Topics tagged with 'Kyoto'
Wellington City decides on carbon credit revenue plan from town belts, forests
21 Apr 2008
Wellington City is looking to earn large annual revenues from emission credits by turning its town belts and forests into carbon sinks.
Parker: Industry protection under ETS being considered
21 Apr 2008
Designing an emissions trading scheme which effectively reduces greenhouse gas emissions while being fair to industry is an important matter which requires careful consideration, Climate Change Minister David Parker says.
Greens on NZ emissions: When will we turn the corner?
21 Apr 2008
The Green Party says news that New Zealand's greenhouse emissions have continued to rise, though not as fast as previously, is still not good enough.
Labour’s credibility on climate change dies with latest figures
21 Apr 2008
Figures showing yet another increase in New Zealand’s greenhouse gas emissions are a fatal blow to the credibility of Labour’s climate change record, says National’s Climate Change spokesperson, Nick Smith.
NZ emissions up .5 million tonnes in 2006
21 Apr 2008
The latest annual greenhouse gas inventory report shows New Zealand’s emissions rose less than 1% between 2005 and 2006.
NZIER foreshadows grim ETS study in pre committee publicity flurry
18 Apr 2008
The New Zealand Institute of Economic Research has publicly revealed its plan to produce a study at the ETS bill select committee hearings - and foreshadows it wants an alternative policy.
Bush whacked over climate change goals statement
18 Apr 2008
President Bush’s announcement of a new goal of stopping the growth in GHG emissions has met with a range of reaction, from being described as his “ last gasp?” by Sky News - to simply a statement which will “be soon forgotten”.
Conservation Minister to meet Australian colleagues
18 Apr 2008
Conservation Minister Steve Chadwick today travels to Australia to participate in ministerial council meetings and discuss ways that New Zealand and Australian governments will face environmental challenges.
Bush sets 2025 as year for nil US emissions growth
17 Apr 2008
US President George Bush this morning announced a new national climate change goal – to stop the growth of US greenhouse has emissions by 2025.
Ministerial press secretaries impose up to 20 day information ban on Carbon News
17 Apr 2008
Two Ministerial press secretaries have said they will restrict the flow of information to Carbon News.
ANALYSIS: High hopes for the Lieberman-Warner ETS bill in the US
17 Apr 2008
By Emily Farnwort. - The °Climate Group recently held its first North American members meeting with attendance from over 50 leading businesses, states and cities. The conversation was centered on action from the US on climate change. It was a far-ranging and optimistic conversation with a striking focus on the need for leadership and a robust carbon market.
EXCLUSIVE: Treasury responds on ETS windfall, but defers to select committeee
16 Apr 2008
The Treasury reckons it’s easy as anything to work out how much the Government will make in windfall revenues selling carbon credits, but it still shrinks from putting a figure on it.
FINALLY IT IS OUT: Emissions trading windfall estimate now tops $21b
15 Apr 2008
Further evidence of massive revenues - as much as $21.4 billion - accruing to the Government from trading carbon permits after 2013 emerged at the select committee hearing into the Climate Change (Emissions Trading and Renewable Preference) Bill in Auckland yesterday.
Auckland airport: $30 per tonne will mean $68 under ETS plan
15 Apr 2008
Auckland Airport Limited says it will effectively face an emissions price of $60 a tonne, instead of $30, if it stays out of the emissions trading scheme.
Clark: Jury out on opponents' support for ETS, climate change policies
14 Apr 2008
In her speech to the Labour Congress at the weekend, Prime Minister Helen Clark defended her Government’s research and development funding, aimed at the pastoral and food sectors - and laid down a challenge to her political opponents to back the ETS legislation now before Parliament.
Major new Indian NCDEX exchange enjoys enthusiastic first day trading
14 Apr 2008
More than 200,000 CERs, worth INR 200 mln, were traded on the new NCDEX exchange (Friday NZ time).
