Topics tagged with 'Emissions trading'
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.
Best by the rest...
22 Jul 2022
In our weekly round-up of the best climate coverage in the local media: How not to solve the climate crisis; Are carbon markets hurting farming communities? Plus the government’s $9.8 million climate-wrecking stimulus.
MPI calls for submissions on changes to ETS forestry regulations
20 Jul 2022
The Ministry for Primary Industries is calling for submissions on draft changes to forestry regulations in the Emissions Trading Scheme (ETS).
Five buyers gobbled up 95% of NZUs at June’s ETS auction
18 Jul 2022
The top five participants in June’s ETS auction bought more than 96% of the 6,125,000 NZUs up for grabs, the interim NZETS auction monitoring report reveals.
Kenyan bourse brings carbon exchange to East Africa
14 Jul 2022
Climate change mitigation efforts in Kenya have received new impetus after the Nairobi Securities Exchange (NSE), inked a deal with the AirCarbon Exchange (ACX) and the Nairobi International Finance Centre (NIFC) to set up Kenya’s first carbon offset exchange.
Hong Kong launches international carbon council, to support cross-border trading
7 Jul 2022
Hong Kong Exchanges and Clearing Limited, or HKEX, has launched the Hong Kong International Carbon Market Council, the exchange said in a statement late July 5, with developing an international carbon market as its principal focus.
Review of Australia’s carbon credit units announced
5 Jul 2022
The Australian government has announced the appointment of an independent panel (Panel) to review the integrity of Australian Carbon Credit Units (ACCUs).
New voluntary carbon unit will incentivise landowners to preserve regenerating native bush
28 Jun 2022
A new voluntary carbon unit, launched today, will incentivise landowners to protect areas of regenerating native bush currently ineligible for NZUs under the ETS.
Best by the rest...
23 Jun 2022
In our weekly round-up of the best climate coverage in the local media: New Zealand’s offshore energy revolution; climate policy’s winners and losers; and how climate change is putting marae at risk.
Transport-related GHG emissions cost society $1.68 billion a year
22 Jun 2022
By Liz Kivi | Transport-related greenhouse gas emissions (GHGs) are costing society $1.68 billion a year, according to a recent report commissioned by the Ministry of Health.
Carbon Markets set to continue growth as countries double down on climate ambition: IETA Survey
22 Jun 2022
Carbon markets around the world are set to continue growing rapidly as countries double down on climate ambition, and as corporates continue to pursue net-zero goals, finds IETA’s latest annual Market Sentiment Survey
CCR trigger price likely to get a boost next year
20 Jun 2022
With the Cost Containment Reserve fully depleted at last week’s second ETS auction of the year market commentators are picking the Climate Change Commission will advise the government to up the trigger price.
Tomorrow’s carbon auction expected to empty the Cost Containment Reserve
14 Jun 2022
With the spot price of carbon trading more than $6 above the Cost Containment Reserve’s $70 trigger price the remaining 1.306 million NZUs in the CCR are expected to be snapped up at tomorrow’s ETS auction.
Rebooting China’s carbon credits: What will 2022 bring?
10 Jun 2022
Carbon market players are watching closely to see how China’s version of carbon credits, the China Certified Emission Reductions (CCER) scheme, will be rebooted.
HWEN: Experts and lobby groups react
9 Jun 2022
A climate change expert says He Waka Eke Noa’s recommendations for pricing agricultural emissions, released yesterday, are surprisingly unambitious, and there appears to be “a significant gap” in the reductions needed to meet government targets.
Canada unveils carbon emissions offset market
9 Jun 2022
Canada unveiled Wednesday a national carbon emissions market to help it meet its climate goals by allowing cities, farmers and others to sell credits for CO2 reductions to heavier polluters.
HWEN proposes burp levy with proceeds recycled to agricultural research
8 Jun 2022
He Waka Eke Noa, the Primary Sector Climate Action Partnership, is proposing a farm-level split gas levy as its preferred alternative to pricing agriculture emissions through the Emissions Trading Scheme.
Best by the rest...
3 Jun 2022
In our weekly round-up of the best climate coverage in the local media: The farming lobby split over climate policy; the Reserve Bank takes on fuel prices; and Australia pledges climate action in the Pacific.
