Topics tagged with 'Emissions trading'
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.
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.
NZ urged to grab a slice of burgeoning $35 billion market for nature credits
Fri 13 Mar 2026
By Shannon Morris-Williams | New Zealand could unlock strong domestic and international demand for high-integrity nature-based credits, if government, investors and restoration groups work together to scale supply, a new report says.
Rod Carr is ‘over’ climate change defeatism
Fri 13 Mar 2026
By Pattrick Smellie | If there’s one thing former Climate Change Commission chair Rod Carr is “over”, it’s people saying there’s nothing they can personally do to address climate change.
Auckland Airport switches on giant heat pump system to cut gas use
6 Mar 2026
By Shannon Morris-Williams | While Auckland Airport’s switch from gas to heat pumps is welcome, the emissions savings are dwarfed by ongoing aircraft emissions, which are set to rise, according to a sustainable transport expert.
Air NZ joins Marsden Point SAF project
3 Mar 2026
By Pattrick Smellie | Air New Zealand has quietly added its name to a consortium exploring the viability of green hydrogen production for sustainable aviation fuel at Channel Infrastructure’s Marsden Point energy hub.
Carbon markets risk penalising Indigenous stewardship, researchers warn
5 Mar 2026
Carbon markets designed to reward environmental restoration may be unintentionally disadvantaging Indigenous communities who have long protected intact ecosystems, according to new research.
Govt’s own modelling shows LNG leads to higher electricity prices than other solutions
19 Feb 2026
By Christina Hood | COMMENT: According to modelling conducted by Concept Consulting for MBIE, either developing the Tariki gas storage facility or managing electricity demand would deliver lower wholesale electricity prices than the Government’s preferred solution of an LNG import terminal.
Kenya’s latest carbon credit crackdown reveals questionable practices
Wed 11 Mar 2026
Some players use sophisticated tactics to inflate the value of credits that may not represent genuine, permanent emissions reductions.
Countries agree to record release of emergency oil reserves as prices surge
Fri 13 Mar 2026
Dozens of countries have agreed to release a record amount of oil from their emergency reserves to try to tackle supply shortages and soaring prices.
Bidders no-show at carbon auction – again
3 Mar 2026
By Liz Kivi | As predicted, today’s carbon auction yet again failed to attract any bidders, with NZUs currently trading hands on the secondary market at a 35% discount on this year’s auction floor price.
3,600 times faster: China is shaking up the steel industry
25 Feb 2026
For over a century, making steel meant coal, heat, and hours of waiting. A Chinese research team now reports collapsing that process into just three to six seconds; no coal, near zero emissions, and a vortex lance already moving toward commercial production. The technology is called flash ironmaking, and in February 2026, its implications are still unfolding.
Hormuz crisis critical to New Zealand
Tue 10 Mar 2026
By Nathan Surendran | COMMENT: Why the Hormuz crisis is a symptom, not the disease – and what it means for New Zealand.
Sustainable retail-office project breaks ground under new Green Star framework
19 Feb 2026
Construction is set to begin on a new retail-office development in central Auckland, which is targeting a 40% reduction in embodied carbon and 25% lower energy.
Opposition attacks Govt over fossil fuel phaseout backdown
2 Feb 2026
By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.
Renewables surge cuts power emissions, but oil dominates fossil fuel use
Fri 13 Mar 2026
By Shannon Morris-Williams | New Zealand’s fossil fuel emissions fell in 2025 as strong renewable electricity generation reduced the need for gas-fired power, but oil consumption is rising and now accounts for a record share of fossil emissions.
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 Commission called to Waitangi inquiry over alleged breaches
Tue 10 Mar 2026
By Liz Kivi | The Climate Change Commission is being called to front up to the Waitangi Tribunal and give evidence over alleged legal breaches of its obligations to Māori.
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.
From forest to flatpack, IKEA faces timber traceability test
Wed 11 Mar 2026
As the EU’s Deforestation Regulation nears implementation this year, furniture giant IKEA may need stronger traceability systems to prove its timber isn’t linked to post-2020 deforestation.
Greenpeace slams Govt climate policies amid rising petrol prices
Thu 12 Mar 2026
As petrol prices climb to $3 a litre, Greenpeace is blaming Government decisions for leaving Kiwis harder hit by the oil price spike.
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.”
Gaps in adaptation taxonomies hinder climate finance in Asia: report
5 Mar 2026
Without clearer criteria and metrics in adaptation taxonomies, Asia risks widening its climate financing gap, warns a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Russia gets export boost from Iran war as price of oil to India surges
Tue 10 Mar 2026
The war in Iran has fuelled a significant bump in demand for Russian oil and gas, the Kremlin said on Friday, boosting exports which have been battered by sanctions linked to Russia's war in Ukraine.
Five trees can’t offset a car: Lawyers accuse Mazda of greenwashing
Mon 9 Mar 2026
By Shannon Morris-Williams | Lawyers for Climate Action NZ is taking Mazda to the Advertising Standards Authority over its claims that a tree-planting programme will offset vehicle emissions.
Govt missing opportunity to slash electricity prices, says expert
11 Feb 2026
By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.
