Topics tagged with 'Emissions trading'
G8 environment ministers fail to set emissions cut target
28 May 2008
A three-day meeting of G8 environment ministers in Japan has concluded with a familiar call for nations to agree on goals to cut emissions.
Australians shift on free emissions
27 May 2008
The New Zealand Government is continuing to rule out free carbon credits to most sectors of the economy, despite a shift in thinking in Australia on the issue.
Greens reveal more of their conditions for ETS support
27 May 2008
The Greens have set out some of their policy demands for support of the emissions trading bill.
Parker rules out personal carbon rationing
27 May 2008
Climate Change Issues Minister David Parker is ruling out a personal carbon emissions trading scheme here.
No early mad rush for Energy Mad's household emission credits
27 May 2008
The first ever online auction of voluntary carbon credits created by demand side energy efficiency projects in New Zealand is off to a slow start.
Low-carbon economy – millions of new jobs?
27 May 2008
Ethical Corporation- Europe's leaders say a low-carbon economy will create millions of new jobs.
Forum heads to the select committee
26 May 2008
A high-powered group of business and community leaders who back an emissions trading scheme will appear before the finance and expenditure select committee today to answer questions from MPs.
Dunne does a dance on ETS costs to households
26 May 2008
UnitedFuture leader Peter Dunne says the party’s future support of both the Emissions Trading Scheme and the biofuels legislation currently before Parliament hinge on the issue of the impact on household budgets.
Assumptions used to delay fossil fuel in ETS may prove unreliable
26 May 2008
Key data behind the Government’s major decision to defer including liquid fuels in the emissions trading scheme until 2011 rely on multiple assumptions which may prove unreliable.
Note NZ: EU achieves economic growth while holding emissions levels
26 May 2008
In a result which could send a heartening signal to New Zealand's ETS backers, a new report from the European Unions shows it has been able to achieve economic growth while restraining emissions.
NZ MARKET REPORT: Prices drift ahead of European long weekend
26 May 2008
Carbon prices drifted ahead of a long weekend in Europe and the US. Oil was slightly higher but off recent highs and it had minimal impact on the direction of carbon – the market was quiet and volume was light in both EUAs and CERs.
MOODY'S REPORT: ETS could affect heavy emitters' cedit ratings
26 May 2008
Ratings agency Moody's says the European Union's ETS actions could profoundly affect the operations of some of the region's most emissions inensive industries.
Survey reveals how much would you pay for 2008-2012 CER strip
26 May 2008
How much would you currently pay per CER for the 2008-2012 strip?
Greenpeace: Good initiatives at risk under polluter subsidy plans
26 May 2008
Greenpeace welcomes today's Green Party announcement that all state houses will be properly insulated within five years but warns initiatives like this could be at risk if big polluters get their way.
Tanzos: Landcorp should help sheep farmers avoid emissions costs
26 May 2008
Green Party MP Nandor Tanczos has called on Landcorp to support New Zealand sheep farmers by trialling organic sheep farming methods rather than leading the shift to dairy conversion.
Bullish carbon prices expected to continue
26 May 2008
Broker IDEAcarbon expects market billishness to continue.
Europe's three biggest emitting companies named
26 May 2008
The three biggest emitters in the EU's emissions tradinge scheme have been revealed.
EXCLUSIVE - National answers questions on ETS: No bill backing even if it gets all it wants
23 May 2008
In response to a series of questions from Carbon News, National says it will bring farmers into the emissions trading scheme, but won’t vote to pass it before the election – even if it can get all six of its key demands into the draft legislation.
Price for NZ First support of ETS not paid yet
23 May 2008
A Budget commitment to help the elderly meet the rising cost of electricity under an emissions trading scheme is just the first concession of several being demanded by New Zealand First as its price for supporting the climate change bill.
Fiscal forecast: ETS will lose Govt $121m net in first commitment period
23 May 2008
The Government will allocate $2,151 million in emission credits and earn $2,030 million from them in the first Kyoto commitment period, making a net loss of $121 million.
Dunne: More than tax cuts needed for households to counter ETS price rises
23 May 2008
There will be justifiable outrage and anger if the Government decides to treat these cuts as effectively a down payment on increases in the cost of living brought on by the Emissions Trading Scheme, according to United Future leader Peter Dunne.
Australia debates leaving petrol out of ETS
23 May 2008
A major debate is underway in Australia on leaving petrol out of its emissions trading scheme.
Cullen quizzed on multi-billion ETS surplus from sale of credits
23 May 2008
The Government will make a net revenue gain from the emissions trading system of up to about $159 million a year between 2013 and 2018 - $795 million over five years - and "perhaps" $1b to $1.5 b a year out to 2030.