EXCLUSIVE: $18b windfall for NZ government from ETS
11 Apr 2008
CARBON NEWS INQUIRY - The New Zealand Government’s coffers will be boosted by $18b in windfall revenues from sales of carbon credits between 2013 and 2024, according to privileged information obtained by Carbon News.
No European-like second phase windfall profits for NZ generators
10 Apr 2008
European electricity generators are in line for massive windfall profits of around $140 billion over the next four years, but their vastly more environment-friendly New Zealand counterparts can expect no such largesse.
So just how does a country go 'carbon neutral'?
10 Apr 2008
The New Zealand Government says it aspires to be carbon neutral but has yet to say exactly how and by when.
Crucial soft launch for TZ1’s new registry
8 Apr 2008
There will be no great media event when the New Zealand Stock Exchange (NZX) launches its Time Zone One (TZ1) carbon exchange registry this month, with chief executive Mark Franklin expecting initial volumes to be slow, especially in New Zealand-sourced credits.
BP executive warns emission market players to mitigate risk first
8 Apr 2008
Confusion surrounds New Zealand’s emissions trading scheme objective, BP spokesman Allan Gammon told last Friday’s carbon markets workshop in Wellington.
GreenAir Fund pitches for major new forestry emision unit business
8 Apr 2008
With new forestry in New Zealand eligible for NZUs (New Zealand carbon offset units) from January 1 this year, the Sydney-based GreenAir Fund is bidding for new business here by offering up-front funding to complete the qualification design and certification of a potential carbon credit project.
Holcim wants access to "hot-air" AAUs
7 Apr 2008
Big-emitting private companies, no less than the Government, should be allowed to source hot-air Assigned Amount Units (AAUs) from eastern Europe to meet their emissions trading scheme (ETS) liabilities, according to the energy and climate change group manager for cement manufacturer Holcim, Michael Rynne.
UK Trade Minister: tariffs threat could gain momentum if market doesn’t work
7 Apr 2008
Britain’s Trade and Investment Minister, Lord Digby Jones, has told business executives in Auckland that if the market has not got carbon priced right by 2012, the calls to impose border taxes on goods from countries not paying for emissions could gain momentum.
Emissions specialist: manadatry rules needed on emissions calculations
7 Apr 2008
New Zealand’s emissions compliance processes need to be re-examined to see whether they are globally compatible, according to PriceWaterhouseCoopers’ emissions specialist consultant Julia Hoare.
NCDEX –launching developing world's first CER trading platform
7 Apr 2008
National Commodity and Derivatives Exchange Ltd, of India, will launch a futures contract for Certified Emission Reduction (CERs) on April 10.
Simple standard will deliver net bio-fuel gains - Fitzsimons
4 Apr 2008
A single sustainability standard written into the emissions trading scheme (ETS) legislation would ensure bio-fuels sourced from overseas represented a net benefit to the environment, Green Party co-leader Jeanette Fitzsimons said.
Greens will vote to ban nuclear credits trading - admit 'laundering' likely
3 Apr 2008
A continued ban on the trading of nuclear emissions credits will have the full support of the co-leader of the Green Party, Jeanette Fitzsimons, even though she admits they will be "eventually laundered" through successive trades.
No emissions trading revenue windfall for NZ
2 Apr 2008
Unlike Australia, there will be no multi-billion-dollar windfall to the New Zealand Government from selling carbon credits.
Parker: Full trans-Tasman ETS harmonisation only one option
2 Apr 2008
EXCLUSIVE - New Zealand does not need to integrate its emissions trading scheme (ETS) with Australia’s for it to work efficiently, Climate Change Minister David Parker told Carbon News yesterday.
Merrill Lynch launches new global carbon emissions indicies
2 Apr 2008
Merrill Lynch Global Research has introduced a new global emissions benchmark, the MLCX Global CO2 Emissions Index, which is designed to provide investors with a clear and balanced insight into the rapidly growing global CO2 emissions market.
Bangkok talks warned little time remains for climate change solution
2 Apr 2008
UN Climate Change Talks began Monday in Bangkok with warnings that little time remains for international community to negotiate 2009 Copenhagen agreement.