Japan eyes New Zealand as green hydrogen export hub
Thu 12 Mar 2026
By Shannon Morris-Williams | A new partnership between major Japanese companies aims to explore exporting green hydrogen from New Zealand – but the economics of producing the energy-hungry fuel remain the biggest hurdle.
Wales council to buy and demolish homes prone to flooding
4 Feb 2026
A row of homes in a village in south Wales is to be bought by a local authority and demolished as they can no longer be protected from flooding caused by the climate crisis.
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.
EDS puts environmental lawmaking under the spotlight
26 Feb 2026
Media Release |The Environmental Defence Society has launched the first in a series of investigative pieces into how environmental laws are being made in Aotearoa New Zealand.
Climate 'dream team' launches foundation targeting 100 million tonnes in emissions cuts
25 Feb 2026
By Shannon Morris-Williams | The New Zealand Climate Foundation, which has the ambitious aim of cutting 100 million tonnes of greenhouse gas emissions by 2035, had its official launch on Monday.
Expert Panel invites EDS to comment on Bendigo goldmine
Fri 13 Mar 2026
Media release | The Environmental Defence Society has been invited to provide comment on the Bendigo-Ophir gold mine by the expert Panel tasked with deciding the fast-track project.
If the government is set on an LNG terminal, gas users, not electricity users, should pay
Wed 11 Mar 2026
By Christina Hood | COMMENT: It's increasingly clear that the government's narrative of LNG as ‘dry year electricity insurance’ really doesn't stack up.
NZ'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.
Tiny, lost and constipated: what a baby turtle told Australian scientists about warming seas
6 Mar 2026
The arrival of loggerheads in New South Wales shows these ‘sentinels of climate change’ are being forced into unknown territory.
The world’s largest climate finance deal was built to flounder: why funding fails to reach the front‑line
6 Mar 2026
Adopted in December 2015, the Paris Agreement commits countries to keeping global temperature rise below 2°C above pre-industrial levels.
Kiwis overly optimistic about state of environment
27 Feb 2026
By Shannon Morris-Williams | New research suggests many New Zealanders believe the environment is in better shape than it really is, with public perceptions often out of step with scientific evidence.
‘They pushed so many lies about recycling’: the fight to stop big oil pumping billions more into plastics
24 Feb 2026
Plastic production has doubled over the last 20 years – and will likely double again. For author Beth Gardiner, metal water bottles and canvas tote bags are not the solution. So what is?
Todd gets nod to drill first super-critical geothermal well
Thu 12 Mar 2026
By Pattrick Smellie | Todd Energy is to make its sole oil drilling rig available to drill the first exploration well under the government’s $60 million super-critical geothermal resource exploration programme under a ‘preferred supplier’ agreement announced yesterday.
Media round-up
20 Feb 2026
In our round-up of climate coverage in local media: 'Every tonne matters': The climate scientist who wants to give you hope; Minister says managed retreat is an option; and climate change is here – is New Zealand ready?
China has a new competitor? Kazakhstan reveals huge rare Earth deposit that could power the next tech boom
25 Feb 2026
China’s grip on rare earths might finally see some competition, and the world is already taking notice.
How falling battery costs are igniting race for round-the-clock solar power
Fri 13 Mar 2026
By combining the solar array with a massive amount of battery capacity, the aim is to store enough power generated during daylight hours so that a minimum of 1 GW of electricity – enough to power between 500,000 and one million homes – is available 24 hours a day, 365 days a year.
Native plant shows promise for tackling `forever chemicals’
Wed 11 Mar 2026
Media release: University of Auckland | One of Aotearoa New Zealand’s taonga plants, harakeke, shows promise as a treatment for removing “forever chemicals” from drinking water.
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.
Claims that AI can help fix climate dismissed as greenwashing
18 Feb 2026
Tech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report.
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.
NZ EV owners sticking with electric – survey
Wed 11 Mar 2026
Nearly all New Zealand EV owners say they would buy another electric vehicle, according to new research from Consumer NZ.
Summit aims to revive stalled UN talks on phasing out fossil fuels
Wed 11 Mar 2026
Colombia and the Netherlands have set out three priorities for a conference on phasing out fossil fuels they will co-host in Colombia in April.
Infrastructure plan calls for ‘predictable approach’ to electrifying economy
18 Feb 2026
Aotearoa’s first National Infrastructure Plan, introduced to Parliament yesterday, calls for "a predictable approach to electrifying the economy" as one of ten priorities for the next decade.
Global coastal sea-level risks may be underestimated, say scientists
5 Mar 2026
By Shannon Morris-Williams | Coastal communities across the Pacific and Southeast Asia could be facing greater sea-level rise risks than previously estimated, researchers say.
Study finds warming world increases days when weather is prone to fires around the globe
20 Feb 2026
The number of days when the weather gets hot, dry and windy — ideal to spark extreme wildfires — has nearly tripled in the past 45 years across the globe, with the trend increasing even higher in the Americas, a new study shows.
Western Australian communities want mandatory payments from new renewable developments
6 Mar 2026
The West Australian government wants to make new wind and solar farms pay into community funds, but host towns say more work needs to be done to make sure the payments actually happen.
