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Topics tagged with 'Emissions trading'

More in: Emissions trading
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Washington raises $300M in its first auction for carbon pollution permits – here’s what it means

13 Mar 2023

The results are in for Washington State's first auction of carbon pollution permits. The cap-and-invest program brought in $300 million from many of state’s biggest emitters, including fossil fuel refineries and energy utilities.

Doubts about whether next week’s ETS auction will clear

8 Mar 2023

A week out from the first Emissions Trading Scheme auction of the year, the price of carbon on the secondary market continues its slide, closing at $65.75 yesterday, its lowest level since December 2021.

EU carbon hits record 100 euros as cost of polluting soars

22 Feb 2023

The price of permits on the European Union’s carbon market hit 100 euros (NZ$171) per tonne for the first time on Tuesday, a milestone that reflects the increased costs that factories and power plants must pay when they pollute.

Australian carbon market confusion as offsets take another hit

17 Feb 2023

The Australian Climate Council has called for the federal government to push to pause on new coal and gas projects as debate intensifies over Labor’s proposed safeguard mechanism reforms and as the credibility of carbon offset schemes is once again cast into doubt.

Nine global banks invest $45m in carbon credit platform

9 Feb 2023

Nine global banks have invested a total of $45 million in a new platform to help scale up transactions of voluntary carbon credits and make it easier for their customers to participate in the market.

Price of NZUs drifting slowly lower

30 Jan 2023

NZUs closed on the Commtrade platform at the end of trade on Friday at $72.50, down from a high of $88.50 on the secondary market towards the end of last year.

MfE sees no need to investigate NZU price drop prior to govt announcement

20 Dec 2022

The Ministry for the Environment won’t be investigating a significant drop in the price of NZUs on the secondary market and the first drop in price at an ETS auction since the auctions began.

Cabinet ETS decision a “hospital pass” for incoming government

19 Dec 2022

A former head of the International Energy Agency’s climate change unit has described the Cabinet’s rejection of the Climate Change Commission’s recommended changes to ETS settings as a “hospital pass” for the incoming government.

Price of carbon plummets in response to Cabinet rejection of Climate Change Commission recommendations

16 Dec 2022

By Jeremy Rose | Cabinet has ignored a Climate Change Commission recommendation to significantly increase the trigger price of the cost containment reserve and failed to reduce the number of credits available at auction by as much as the commission proposed.

ETS auction clears at $79.00

7 Dec 2022

The final ETS auction of the year cleared at $79.00 this morning.

Price of carbon down 6.8% over past fortnight

2 Dec 2022

With the final ETS auction of the year set to take place next Wednesday, the price of carbon on the secondary market has dropped by 6.8% since hitting an all-time high of $88.50 on November 14.

Govt announces changes to on-farm sequestration strategy

1 Dec 2022

The government has announced it will work with the primary sector to develop an on-farm carbon sequestration strategy.

Hong Kong exchange carries out first carbon credit trades

25 Nov 2022

The Hong Kong stock exchange has carried out the first batch of carbon credit trades on its new voluntary carbon market, joining a handful of Asian exchanges in tapping opportunities resulting from governments' push to achieve climate goals.

EU’s carbon removal certification could be global trend setter after COP delay: expert

24 Nov 2022

If done well, the EU’s new certification for carbon removals, due on 30 November, could provide vital clarity for international discussions following a failure to agree on a key text for removals at the COP27 climate conference, according to Kathy Fallon, director of land and climate at the Clean Air Task Force.

NZUs likely to be classified as financial instruments

23 Nov 2022

The Ministry for the Environment is consulting on whether NZUs should be treated as a financial instrument with agents, advisors and consultants subject to the Financial Markets Conduct regime.

NZ’s international offsets likely to come from “bespoke” Asia Pacific deals: Shaw

18 Nov 2022

The approximately 100 million offshore carbon credit offsets required to meet New Zealand’s Nationally Determined Contribution are likely to come from “bespoke” bilateral arrangements with countries in the Asia Pacific, climate change minister James Shaw has told an international climate change publication.

Belize to sell carbon credits worth millions

17 Nov 2022

Belize is one of the world’s most culturally diverse countries, comprised of Creoles, Mayans, and Mennonites. Tourism is the primary economic driver, with people coming to snorkel in its clear ocean waters and enjoy its unblemished coral reefs. They also want to see the world’s largest population of jaguars and 800 species of birds. Agriculture is a money maker too, with the country selling bananas, citrus fruits, and sugar to world markets.

