Topics tagged with 'Emissions trading'
Government ETS moves will batter forestry Kyoto credit values
7 May 2008
Forest owners expect the value of their hard-won Kyoto carbon credits to plummet as a result of yesterday’s announced changes to the emissions trading scheme, with the likely result that few new forests will be planted.
Stock exchange chief looks to the futures
7 May 2008
NZX chief Mark Weldon says that changes to the timetable for implementation of the emissions trading scheme will move demand from a spot market to a futures market.
Non-committal Nats happy to play the waiting game
7 May 2008
National says it is carefully avoiding “running the politics” on climate change and won’t finalise its climate-change policy until at least July, when it sees Australia’s proposals.
Government allies vent their anger
7 May 2008
Government moves to delay the impact of the emissions trading scheme on big-business and motorists have earned anger from allies, with the Green Party threatening to pull its support.
Pandering, polluting, unprincipled – and popular
7 May 2008
ANALYSIS – The Government yesterday gave control over New Zealand’s transport fuel emissions to the offshore oil markets.
Changes not enough, NZ Steel tells government
7 May 2008
New Zealand Steel will today tell the Government that it still wants an exemption from the emissions trading scheme - despite Government moves yesterday to soften the impact of the scheme on big emitters.
Dutch mull over specific greenhouse gases for taxation
7 May 2008
The Netherlands is mulling over whether to build into its new controversial environment tax a specific levy linked to climate-changing nitrogen oxide (NOx) emissions.
Anxious Aussie farmers ‘in a twilight zone’
7 May 2008
Australian agriculture is heavily on the back foot as it tries to deal with the immediacy of the Rudd Government's move towards a national emissions trading scheme.
Asia's disappearing rainforests ‘an appalling crisis’
7 May 2008
The wanton destruction of Asia's rainforests is “one of the worst crises since we came out of our caves 10,000 years ago,” foresters have been told at an international meeting in Hanoi.
Heavy-emitters should buy now, says carbon trader
6 May 2008
New Zealand’s top 200 greenhouse-gas heavy emitters should be buying carbon credits now to protect against likely price rises as the emission trading scheme starts to kick in, says a leading leading carbon trader.
Unions, company worried about ETs-induced job losses at steel mill
6 May 2008
Unions say they are concerned about the potential impact of the emissions trading scheme on the Glenbrook Steel mill, and say that the potential impact on jobs and manufacturing capacity needs to be considered.
ETS hearings hit Auckland
6 May 2008
Hearings into the proposed emissions trading scheme move to Auckland tomorrow, with Air New Zealand, Greenpeace, Fletcher Building, the Maori Council and New Zealand Steel among those lining up to tell the politicians what they think if it.
Overnight prices indicate real Kyoto bill more than $1.5 billion?
6 May 2008
New Zealand’s true Kyoto liability might be closer to $1.5 billion, based on current emission credit prices.
EUAs trade averages 9.4 million a day and follows direction set by record coal price
6 May 2008
A daily average 9.4million EUAs traded through brokers and exchanges last week, according to Fortis bank's weekly international market analysis.
UN confident world can reach climate change pact in time
6 May 2008
Without a deal to cap greenhouse gas emissions around 2015, then halve them by 2050, the world will face ever more droughts, heatwaves, floods and rising seas, according to the United Nations.
ETS threatens viability of $400m plant, says cement maker
5 May 2008
The emissions trading scheme threatens the viability of a planned $US400 million cement plant which would actually reduce overall greenhouse-gas emissions, warns cement manufacturer Holcim New Zealand.
Nation’s biggest newspaper comes out for Forum advice on emissions trading scheme
5 May 2008
ANALYSIS: The New Zealand Herald today came out in support for the emissions trading scheme course advocated in advice to the Government last week by the powerful Climate Change Leadership Forum.
Aussie big boys scramble for carbon trading exemptions
5 May 2008
MAJOR Australian companies and industry bodies are pushing to be made exempt from the impact of a national carbon emissions trading scheme, claiming they will be hurt by cheap imports or lose out in export markets.
'Enemies' unite in plea for leadership on climate change
2 May 2008
Two lobbyists usually found on opposite sides came together last night in a call for national leadership, co-operation and unity on climate change for the sake of all New Zealanders.
NZ MARKET: Broker OMF recommends emitters sell put options
2 May 2008
Broker OMFinancial is recommending New Zealand emitters currently consider selling put options.
Tokyo carbon market raises prospect of round-the-clock trading
2 May 2008
The reputation of carbon credits as tradable commodity could take a major leap forward if the Tokyo Stock Exchange presses ahead with plans to create Japan's first greenhouse gas emissions trading market next year.
State gives $120m to find way to cut coal gas emissions
2 May 2008
The Victorian Government will give more than $120 million to Australia’s coal-fired power industry for measures aimed at reducing greenhouse gas emissions.
Climate Change Leadership Forum policy statement process
2 May 2008
Business NZ is perfectly entitled to disassociate itself from the Climate Change Leadership Forum's 10 point policy advice to Ministers on the Emissions trading scheme, released on April 28, the forum said in a statement yesterday.
NZIER sets cat among political pigeons
1 May 2008
Two days after being revealed exclusively by Carbon News, the New Zealand Institute of Economic Research’s (NZIER’s) report into the costs of the Government’s planned emissions trading scheme (ETS) is sending shock-waves through Parliament.
Emissions-trading impacts on regional agenda
1 May 2008
Worried regional leaders gathering in Wellington tonight will discuss a report that predicts some far-flung regions will be hardest hit by the emissions trading scheme.
