Topics tagged with 'NZ ETS'
Minister not concerned about potential economic impacts of ruling out offshore mitigation
Thu 11 Dec 2025
By Liz Kivi | Climate Change Minister Simon Watts isn’t worried that ruling out using offshore mitigation is effectively reneging from the Paris Agreement with potential to damage New Zealand’s economy and access to export markets.
Is Govt rushing through changes to climate framework to avoid litigation?
Thu 11 Dec 2025
By Liz Kivi | The Parliamentary Commissioner for the Environment says the Government’s motivation for proposed changes to the country’s climate framework law are unclear: “The only reason I can think of is one grounded in potential litigation risk.”
Govt rushes to pass climate law changes under urgency
Wed 10 Dec 2025
By Liz Kivi | Legislation to amend the Climate Change Response Act was introduced to Parliament on Monday, and the government intends to rush the changes through under urgency in the next two weeks, avoiding the usual public consultation.
Carbon News publishes ten-year NZU forward curve
Wed 10 Dec 2025
Carbon News has published a new ten-year NZU forward curve mapping how carbon prices could evolve through to 2035 under a range of policy and market conditions.
Ticking time-bomb in Govt’s failure of leadership on climate – Carr
Tue 9 Dec 2025
By Liz Kivi | The coalition Government’s failure to slash emissions is like pulling the pin on a grenade, handing it to a kid, and saying “hold on tight, she’ll be right”, says former Climate Change Commission chair Rod Carr.
Carbon auction tipped to be a non-event
2 Dec 2025
By Liz Kivi | Tomorrow’s Emissions Trading Scheme auction is all but certain to fail, with participants blaming the government for destroying confidence as NZUs continue to change hands on the secondary market at a 40% discount on the $68 auction floor.
Govt's emissions ‘buffer’ an illusion with all NZ's carbon budgets off track
28 Nov 2025
By Shannon Morris-Williams | Dr Christina Hood, head of consultancy Compass Climate, says the Government’s claim that New Zealand has a comfortable emissions “buffer” to absorb higher agricultural pollution is misleading, with projections showing emissions budgets are actually set to be missed in real terms.
Media round-up
28 Nov 2025
In our round-up of climate coverage in local media: How the oil and gas industry helped rewrite New Zealand’s drilling rules, confusion reigns as the climate minister appears unaware of his own announcement, and the fierce battle over mining on Denniston Plateau.
Marex invests in methane-busting biotech, hopes to kickstart NZ methane credits
27 Nov 2025
By Liz Kivi | NASDAQ-listed financial services group Marex has taken a minority stake in Ruminant Biotech, an Auckland-based agritech startup, with a view to kick-starting Marex’s methane-based carbon credits trading business in New Zealand.
Govt must do the work to close gap to NZ’s Paris Agreement goal
27 Nov 2025
OPINION: New Zealand needs to wake up to the fact that under current policies we are not going to meet our international climate target and this comes with commercial and diplomatic consequences: risking our European and UK free trade agreements; risking carbon border charges; and threatening the reputation of our ‘clean and green’ export brand, writes Nigel Brunel.
Elevated volatility continues for carbon market despite govt reassurances
26 Nov 2025
By Liz Kivi | While carbon prices have recovered somewhat from recent lows, the market is still plagued by low prices and volatility, despite soothing words from the government intended to calm rattled participants.
Cheaper power and lower emissions for Chatham Islands funded by ETS revenue
26 Nov 2025
By Liz Kivi | The government has hailed the success of a wind turbine project for the Chatham Islands paid for by Emissions Trading Scheme revenue from a fund the Coalition Government has since canned.
Mounting emissions due to Government decisions
20 Nov 2025
By Liz Kivi | The Coalition Government’s climate policies have added a whopping 26 million tonnes of emissions out to 2030, according to new analysis of Government projections.
NZ drops in global climate rankings as govt 'propels country backwards'
19 Nov 2025
By Shannon Morris-Williams | New Zealand has fallen to 44th place in global climate rankings, with the country’s climate policy rated “very low” amid widespread rollbacks of environmental protections.