Carbon price hits all time high

15 Nov 2022

The price of carbon has hit new heights on the secondary market this week.

Govt considering setting up its own secondary carbon market

14 Nov 2022

By Ian Llewellyn - Energy & Environment | The government has asked for thoughts on it running a centrally-cleared secondary carbon market as another option to existing markets.

Global securities regulators plan closer scrutiny of carbon trading

11 Nov 2022

Global securities regulators proposed closer scrutiny of carbon trading on Wednesday to deepen liquidity and prevent greenwashing in markets used by companies to offset their emissions to drive the transition to a net-zero economy.

Kerry announces proposal for public-private carbon market for developing countries

10 Nov 2022

U.S. climate envoy John Kerry on Wednesday formally announced the Energy Transition Accelerator, a public-private partnership aimed at developing carbon markets to transition developing nations off fossil fuels with private funds.

Blue carbon will be the next frontier of carbon crediting

10 Nov 2022

Carbon credits created by offset projects such as reforestation, soil sequestration by regenerative agriculture practice, avoided deforestation and direct air capture have become relatively well known, but a new carbon crediting method still in its infancy is quickly gaining popularity and attention — blue carbon.

Indonesia weighs blockchain-powered carbon trading scheme

2 Nov 2022

Indonesia wants to direct the blockchain craze toward greener use. The Indonesia Stock Exchange (IDX) has signed a memorandum of understanding with Metaverse Green Exchange (MVGX), a Singaporean startup that specializes in digital exchange technology.

Environment Committee calls for submissions on Climate Change Response Amendment Bill

20 Oct 2022

The Environment Committee is calling for submissions on the Climate Change Response (Extension of Penalty Transition for Forestry Activities with Low Volume Emissions Liabilities) Amendment Bill.

ETS carbon stockpile grows by nearly 8 million tonnes over past year

19 Oct 2022

The stockpile of carbon units in the ETS grew by close to 8 million NZUs from September 2021 to September 2022.

Concerns ETS changes could rapidly accelerate carbon price and risk ‘carbon leakage’

10 Oct 2022

The BusinessNZ Energy Council (BEC) says the Emissions Reduction Scheme should be left to do its job.

NZUs down more than 10% on last month’s record high

4 Oct 2022

The price of NZUs on the secondary market have fallen more than 10% since hitting a high of $87.30 on the CommTrade platform in the lead up to last month’s ETS auction.

Countries try to dodge EU's carbon market fundraising plan

27 Sep 2022

European Union countries are hunting for alternatives to an EU plan to use a carbon market reserve to help finance their exit from Russian gas, as some fear the proposal would undermine the bloc’s main climate change policy.

Christchurch City Council registers for ETS credits

22 Sep 2022

Christchurch City Council has made its first application for carbon credits under the Emissions Trading Scheme, voting last week to register about 300 hectares of regenerating native forest in Te Oka Reserve on Banks Peninsula.

Salesforce will launch carbon credit marketplace

22 Sep 2022

Business software provider Salesforce is bringing a new platform to the carbon market, where businesses will be able to buy carbon credits from a trusted partner with a third-party verification.

EU governments carving out €20 bn in carbon market exemptions for shipping

22 Sep 2022

Government ministers are in the process of carving out €20 billion worth of exemptions for the shipping industry in the new maritime carbon market (ETS), according to a new analysis.

Price of NZUs at bottom end of what’s required to keep global warming below 2 degrees: World Bank

21 Sep 2022

NZUs are trading at the bottom end of what’s required by 2030 if the world is to keep global warming below 2 degrees, according to the World Bank’s State and Trends of Carbon Pricing 2022 report.

Forestry could crash the ETS

20 Sep 2022

Climate Change Commission chair Rod Carr says, if left alone, the planting of pine trees purely for carbon credits will prevent the ETS from playing the part it should in reducing carbon emissions.

Norway buys carbon credits from Indonesia’s rainforest

14 Sep 2022

Indonesia and Norway have agreed to start a new partnership to reduce carbon emissions from deforestation in the Southeast Asian country.

