save emission
17 Jun 2008
The captains of ships plying the world’s sea lanes are about to be given the message – slow down and save greenhouse gas emissions.
Current Carbon Credits Available
17 Jun 2008
NZ AAUs - December 2008 to 2012 strip - 250,000 tonnes–indicative is NZ$30 / NZ$35
ETS back in Parliament
16 Jun 2008
The emissions trading scheme is back before Parliament, with new proposals to widen the allocation of free credits and to allow lower-emitters into the scheme.
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.
Emerging biodiversity and carbon markets part of Gisborne plan for land-use change
Mon 6 Oct 2025
Gisborne District Council has endorsed a plan to shift up to 100,000 hectares of the region’s most erosion-prone land into permanent vegetation cover and is calling on the Government to make urgent changes to the Emissions Trading Scheme to aid the transition.
Media round-up
Fri 3 Oct 2025
In our round-up of climate coverage in local media: Leaving the Paris Agreement won’t fix NZ’s farming frustrations, what Pacific Island leaders told the UN General Assembly about climate, and Hawke's Bay Regional Council faces class action legal challenge over flooding.
NZ needs to be part of a regional SAF strategy: Z, Air NZ
9 Sep 2025
By Pattrick Smellie | New Zealand needs to be part of a regional strategic approach to sourcing sustainable aviation fuel (SAF), with domestic production less the aim than ensuring access to the fuel from one of a number of strategically positioned bio-refineries around the world.
Travellers bothered by their flight’s pollution can pay to reduce it elsewhere. Do offsets work?
Thu 2 Oct 2025
So you’re booking your flight, and just when you’re about to check out, the airline asks if you’d like to pay a little something to offset your share of the flight’s pollution. Or, maybe you’re an environmentally minded person, and you’ve heard you can buy these things called carbon offsets.
Solar farm gets fast-track treatment
Mon 6 Oct 2025
Lodestone Energy’s proposed 220 MW solar farm at Haldon Station in the Mackenzie Basin has become the first solar project to be referred to an expert panel under the Fast-track Approvals Act 2024.
Researchers say sealing old oil wells with bio-oil from crop waste is a dual carbon-removal solution
19 Sep 2025
A new analysis shows that oil made from corn husks, wood chips, and other waste could plug greenhouse gas-belching abandoned oil wells while sequestering carbon for about $152 per ton.
Will govt’s light touch approach lead to higher carbon prices?
Fri 3 Oct 2025
By Liz Kivi | Carbon market watchers are hoping the government’s plan for the electricity sector will eventually lead to higher carbon prices, with the secondary market still trading sideways for the longest time in its history.
EAT-Lancet report: Three key takeaways on climate and diet change
Mon 6 Oct 2025
A global shift towards “healthier” diets could cut non-CO2 greenhouse gas emissions, such as methane, from agriculture by 15% by 2050, according to a new report.
Climate credibility gap widening for Aussie firms
Wed 1 Oct 2025
By Pattrick Smellie | Australian public companies’ climate change commitments are in retreat, reflecting difficulty in achieving stated targets and increased fossil use, but not because of any pressure to make less effort, according to a study of major companies’ ESG reporting.
Electricity to remain in ETS
Wed 1 Oct 2025
By Pattrick Smellie | The Government has rejected Frontier Economics' recommendation that electricity should be removed from the Emissions Trading Scheme.
The merchants of doubt are back
3 Sep 2025
OPINION: If you don’t follow climate policy closely, you might not know that the Trump administration is launching an effort to overturn one of the most fundamental pillars of American climate policy.
Milestone for NZ Steel electrification
10 Sep 2025
By Pattrick Smellie | NZ Steel has passed an installation milestone for its new electric arc furnace, which will reduce emissions from the Glenbrook steel mill site by as much as one megatonne (1Mt) a year.
UN limits staff at COP30 climate summit over accommodation concerns
19 Sep 2025
High hotel prices for Brazil's COP30 climate summit in November have prompted the United Nations to urge its staff to limit attendance, while government delegations are still scrambling to find rooms within their budgets.
NZ quiet on climate target at UN meeting
Thu 2 Oct 2025
By Liz Kivi | New Zealand didn't mention its recently minted – but widely criticised – climate target for 2035 at a major multilateral climate meeting in New York last week, at an event which was ostensibly billed as a platform for leaders to present their new targets.
From nuisance to crisis: New report on pest wasps In Aotearoa
24 Sep 2025
Media release: Moths and Butterflies NZ Trust | Just published is the Final Report of the Pest Wasps Survey carried out by the Moths and Butterflies of NZ Trust (MBNZT) offering a comprehensive look at New Zealanders’ awareness, experiences, and attitudes toward wasps and the growing ecological, health, and social issues associated with them.
Declining sea-ice is altering Antarctic food webs
11 Sep 2025
A new study shows a significant change in Antarctic phytoplankton over time that could cascade through the marine food web and affect the ocean’s capacity as a carbon sink.
Consultation open on second draft of Sustainable Finance Taxonomy
29 Sep 2025
Public consultation has opened on the second draft of the Aotearoa New Zealand Sustainable Finance Taxonomy.
‘Damp squib’ – Govt energy plan slammed for locking in fossil fuels
Thu 2 Oct 2025
By Shannon Morris-Williams | Critics across business, climate groups and the opposition say the Government’s electricity reforms duck structural change, double down on LNG and gas, and offer little relief for soaring power prices – warning of an “expensive white elephant", deeper energy poverty and a missed chance to scale renewables.
