Topics tagged with 'Emissions trading'
World ETS expert: global trading needed or ETS unsustainable
21 Apr 2008
The costs of combating climate change are much lower than they might seem, because there are real business opportunities wherever you look, according to Henry Derwent, President and CEO International Emissions Trading Association (IETA).
Genesis to build new $420m thermal plant unless regulations say not to
18 Apr 2008
The absence of legal definitions of base-load and peaking power supply is behind Genesis Energy’s seeking resource consent for a new thermal power station north of Auckland, the Government’s planned 10-year ban not withstanding.
NZIER foreshadows grim ETS study in pre committee publicity flurry
18 Apr 2008
The New Zealand Institute of Economic Research has publicly revealed its plan to produce a study at the ETS bill select committee hearings - and foreshadows it wants an alternative policy.
Bell Gully directly enters trading market
18 Apr 2008
A New Zealand law firm has created a world first in carbon trading, purchasing the first ever Certified Emission Reduction units to be transferred between two countries.
Bush whacked over climate change goals statement
18 Apr 2008
President Bush’s announcement of a new goal of stopping the growth in GHG emissions has met with a range of reaction, from being described as his “ last gasp?” by Sky News - to simply a statement which will “be soon forgotten”.
Carbon job market heating up fast
18 Apr 2008
Executive search firm A E Feldman (http://blog.aefeldman.com/2008/04/14/global-carbon-job-market-booming/) reports the global carbon market is heating up at a fast and furious pace.
NEW: Guide to setting up a CDM project
18 Apr 2008
The International Emissions Trading Association has prepared a specific Guidance Note for those interested in setting up CDM projects.
Team up to provide extra carbon market insurance capacity
18 Apr 2008
Munich Re Group and CarbonRe Switzerland intend to work in a strategic partnership to provide additional direct insurance capacity to the carbon markets.
Bush sets 2025 as year for nil US emissions growth
17 Apr 2008
US President George Bush this morning announced a new national climate change goal – to stop the growth of US greenhouse has emissions by 2025.
Smith: Government should be ‘up front’ over ETS costs and impacts, criticises 20 day media ban
17 Apr 2008
Opposition climate change spokesperson Nick Smith is urging the Government to come clean and tell the public exactly what advice it has about how much money the Government will make from the auctioning of permits under the proposed emissions trading scheme.
Contact Energy not defying thermal ban
17 Apr 2008
Contact Energy’s acquisition of two additional 100mw gas-fired power generation turbines does not breach the Government’s 10-year ban on new thermal power generation, the company told Carbon News last night.
Ministerial press secretaries impose up to 20 day information ban on Carbon News
17 Apr 2008
Two Ministerial press secretaries have said they will restrict the flow of information to Carbon News.
The questions we have asked Minister Parker
17 Apr 2008
Here are the questions Carbon News has asked Climate Change Minister David Parker.
EU officials investigate competitiveness issues arising from ETS plan
17 Apr 2008
European Union (EU) officials from the European Climate Change Programme (ECCP) in the past few days have initiated a program to identify which energy-intensive industries might need protection as a result of the EU's recently proposed tougher greenhouse gas (GHG) emissions controls.
EU will leave ETS breathing room for foreign airlines
17 Apr 2008
Europe will leave breathing room for non-European carriers if their homeland adopts an emissions trading scheme (ETS).
ANALYSIS: High hopes for the Lieberman-Warner ETS bill in the US
17 Apr 2008
By Emily Farnwort. - The °Climate Group recently held its first North American members meeting with attendance from over 50 leading businesses, states and cities. The conversation was centered on action from the US on climate change. It was a far-ranging and optimistic conversation with a striking focus on the need for leadership and a robust carbon market.
EXCLUSIVE: Treasury responds on ETS windfall, but defers to select committeee
16 Apr 2008
The Treasury reckons it’s easy as anything to work out how much the Government will make in windfall revenues selling carbon credits, but it still shrinks from putting a figure on it.
MAF report prompts call to include agriculture in ETS "now"
16 Apr 2008
The Sustainability Council says MAF’s report on the effects of the ETS on farm profits shows there’s no justification for delaying agriculture’s inclusion in the scheme.
Labour’s energy strategy in tatters, Brownlee says
16 Apr 2008
The prospect of power cuts this winter in the context of the 10-year ban on new thermal power stations shows the Government’s energy strategy is in tatters, National Party energy spokesperson Gerry Brownlee told Carbon News last night.
Bush about to make major climate policy change?
16 Apr 2008
The White House held a meeting with Republican lawmakers to gauge the reaction to the idea of supporting a limited cap on greenhouse gases, AP reports.
Market analysis: Dec 08 EURs now flirt with EUR25 per tonne
16 Apr 2008
Last week, a daily average 9.4million EUAs traded through brokers and Exchange, Fortis bank says in its weekly market analysis.