China's Carbon Emission Allowance price at $8.76/mtCO2e
31 May 2022
The daily weighted average price of a Carbon Emission Allowance, or CEA, under China's national carbon market was at Yuan 59/mtCO2e (US$8.76/mtCO2e) on May 27, and weekly trade volume totaled 551,351 mtCO2e, according to data from Shanghai Environment and Energy Exchange, or SEEE.
Australia’s first carbon credit ETF excludes NZUs from mix
26 May 2022
Australia’s first carbon credit ETF, announced this week, won't be including NZUs in the mix as its limiting itself to the four most actively traded and largest carbon markets.
No done deal on EU carbon market reform
26 May 2022
Lawmakers in the European Parliament’s environment committee voted on a major overhaul of the EU’s carbon market last week, but it’s a long and possibly bumpy road to EU legislators shaking hands on the final deal.
Price of NZUs edging higher
25 May 2022
The price of NZUs on the spot market has edged past the $77 mark this week for the first time since the middle of last month.
Fossil fuel industry loses its grip over Australia’s climate and energy policies
24 May 2022
Australia has a new Labor government and a significant climate-focused cross bench, and it might just mark the beginning of the end of an almost decade-long grip the fossil fuel industry has held over national climate change and energy policy.
Kiwi founded company aiming to shake up global carbon markets
23 May 2022
By Liz Kivi | A Kiwi founded tech company, launched last month, is aiming to revolutionise the global carbon market with new technology that can accurately measure emissions in real-time and is much cheaper than current methods.
MEPs raise ambition on EU carbon market reform
18 May 2022
The European Parliament environment committee on Tuesday (17 May) agreed on reform of the European carbon market — including its expansion to buildings and transport.
ERP: Oppposition politicians respond
17 May 2022
The National Party has condemned much of the first Emissions Reduction Plan, released yesterday, as corporate welfare but welcomed the announcement that $710 million had been earmarked for helping agriculture to lower its emissions.
Berlin pushes for a €60 minimum price on EU carbon markets
17 May 2022
Discounting allegations of speculation on the EU carbon market, Berlin is throwing its weight behind a minimum price of €60 per tonne of CO2, saying it will ensure this through national measures if the EU does not take action.
Australian carbon market splits as buyers pay more for “high integrity” units
17 May 2022
Australia’s carbon offset market is showing signs of splitting in two, analysts say, as buyers show they are willing to pay a premium for “higher integrity” offsets.
$2.9 billion allocated to reducing emission over the next four years
16 May 2022
Critics will dismiss it as little more than a speed bump on the highway to climate catastrophe while its supporters will welcome it as a multi-modal map to a net carbon zero New Zealand in 2050.
California $19Bn carbon market not good enough to curb emissions
16 May 2022
California’s carbon market was supposed to be a model for the US, harnessing the power of capitalism to fight climate change in the world’s fifth-biggest economy.
Big players snaffle up bulk of NZUs at auction
11 May 2022
The top five successful bidders at the last NZ ETS auction snaffled up 78% of the NZUs on offer.
European carbon prices tumble, failing to scale new highs as gas drops
11 May 2022
There may be no fresh risks of an escalation in the Ukraine war and in the standoff between the EU and Russia regarding its fossil fuels, but recession fears spilled over to the carbon market. The price of a ton of CO2 equivalent within the EU ETS fell more than 5% after challenging recent record highs.
ACT proposes blitzkrieg of climate bureaucracy
10 May 2022
The ACT Party says it would scrap the Climate Change Commission and Energy Efficiency and Conservation Authority and ditch all climate change related subsidies and environment-related job schemes, in its alternative budget launched yesterday.
Singapore carbon exchange targets futures trading with German bourse
10 May 2022
A Singapore carbon exchange is teaming up with Germany's main bourse to launch futures trading for carbon offsets as early as this year to meet the growing demand from companies to hedge their risks from greenhouse gas emissions.
Best by the rest...
6 May 2022
In our Weekly round-up of the best climate coverage in the local media: Sea levels are rising and Kiwi communities are sinking - who will pay for the damage? And Green MP Chlöe Swarbrick argues for collective responsibility on climate change.
Winner of Australian election must fix carbon market: report
5 May 2022
The next federal government has been urged to review the carbon market as experts question the integrity of credits used by companies to balance their books on emissions.