‘We must keep 1.5 alive’ – Minister’s statement to climate summit
19 Nov 2025
By Liz Kivi | Climate Change Minister Simon Watts has delivered New Zealand’s National Statement to this year’s United Nations climate summit, affirming the country’s commitment to international climate targets and saying “we must keep 1.5 alive.”
Words fail to calm carbon price jitters
18 Nov 2025
While the Climate Change Minister and the Ministry for the Environment have both tried to quell carbon market volatility with soothing words, participants are viewing government actions as speaking louder, and the market remains volatile.
Ministry won’t investigate pre-announcement price drop
17 Nov 2025
By Liz Kivi | The Ministry for the Environment won’t be investigating a drop in the price of NZUs on the secondary market just days before the government announced a policy change causing carbon prices to plummet.
Media round-up
14 Nov 2025
In our round-up of climate coverage in local media: Simon Watts acknowledges he may face ‘challenging’ conversations with Pacific nations at COP30, New Zealand's climbdown on its methane emissions target is "embarrassing", and corporates are the real winners of the gutting of the Zero Carbon Act this week.
ETS price spike fears drove NDC decoupling
13 Nov 2025
By Pattrick Smellie | Fears about the economic and fiscal costs of failure to buy enough offshore carbon credits to meet New Zealand’s Nationally Determined Contribution drove last week’s key climate change policy decision.
NZ’s shameful new role as ‘international climate pariah’
13 Nov 2025
OPINION: New Zealand has ratcheted up its climate backsliding in the past month – losing any shred of climate credibility we once had and showing the world we’re giving up on a net zero future, writes Kayla Kingdon-Bebb.
Carbon price’s dead cat bounce
12 Nov 2025
By Liz Kivi | The carbon price rebounded briefly in what looked like a ‘dead cat bounce’ last week, following the Government’s announcement it was unlinking the Emissions Trading Scheme from international climate targets.
Does NZ's 2035 NDC meet Paris Agreement obligations?
7 Nov 2025
By Christina Hood | COMMENT: New Zealand’s 2035 Paris Agreement Target needs strengthening, with multiple reasons the 51 to 55% emissions reduction target does not meet our obligations under the accord.
Why I’m not outraged at the Govt’s latest climate backsliding
7 Nov 2025
COMMENT: The Government’s latest climate rollbacks underline New Zealand’s long history of a lack of genuine desire to cut emissions, writes Geoff Bertram.
Undermining the ETS is poor policy – Mindful Money
7 Nov 2025
Politicising settings for the Emissions Trading Scheme creates uncertainty for investors at a time when we need clear and stable policy, says Mindful Money's Barry Coates.
Carbon market tanks off the back of Govt’s proposed climate law changes
6 Nov 2025
By Liz Kivi | Secondary market prices dropped 20% in early morning compliance carbon trading yesterday, as the market woke up to Tuesday’s late-breaking government announcement of proposed law changes to climate policy.
Is climate law change a first nail in the coffin for Climate Commission?
6 Nov 2025
The Government’s sweeping overhaul of New Zealand’s climate laws has drawn sharp condemnation, with one expert predicting it's another step towards 'the beginning of the end' for the Climate Change Commission.
Govt climate policy set by vested interests to delay emissions cuts - Carr
6 Nov 2025
By Liz Kivi | Rod Carr, former Climate Change Commission chair, says the Government’s move to unlink the Emissions Trading Scheme from our international climate target to 2030 undermines the credibility of emissions pricing as a tool for climate action – and is yet another Coalition Government policy designed to benefit vested interests rather than ordinary New Zealanders.
Govt weakens climate legislation, strips CCC’s powers
5 Nov 2025
By Liz Kivi | The Government has announced sweeping changes to key climate legislation, including stripping the independent Climate Change Commission of one of its core roles, and removing the requirement that Emissions Trading Scheme settings align with international climate targets.
Another hit to market as Govt uncouples ETS from international climate target
5 Nov 2025
By Liz Kivi | The Government’s surprise move to break the connection between the Emissions Trading Scheme and New Zealand’s Paris Agreement climate target is a brutal hit to confidence in an already moribund market.
