Topics tagged with 'Emissions trading'
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.
ETS will trim Kyoto bill $909 million, pushes Key further out on policy tightrope
16 May 2008
The emissions trading scheme will avoid a 15 to 50 million tonne rise in emissions between 2008 and 2012, Climate Change Issues Minister David Parker has told Parliament, in what appears to a ground preparing statement ahead of National leader John Key’s ETS policy announcement this Sunday.
Expert tells businesses: Wake up, it’s happening now
16 May 2008
New Zealand businesses that fail to act now on carbon face a real risk of losing market share, with many already feeling the financial impact of the new way of doing business, says PWC partner Julia Hoare.
The Global carbon trading market takes flight
16 May 2008
Paul Ezekiel travels regularly from his Manhattan office to emerging markets like China and Brazil, prospecting for clean energy projects.
Emissions trading scheme must proceed
16 May 2008
The Emissions Trading Scheme must proceed, as it is an essential system for New Zealand to adjust to a carbon-constrained future and live up to our clean green image, says Dr Jan Wright, Parliamentary Commissioner for the Environment.
At last, Nats to tell us where they stand on the ETS
15 May 2008
National will break its silence on Sunday on where it stands on the Government’s emissions trading scheme.
Bluffing over aluminium: EU says post-2012 ETS impact may be 'negligible'
15 May 2008
While Rio Tinto talks of its Bluff aluminium smelter being put on a path to closure by the proposed emissions trading scheme, the European Union says the effects of including the sector in its scheme “may well be negligible” once a new post-Kyoto international agreement is in place.
Angry Greens ask Government: Is it us or them?
14 May 2008
The Government is in the firing line from both National and the Greens over its performance on the emissions trading scheme.
Fletcher role revealed, Government extends credit assistance further than sought
14 May 2008
The advice from Fletcher Building which helped persuade Government to make a further $1.3 billion in emission credit concessions to heavy emitters is revealed in an appendix to the interim report of the select committee considering the emissions trading bill.
New Zealanders losing ambition on climate change: Ipsos
Wed 20 May 2026
By Pattrick Smellie | New Zealanders’ belief that their government has a plan to combat climate change has taken another serious hit in the latest poll of 31 countries by global research firm Ipsos.
Six NZ climate solutions up for 2026 Earthshot prize
Today 11:30am
By Shannon Morris-Williams | Six New Zealand climate and sustainability initiatives have been nominated for the 2026 Earthshot Prize, with the shortlist showcasing Kiwi-led solutions tackling emissions, plastic waste and ocean restoration.
$30m airline fund risks ‘burning public money’ without lasting benefit – expert
20 Mar 2026
By Shannon Morris-Williams | A $30 million government package to support regional air routes risks delivering poor value for money while increasing emissions, according to transport strategist Tim Adriaansen.
Europe has 'maybe six weeks of jet fuel left', energy boss warns
20 Apr 2026
Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week.
Govt unveils long-awaited voluntary carbon market guidance
Fri 15 May 2026
By Shannon Morris-Williams | The Government has released long-awaited guidance for New Zealand’s voluntary carbon and nature markets, as questions continue for the sector despite ministers signalling support for its growth.
Biomass sector asks: where did the love go?
Mon 18 May 2026
By Pattrick Smellie | New Zealand has sufficient biomass in its plantation forests to replace natural gas for industrial process heat at lower costs than electrification, but is failing to get the attention it deserves, sector leaders say.
Carbon News updates forward curve
13 May 2026
Carbon News has updated its ten-year NZU forward curve, following a recent rise in spot market prices, with NZUs rallying from about $34 in January to nearly $54 in early May.
UN members reinforce nations' climate change obligations
Today 11:30am
The United Nations General Assembly on Wednesday adopted a resolution reinforcing states' obligations to combat climate change, a long-awaited move toned down under pressure from major greenhouse gas emitters.
Drop in ETS forestry registrations
5 May 2026
By Liz Kivi | ETS forestry registrations have dropped off this year, with the new mandatory emissions return period, new land-use rules, and carbon price volatility all meaning participants aren’t rushing to register forestry in the emissions trading scheme.
Hipkins pans LNG plan as ‘massive step backwards’
Tue 19 May 2026
By Liz Kivi | Labour leader Chris Hipkins has told a Queenstown audience that a Government he leads would not proceed with a planned LNG import terminal, if elected at November’s election.
Tairāwhiti deserves better than weakened forestry rules
5 May 2026
OPINION: The government's proposed amendments to forestry standards, released yesterday, ignore the hard lessons learned in our region and ignore the voices that have fought hardest to protect it, writes Manu Caddie.