Consultation on proposals to update ETS unit settings

13 Sep 2022

The government is consulting on proposals to update the Emissions Trading Scheme (ETS) unit settings for the period 2023 to 2027.

New UN global carbon market must involve civil society to serve the climate and local communities

12 Sep 2022

The new body tasked with designing and supervising the global carbon market under the Paris Agreement must put in place environmental safeguards and protect the interests of local and indigenous communities.

Forests make a comeback as African governments look to grow their carbon market

12 Sep 2022

In villages dotted across the African continent, locals living in once-heavily forested regions are starting to find their land in high demand.

Consultations open on ETS forestry cost recovery settings

9 Sep 2022

The Ministry for Primary Industries has opened consultations on proposed changes to the cost recovery settings for forestry in the emission trading scheme.

Netherlands warns against EU carbon market fundraising plan

8 Sep 2022

The Netherlands has warned other European Union countries that an EU plan to use a carbon market reserve to finance their exit from Russian gas would undermine the bloc's climate change policy, and put forward alternative plans.

ETS auction clears at $85.40

7 Sep 2022

Today's ETS auction cleared at $85.40 - a couple of dollars below the spot price being achieved at the close of trade yesterday.

Price of carbon hits record high on eve of 3rd ETS auction of the year

6 Sep 2022

The price of has carbon continued its steady rise, hitting an all-time high of more than $87 at the close of trade yesterday.

Price of carbon nears record high

23 Aug 2022

The price of NZUs on the secondary market is just 25 cents shy of the record high of $86.25 achieved in February.

The big firms snapping up Scottish carbon credits

23 Aug 2022

Weapons manufacturers, the oil giant Shell, and financial institutions which poured billions of pounds into fossil fuels are among firms buying Scottish carbon credits, prompting critics to claim the country is experiencing an era of “rampant carbon capitalism”.

EU carbon price hits record

22 Aug 2022

The price of carbon in the EU’s emissions trading system hit a new all-time high on Friday, August 19, as traders warned coal was becoming “re-embedded” in Europe’s electricity generation because of tight supplies of gas.

Best by the rest...

19 Aug 2022

In our weekly round-up of the best climate coverage in the local media: Olivia Wannan’s coverage of the “Polluting 7” hearing; massive insurance cost rises predicted in line with climate risks; and Greater Wellington commits to a stringent climate target.

Australia may be heading for emissions trading between big polluters

19 Aug 2022

Could Australia soon have a form of emissions trading? Yes, if Labor's much-anticipated paper on fixing Australia's mediocre emissions-reduction framework, released yesterday, is any guide.

Bill to come on free allocation of NZUs

15 Aug 2022

By Ian Llewellyn - Energy & Environment | The government intends to introduce a bill by the end of the year to reset the industrial allocation under the Emissions Trading Scheme and reduce what it assesses as a $60 million over allocation.

Forestry policy juggling competing priorities

8 Aug 2022

By Ian Llewellyn - Energy & Environment | The finance and expenditure committee has reported back the Overseas Investment (Forestry) Amendment Bill, highlighting the Government’s attempt to grapple with competing priorities in the sector.

Best by the rest...

5 Aug 2022

In our weekly round-up of the best climate coverage in the local media: Former Green Party leader Russel Norman on greenwashing and He Waka Eke Noa; political journalist Branko Marcetic on why the pundits are getting the Green Party leadership stoush all wrong; and land use expert Keith Woodford underlines the significance of recent government announcements for forestry rules and carbon pricing.

India developing a carbon market

5 Aug 2022

India is developing its carbon market by undergoing several climate action plans in just a matter of days. The world’s 3rd-biggest emitter planned to set up a carbon credit market for the hard-to-abate sectors. These would initially include energy, steel, and cement industries.

Adaptation
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How flying can be a climate solution

Today 10:45am

By Paul Callister and Robert McLachlan - Planetary Ecology | How can aviation contribute to tackling climate change when no practicable technology-based solutions are on the horizon?

Agriculture
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Forestry consents and relaxed rules in erosion zones sow seeds of future disaster

Fri 13 Jun 2025

OPINION: The government’s move to restrict exotic forestry on our best food-growing soils will push even more forestry investment onto high erosion risk land on the East Coast, with the worst land becoming the only land left for the most intensive and destructive land use, writes Manu Caddie

Airlines
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Greenwashing is rife in Australia, but could its days be numbered?

