Topics tagged with 'Emissions trading'
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.
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.
Farm-level emissions cuts possible, but almost everything stands in the way
18 Dec 2025
By Shannon Morris-Williams | Progress to slash farming emissions is being blocked by limited farmer confidence in mitigation tools, inconsistent engagement, misinformation and a lack of clear policy signals, according to a new report.
State-owned farmer drives profit growth with emissions reductions
19 Dec 2025
By Pattrick Smellie | Government-owned Landcorp, trading as Pāmu, is one-third of the way to meeting its 2031 emissions reduction targets, with five years left to run to cut greenhouse gas emissions by 30.3% against 2021 emissions.
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
‘Cali Fund’ aiming to raise billions for nature receives first donation – of just $1,000
16 Dec 2025
A major biodiversity fund – which could, in theory, generate billions of dollars annually for conservation – received its first donation of just $1,000 in November.
Govt launches strategy backing wood-based heat sector
23 Oct 2025
By Pattrick Smellie | Forestry biomass could replace as much as 40% of fossil fuel-generated process heat by 2050, but access to supply, regulatory settings and business cases for converting to wood-based heat sources are required, the Government says in a series of documents released yesterday.
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.
Seven quiet wins for climate and nature in 2025
19 Dec 2025
This year's environmental backdrop is familiar: emissions are rising and nature is continuing to decline. But there have nevertheless been bright spots in 2025.
Govt unveils plans for carbon storage regulations – and ETS rewards
18 Dec 2025
By Liz Kivi | The Government has released plans to regulate carbon capture and storage in natural geological formations, which include Emissions Trading Scheme incentives, with the aim of introducing related legislation in 2026.
Global coal demand hit record high this year but is set to decline by 2030
18 Dec 2025
Global coal demand reached a record high in 2025 but is expected to decline by 2030 as renewables, nuclear power and abundant natural gas squeeze its dominance in power generation.
Investors must support positive climate-tech
28 Nov 2025
OPINION: We need better leadership than the current ‘climate opportunism’ that is rife in the Beehive, and we need to back a marketplace that will make it happen, writes Rob Campbell.
RMA’s successors hinge on two untested bets
17 Dec 2025
Two ideas sit at the heart of the Government’s replacement for the Resource Management Act: regulatory relief and spatial planning.
India at COP30: A mismatch between grandstanding and climate action
11 Dec 2025
Despite India’s attempt to anoint itself as the leader of the developing world, at the COP30 summit, New Delhi’s track record remains contradictory.
NZ hydrogen regulation to catch up with the world
18 Dec 2025
By Pattrick Smellie | The government has announced a regulatory reset for New Zealand’s emerging clean tech hydrogen sector.
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.
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 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.
Hydrogen emissions are ‘supercharging’ the warming impact of methane
19 Dec 2025
The warming impact of hydrogen has been “overlooked” in projections of climate change, according to authors of the latest “global hydrogen budget”.
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.”
Westpac NZ announces partnership to form Blue Economy hub in Nelson
17 Dec 2025
Media release | Westpac NZ has announced a new three-year partnership with the Nelson Regional Development Agency and Kernohan Engineering to help accelerate the development of a sustainable marine economy – also known as the blue economy.
NZ ‘clearly’ breaching international law on climate – Vanuatu Climate Change Minister
12 Dec 2025
By Liz Kivi | Vanuatu’s Climate Change Minister, Ralph Regenvanu, says New Zealand restarting fossil fuel exploration and subsidies is an obvious breach of international law, exposing the country to international and domestic litigation.
Govt slammed for weakening methane target
15 Dec 2025
By Shannon Morris-Williams The Government has pushed through legislation under urgency to almost halve New Zealand’s 2050 methane target – a move Opposition parties say disregards scientific advice, breaks the country’s hard-won political consensus on climate action, and shifts the burden of higher warming and higher future costs onto the next generation.
COP30 microcosm of difficult geopolitics, says Vanuatu's Climate Minister
15 Dec 2025
By Liz Kivi | Despite ‘intransigent’ states blocking multilateralism and a disappointing official outcome, Vanuatu’s Climate Change Minister Ralph Regenvanu says he left the COP30 climate summit feeling more positive than after previous UN climate conferences.
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.
Insurers welcome govt decision to keep NHC levy unchanged
21 Nov 2025
Media release |The Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa (ICNZ) has welcomed the Government’s decision to leave the Natural Hazards Commission levy unchanged, amid ongoing concerns around the cost-of-living.
