Topics tagged with 'Emissions trading'
Designer of China carbon market sees expansion delayed
23 Mar 2022
A researcher who helped design China’s national carbon market said it will expand into new sectors later than expected, a setback for a key tool in President Xi Jinping’s drive to cut the world’s biggest source of emissions.
ETS auction spurs demand on spotmarket
17 Mar 2022
Buyers were out in force following yesterday’s ETS auction, with the CommTrade and Carbon Match platforms trading in excess of 600,000 NZUs before the close of trade.
ETS auction clears at $70.00
16 Mar 2022
THE first NZ ETS auction of the year cleared at $70.00 today.
China slams firms for falsifying carbon data
16 Mar 2022
China's environment ministry has slammed firms for falsifying carbon data, part of the country's efforts to improve data quality as it prepares to expand its national emissions trading scheme into more industrial sectors.
Australian carbon credit price plunges after policy change
15 Mar 2022
Australian carbon credits rose to record highs of more than $55 a tonne earlier this year, but in the past week the price has come crashing down.
Solomon Islands receives first carbon credit as part of conservation work
11 Mar 2022
A tribe in the Solomon Islands has become the first in the country to receive a carbon credit.
Carbon prices in the EU crash despite rising fossil fuel prices
8 Mar 2022
Since Russia launched its invasion of Ukraine, the price of carbon allowances in the EU has fallen drastically, lowering the cost to emit carbon despite record high fossil fuel prices.
EU carbon permit prices crash after Russian invasion of Ukraine
3 Mar 2022
The price of carbon permits in Europe has crashed dramatically following Russian’s invasion of Ukraine, lowering the cost of emitting carbon for the EU’s most polluting companies.
California's carbon markets getting in the way of climate targets: report
1 Mar 2022
CALIFORNIA'S carbon market could be hurting the state’s chances of meeting its ambitious climate goals, while at the same time exacerbating pollution in already overburdened communities, two new reports warn.
Carbon correction
28 Feb 2022
After reaching a high of $86.25 on the spot market earlier this month, NZUs closed at $80.75 on Friday.
Lead EU lawmaker proposes carbon market rules to respond to price spikes
17 Feb 2022
The European Parliament's lead lawmaker on reforms to the EU carbon market on Wednesday proposed rules to make it easier for policymakers to intervene in the scheme if prices rise too fast.
Poland calls on EU to remove 'speculators' from its carbon market
16 Feb 2022
Poland has urged the European Union to introduce "control mechanisms" to the bloc's carbon market and curb financial speculators' participation in the scheme, the Polish government said on Tuesday.
NZX listed carbon fund now worth nearly $100 million
14 Feb 2022
The NZX traded SALT Carbon Fund has shot up in value from just $9.39 million in January of last year to $98.45 million at the end of last week.
Aboriginal group launches new carbon farming body
11 Feb 2022
A new Indigenous carbon farming body has today been launched, with the aim of assisting native title groups and Aboriginal leaseholders to enter carbon markets.
Australia's carbon price dips following last year's 210% gain
10 Feb 2022
Australia’s carbon price has fallen 4.7 per cent to $54.50 a tonne over the past fortnight yet trading volumes of carbon units have surged, indicating the market is stabilising after a massive bull run last year pushed the price up by 210%.
ANZ economist warns of price volatility in carbon market
8 Feb 2022
ANZ agricultural economist Susan Kilsby has warned that the price of carbon "could move sharply in either direction" in an in-depth backgrounder on New Zealand's carbon market.
European carbon price climbs to new high
4 Feb 2022
The cost of polluting in the European Union jumped to a fresh record, with utilities looking to burn more coal just as the supply of permits dries up.
Global carbon markets value surged to record US$851 billion last year
1 Feb 2022
The value of traded global markets for carbon dioxide (CO2) permits grew by 164% to a record 760 billion euros ($851 billion) last year, analysts at Refinitiv said on Monday.
10 YEARS AGO...
31 Jan 2022
Ten years ago, the government said it was considering reducing the number of carbon credits allowed into the NZ ETS, as carbon prices continued to drop in Europe.
Number of NZUs entering ETS could be cut
26 Jan 2022
The number of NZUs on offer could be reduced in the future to take account of the extra units entering the system through the cost containment reserve mechanism, climate change minister James Shaw says.
China's national carbon market records brisk trading
25 Jan 2022
China's national carbon market has wrapped up its first compliance period with a steady rise in market activity, said the Ministry of Ecology and Environment on Monday.
China ETS reduces carbon but needs map to cap-and-trade based system: study
23 Dec 2021
China’s regional emissions trading scheme (ETS) pilots were effective in reducing companies’ carbon emissions in the early trading phase, despite low carbon prices and infrequent allowance trading, according to Chinese researchers.
Activists slam tweak to EU carbon allowance scheme
21 Dec 2021
The EU was set to revise its carbon Emissions Trading System (ETS) at Monday's (20 December) environment council meeting.