Green building council calls for clean energy policies
Mon 18 May 2026
The New Zealand Green Building Council has released its 2026 election manifesto calling for policies to reduce energy waste in buildings, lower household and business energy costs, and improve New Zealand’s energy security.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
21 Apr 2026
Hungary has played a disproportionate role in EU climate and energy policy in recent years, by repeatedly vetoing climate action and by delaying the phaseout of Russian fossil-fuel imports.
New solar farm to boost West Coast energy security
Today 11:30am
Construction has begun on a new 13.5MW solar farm in Reefton, with developer Lightyears saying the project will help strengthen electricity security on the West Coast and support future regional growth.
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.
Are hailstones getting bigger due to climate change?
Today 11:30am
Scientific studies suggest that a warmer climate does not necessarily lead to more frequent hail, but rather to more severe hailstorms with larger hailstones.
EDS urges MPs to scrap the Fisheries Amendment Bill
5 May 2026
Media release | The Environmental Defence Society today lodged a substantive submission on the Fisheries Amendment Bill.
Govt presses ahead with forestry rule changes despite opposition
14 May 2026
By Shannon Morris-Williams | The Government is pushing ahead with changes to commercial forestry rules despite most submitters opposing the proposals, with critics warning the reforms will weaken councils’ ability to manage erosion and forestry slash risks in vulnerable regions such as Tairāwhiti.
Iran war pushes Portugal to halve fossil fuel use over next 10 years
Wed 20 May 2026
Lisbon fast-tracks plans after the Iran war caused oil and gas costs to soar, Energy Minister Maria da Graça Carvalho tells POLITICO.
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.”
New funding for low methane farming uptake
29 Apr 2026
By Pattrick Smellie | The government will co-fund projects under an Early Adoption Accelerator scheme announced today to accelerate the uptake of low emissions farming technologies emerging from the AgriZero public-private partnership.
NZ Govt’s move to halt climate litigation under international scrutiny
Tue 19 May 2026
By Liz Kivi | Local and international NGOs have signed an open letter calling on the Government to reconsider its decision to shield major emitters from legal liability for climate-related harm.
Why ‘greenhushing’ signals deeper issues with NZ’s climate risk reporting regime
Fri 15 May 2026
By Hang Pham, Te Herenga Waka — Victoria University of Wellington | Most of us are familiar with the concept of greenwashing: organisations exaggerating or overstating their environmental credentials. But in New Zealand, there are signs the country’s climate disclosure regime may inadvertently be driving a very different trend: not saying much at all.
‘Formidable’ El Niño expected this winter
29 Apr 2026
By Liz Kivi | Meteorologists are anticipating a significant El Niño influence on weather patterns across the country from winter onwards, with predicted lower rainfall for some areas and heavier rain for others likely to impact multiple sectors of the economy as well as the carbon market.
Victorian Hydrogen announces Southland urea fertiliser project using coal
22 Apr 2026
By Liz Kivi | Australian-based Victorian Hydrogen has announced it is developing a new 1.5 million-tonne-a-year urea fertiliser operation in Southland, which it will apply for under fast-track legislation.
Media round-up
24 Apr 2026
In our round-up of climate coverage in local media: What is the real cost of storm-hit infrastructure? Urgency is needed over climate adaptation funding; and a community conservation group has won a legal victory against multinational mining company OceanaGold.
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.
Labour condemns Govt plan to stop climate litigation
Fri 15 May 2026
By Liz Kivi | The Labour Party has slammed the Government’s move to block climate lawsuits against big emitters but won’t say if they would repeal the legislation if elected in November.
GIDI-style help cheaper than LNG: MBIE
11 May 2026
By Pattrick Smellie | Officials advised ministers last July that the lowest-cost way to free up gas for use during dry winters was to assist industrial gas users to switch to electricity.
Govt missing tricks to save fuel in crisis
30 Apr 2026
By Shannon Morris-Williams | The Government is being urged to shift its response to the fuel crisis away from short-term relief and towards measures that reduce demand, with public health experts warning it is missing an opportunity to boost energy security and lower household costs.
Climate risks could reshape business finances, new guidance warns
15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
Move to block lawsuits could strengthen climate case against Govt
14 May 2026
By Liz Kivi | The Government’s plan to block climate lawsuits – while potentially fatal for one groundbreaking climate case – could actually bolster claims in another live climate case underway against the Government.