Ground-breaking Swiss-NZ transfer of CERs
1 Apr 2008
A New Zealand carbon trading company and a Swiss developer of carbon assets have achieved a global first by transferring a tranche of secondary market carbon emissions reduction (CER) units between their respective national registries.
Family Party to oppose carbon tax
1 Apr 2008
Family Party leader Richard Lewis says the party is unconvinced that carbon based taxes are justified or necessary.
Latest Round Of UN Climate Talks to push Bali Roadmap to next stage
1 Apr 2008
Five days of United Nations-sponsored climate change talks, drawing 1,000 participants in Bangkok, Thailand, will try pushing forward the so-called “Bali Roadmap”.
Australia leads way in sea-bed carbon storage
31 Mar 2008
Australia, a new convert to climate change environmentalism, hopes to lead the world in establishing a regulated carbon capture and storage regime, with the sea-bed being the key storage site.
Roger Kerr: Saving the Planet Must Not Cost the Earth
31 Mar 2008
By Roger Kerr, Business Roundtable Shortly a select committee of parliament will begin hearings on the bill to implement an emissions trading scheme (ETS).
Air NZ: Do you want carbon credits with that?
28 Mar 2008
Air New Zealand customers now have the option to fund the purchase of carbon credits to offset their travel.
Top business speakers appearing at carbon market workshop
27 Mar 2008
Experienced carbon market taders will feature at a Ministry for the Environment and Emissions Trading Group Carbon Markets Workshop in Wellington on April 4.
NSW weighs flogging the family silver
27 Mar 2008
A furore over whether New South Wales (NSW) should privatise its mostly coal-fired electricity generation capacity has erupted in the wake of Kevin Rudd’s federal Labor government announcing it will introduce an emissions trading scheme (ETS) in 2010.
Greenpeace turns spotlight on farmers
27 Mar 2008
Greenpeace is demanding New Zealand farmers be brought into the pending New Zealand emissions trading scheme earlier than the scheduled 2013.
Three pillars to Wong’s emissions policy
26 Mar 2008
The three pillars of reducing emissions, adapting to unavoidable climate change and helping shape a global solution are at the heart of Australia’s greenhouse gas (GHG) policies, Australian Federal Climate Change Minister Penny Wong has told Carbon News.
New network launches to accelerate climate change investments
26 Mar 2008
Yesterday saw the official launch of a global network mobilizing and accelerating investments to tackle climate change at http://www.climatecapital.net (http://www.climatecapital.net/).
Kiwi ETS start-up market so small - traders will go international immediately
25 Mar 2008
New Zealand’s carbon trading volume and price will not be affected by the domestic market when the country’s emissions trading system officially opens later this year.
Garnaut bucks Wong’s exclusion of agriculture: wants all permits auctioned
25 Mar 2008
Agriculture and forestry should be included in the Australian emissions trading scheme (ETS) despite Climate Change Minister Penny Wong’s preference for their exclusion, the Australian Federal Government’s principal climate change advisor, Professor Ross Garnaut says.
Cut company tax to 25%, Aussies plead
25 Mar 2008
A 5% cut in the company tax rate is being demanded by lobbyist Australian Industry Group (AIG) to cushion business from the financial impact of the emissions trading scheme (ETS) that Kevin Rudd’s Australian Labor Government intends implementing in 2010.
American ETS cost estimates parallel New Zealand’s
20 Mar 2008
New Zealand seems to be pretty much on the button when it comes to forecasting the costs of its emissions trading scheme (ETS), to judge from the Environmental Protection Agency’s (EPA) guesstimate of the United States model.
"Energy Forests" could meet all future NZ transport and heat needs
20 Mar 2008
Purpose-grown energy forests if planted today could meet all of New Zealand's future transport fuel and heat energy needs, without threatening the country's important agricultural industry, according to a study completed by Crown Research Institute, Scion.
