Topics tagged with 'Emissions trading'
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.
Future governments could sell offshore carbon credits into ETS
4 Aug 2022
The government could purchase carbon credits from another government and then sell them through the ETS, Climate Change Commission commissioner Catherine Leining told an open Zoom session on Tuesday.
Consultation open on penalties for small foresters in ETS
4 Aug 2022
The Ministry for Primary Industries and the Ministry of the Environment are consulting on two options to change the penalty for small foresters in the New Zealand Emissions Trading Scheme (ETS) who fail to surrender or repay units by the due date.
Government’s decision to delay permanent forestry decision slammed
2 Aug 2022
Beef + Lamb NZ and farming protest group 50 Shades of Green have slammed the government’s move to put off a decision on removing exotics from the permanent forest category of the Emissions Trading Scheme.
Carbon market wakes from its slumber following Climate Change Commission advice
28 Jul 2022
The price of NZUs on the secondary market reached $82.50 – a jump of close to 13% on its opening price – following yesterday’s release of the Climate Change Commission’s advice to government on the NZ ETS settings.
Climate Change Commission recommends reducing number of NZUs on offer
27 Jul 2022
The Climate Change Commission has recommended the government reduces the number of NZUs on offer at auction and an increase in the trigger price of the cost containment reserve, in advice to the climate change minister released this morning.
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.