Greens get warm, energy-efficient houses in Budget win
23 May 2008
Almost $100 million has been secured in the Budget by the Green Party fore measures which includ increasing the energy-efficiency of New Zealand homes, making it the party’s largest-ever Budget package.
Leadership forum to front select committee on ETS
22 May 2008
The Leadership Forum on Climate Change will be the next group to front-up to the Parliamentary select committee as jockeying continues over who will and will not support the climate change bill that will bring in the emissions trading scheme.
Business-as-usual Budget for climate change
22 May 2008
Today’s Budget will not be the big-bang for the environment that Australians experienced with their Budget last week, but will contain some steady-as-she-goes policy continuation.
Govt's moratorium won't affect electricity supply - Caygill
22 May 2008
A moratorium on new thermal power plants is unlikely to affect security of supply, says the Electricity Commission.
ANALYSIS: National delivers heavy emitting friends into tougher hands
22 May 2008
National’s decision to abandon support for the emissions trading bill has effectively delivered more power to parties wanting a tougher line on heavy emitters.
UN world climate change leaders to address business people at Auckland
22 May 2008
Two of the world’s foremost authorities on managing climate change will be joined by the Prime Minister Helen Clark and New Zealand business leaders at Auckland events to mark World Environment Day on June 4.
UK Minister: carbon trading works, 100% business compliance
22 May 2008
The final UK results for the first phase of the EU Emissions Trading System, which ended in December 2007, demonstrated that carbon trading can work and helped to cement the UK’s role at the centre of the global carbon market, according to Environment Minister Phil Woolas.
Delaying the ETS risks electricity security , delays to win energy investment
22 May 2008
Delaying the Emissions Trading Scheme risks discouraging investment in new electricity generation, says Gerry Coates, Chair of the New Zealand Wind Energy Association.
Symbolic Australia emission credit trade at $19 paves way for new ETS market
22 May 2008
Australia's first symbolic carbon trade has put a symbolic price of $19 a tonne on emissions.
Ka kite Rio Tinto….kia ora ETS
21 May 2008
The Maori Party has launched a stinging attack on big businesses that it says are trying to bully the Government into transferring the cost of their greenhouse-gas emissions on to taxpayers, suggesting that the party is going to give the Government the numbers to pass the emissions trading scheme into law.
ETS bill vote support scenarios favour bill’s passage
21 May 2008
Labour could carry its emissions trading bill through the House with a maximum of 70 votes to 51 if it gathers the support of its current coalition partners and independent MP Taito Phillip Field.
The "windfall" controversy: Long term fiscal impact of ETS will be in Budget
21 May 2008
EXCLUSIVE: Finance Minister Michael Cullen has told Carbon News he will reveal Treasury’s long-term fiscal projections for the emissions trading scheme in tomorrow’s Budget.
Smith: Labour needs to come clean on multi-billion dollar ETS windfall profits
21 May 2008
National yesterday again challenged the Government to release the official papers that reveal just how much the Government is set to profit from the emissions trading scheme, saying it is "apalled" it has been denied leave to table official documents in Parliament.
NZ MARKET REPORT: Prices edge up on back of rocketing oil
21 May 2008
The carbon market edged higher today on the back of a rocketing oil price and overall the outlook for carbon is bullish, according to carbon broker OMFinancial.
Deforestation Risk Overstated
21 May 2008
Fears that a temporary delay in the passage of the Climate Change (Emissions Trading and Renewable Preference) Bill could lead to significant deforestation are unfounded, according to the Flexible Land Use Alliance.
Top climate change academics shun National's bid to delay ETS
21 May 2008
An academic group from Victoria University's Institute of Policy Studies has come out publicly with "several arguments" why the legislation should not be deferred.
Mallard cites sustainability in potential $200m fashion market.
21 May 2008
Environment Minister Trevor Mallard says Government initiatives and regulatory drivers, like the Emissions Trading Scheme and the New Zealand Energy Strategy, and changing consumer behaviour mean that New Zealand businesses do need to “get real” and become sustainable.
US' biggest coal burning power firm to turn cow dung into carbon credits
21 May 2008
The American Electric Power company is going to trap methane from cow manure in a bid to earn emission credits.
EMA applauds plan to "pause" ETS
21 May 2008
The Employers and Manufacturers Association Northern supports the need for New Zealand to have a robust policy to combat man-made contributions to greenhouse gases.