‘Money time’ for EU carbon market reform in the European Parliament
3 May 2022
The lawmaker overseeing the adoption of a key package of EU climate legislation in the European Parliament has urged colleagues to stop fighting over the proposed reform, saying Europe must rise to the occasion in the current geopolitical context.
The too-invisible hand of the EU emissions market
28 Apr 2022
When European Union policy-makers envisaged the Emissions Trading System (ETS) in 2003 as their single tool to drive down greenhouse-gas emissions (GHG), it looked like a win-win approach. Industry, non-governmental organisations and public authorities welcomed the directive with its market-based mechanism, putting a price on greenhouse gases, to reduce emissions in a ‘cost-effective’ way.
Now we know the flaws of carbon offsets, it’s time to get real about climate change
26 Apr 2022
Last month former Australian carbon market watchdog Andrew MacIntosh blew the whistle on Australia’s carbon offset market. He described the scheme as a “rort” with up to 80% of carbon offsets “markedly low in integrity”.
As the sea level rises, who will pay? Councils seek answers
Tue 15 Jul 2025
By David Hill, Local Democracy Reporter | North Canterbury's councils are seeking guidance from Government over who pays for protections from sea level rise, flooding and weather events.
Farmers slam proposed guidelines for sustainable finance
Today 11:30am
By Liz Kivi | Federated Farmers is calling on the government to scrap its proposed framework for ‘green’ finance, saying it is ideologically driven, unworkable, and risks harming rural communities.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Nations agree to tax premium flyers, private jets
2 Jul 2025
A group of countries, including France, Kenya, Spain and Barbados, pledged on June 30 to tax premium-class flying and private jets in a bid to raise funds for climate action and sustainable development.
Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’
Fri 11 Jul 2025
In the midst of a record-breaking heatwave in Europe, the UK city of Exeter recently played host to the second international conference on “tipping points”.
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 PRICE: NZUs $57.33
Today 11:30am
The Carbon News NZU Index closed at $57.33 yesterday, up 17 cents on the previous day's close.
Indigenous elders lose landmark climate battle against Australian government
Today 11:30am
The Australian government has won a landmark climate case against residents of islands under siege from the impacts of climate change.
Bearish sentiment lingers for carbon market
Fri 11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
EU wants to see China take more ambitious climate action
Tue 15 Jul 2025
The world needs China to show more leadership on climate action, highlighting the importance of cutting planet-heating emissions and reducing the Chinese economy's reliance on coal.
NZ voluntary carbon market’s sad state
Mon 14 Jul 2025
By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.
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.
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.
More choices for how we use, buy and sell electricity – and lower our power bills
Today 11:30am
Media release – Electricity Authority | New Zealanders will have more choices for how they use, buy and sell electricity – so they can lower their power bills – because of new market rules confirmed today by the Electricity Authority Te Mana Hiko (the Authority).
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
Govt announces $600k package for flood-affected farmers in Nelson Tasman
Today 11:30am
The government has announced a $600,000 support package for flood-affected farmers in the Nelson Tasman Region, a move Federated Farmers says is a lifeline.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Foresters seek time; end to using ETS as a land use tool
Today 11:30am
By Pattrick Smellie | Production and carbon forestry owners have begged the environment select committee to at least give the sector more time to come up with workable rules for legislation intended to cap forest planting on farmland.
Climate backtracking could impact trade relationships: Labour
9 Jul 2025
By Liz Kivi | Labour Party Energy spokesperson Megan Woods says the government needs to be upfront about how its energy policies will impact trade relationships, following revelations New Zealand was warned by other governments that backtracking on climate policies jeopardised its membership of an international alliance.
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.
Debanking bill 'financially dangerous'
Tue 15 Jul 2025
By Shannon Morris-Williams | A private member’s bill aiming to stop financial institutions from considering ESG factors has been slammed by leading investment groups, legal experts, and climate finance advocates as misguided, financially dangerous, and legislative overreach.
4000 hectares of forest uprooted by extreme winds in Nelson-Tasman storms
Tue 15 Jul 2025
By Liz Kivi | Foresters are facing a massive clean-up and tens of millions of dollars worth of damage from recent climate change-fuelled storms at the top of the South Island, with initial reports of 4000 hectares of wind-thrown production forestry.