Cheaper for government to pick up greenhouse-gas tab
1 May 2008
A private research company says that it would be cheaper to have the Government paying for greenhouse-gas emissions than using an emissions trading scheme.
NZIER refuses to disclose who is paying for its ETS report
1 May 2008
The NZIER will not say who is funding its latest report on the possible impacts of the emissions trading scheme.
ETS impact ‘like a major war’ – Act leader Hide
1 May 2008
The Government’s emissions trading scheme (ETS) will have the economic impact of a major war, according to Act Party leader Rodney Hide.
ANALYSIS: What you are not hearing from the NZIER and heavy emitters
1 May 2008
The NZIER appears to expect a New Zealand Government to carry on regardless with an all-sectors, all-gases emissions trading scheme for 17 years – if the rest of the country’s competitors do not.
Parker: Emissions trading 'effective and affordable'
1 May 2008
A summary of economic modelling shows emissions trading is an effective approach to reducing New Zealand’s greenhouse gas emissions in the long term, Climate Change Minister David Parker says.
Political realities mean emissions scheme phase in slower than desirable
1 May 2008
The political reality of having all sectors included in an emissions trading scheme means some major emitters will start paying for their greenhouse gas emissions later than is desirable in a perfect world.
Government's plan to reduce emissions will hurt economy - NZIER
1 May 2008
The Government’s proposed Emissions Trading Scheme, intended to ensure New Zealand plays its part in helping reduce global emissions of greenhouse gases, is likely to hurt the economy more than necessary, says a report issued today by the New Zealand Institute of Economic Research (Inc).
Agroforestry the best bet, say Aussies
1 May 2008
Agroforestry and reforestation are the best option for providing carbon offsets in the initial phase of an emissions trading system, according to Australian researchers.
NEW REPORT: 'households, road users and SMEs' carry multi-billion ETS bill
30 Apr 2008
All sectors of the economy should come into the emissions trading scheme at the same time to avoid the “huge transfer of wealth” that will be the result of the proposed scheme, says the New Zealand Sustainability Council in a report out today.
Lines companies can’t duck thermal ban - Parker
30 Apr 2008
Lines companies will not be able to buck the Government’s ban on new thermal power generation despite the Electricity Industry Reform Amendment Bill (EIRA) seeming to give them that option, Climate Change Minister David Parker has told Carbon News.
Minister reveals emissions trading scheme to cut emissions by 11%
30 Apr 2008
Climate Change Minister David Parker this morning revealed the Government expects its emissions trading scheme to cut emissions by 11% by 2012.
Tread carefully with jobs, say unions
30 Apr 2008
Unions are calling for a managed labour-market transition to carbon charging to avoid widespread job losses and pay cuts.
ETS will lead to more forests and cleaner air and water
30 Apr 2008
New Zealand’s emissions-trading and other climate-change laws will lead to more forests, better air and water quality and a slowing of damaging farming and fishing practices, but could also lead to increased pressure on the environment and some initial impacts on human health, according to new advice to the Government.
Poor households’ carbon bill: It’s all about location
30 Apr 2008
The location of poor households in Australia will be an important factor in how much a price on carbon emissions eats into their household budgets with the introduction of an emissions trading scheme, says research released by the Brotherhood of St Laurence.
Fine-tuning of emissions trading policies recommended
30 Apr 2008
The Government is being advised to strengthen measures to enhance energy efficiency and provide clear national guidelines to protect natural resources from potential degradation as it moves to address the country's greenhouse gas emissions.
Green Party wants commonsense emissions trading policies
30 Apr 2008
Green Party Co-Leader Jeanette Fitzsimons welcomes the release of the Cawthron Institute's environmental assessement of the emissions trading policy.
Leaked report says ETS will cost jobs, cut wages
29 Apr 2008
Wage cuts of $2.30 an hour, 22,000 lost jobs and a cost of households of up to $5000 a year are among the predictions contained in a report into the economic impact of the emissions trading scheme, Carbon News has learnt.
High-powered leadership group endorses emissions trading scheme
29 Apr 2008
A high-powered group of business and community leaders has endorsed the concept of an emissions-trading scheme in New Zealand as a way of managing and reducing greenhouse gas emissions, saying the impact on the economy will be minimal.
ANALYSIS: At last commonsense leadership on the ETS is heard above vested interest
29 Apr 2008
Did we last night see an agreed whole-of-New Zealand view emerge on the emissions trading scheme?
Climate Change Leadership Forum backs emissions trading scheme
29 Apr 2008
The Climate Change Leadership Forum, including 34 business and other sector leaders, has issued 10 key points of policy advice made so far to the Government and Finance and Expenditure Select Committee on the proposed emissions trading scheme (ETS).
EMA: "Carbon trade proposals could destroy economy"
29 Apr 2008
For common sense to prevail the Employers and Manufacturers Association (Northern) is urging our law makers to think long and hard about the effects of the Climate Change (Emissions Trading and Renewable Preference) Bill.
Greens cool down on coal, but still hot on emissions
24 Apr 2008
The Green Party says that closing down the coal industry will not be a bottom-line issue in post-election coalition talks - but genuine measures to cut greenhouse gas emissions will be.
ACT leader dismisses ETS legislation as ‘a rort’
24 Apr 2008
The emissions trading scheme (ETS) is just a government money-making rort, according to ACT Party leader Rodney Hide – and his party members agree.
UN watchdog bans ‘shamed’ Greeks from carbon trading
24 Apr 2008
Greece has become the first country to be suspended by a UN watchdog body from trading carbon credits under the Kyoto Protocol.
India’s eager money men study $6b carbon trading market
24 Apr 2008
Financial houses in India are excited by the news that the local market for carbon credits has been estimated at $6 billion over four years.
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'.