‘Utterly elated’ – controversial Sams Creek gold mine application declined
Today 11:30am
By Max Frethey, Local Democracy Reporter | Campaigners are elated after the controversial gold mining application for Sams Creek in Golden Bay was declined.
Conservation land open for voluntary carbon market schemes
12 May 2026
By Pattrick Smellie | The government is to open up the Crown-owned conservation estate to private investment in voluntary carbon market projects.
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.
Pacific voice on climate at the UN
Wed 20 May 2026
A New Zealand-based researcher has told a United Nations forum that rising sea levels are already reshaping life across the Pacific and climate change is causing irreversible impacts on water supplies, food security and cultural identity.
Environmental groups sue Trump administration over approval of new ultra deep-water drilling project
23 Apr 2026
Environmental groups sued the Trump administration on Monday over its approval last month of oil company BP’s ultra deep-water drilling project in the Gulf of Mexico.
Opposition slams environment ministry merger
13 May 2026
By Shannon Morris-Williams | Opposition MPs accused the Government of downgrading climate and environmental protections as legislation to abolish the Ministry for the Environment and merge it into a new mega-ministry passed its second reading in Parliament.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
Fri 15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
ESG funds include petrochemical companies, report finds
5 May 2026
Global banks have invested US$133bn into US petrochemical expansion, even as the industry is linked to climate change.
NZTA rejects covering $145m of Wellington public transport projects
Wed 20 May 2026
By Justin Wong, Local Democracy Reporter | More than $145 million of Wellington public transport projects - including new bus spines along the harbour quays and the redevelopment of ageing Waterloo station - never made it into the Government’s $32.9 billion national land transport plan.
Thousands protest in Germany urging faster shift to renewable energy, amid Iran war
20 Apr 2026
Thousands of people demonstrated across Germany on April 18, urging a faster shift to renewable energy and accusing conservative Chancellor Friedrich Merz’s coalition of putting the brakes on the transition.
Green Party calls for national electrification plan
20 Apr 2026
By Liz Kivi | The Green Party is calling for a national plan to electrify homes, transport and industry using renewable energy, to reduce fossil fuel dependence in response to the Middle East crisis.
China widens its clean energy lead
Mon 18 May 2026
Chinese companies account for more than half of global investments in clean energy manufacturing since 2019, while new U.S. investments declined last year.
‘Landmark’ conservation reform bill – boost or bust for nature?
8 May 2026
By Liz Kivi | The Government has announced an overhaul of the country’s conservation system, which environmental organisation Forest & Bird says will undo the work of many generations of Kiwis to protect public conservation land.
Combined climate extremes may prompt carbon budget rethink
14 May 2026
Media release: Springer Nature | Combined extreme climate events are likely to become more common in the future if carbon emissions continue to rise, a paper in Nature suggests.
Media round-up
Fri 15 May 2026
In our round-up of climate coverage in local media: The government's move to change climate law removes a key protection for NZ citizens, farmers should be paid to use methane-busting tools, and it's one step forward, three steps back on environment policy.
Carbon trading schemes cut more emissions than carbon taxes, according to global study
20 Mar 2026
By Shannon Morris-Williams | Carbon trading schemes are more effective than carbon taxes at reducing emissions, cutting fossil fuel use, and accelerating the shift to renewable energy, a global study has found.
Why both trees and technology are important in the race to mitigate carbon emissions
4 May 2026
Different carbon‑removal approaches solve different problems, and pitting these technologies against each other could slow progress.
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.
UN members prepare for pivotal vote on landmark ICJ climate justice ruling
Fri 15 May 2026
If the resolution is passed, governments will recognise their legal responsibility to cut greenhouse gas emissions.
NZ First moves to revive container return scheme
4 May 2026
By Shannon Morris-Williams | NZ First is aiming to launch a national container return scheme, which could recycle over a billion wasted containers each year, reviving a policy shelved by the previous Labour-led Government in 2023.
Commission urges Govt action on climate risks
7 May 2026
By Liz Kivi | Climate change currently poses major risks to our water infrastructure with “significant gaps” in readiness to manage risks and increasing hazards, according to the Climate Change Commission.
Why is Northern Ireland facing a growing threat from wildfires?
7 May 2026
Figures show that spring drought events are happening more often while there has been a sharp rise in "fire weather" - a mix of warmth, dryness, and wind that allows fires to ignite and spread rapidly. Experts warn this combination, along with climate change, is creating a longer and more volatile wildfire season.
Human health appears unaffected by living near wind turbines
Today 11:30am
Media release: PNAS | High-resolution data collected across the United States show negligible evidence of adverse health outcomes tied to wind turbine exposure, a study finds.