28 May 2025

COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?

Aviation
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Help sustainable aviation fuels take off or delay targets, airlines warn EU

20 May 2025

Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.

Biodiversity
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Sanctuary Mountain Maungatautari

'Time is right' for nature credits

Fri 13 Jun 2025

Media release | Sanctuary Mountain Maungatautari and Ekos are thrilled to be partnering with central government on the development of a voluntary Nature Credits Market pilot programme, announced by Associate Minister for the Environment Andrew Hoggard yesterday.

Biofuels
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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.

Carbon Credits
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Carbon auction odds-on to fail

Fri 13 Jun 2025

By Liz Kivi | The carbon price has rallied slightly in recent weeks, however with secondary market prices still hovering around the $57 mark, well below this year’s $68 auction floor price, next week’s Emissions Trading Scheme auction looks set to fail.

Carbon News world
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World leaders’ failure to act is pushing Earth past 1.5°C

Today 10:45am

Based on mounting evidence, some scientists now fear we’ve entered a new era of the climate emergency, characterized by accelerated warming and amplified disasters.

Carbon prices
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Govt mulls status quo for ETS auction settings

29 May 2025

By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.

Coal
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China's approvals of coal power plants grow after 2024 decline

Wed 11 Jun 2025

China approved 11.29 gigawatts of new coal power plants in the first three months of 2025, already exceeding the 10.34 GW approved in the first half of 2024.

Comment
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Credit: International Institute for Sustainable Development

A credible UN carbon market needs rules that count – we’ve just set them

Wed 11 Jun 2025

COMMENT: The broad standards for a more ambitious market are now in place. But without a steady flow of investment, this progress will remain largely on paper.

Construction
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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.

COP
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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.

Energy
More >

Electric firebricks: decarbonising high-temperature industrial heat

Fri 13 Jun 2025

By Ian Mason | A new technology could offer a more cost-effective solution than hydrogen to decarbonise one ‘hard-to-abate’ sector of New Zealand’s economy, as well as having ample potential for demand response as the electricity grid becomes more renewable.

Extinction
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Gas tanks at Te Whakaraupō Lyttelton Harbour

Govt budgets $200m for would-be gas investors

23 May 2025

By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.

Extreme weather
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Extreme ocean warming engulfed South-West Pacific in 2024

6 Jun 2025

By Shannon Morris-Williams | Unprecedented ocean warming engulfed the South-West Pacific in 2024, with extreme heat and rainfall causing deadly and devastating impacts and sea level rise threatening entire islands.

Fishing
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Government undermines regional powers to protect coastal biodiversity

Today 10:45am

Media Release | The Environmental Defence Society opposes the Government’s decision to press ahead with amendments to the Resource Management Act that severely curtail the ability of regional councils to manage the impacts of fishing on coastal marine biodiversity.

Forestry
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UN University report warns against carbon credits from REDD, tree planting, and improved forest management

Fri 13 Jun 2025

But the report stops short of recommending banning the trade in carbon temporarily stored in trees.

Gas
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Labor accused of ‘gaslighting’ Australians on climate crisis as fossil fuel projects keep getting approved

9 Jun 2025

‘They offer sympathy and then just go and approve massive fossil fuel projects anyway,’ one advocate says.

Geothermal
More >
Energy Minister Simon Watts addressing the CEP conference in Auckland this week

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.

Green finance
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Electrification challenge for politicians, regulators

27 May 2025

Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.

Greenhouse Effect
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As methane climate impacts soar, NGOs, scientists, and advocates launch campaign to 'pull the methane emergency brake'

Fri 13 Jun 2025

Media release | International NGOs, scientists, and climate advocates are launching a global campaign calling for deep, rapid, mandatory cuts in methane emissions as the best way to lower near-term global temperature rise.

Greenwashing
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Professor Jane Kelsey

Govt uses climate change as ‘Trojan horse’ for other objectives

Tue 10 Jun 2025

By Shannon Morris-Williams | The Waitangi Tribunal has heard that the New Zealand Government’s international trade and investment agreements are failing to meet Tiriti o Waitangi obligations in the context of climate change – prioritising commercial interests while sidelining Māori rights and worldviews.

Hydro power
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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.

Hydrogen
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What happened to the hydrogen economy?