Government working on eco claim system, Mallard may look at new accord on packaging
16 Apr 2008
Environment Minister Trevor says the government is on a system to verify eco-claims being made on all goods and services.
First weekly GHG calculator shows NSW emissions up
16 Apr 2008
The world’s first weekly greenhouse indicator has revealed that greenhouse emissions from energy in NSW and Victoria have risen for the first quarter in 2008.
FINALLY IT IS OUT: Emissions trading windfall estimate now tops $21b
15 Apr 2008
Further evidence of massive revenues - as much as $21.4 billion - accruing to the Government from trading carbon permits after 2013 emerged at the select committee hearing into the Climate Change (Emissions Trading and Renewable Preference) Bill in Auckland yesterday.
Auckland airport: $30 per tonne will mean $68 under ETS plan
15 Apr 2008
Auckland Airport Limited says it will effectively face an emissions price of $60 a tonne, instead of $30, if it stays out of the emissions trading scheme.
Lobby builds to force companies to declare climate change exposure
15 Apr 2008
Spurred on by the example of the continuing reticence of finance houses over sub prime exposure, a group of institutional investors - including London’ s F&C Management which has holdings in New Zealand - is lobbying the US Securities and Exchange Commission to insist that companies disclose their exposure to climate change.
Market report: EUA-Dec08 breaks through 24 Euro barrier
15 Apr 2008
EUA-Dec08 breaks through 24 Euro barrier – Record crude and rising EU-carbon emissions support EU Allowances – sCER-Dec08 trades at EUR 16.25 – EUA/sCER spread widens to EUR 8+
EXCLUSIVE: 'Surprise' MAF report shows some farms will profit from ETS
14 Apr 2008
Already well-off dairy farmers could get a 30 per cent profit boost from the ETS, according to an apparently prematurely released Government report.
Thermal ban ‘will kill oil exploration’ – Todd
14 Apr 2008
Oil exploration off the Taranaki coast will be killed by the Government’s proposed 10-year ban on new thermal power stations, the chief executive of Todd Energy, Richard Tweedie, told Carbon News.
US Government ETS revenue windfall $1.13 trillion: new official estimate
14 Apr 2008
US officials have just released a new report estimating emission trading there will increase Government revenues by about $1.21 trillion over the 2009-2018 period.
Clark: Jury out on opponents' support for ETS, climate change policies
14 Apr 2008
In her speech to the Labour Congress at the weekend, Prime Minister Helen Clark defended her Government’s research and development funding, aimed at the pastoral and food sectors - and laid down a challenge to her political opponents to back the ETS legislation now before Parliament.
Major new Indian NCDEX exchange enjoys enthusiastic first day trading
14 Apr 2008
More than 200,000 CERs, worth INR 200 mln, were traded on the new NCDEX exchange (Friday NZ time).
EXCLUSIVE: $18b windfall for NZ government from ETS
11 Apr 2008
CARBON NEWS INQUIRY - The New Zealand Government’s coffers will be boosted by $18b in windfall revenues from sales of carbon credits between 2013 and 2024, according to privileged information obtained by Carbon News.
ETS will hit steel mill profits by $60m a year - $1 billion investment deferred
11 Apr 2008
MPs have been told a $1 billion decision to invest in New Zealand’s Glenbrook steel mill depends on the shape of the final emissions trading legislation, and the new regime might also lead to the mill’s closure.
Australian exchange reveals it will compete with TZ1
11 Apr 2008
The Australian Securities Exchange (ASX) had thrown down the gauntlet to its New Zealand counterpart’s launch later this year of its TZ1 carbon exchange.
Auckland University aims for floating turbine breakthrough
11 Apr 2008
A University of Auckland engineering doctoral student has received a $75,000 thee-year government scholarship to study the feasibility of floating wind turbines.
Regulatory changes pave way for emissions trading
11 Apr 2008
Cabinet has agreed to technical changes to the regulatory framework for securities and futures exchanges and clearing and settlement systems that will support the introduction of emissions trading markets.
MfE publishes key guide to emissions measurement and reporting
11 Apr 2008
The all important new Government guide on what factors to use in calculating emissions has just been released.
Nelson firm cited among world top 30 offset service providers
11 Apr 2008
New Zealand company Offset the Rest is the only company in Asia Pacific to be named as one of the top 30 carbon offset providers in the world.
No European-like second phase windfall profits for NZ generators
10 Apr 2008
European electricity generators are in line for massive windfall profits of around $140 billion over the next four years, but their vastly more environment-friendly New Zealand counterparts can expect no such largesse.
So just how does a country go 'carbon neutral'?
10 Apr 2008
The New Zealand Government says it aspires to be carbon neutral but has yet to say exactly how and by when.