Boost for voluntary carbon markets in Watts’ surprise package
5 Nov 2025
By Pattrick Smellie | Voluntary carbon market development gets a solid push in the package of climate change legislative reforms dropped by Climate Change Minister Simon Watts early last evening.
Govt delays will damage carbon market confidence, experts warn
4 Nov 2025
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.
Carbon price drops, now trading 30% below auction floor
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.
‘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.
Govt ‘captured by industry’ on methane – Carr
21 Oct 2025
By Liz Kivi | Former Climate Change Commission chair Rod Carr says that recent moves to weaken methane targets and halt plans for agricultural emissions pricing show the Government has been captured by industry.
Methane pledge in question following NZ weakening targets
20 Oct 2025
By Liz Kivi New Zealand’s new methane target puts the Global Methane Pledge – and ultimately climate targets – at risk, according to an international expert.
Govt promises ‘earlier action’ in response to Commission’s warning climate targets at risk
17 Oct 2025
By Shannon Morris-Williams | The Government says it will “explore opportunities for earlier action” ahead of the third Emissions Reduction Plan, and has committed to looking at ways to stop the system of free carbon credits for industrial polluters from disincentivising industrial decarbonisation.
Broker predicts all this year’s carbon auctions will fail
10 Oct 2025
By Liz Kivi | Marex New Zealand is forecasting that the government will sell no ‘pollution permits’ at the NZU auctions this year, with a significant gap continuing between secondary market prices and this year’s $68 auction floor price.
New decision-making process for erosion-prone Tairāwhiti
8 Oct 2025
‘Deliberative democracy’ and collaborative decision-making are behind big changes that Gisborne District Council has endorsed to transform Tairāwhiti/Gisborne’s erosion-prone land in the face of worsening climate change.
Emerging biodiversity and carbon markets part of Gisborne plan for land-use change
6 Oct 2025
Gisborne District Council has endorsed a plan to shift up to 100,000 hectares of the region’s most erosion-prone land into permanent vegetation cover and is calling on the Government to make urgent changes to the Emissions Trading Scheme to aid the transition.
Will govt’s light touch approach lead to higher carbon prices?
3 Oct 2025
By Liz Kivi | Carbon market watchers are hoping the government’s plan for the electricity sector will eventually lead to higher carbon prices, with the secondary market still trading sideways for the longest time in its history.
NZ quiet on climate target at UN meeting
2 Oct 2025
By Liz Kivi | New Zealand didn't mention its recently minted – but widely criticised – climate target for 2035 at a major multilateral climate meeting in New York last week, at an event which was ostensibly billed as a platform for leaders to present their new targets.
Electricity to remain in ETS
1 Oct 2025
By Pattrick Smellie | The Government has rejected Frontier Economics' recommendation that electricity should be removed from the Emissions Trading Scheme.
AgriZeroNZ puts another $6m towards ‘holy grail’ methane vaccine
29 Sep 2025
By Liz Kivi | AgriZeroNZ is investing a further USD $3.5 million (about NZ$5.9 million) in ArkeaBio to develop a methane vaccine for livestock.
Govt considers cutting Climate Commission’s role
22 Sep 2025
By Liz Kivi | The Government is weighing up cutting the Climate Change Commission’s role of advising on emissions reduction plans, a move that legal experts say could increase the risk of litigation.
Govt passes law to limit farm-to-forest conversions
19 Sep 2025
By Shannon Morris-Williams | The Government has passed legislation intended to limit farm-to-forest conversions in the Emissions Trading Scheme, with ministers saying the changes “restore balance,” while opponents call it a band-aid that risks climate targets.
Watts not considering removing electricity from ETS
16 Sep 2025
Energy and Climate Change Minister, Simon Watts, says he is “not currently considering” removing electricity generation from the Emissions Trading Scheme, as proposed by NZ First Minister Shane Jones.