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.”
$1.5m for climate action
Mon 6 Oct 2025
The Wilding Pine Network, Rewiring Aotearoa, Papawhakaritorito Charitable Trust, 800 Trust and 350 Aotearoa, have received grants from a total pool of more than $1.5m over two years from of Climate Action Aotearoa's Kaupapa of National Significance Climate Action Fund.
UC wins top international award for civics education
Mon 6 Oct 2025
Media release | A University of Canterbury research group has received international recognition at the highest level of political science.
FMA consults on clearer ethical investment claims to curb greenwashing
29 Sep 2025
The Financial Markets Authority – Te Mana Tātai Hokohoko – has released updated draft guidance for financial products marketed with ethical or sustainability features.
Coal imports up 650%
12 Sep 2025
By Shannon Morris-Williams and Liz Kivi | Coal imports are up 650% as generators stockpile the most polluting fossil fuel ahead of next winter.
Hiringa eyes green methanol plant near Whanganui
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.
Study warns climate leadership falling short in NZ
Wed 1 Oct 2025
Media release - Waipapa Taumata Rau, University of Auckland | Research suggests New Zealand’s climate leadership is falling short, with current adaptation efforts focused on property and cost-cutting rather than protecting communities.
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.
Can the courtroom save the climate?
Thu 2 Oct 2025
It was in early 2017 when it seemed like nearly every person I knew from home was asking me the same question: Should they be worried about what was about to happen in Washington, D.C.?
'Non-negotiable' – EU carbon pricing to hit Kiwi exporters, expert warns
11 Sep 2025
By Shannon Morris-Williams | High carbon exports will inevitably face a high carbon tax at the EU border, possibly in the next five years, and high methane agricultural products might not be exempt, an international expert told a local audience yesterday.
Deep sea mining threatens sharks, rays and ghost sharks
Mon 6 Oct 2025
Mining the world’s deep seas for metals will likely threaten many species of sharks, rays and chimaeras (ghost sharks), according to researchers.
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.
Warming oceans prompt major overhaul of how scientists monitor El Niño and La Niña
Wed 1 Oct 2025
Global warming is interfering with how Earth Sciences New Zealand monitors one of the world’s biggest climate drivers.
China calls EU hypocritical over criticism of climate goal
Wed 1 Oct 2025
The EU climate chief's criticism of China's new climate pledges shows "double standards and selective blindness," China's foreign ministry said on Friday, accusing the bloc of being slow to act on its own climate targets.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Fast-track changes coming before end of year
Fri 3 Oct 2025
The Government is already preparing to amend its fast-track approvals law, even as the first projects consented under the regime begin construction.
Students repeat request for Victoria University to divest from fossil fuel investments
24 Sep 2025
Media release | A group of students campaigning for climate action at Victoria University of Wellington have dropped a banner protesting against the university’s lack of action on its 2014 commitment to divest from fossil fuels.
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.
Countering the Trump administration’s attack on climate science
Fri 3 Oct 2025
The Trump Administration is attempting to remove the legal basis for U.S. action on greenhouse gas emissions by attacking the climate science that underpins it.
Solar households to get little-noticed tax break
23 Sep 2025
A provision in the government’s latest tax bill would exempt households from paying tax on income they earn by selling excess electricity back to the grid.
Auckland Transport and Kinetic charging ahead for sustainability
30 Sep 2025
Media release | Auckland Transport (AT) and bus operator Kinetic and have taken another step in their decarbonisation journeys with major upgrades completed at Kinetic’s Glenfield bus depot to support a growing zero emissions fleet.
Last minute change to oil and gas legislation over cleanup costs
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.
End of EV tax subsidy sparks worries of collapse in US electric car sales
Mon 6 Oct 2025
Automotive executives are bracing for a freefall in U.S. electric-vehicle sales following the disappearance of a critical $7,500 tax break for buyers.
‘Beyond embarrassing’ – Peters’ Paris remarks draw fire for talking down Pacific climate diplomacy
26 Sep 2025
By Shannon Morris-Williams | Foreign Minister and NZ first leader Winston Peters says he wants to revisit the Paris Agreement with Pacific leaders because some may be unaware of how it’s structured.
Day of action against incinerators
29 Sep 2025
Media release | Zero Waste Aotearoa will call on the Ministry for the Environment to embrace real solutions to waste and climate change, not toxic pollution from incineration as part of an international day of action on Tuesday 30 September.
Environment Minister abusing role to put freshwater at risk – Greens
Fri 3 Oct 2025
Media release – Green Party | Documents obtained under the Official Information Act have revealed the Minister for the Environment is pressuring local councils to allow ‘water take’ consents for a group of farmers that includes her party colleague, in a catchment already showing signs of serious decline.
‘Con,’ ‘scam,’ ‘hoax’: Trump’s UN speech on climate
24 Sep 2025
The president used a large chunk of his hour-long speech to world leaders to condemn climate science and clean energy policies.
Trump administration moves to revoke permit for Massachusetts offshore wind project
24 Sep 2025
The Trump administration has moved to block a Massachusetts offshore wind farm, its latest effort to hobble an industry and technology that President Donald Trump has attacked as “ugly” and unreliable compared to fossil fuels such as coal and natural gas.