10 YEARS AGO...
17 Dec 2021
Ten years ago, a group of countries at the Durban COP committed to adopting a legally binding agreement to keep the average global temperature rise to below 2 degrees by no later than 2015.
$4.5 billion in projected ETS revenue committed to new climate emergency fund
16 Dec 2021
The government is committing the $4.5 billion it expects to earn from Emission Trading Scheme auctions over the next four years to a new Climate Emergency Response Fund (CERF).
Aussie carbon price outpacing house gains
13 Dec 2021
On Woomargama station 50 km north of Albury on the NSW-Victorian border, Clare Cannon is excited about the future.
When carbon credits drive people from their homes
13 Dec 2021
The Mayo River begins in the tropical cloud forests of Northeastern Peru. Where the Andean foothills meet the Amazonian plains, bromeliads, ferns, and mosses grow under palms, tropical hardwoods, and the liana vines that climb their trunks.
Carbon prices, long in the dumps, surge in U.S. and Europe
10 Dec 2021
Carbon bulls are on the ride.
Carbon market asymmetry: time to put power in the hands of people on the ground: opinion
10 Dec 2021
Eric Wilburn, the co-founder of the Carbon Cooperative, argues there's an asymmetry between those buying carbon credits and the often small-scale projects doing much of the heavy lifting when it comes to offsetting.
UK government set to step in as carbon price mechanism is triggered
8 Dec 2021
The UK government could intervene in the carbon market to reduce the costs big polluters have to pay for emissions permits, according to The Times.
Benchmark EU carbon price hits record high at 85 euros a tonne
8 Dec 2021
The Benchmark European carbon price hit a record high yesterday, climbing to 85 euros a tonne for the first time since the European Union's carbon market launched in 2005.
Carbon trading gets a green light from the U.N., and Brazil hopes to earn billions
7 Dec 2021
Carbon emissions trading is poised to go global, and billions of dollars — maybe even trillions — could be at stake. That's thanks to last month's U.N. climate summit in Glasgow Scotland, which approved a new international trading system where companies pay for cuts in greenhouse gas emissions somewhere else, rather than doing it themselves.
Scottish farmers cautioned over selling carbon credits
3 Dec 2021
SCOTLAND'S FARMERS have been urged to be cautious of selling off their carbon credits – because they may be needed to offset their own emissions in the future
ETS auction clears at $68
1 Dec 2021
THE final NZ ETS auction of the year cleared at a price of $68 today.
How a new global carbon market could exaggerate climate progress
25 Nov 2021
Nations are poised to begin building an international carbon market, after finally adopting the relevant rules at the UN climate conference in Glasgow earlier this month.
Government told to reform ETS to incentivise natives over pines
24 Nov 2021
A coalition of environmental groups and high-profile environmentalists is calling on the government to reform the Emissions Trading Scheme to prioritise the planting of native forests.
Polluters face price pain as global carbon trading system moves forward
22 Nov 2021
A Cop26 breakthrough means emissions trading schemes can work together worldwide with less fear of being gamed.
EU carbon prices hit record high
16 Nov 2021
EU CO2 prices hit a record Eur66/mt on Nov. 15, the first trading day after the UN Climate Change Conference and amid rising fuel prices driven by a cold weather forecast and gas supply fears resurfacing.
Half-baked carbon market rules fail to take heat off the climate: Carbon Market Watch
15 Nov 2021
After over five years of dithering and two weeks of intensive negotiations, the world’s governments settled on slimmed-down ground rules for carbon markets under the Paris Agreement’s Article 6.
London Stock Exchange aims to bring firms’ carbon claims ‘out into daylight’
10 Nov 2021
The London Stock Exchange is aiming to make funding for carbon reduction projects more transparent, introducing a new market that it says will help the industry to scale.
Cooking up carbon credits
5 Nov 2021
Climate change minister James Shaw has cited Switzerland as an example of a country that is meeting its NDC by offsetting in developing countries. So what do those schemes look like?
Current carbon market a problem: Mark Carney
4 Nov 2021
The current voluntary carbon offset market is "part of the problem", former governor of the Bank of England and UN Special Envoy on Climate Action and Finance Mark Carney said today at the UN Cop 26 climate summit.
National pushing for bilateral carbon market agreements
28 Oct 2021
The National Party is calling on the government to establish bilateral carbon market agreements regardless of the outcome of Article 6 negotiations at the upcoming COP26 Summit in Glasgow.
US carbon markets set for record year
21 Oct 2021
US carbon exchanges will easily hit record volumes this year, in part because of recent record highs but also due to new entrants into the market.
How trading CO2 could save the climate or not: BBC
20 Oct 2021
For its proponents, a global carbon market could significantly reduce the world's carbon emissions. But its critics say that giving polluters the option to pay for their emissions is not the answer to climate change.
The carbon offset market could be worth $200 billion by 2050. But what is it?