ETS delay will cost taxpayers money, says trader
20 May 2008
Carbon trading house OM Financial is warning that delaying the introduction of New Zealand’s emissions trading scheme will cost taxpayers money.
Fed Farmers pushes to have soil carbon sequestration included in ETS
20 May 2008
Federated Farmers is calling for a greater push toward getting soil recognised as a legitimate method of storing greenhouse gases, saying that it would be a boon to farmers struggling to deal with emission from animals.
Who pays for climate change?
20 May 2008
OPINION: New Zealand Centre for Political Research.- Last week the Parliamentary Commissioner for the Environment came out in support of the Government's Emissions Trading Bill as the gateway to a 'carbon-constrained future':
Let’s cool it, says Key, and sends ETS into a spin
19 May 2008
The National Party has kicked the emissions trading scheme into touch, saying it won’t support the bill in its present form and wants to delay passing it until after the election.
Worried farmers: We want to be part of the ETS
19 May 2008
Farmers want to do their bit and be part of the emissions trading scheme, says Federated Farmers president Charlie Pedersen.
Nats could be punished, say environment groups
19 May 2008
Environment groups are warning the National Party that it could be punished at the ballot box for failing to take decisive action on climate change.
Kyoto carbon trade hits one million tonnes a day
19 May 2008
The European Climate Exchange says its futures trade in carbon emissions credits from developing countries based on a UN scheme has hit a million tonnes a day after launching the contracts in March.
Trading in the dark is no place for the nervous
19 May 2008
Carbon may well be the world’s fastest growing traded commodity, and will one day be the biggest, but right now it’s no place for the faint-hearted, as the ever-growing ranks of carbon traders are finding.
Governments must vote in favour of moratorium on deep sea mining
Tue 29 Jul 2025
Media release - Greenpeace | The 30th session of the International Seabed Authority (ISA) has ended with Greenpeace saying governments are continuing to fall short in protecting the deep sea.
Does NZ need a national incentive scheme for wetlands?
Fri 25 Jul 2025
By Liz Kivi | An expert is calling for a national incentive programme to restore New Zealand’s wetlands and wants to stop schemes to drain these vital carbon-sequestering ecosystems.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns
18 Jul 2025
Amid suspected fraud in the production of sustainable aviation fuel (SAF), a new report says the airline industry should stop calling all alternatives to kerosene “sustainable”.
Challenges persist in bid to mine the deep sea, even after boost from Trump
Tue 29 Jul 2025
After years of delay, the deep-sea mining plans of Canadian firm The Metals Company (TMC) now appear to be progressing as it pursues a controversial new path to securing a license to mine in international waters under U.S. jurisdiction.
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.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
At least 30 killed and several missing as heavy rains and floods lash northern China
Wed 30 Jul 2025
Thousands of people were evacuated as the region, including the capital Beijing, braced for more rainfall overnight.
Bearish sentiment lingers for carbon market
11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
Multi-day protest continues at coal mine
Wed 30 Jul 2025
Bathurst Resources has been forced to truck coal from its Stockton mine as climate activists occupy coal buckets at the mine for a third day.
Forestry can be a big plus for sheep and beef farmers – but there are caveats
22 Jul 2025
By Keith Woodford | OPINION: These are good times for sheep and beef farmers with record product prices for meat, which is precisely why now is the time for sheep and beef farmers to be looking again at farm forestry.
Common low-grade clay strengthens low-carbon concrete
5 Jun 2025
Media release | Engineers at RMIT University have converted low-grade clay into a high-performance cement supplement, opening a potential new market in sustainable construction materials.
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.
Hiringa eyes green methanol plant near Whanganui
Tue 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.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
A third of ‘slum residents’ in global south are exposed to disastrous flood risks
Wed 30 Jul 2025
One in three people in informal settlements in the global south live in floodplains and are at risk of a “disastrous flood”.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Wilding pines threaten Molesworth Station
Mon 28 Jul 2025
By Shannon Morris-Williams | Without increased support, the unchecked spread of wilding pines will continue to creep across Marlborough’s high country – putting iconic landscapes and one of New Zealand’s top five biodiversity hotspots at serious risk, according to an expert.
EV sales fall, but it’s complicated
Tue 29 Jul 2025
Imports of fully electric vehicles fell over 50% in value during the 12 months to June 2025, compared with the year ended June 2024, according to Stats NZ.
Watts talks big on energy reform, but barriers persist
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.
SBTi releases Net Zero Standard for banks, investors
24 Jul 2025
The Science Based Targets initiative announced the release of its finalised Financial Institutions Net-Zero Standard, aimed at enabling banks and investors to set net zero-aligned targets for their lending, investing, insurance and capital markets activities.