Deforestation in 2007 exceeds Anderton’s expectations
19 Mar 2008
The rush to change land use before the forestry industry came under the emissions trading scheme (ETS) resulted in far more trees being cut down and not replaced than the Government expected.
Anderton says survey shows deforestation reducing
19 Mar 2008
The latest survey of deforestation intentions shows that forest owners intend to dramatically reduce deforestation as a result of the proposed emissions trading scheme, Forestry Minister Jim Anderton said yesterday.
Hutt City Council slashes gas emissions
Mon 3 Nov 2025
By Shannon Morris-Williams | Hutt City Council is set to cut its gas emissions by 60% by 2026 as it speeds up phasing out fossil fuels from public facilities.
Govt delays will damage carbon market confidence, experts warn
Today 12:00pm
By Liz Kivi | Emissions Trading Scheme experts have warned the Government that its move to delay decisions on the country’s emissions budgets will further undermine confidence in an already weak carbon market.
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.
Celebrities slam mining plans
28 Oct 2025
Actor Sam Neill has slammed plans for a gold mine in Otago, while Denniston Rose author Jenny Pattrick is backing a petition that would stop a coalmine on the West Coast.
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.
Carbon price drops, now trading 30% below auction floor
Mon 3 Nov 2025
By Liz Kivi | Secondary carbon market prices took a sharp downward turn last week, with traders blaming a continued lack of interest from buyers.
Brazil opens three weeks of COP30-linked climate events
Today 12:00pm
Brazil on Monday opens three weeks of events linked to the COP30 climate summit, hoping to showcase a world still determined to tackle global warming
‘Plain old dull’: NZU market continues to limp sideways
24 Oct 2025
By Liz Kivi | The NZU market has been “plain old dull” in recent months, with activity driven mainly by credit opportunities or a specific need to raise cash, according to Lizzie Chambers of trading platform Carbon Match.
Scrutiny on energy security
Mon 3 Nov 2025
A special debate in Parliament put the Government’s energy security agenda under scrutiny, with parties splitting sharply over the role of gas, the place of an LNG import terminal, and how far to push market reform to ease pressure on power bills.
'Little to be hopeful about' – NZ scientists caution ahead of COP30
Fri 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
Thu 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.
No high-level US representatives will go to UN climate talks, Trump officials say
Mon 3 Nov 2025
Decision to stay away from Cop30 meeting in Brazil underscores administration’s hostility to climate action.
Lake Onslow battery project set for revival?
Wed 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.
From nuisance to crisis: New report on pest wasps In Aotearoa
24 Sep 2025
Media release: Moths and Butterflies NZ Trust | Just published is the Final Report of the Pest Wasps Survey carried out by the Moths and Butterflies of NZ Trust (MBNZT) offering a comprehensive look at New Zealanders’ awareness, experiences, and attitudes toward wasps and the growing ecological, health, and social issues associated with them.
Hawke’s Bay Regional Council welcomes new flood data
Mon 3 Nov 2025
Media release | Hawke’s Bay Regional Council welcomes the release of the National Flood Tool and accompanying data by Earth Sciences New Zealand. This is an important contribution to understanding the impacts of climate change for New Zealand.
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.
Media round-up
Fri 31 Oct 2025
In our round-up of climate coverage in local media: A controversial seabed mining project could lead to sediment flows knocking over rigs and damaging wind turbines; weather-related insurance claims climb; and is the government playing Russian Roulette with our future over methane targets?
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.”
Bank of England must better address climate risk to tackle inflation
Today 12:00pm
The central bank is being urged to take a series of actions to better respond to environmental risks.
No major banks have yet committed to stop funding new oil, gas and coal, research finds
24 Oct 2025
‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers.
Z Energy settles greenwashing case over ‘quitting petrol’ claims
Today 12:00pm
By Shannon Morris-Williams | Z Energy has settled a landmark greenwashing case over claims it misled the public about moving away from petrol – a result Lawyers for Climate Action NZ says delivers long-overdue accountability.