19 Oct 2021
Companies and people who want to cancel out the impact of their emissions on the climate often turn to something called carbon offsetting.
Switzerland forms two more Article 6 agreements
14 Oct 2021
Switzerland's federal government today gave the green light to two agreements on the basis of Article 6 of the Paris climate agreement with Georgia and Dominica.
Japan eyes international carbon offsets to deliver 2030 emission cuts
14 Oct 2021
The Japanese government will use international offsets as part of a plan to cut emissions 46% between 2013 and 2030, it said in a document to the UN.
Greenpeace calls for end to carbon offsets
7 Oct 2021
Carbon offsets are allowing the world's biggest polluters to forge ahead with business plans that are threatening global climate goals, the head of Greenpeace International said in an interview.
Carbon credit blockchain platform launched
5 Oct 2021
In a move that will be seen as ironic by some, a new tool allowing users to buy verified carbon credits on the blockchain has been launched in New Zealand.
Climate progress slowing, says Auckland councillor
Thu 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.
Controversy around NZ’s methane target hits international press
Tue 3 Jun 2025
By Liz Kivi | New Zealand’s approach to methane targets has hit international media, with climate scientists from multiple countries penning an open letter warning Prime Minister Christopher Luxon not to weaken methane targets.
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?
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.
Microplastics found in sand on dozens of NZ beaches
Wed 4 Jun 2025
Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.
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.
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.
Food giants’ climate plans lack credibility, new report finds
Thu 5 Jun 2025
Food firms are inflating their climate targets with carbon removals and weak deforestation claims, according to a report from the NewClimate Institute and Carbon Market Watch.
Carbon price too low to fund carbon capture
20 May 2025
The government’s climate target to 2030 is at risk, after revelations that a carbon capture project which the government was relying on to deliver one third of its carbon reductions, might not go ahead.
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.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Common low-grade clay strengthens low-carbon concrete
Thu 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.
Gas supply reducing faster than forecast
Thu 5 Jun 2025
By Liz Kivi | Gas reserves have reduced 27% as of 1 January 2025 compared to last year, according to data released today by the Ministry of Business, Innovation and Employment.
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.
Death toll from Nigeria flash floods rises to 151
Tue 3 Jun 2025
At least 151 people in central Nigeria are now known to have died following flash floods that destroyed homes and displaced thousands of residents earlier this week.
Oceans Commission must have teeth – minister
14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Environmentalists see forestry changes as dangerous step for Tairāwhiti
Tue 3 Jun 2025
By Zita Campbell, Local Democracy Reporter | Tairāwhiti environmentalists have called changes for commercial forestry under proposed Resource Management Act reforms “a slap in the face” and a return to weaker forestry regulations.
Vanuatu criticises Australia for extending gas project while making COP31 bid
Wed 4 Jun 2025
Vanuatu’s climate minister has expressed disappointment over Australia’s decision to extend one of the world’s biggest liquefied natural gas projects and said it raises questions over its bid to co-host the COP31 summit with Pacific nations.
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.
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.
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.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
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.
What happened to the hydrogen economy?
Tue 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.
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.
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.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
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.
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.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
Thu 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.
From sovereignty to sustainability: United Nations Ocean Conference
Thu 5 Jun 2025
While ocean governance was once designed to protect the marine interests of states, nowadays it must also address the numerous climate and environmental challenges facing the oceans.
Tech alone won’t save us, warns climate expert
Wed 4 Jun 2025
By Shannon Morris-Williams | Technology alone won't be enough to reach net zero emissions, environmental psychologist Lorraine Whitmarsh told the Carbon and Energy Professionals conference in Auckland last week.
New research reveals NZ’s natural resource footprint
29 May 2025
Media release | New research from the office of the Parliamentary Commissioner for the Environment reveals that about 107 million tonnes of natural resources were required to produce the goods and services consumed by New Zealanders in 2019 – approximately 21 tonnes per person on average.
NZ's first chance in 20 years to catch up on waste
30 May 2025
Media release | The government has announced proposals for updating the Waste Minimisation Act and the Litter Act. For the first time in nearly 20 years, Kiwis have a chance to catch up with other countries to reduce our waste and litter.
Dismissals 'massive win' for climate movement
13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
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.
US: Clean energy project cancellations top $14 Billion so far in 2025
Wed 4 Jun 2025
Businesses have pulled the plug on big projects amid Trump’s retreat on climate action. But plenty remain in the pipeline, awaiting a Congressional decision on tax credits.
A fungus that can ‘eat you from the inside out’ could spread as the world heats up
27 May 2025
Infection-causing fungi responsible for millions of deaths a year will spread significantly to new regions as the planet heats up, new research predicts — and the world is not prepared.
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".
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.
“It’s not the car – it’s how we move” – EECA
Tue 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.
Europe’s next climate target may already have been agreed in Berlin
28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
Water crisis on the horizon?
26 May 2025
Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.
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.
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.