3 Jun 2025

The hydrogen car that was supposed to carry us into a cleaner future is still not in the driveway. In fact, outside of a few test markets, it’s not in anyone’s driveway.

Insurance
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Climate change could drive surge in foreclosures and lender losses, new study finds

22 May 2025

Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.

Kyoto
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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.

Litigation
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Climate Change and Energy minister Simon Watts (left) with Genesis Energy chief executive Malcolm Johns.

Legal experts sue Climate minister over ‘glaring holes’ in climate plan

Wed 11 Jun 2025

By Liz Kivi | Legal experts are taking the government to court over its Emissions Reduction Plan, alleging it fails to fulfil basic requirements of the law – with one of the arguments focussing on an over-reliance on tree-planting.

Low carbon
More >

Could ‘orange’ hydrogen be NZ’s key to net-zero?

30 May 2025

By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.

Market advice
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Carbon News launches price index

24 Jun 2024

Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.

Mining
More >
Rachel Arnott with kaumatua Ngāpari Nui at the New Plymouth District Council committee

Tribunal asked to halt seabed mine fast-track

Today 10:45am

By Craig Ashworth, Local Democracy Reporter | South Taranaki hapū want the Waitangi Tribunal to halt a fast-track bid to mine the seabed off Pātea.

NZ ETS
More >
James Treadwell, president of the New Zealand Institute of Forestry

Foresters baulk at restrictions, land ballots

Wed 11 Jun 2025

By Liz Kivi | Forestry groups say that new legislation will introduce further uncertainty for planting plans and poses a threat to climate targets.

Oceans
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Ocean current ‘collapse’ could trigger ‘profound cooling’ in northern Europe – even with global warming

Fri 13 Jun 2025

A “collapse” of key Atlantic ocean currents would cause winter temperatures to plunge across northern Europe, overriding the warming driven by human activity.

Planetary boundaries
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Fight over coal mine heats up

30 May 2025

Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.

Plastics
More >
The microplastics found on a Waikato beach

Microplastics found in sand on dozens of NZ beaches

4 Jun 2025

Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.

Policy development
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Legislation introduced to restrict farm-to-forest conversions

Tue 10 Jun 2025

Agriculture and Forestry Minister Todd McClay has today introduced a bill to Parliament that he says will put a stop to large-scale farm-to-forestry conversions.

Protest
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Israel deports activist Greta Thunberg after military seized Gaza Freedom Flotilla ship

Thu 12 Jun 2025

Israel deported activist Greta Thunberg on Tuesday, the country's Foreign Ministry said, a day after the Gaza-bound ship she was on with 11 other people was seized by the Israeli military.

Rare earth minerals
More >
New Zealand Minerals Council chief executive Josie Vidal

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.

Renewable energy
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Could Queenstown become the world’s most electric city?

Wed 11 Jun 2025

By Shannon Morris-Williams | Queenstown is set to become the focus of an ambitious initiative aiming to transform it into the world’s most electrified destination.

Science
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Richard Hills

Climate progress slowing, says Auckland councillor

5 Jun 2025

By Shannon Morris-Williams | The devastating cyclone that tore through Tāmaki Makaurau in 2023 left behind more than just broken infrastructure, sparking calls to focus on facts over ideology in the fight against climate change.

Tax
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Green budget 'ludicrous la-la land' – govt

15 May 2025

Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".

Technology
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Biochar's negative emissions tech coming to Fieldays

6 Jun 2025

Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.

The House
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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.

Transport
More >
Richard Briggs

“It’s not the car – it’s how we move” – EECA

3 Jun 2025

By Shannon Morris-Williams| New Zealand’s transport emissions conversation has focused heavily on electric vehicles – but Richard Briggs, group manager, delivery and partnerships at the Energy Efficiency and Conservation Authority, says we’re asking the wrong question.

United Nations
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Rapid action vital following UN Ocean Conference – experts

Thu 12 Jun 2025

New Zealand-based experts are calling for rapid and transformative action to restore nature - and our relationship with it - at the third UN Ocean Conference in France this week.

Waste
More >

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.

Water
More >

Govt's RMA overhaul sparks fears for nature and climate

30 May 2025

By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.

Wildfires
More >

Tropical forest loss hit new heights in 2024; fire a major driver in Latin America

23 May 2025

Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.

Wind energy
More >

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.

More in: Emissions trading
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