Major puzzle for Kiwi ETS pioneers: who pays who what (twice)
10 Apr 2008
Some New Zealand businesses are facing a potential tangle over how to avoid double counting their emissions as a result of the country’s world-first move to include all greenhouse gases in all sectors.
US concerned over EU airline emissions charge plan, starts probe into airline pollution
10 Apr 2008
The United States is expressing “serious concern” over EU proposals to impose emissions charges on airlines.
Contact No1 in electricity hedge market services
10 Apr 2008
New research has confirmed that Contact is rated number one in the delivery of electricity hedge market services.
EEX reports sales revenue up 5%, profit up to e8.3 million
10 Apr 2008
European Energy Exchange AG (EEX) has managed to continue its strategy for European growth successfully during the business year 2007.
Mexico gets World Bank’s first climate change loan
10 Apr 2008
Washington -- The World Bank Board of Directors yesterday endorsed its first climate change lending operation, for Mexico, worth US$501.25 million.
Dubai and Eco Securities developing major CDM emission reduction projects
10 Apr 2008
Dubai Multi Commodities Centre (DMCC) and Nakheel, Dubai's premier development company, have signed a Memorandum of Understanding to jointly identify and develop emissions reduction projects across the whole of Nakheel's operations.
PWC expert: Exporters to feel bite of any EU shipping emissions move
9 Apr 2008
The likely inclusion of shipping in the European Union (EU) emissions trading scheme (ETS) looks set to hit New Zealand exporters in the pocket – and international airline passengers could be next to shell out for their carbon footprint.
No government plans for carbon import tariff – yet
9 Apr 2008
The Government has given an equivocal “No” to the possibility of imposing tariffs on imports from countries that don’t put a price on their greenhouse gas emissions.
New Zealand may attract premium on carbon deals
9 Apr 2008
New Zealand is generally viewed as a low-risk country, which will lead to a pricing premium for carbon deals.
NZ drops in global climate rankings as govt 'propels country backwards'
Wed 19 Nov 2025
By Shannon Morris-Williams | New Zealand has fallen to 44th place in global climate rankings, with the country’s climate policy rated “very low” amid widespread rollbacks of environmental protections.
Govt rejects CCC’s advice on net-negative 2050 but makes no official announcement
Thu 20 Nov 2025
By Liz Kivi | The Government has rejected the Climate Change Commission’s advice to strengthen the country’s net zero 2050 target, but appears to have buried the news with its announcement about methane targets last month.
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.
NZ’s shameful new role as ‘international climate pariah’
13 Nov 2025
OPINION: New Zealand has ratcheted up its climate backsliding in the past month – losing any shred of climate credibility we once had and showing the world we’re giving up on a net zero future, writes Kayla Kingdon-Bebb.
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.
Mounting emissions due to Government decisions
Thu 20 Nov 2025
By Liz Kivi | The Coalition Government’s climate policies have added a whopping 26 million tonnes of emissions out to 2030, according to new analysis of Government projections.
COP-and-trade? Tariffs, carbon tax weigh on climate talks
Thu 20 Nov 2025
Trade-restrictive measures loom large over this year's UN climate summit, with China pushing for wider market access for its green technologies and major developing economies challenging Europe over its new carbon border tax.
‘We must keep 1.5 alive’ – Minister’s statement to climate summit
Wed 19 Nov 2025
By Liz Kivi | Climate Change Minister Simon Watts has delivered New Zealand’s National Statement to this year’s United Nations climate summit, affirming the country’s commitment to international climate targets and saying “we must keep 1.5 alive.”
Act-NZ First split over future of the energy sector
14 Nov 2025
Act leader David Seymour has set out an energy policy platform that diverges sharply from coalition partner NZ First, arguing New Zealand must accept coal-fired backup generation, consider nuclear power, remove political interference from the electricity sector and sell down the government’s majority stakes in the gentailers.
'Little to be hopeful about' – NZ scientists caution ahead of COP30
31 Oct 2025
By Shannon Morris-Williams | Record heat, worsening climate impacts and global backsliding on emission reduction commitments have left some New Zealand climate experts with little optimism as COP30 approaches.
$235 billion worth of NZ buildings exposed to flooding
30 Oct 2025
More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.
NZ and Iceland collaborate on geothermal energy
Thu 20 Nov 2025
Media release: New Zealand Government | New Zealand and Iceland today signed an agreement to deepen cooperation on geothermal energy development.
Fast-track rewrite triggers procedural clash in Parliament
Wed 19 Nov 2025
The Government has entangled itself in a procedural dispute as it tries to push amendments to its fast-track regime through Parliament before Christmas.
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.
At COP30, focus on wildfire prevention amid record destruction
Thu 20 Nov 2025
With wildfires causing unprecedented damage, countries and organisations at COP30 agree to boost community-based prevention.