Can you trust climate information? How and why powerful players are misleading the public
Fri 11 Jul 2025
The climate crisis is more urgent than ever, so why is there a disconnect between stated policies and actual practices?
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.
Electric firebricks: decarbonising high-temperature industrial heat
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.
‘Significant gaps’ in proposed approach to climate adaptation
Thu 10 Jul 2025
A new report into climate adaptation doesn’t suggest how development in high-risk areas should be avoided - an issue that needs urgent action with thousands of homes still being built in hazardous areas, according to the Environmental Defence Society.
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.
In Latin America, the energy transition stirs a rise in human rights lawsuits
8 Jul 2025
A new report shows that more than half of the 95 energy transition-related lawsuits recorded globally since 2009 took place in Latin America and the Caribbean.
Clear-sighted view to trade-offs crucial to reimagining our relationship with the land
7 Jul 2025
By Nick Swallow | COMMENT: New Zealand could see a 70% drop in the value of dairy land if we pursue our emissions targets for agriculture, according to a new report.
Unlocking economic growth on conservation land
9 Jul 2025
Media release - New Zealand Government | A targeted effort to reduce the backlog of applications for use of conservation land is accelerating economic growth without compromising conservation values, says Conservation Minister Tama Potaka.
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.
Millions of tons of tiny plastic particles are polluting the ocean, study finds
Tue 15 Jul 2025
At least 27 million tonnes of nanoplastics are estimated to be floating in the North Atlantic Ocean, weighing more than all wild land mammals combined.
'Back-to-basics' approach for councils ignores climate risk
Fri 11 Jul 2025
By Shannon Morris-Williams | While ACT is standing local government candidates to oppose councils' attempts to manage emissions and ministers are calling for local authorities to 'get back to basics' - or even suggesting scrapping regional councils altogether - one expert says this narrative is putting communities at risk in the face of climate change.
Markets aren't going to save us – Carr
9 Jul 2025
By Shannon Morris-Williams | Consumerism is reaching its ecological and economic limits, and only systemic change - not market tweaks - can steer us away from climate catastrophe, according to former Climate Change Commission chair Rod Carr.
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.
Feedback sought on national fuel security plan
Today 11:30am
Media release - Beehive: The Coalition Government is seeking feedback on a draft Fuel Security Plan that provides a long-term strategy to ensure New Zealanders have reliable access to fuel in times of domestic and global disruption, Associate Energy Minister Shane Jones says.
US: Why the federal government is making climate data disappear
Today 11:30am
Under Trump, climate denial has given way to something even more dangerous: climate erasure.
UK: Thousands lobby MPs to demand climate action
Thu 10 Jul 2025
More than 5,000 people from across the UK arrived in Westminster on Wednesday to meet their MPs and demand urgent climate action to protect their communities.
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.
Have renewables decreased electricity prices?
Today 11:30am
There is a persistent argument in certain circles that renewable energy is associated with higher costs than fossil fuels.
Researchers unveil new tools to accurately track methane emissions
Mon 14 Jul 2025
Breakthrough methane monitoring tools developed by Earth Sciences New Zealand are set to transform how farmers, landfill operators, and wastewater facilities track and tackle their methane emissions.
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".
Kiwi ‘smart panel’ startup aiming to reduce energy bills and emissions
4 Jul 2025
NZ start-up Basis this week launched an ‘intelligent’ panel to replace traditional electrical switchboards in homes, which it says can save the average home $1,200 NZD annually on bills and lead to lower emissions.
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.
Fast, sustained phase-out of fossil fuels: best-performing countries in coal and transport sectors
Thu 10 Jul 2025
By Robert McLachlan | It’s true that climate change is getting worse – it will continue to get worse until emissions fall to near zero. But is action on phasing out fossil fuels really stalling?
UN Human Rights Council fails to call out fossil fuels after decision cuts mention
Fri 11 Jul 2025
A proposal by the Marshall Islands and Colombia calling for a transition away from fossil fuels at the UN Human Rights Council failed to make it into the council’s declaration on climate change and human rights issued on Tuesday.
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.
The struggle for control of the Arctic is accelerating - and it's riskier than ever
Fri 11 Jul 2025
As the battle for one of the world’s coldest places heats up, an increasingly fragile security balance may be breaking down, leading to an escalating arms race.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
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.
