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.
Governments must vote in favour of moratorium on deep sea mining
Tue 29 Jul 2025
Media release - Greenpeace | The 30th session of the International Seabed Authority (ISA) has ended with Greenpeace saying governments are continuing to fall short in protecting the deep sea.
Does NZ need a national incentive scheme for wetlands?
25 Jul 2025
By Liz Kivi | An expert is calling for a national incentive programme to restore New Zealand’s wetlands and wants to stop schemes to drain these vital carbon-sequestering ecosystems.
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.
Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns
18 Jul 2025
Amid suspected fraud in the production of sustainable aviation fuel (SAF), a new report says the airline industry should stop calling all alternatives to kerosene “sustainable”.
Challenges persist in bid to mine the deep sea, even after boost from Trump
Tue 29 Jul 2025
After years of delay, the deep-sea mining plans of Canadian firm The Metals Company (TMC) now appear to be progressing as it pursues a controversial new path to securing a license to mine in international waters under U.S. jurisdiction.
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 prices slide as market awaits ETS decision
Fri 1 Aug 2025
By Liz Kivi | Volatility has returned to the secondary carbon market, with prices sliding again after plateauing in recent weeks, as the market waits for government decisions on Emissions Trading Scheme settings.
The US is sitting out the most consequential climate summit in a decade. It may offer a victory to China
Fri 1 Aug 2025
The Trump administration fired the last of the US climate negotiators earlier this month, helping cement America’s withdrawal from international climate diplomacy. It may also have handed a huge victory to China.
Bearish sentiment lingers for carbon market
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.
Coal use drove recent emissions increase
Fri 1 Aug 2025
Increased use of coal for electricity generation was a large driver for an increase in New Zealand’s greenhouse gas emissions in the last quarter.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
What does 'drier' really mean in 'green' homes?
Fri 1 Aug 2025
Media release - Waipapa Taumata Rau, University of Auckland | Researchers say green-rating systems could improve clarity and effectiveness by explicitly defining ‘drier’ and using two measures of humidity.
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.
NZ voluntary carbon market’s sad state
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.
Bill to restart oil and gas exploration clears final hurdle
Fri 1 Aug 2025
By Shannon Morris-Williams | The government’s Crown Minerals Amendment Bill is set to become law after passing its third reading in parliament last night, with critics calling it humiliating for the climate minister and an embarrassment to New Zealand's international reputation.
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.
Warmer than usual weather ahead, wetter in north and east, as La Niña signals strengthen
Fri 1 Aug 2025
Media release – Earth Sciences New Zealand | Seasonal Outlook Climate August to October 2025 suggests warm, damp weather, with La Niña’s possible return.
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.
Wilding pines threaten Molesworth Station
28 Jul 2025
By Shannon Morris-Williams | Without increased support, the unchecked spread of wilding pines will continue to creep across Marlborough’s high country – putting iconic landscapes and one of New Zealand’s top five biodiversity hotspots at serious risk, according to an expert.
Last minute change to oil and gas legislation over cleanup costs
Thu 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.
A modest geothermal strategy
Thu 31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
European Central Bank to consider 'climate factor' when lending to banks
Thu 31 Jul 2025
The European Central Bank will add climate change considerations to its lending operations from late 2026, raising pressure on banks to channel financing towards greener sectors as the euro zone seeks to reduce its carbon footprint.
NZ part of hidden global deep-sea network beneath the waves
25 Jul 2025
Media release - Earth Sciences New Zealand | A world-first study of marine life, including sea creatures found in New Zealand's dark, cold, pressurised ocean depths, has revealed that deep-sea life is surprisingly more connected than previously thought.
‘Ideological sludge’: How NZ is quiet quitting climate action
17 Jul 2025
New Zealand once stood out as a world leader on climate change. In June it became the first country in the world to abandon a commitment to phase out oil, gas and coal.
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.
Hiringa eyes green methanol plant near Whanganui
Tue 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.
Climate catastrophes are creating a ‘new market reality’ for insurance carriers
23 Jul 2025
Raging wildfires and severe storms contributed to record-high global insurance losses — totalling an estimated US$84 billion — for the first six months of the year.
Multi-day protest continues at coal mine
Wed 30 Jul 2025
Bathurst Resources has been forced to truck coal from its Stockton mine as climate activists occupy coal buckets at the mine for a third day.
Fund for low emissions transport winds up
Thu 31 Jul 2025
New Zealand’s Low Emission Transport Fund has officially wrapped up, ending a nine-year programme that put hundreds of millions of dollars towards accelerating the country’s shift to cleaner transport.
Urgent action needed to get on track for climate goals - commission
25 Jul 2025
By Shannon Morris-Williams | New Zealand is making progress on reducing greenhouse gas emissions, but more work is needed – urgently – to set up for future reductions, according to the latest report from the Climate Change Commission.
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.
Toxic algae are turning South Australia’s coral reefs into underwater graveyards
Tue 29 Jul 2025
Since March, a harmful algal bloom, fueled by a marine heat wave, has been choking South Australia’s coastline.
NZ govt’s fossil fuel plans could break international law
24 Jul 2025
By Liz Kivi | The government could be breaching international law with its plans to subsidise and expand fossil fuel extraction, following a ruling overnight from the world’s highest court.
Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’
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”.
‘Total infiltration’: How plastics industry swamped vital global treaty talks
28 Jul 2025
Petrostates and well-funded lobbyists at UN-hosted talks are derailing a deal to cut plastic production and protect people and the planet.
Activists sue US development bank over $4.6bn loan to massive Mozambique gas project
18 Jul 2025
Environmental groups claim loan is ‘unlawful’ in legal filing.
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.
Tilting at windmills? Trump’s claims about turbines fact-checked
Thu 31 Jul 2025
The US president has taken a swipe at wind power as the blades visible from his Turnberry golf course turn.
Ocean heatwaves may signal climate tipping point
25 Jul 2025
A recent study that tapped into satellite data has revealed that 2023 marked an unprecedented year for marine heatwaves, with record-breaking levels of duration, reach and intensity across the world's oceans.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Can robot taxis solve NZ's transport woes?
23 Jul 2025
By Shannon Morris-Williams | The Ministry of Transport has tested the idea of driverless taxis as a futuristic fix. But while new modelling explores how "robotaxis" could ease congestion and reduce car ownership, critics say it misses a crucial point – the country’s worsening transport 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.
EV sales fall, but it’s complicated
Tue 29 Jul 2025
Imports of fully electric vehicles fell over 50% in value during the 12 months to June 2025, compared with the year ended June 2024, according to Stats NZ.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
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
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.