NZ marine heatwaves could double in intensity under high-emissions pathway
16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
Foresters warn ETS reforms could fell innovation
Mon 17 Nov 2025
By Shannon Morris-Williams | Elizabeth Heeg, chief executive officer for the Forest Owners Association, says forestry must not be stripped from the Emissions Trading Scheme, arguing that carbon income underpins forest management and rural resilience.
The hidden dangers in Canada’s oil and gas ambitions
Tue 18 Nov 2025
Premier of Alberta Danielle Smith thinks global demand for oil will grow to 2050, perhaps beyond, and the Alberta industry will be viable for a hundred years.
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.”
Oxfam urges NZ to renew climate funding as Pacific projects face closure
12 Nov 2025
By Shannon Morris-Williams | Oxfam Aotearoa is calling on the Government to urgently renew New Zealand’s climate finance commitments, warning that vital projects supporting Pacific communities’ resilience are running out of funding.
Building resilient cities in a time of climate change
13 Nov 2025
Media release: Otago University | Local and international experts are meeting in Wellington this month to share their knowledge on creating healthier, more resilient cities in the face of the challenges posed by climate change.
TotalEnergies loses in Paris court, marking a turning point for fossil fuel truth-in-advertising
5 Nov 2025
TotalEnergies was found to have misled consumers about its role in the energy transition.
Lake Onslow battery project set for revival?
29 Oct 2025
A newly formed private consortium has emerged with plans to finance and build the massive Lake Onslow pumped-hydro project, despite the coalition government’s decision to abandon the scheme.
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.
Ministers urge decisive methane action as global report shows progress, warns of gaps
Wed 19 Nov 2025
Media release: UN Environment Programme | The Global Methane Status Report, launched on the sidelines of COP30 in Belém, shows that while considerable progress has been made since the launch of the Global Methane Pledge in 2021, more work is required to align with the level of ambition and action needed to meet the Pledge.
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.
A landmark court ruling looms over US absence at COP30
Thu 20 Nov 2025
The historic climate change advisory opinion from the International Court of Justice suggests the United States is violating international law on climate, legal experts say.
Nelson commuters urged to ditch car once a week
22 Oct 2025
By Max Frethey, Local Democracy Reporter | Nelson has a bold carbon emission reduction target and residents are being encouraged to leave the car at home one day a week to help meet it.
Greens put miners ‘on notice’, pledge to revoke fast-track approvals
Tue 18 Nov 2025
By Shannon Morris-Williams | The Greens have pledged to revoke fast-track consents for coal, hard-rock gold, and seabed mining projects if elected to government next year.
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.
A crucial system of ocean currents may be on course to collapse. This country just declared it a national security threat
Mon 17 Nov 2025
As evidence mounts these currents could be on course for collapse, Iceland’s government has made the unusual move of designating the risk a national security threat.
Carbon Finance Program upscales efforts to close climate investment gap in climate vulnerable nations
22 Oct 2025
Media release | The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) will work with the Voluntary Carbon Markets Integrity Initiative (VCMI) to upscale the Carbon Finance Program in reach and impact, supporting more climate-vulnerable countries to host high-integrity carbon projects that yield tangible climate, nature, and sustainable development benefits.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Thousands march outside COP30 summit in call for action
Tue 18 Nov 2025
Marching to the beat of pounding sound systems, thousands of climate protesters have been bringing their message to the gates of the COP30 climate talks in Brazil.
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.
New national dataset to unlock blue carbon potential in NZ’s coastal wetlands
12 Nov 2025
By Shannon Morris-Williams | The Ministry for the Environment and the Nature Conservancy have collaborated on a dataset to inform a framework to potentially include coastal wetlands into compliance and voluntary carbon credit schemes.
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.
Artificial intelligence sparks debate at COP30 climate talks in Brazil
Thu 20 Nov 2025
At the U.N. climate talks in Brazil, artificial intelligence is being cast as both a hero worthy of praise and a villain that needs policing.
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.
Coastal roads in the climate spotlight
14 Nov 2025
By Sue Teodoro, Local Democracy Reporter | Vulnerable coastal roads across New Zealand, including in Masterton district, are coming under the spotlight as the Government works on a plan to address the cost of climate-related damage.
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.
Climate impacts hit NZ with increasing wild weather
23 Oct 2025
By Liz Kivi | New Zealand is facing a triple whammy of climate impacts today, with severe winds and rainfall predicted for much of the country while some areas are still dealing with wildfires ignited earlier in the week.
Southland windfarm plan moves through Fast Track process
Wed 19 Nov 2025
By Matthew Rosenberg, Local Democracy Reporter | A $1.1 billion Southland windfarm proposal has reared its head at a regional council after facing rejection earlier this year.