NZ part of hidden global deep-sea network beneath the waves
Fri 25 Jul 2025
Media release - Earth Sciences New Zealand | A world-first study of marine life, including sea creatures found in New Zealand's dark, cold, pressurised ocean depths, has revealed that deep-sea life is surprisingly more connected than previously thought.
‘Ideological sludge’: How NZ is quiet quitting climate action
17 Jul 2025
New Zealand once stood out as a world leader on climate change. In June it became the first country in the world to abandon a commitment to phase out oil, gas and coal.
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.
Taranaki mayors want hydrogen kick-start from Wellington
Mon 28 Jul 2025
By Craig Ashworth, Local Democracy Reporter Taranaki mayors want central government to partner up with their councils to kick-start a hydrogen industry. This despite ongoing questions about the gas’s effectiveness in reducing carbon emissions.
Climate catastrophes are creating a ‘new market reality’ for insurance carriers
23 Jul 2025
Raging wildfires and severe storms contributed to record-high global insurance losses — totalling an estimated US$84 billion — for the first six months of the year.
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.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
Fri 25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
All aboard for passenger rail in the golden triangle
Mon 28 Jul 2025
Media release – The Future Is Rail | New Zealand’s national passenger rail advocacy group, The Future is Rail, has announced its strong support for the Green Party’s proposal to establish a new passenger rail service connecting Auckland and Tauranga.
Urgent action needed to get on track for climate goals - commission
Fri 25 Jul 2025
By Shannon Morris-Williams | New Zealand is making progress on reducing greenhouse gas emissions, but more work is needed – urgently – to set up for future reductions, according to the latest report from the Climate Change Commission.
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.
Toxic algae are turning South Australia’s coral reefs into underwater graveyards
Tue 29 Jul 2025
Since March, a harmful algal bloom, fueled by a marine heat wave, has been choking South Australia’s coastline.
NZ govt’s fossil fuel plans could break international law
24 Jul 2025
By Liz Kivi | The government could be breaching international law with its plans to subsidise and expand fossil fuel extraction, following a ruling overnight from the world’s highest court.
Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’
11 Jul 2025
In the midst of a record-breaking heatwave in Europe, the UK city of Exeter recently played host to the second international conference on “tipping points”.
‘Total infiltration’: How plastics industry swamped vital global treaty talks
Mon 28 Jul 2025
Petrostates and well-funded lobbyists at UN-hosted talks are derailing a deal to cut plastic production and protect people and the planet.
Media round-up
Fri 25 Jul 2025
In our round-up of the climate coverage in local media: Dairy conversions surge; Gore is hit with a drinking water crisis; meanwhile farming lobby groups Groundswell and Federated Farmers are up in arms about a plan to classify environmental impacts in the agriculture and forestry sector.
As US climate data-gathering is gutted, Australian forecasting is now at real risk
Wed 30 Jul 2025
As damage from climate change intensifies, political change overseas is threatening Australia’s ability to track what’s happening now, and predict what will happen next.
Activists sue US development bank over $4.6bn loan to massive Mozambique gas project
18 Jul 2025
Environmental groups claim loan is ‘unlawful’ in legal filing.
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.
China's carbon emissions may have peaked thanks to renewables push
Mon 28 Jul 2025
Climate experts say China's carbon emissions may have peaked, which could affect global climate targets, the fight against global warming – and the Australian coal industry.
Ocean heatwaves may signal climate tipping point
Fri 25 Jul 2025
A recent study that tapped into satellite data has revealed that 2023 marked an unprecedented year for marine heatwaves, with record-breaking levels of duration, reach and intensity across the world's oceans.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Can robot taxis solve NZ's transport woes?
23 Jul 2025
By Shannon Morris-Williams | The Ministry of Transport has tested the idea of driverless taxis as a futuristic fix. But while new modelling explores how "robotaxis" could ease congestion and reduce car ownership, critics say it misses a crucial point – the country’s worsening transport emissions.
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.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
5 Jun 2025
By Shannon Morris-Williams | Proposed changes to New Zealand's waste legislation risk undermining public trust in the waste levy scheme, according to Parliamentary Commissioner for the Environment Simon Upton.
The struggle for control of the Arctic is accelerating - and it's riskier than ever
11 Jul 2025
As the battle for one of the world’s coldest places heats up, an increasingly fragile security balance may be breaking down, leading to an escalating arms race.
NZ voluntary carbon market’s sad state
14 Jul 2025
By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.
For the first time, China invests more in wind and solar than coal overseas
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.