Why I’m not outraged at the Govt’s latest climate backsliding
7 Nov 2025
COMMENT: The Government’s latest climate rollbacks underline New Zealand’s long history of a lack of genuine desire to cut emissions, writes Geoff Bertram.
Three Greenpeace activists removed by police from Fonterra
17 Dec 2025
Media release | Three Greenpeace activists were removed by police from Fonterra’s downtown Auckland offices, following a protest on Monday at the Shareholders’ Fund meeting over the corporation’s role in the contamination of rural communities’ drinking water.
Oil and gas majors would create $78bn more value by stopping exploration
11 Dec 2025
Media release | Ten of the world’s largest oil and gas companies would create significantly more shareholder value by ending exploration and sharply curtailing upstream development, according to new analysis released today by ACCR.
Wetlands and biodiversity at risk as mining rules loosen: Greenpeace
19 Dec 2025
By Shannon Morris-Williams | Greenpeace says Government changes to national direction instruments under the RMA paves the way for mining in wetlands and biodiversity hotspots and will expose some of Aotearoa’s most fragile ecosystems to irreversible damage.
NZ could become ‘dumping ground’ for dirty vehicles: Commissioner
16 Dec 2025
By Liz Kivi | Simon Upton, Parliamentary Commissioner for the Environment, has warned the Government that its changes to the clean car standard could turn the country into a dumping ground for high emitting cars, making future emissions budgets harder to achieve.
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.
Offshore windfarms enhance function of coastal waters and diversity of aquatic life
19 Dec 2025
Media release | A study conducted by researchers from Murdoch University in Australia and Dalian Ocean University in China has found that offshore windfarms can improve marine ecosystems and diversify aquatic food chains.
‘A shift no country can ignore’: where global emissions stand, 10 years after the Paris climate agreement
16 Dec 2025
The watershed summit in 2015 was far from perfect, but its impact so far has been significant and measurable.
Govt consulting on Pacific Resilience Facility
12 Dec 2025
The Foreign Affairs, Defence and Trade Committee is calling for submissions on its international treaty examination of the Agreement to Establish the Pacific Resilience Facility.
Govt green lights rural recycling scheme
4 Dec 2025
The Government has approved new regulations to bring rural waste schemes under one unified framework.
KiwiRail pauses coal trains amid rising climate protests
9 Dec 2025
By Shannon Morris-Williams | Climate activists are ramping up actions this week, with a Christchurch protest leading to KiwiRail pausing some coal train operations on Saturday, and another protest against the Fast-Track Amendment Bill planned for parliament today.
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.
Could tidal energy one day power NZ?
18 Dec 2025
By Shannon Morris-Williams | New research suggests Aotearoa holds some of the world’s strongest tidal-stream energy potential – enough to generate up to 93% of today’s electricity use – but one expert cautions that extracting energy at such a scale could have significant impacts and remains highly uncertain.
NZ could lose nearly all glaciers this century without stronger climate action
16 Dec 2025
New Zealand could see 97% of its glaciers vanish by 2100, with new international modelling projecting a rapid acceleration in glacier extinction from the 2030s onward – even under lower-warming scenarios.
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.
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.
The surprisingly convincing case against cars
19 Dec 2025
Life After Cars dares to imagine how different, and enriching, a car-free world could be.
Kaicycle celebrates ten years of collective climate action in Pōneke
14 Nov 2025
Media release: Kaicycle | Since 2015, Kaicycle has grown from a humble pilot project growing kai and collecting compost on bicycles into the thriving urban farm and composting hub that Wellingtonians know and love.
Heatwaves, downpours and droughts – Auckland on track for more extreme weather
1 Dec 2025
By Shannon Morris-Williams | New projections show Auckland will face more heatwaves, heavier downpours, worsening droughts and growing coastal threats as climate extremes intensify, according to a new report from Earth Sciences New Zealand.
NZ just had its hottest spring in at least 116 years
10 Dec 2025
By Shannon Morris-Williams | This year New Zealand had its hottest spring since records began, with widespread heat, rainfall extremes and destructive wind driven by sudden stratospheric warming.
Media round-up
12 Dec 2025
In our round-up of climate coverage in local media: Another offshore wind firm exits New Zealand over a clash with seabed mining; Fonterra falls behind on its climate goals as farm emissions remain flat; and the businesses trapped by the gas 'death spiral'.