Coal imports up 650%
12 Sep 2025
By Shannon Morris-Williams and Liz Kivi | Coal imports are up 650% as generators stockpile the most polluting fossil fuel ahead of next winter.
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.
Vero warns losses to rise 26% by 2050 over extreme weather
Wed 29 Oct 2025
By Shannon Morris-Williams | Extreme weather could drive a 19–26% spike in annual insurance losses by 2050, fuelled by rising seas and more intense flooding, according to Vero’s latest Climate-Related Disclosures Report.
Judge says Greenpeace must pay $345 million in pipeline lawsuit, cutting jury amount nearly in half
Fri 31 Oct 2025
A North Dakota judge has ordered Greenpeace to pay damages of $345 million, reducing an earlier jury award after it found the environmental group and related entities liable for defamation and other claims in connection with protests of an oil pipeline nearly a decade ago.
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.
Global oil demand won't peak until 2032, Wood Mackenzie report says
Fri 31 Oct 2025
“Global oil demand will not peak until 2032, two years later than earlier thought, consultancy Wood Mackenzie said in a report on Wednesday that blames continued momentum in the use of hydrocarbons for transport and petrochemicals.”
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.
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.
Ardern: 'We must not give up on 1.5'
Fri 31 Oct 2025
By Shannon Morris-Williams | Former prime minister Dame Jacinda Ardern says the world must not abandon the Paris Agreement’s 1.5°C goal, warning that a decade on from COP21 “too many of the debates we thought were settled are still being had.”
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.
Experts warn new science curriculum sidelines climate urgency
Mon 3 Nov 2025
Climate change education has been pushed too late and too lightly in the Government’s draft science curriculum, experts say, with students not formally learning about climate change until Year 10.
Judge dismisses suit by young climate activists against Trump’s pro-fossil fuel policies
17 Oct 2025
Plaintiffs had ‘overwhelming evidence’ of climate crisis but a court injunction would be ‘unworkable’, ruling says.
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.
Here comes the sun: solar surge gathers pace
Today 12:00pm
More than $700 million of new solar investment advanced last week, underscoring the pace of the renewable buildout.
AgriZero backs Aussie IVF innovator
Mon 3 Nov 2025
By Pattrick Smellie | The NZ government-led low carbon agriculture consortium AgriZero has invested A$1.5 million (NZ$1.7m) in a Queensland-based start-up looking to bring down the cost of inserting fertilised embryos into livestock.
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.
Climate scientists and republican lawyers are taking aim at Big Tech’s emissions
17 Oct 2025
Technology companies have long been one of the biggest investors in clean energy, but new accounting rules could upend that.
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.
How ‘vehicle-to-grid’ technology could boost China’s electricity system
Fri 31 Oct 2025
China’s surging electric vehicles ownership – now exceeding 25.5m – is opening the door to a new technology that can help to enhance the flexibility of electricity supply.
Fix it, don't ditch it: University of Auckland hosts first Repair Cafe
9 Oct 2025
Media release - Auckland University | The University's first-ever Repair Cafe is bringing students and staff together to give broken items a new lease on life, while promoting a culture of repair and reuse.
Council buys dairy farm to help clean up Lake Rotorua
21 Oct 2025
Bay of Plenty Regional Council has bought a 266-hectare dairy farm in the Lake Rotorua catchment and plans to retire it from production to reduce nitrogen entering the lake.
Adaptation plan at odds with public sentiment: survey
21 Oct 2025
By Liz Kivi | The Government’s position on climate adaptation buyouts shows a disconnect with public opinion, according to survey findings from insurer Suncorp NZ.
‘Damp squib’ – Govt energy plan slammed for locking in fossil fuels
2 Oct 2025
By Shannon Morris-Williams | Critics across business, climate groups and the opposition say the Government’s electricity reforms duck structural change, double down on LNG and gas, and offer little relief for soaring power prices – warning of an “expensive white elephant", deeper energy poverty and a missed chance to scale renewables.