Carbon price steady after failed quarterly auction
16 Sep 2025
By Liz Kivi | The carbon price has continued to trade in its familiar moribund range in the high $50s following last week’s failed quarterly auction, with ample supply still trading on the secondary market at about $10 below this year’s $68 auction floor.
No bidders front to carbon auction - again
10 Sep 2025
By Liz Kivi | Today’s quarterly carbon auction was a non-event yet again, making it the third consecutive auction this year with no bidders, with the secondary market price still limping along at nearly 20% below the auction floor.
‘Pick up the phone’ on climate change action, Hipkins urges Luxon
9 Sep 2025
By Pattrick Smellie | Prime Minister Christopher Luxon should reach out to the Labour Party if he wants get a political deal on methane reductions and the Paris agreement rather than his two coalition partners, Labour leader Chris Hipkins says.
'Atrocious' and 'bizarre': experts slam Act Party's climate policy
3 Sep 2025
By Liz Kivi | The Act Party is promising to challenge New Zealand’s Paris Agreement climate target, while the coalition Government’s other minor partner, NZ First, also says it wants to reevaluate the country’s commitment to the international treaty.
Govt consulting on Pacific Resilience Facility
Fri 12 Dec 2025
The Foreign Affairs, Defence and Trade Committee is calling for submissions on its international treaty examination of the Agreement to Establish the Pacific Resilience Facility.
Govt overhaul leaves the door open for coal mining on conservation land
Fri 12 Dec 2025
By Shannon Morris-Williams | The Government’s sweeping reclassification of thousands of hectares of publicly-owned conservation land has met with sharp criticism, with environmental groups saying the decision leaves vulnerable ecosystems exposed to mining and development.
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.
Second fire tears through Tongariro National Park
Tue 9 Dec 2025
By Shannon Morris-Williams | Fire crews have returned to Tongariro National Park this morning as a fast-moving fire that started yesterday threatens unburnt vegetation and nearby communities, just a month after a major blaze scorched 3000 hectares in the same area.
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.
Minister not concerned about potential economic impacts of ruling out offshore mitigation
Thu 11 Dec 2025
By Liz Kivi | Climate Change Minister Simon Watts isn’t worried that ruling out using offshore mitigation is effectively reneging from the Paris Agreement with potential to damage New Zealand’s economy and access to export markets.
What are the causes of recent record-high global temperatures?
Fri 12 Dec 2025
The past three years have been exceptionally warm globally.
Is Govt rushing through changes to climate framework to avoid litigation?
Thu 11 Dec 2025
By Liz Kivi | The Parliamentary Commissioner for the Environment says the Government’s motivation for proposed changes to the country’s climate framework law are unclear: “The only reason I can think of is one grounded in potential litigation risk.”
KiwiRail pauses coal trains amid rising climate protests
Tue 9 Dec 2025
By Shannon Morris-Williams | Climate activists are ramping up actions this week, with a Christchurch protest leading to KiwiRail pausing some coal train operations on Saturday, and another protest against the Fast-Track Amendment Bill planned for parliament today.
Investors must support positive climate-tech
28 Nov 2025
OPINION: We need better leadership than the current ‘climate opportunism’ that is rife in the Beehive, and we need to back a marketplace that will make it happen, writes Rob Campbell.
$235 billion worth of NZ buildings exposed to flooding
30 Oct 2025
More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.
India at COP30: A mismatch between grandstanding and climate action
Thu 11 Dec 2025
Despite India’s attempt to anoint itself as the leader of the developing world, at the COP30 summit, New Delhi’s track record remains contradictory.
Govt warned that scrapping ag emission pricing comes with risks
Thu 11 Dec 2025
By Liz Kivi | The Government’s move to halt plans for agricultural emissions pricing without replacing it with any other action will leave New Zealand facing a bigger gap to meet its third emissions budget, Environment ministry officials have warned.
NZ ‘clearly’ breaching international law on climate – Vanuatu Climate Change Minister
Fri 12 Dec 2025
By Liz Kivi | Vanuatu’s Climate Change Minister, Ralph Regenvanu, says New Zealand restarting fossil fuel exploration and subsidies is an obvious breach of international law, exposing the country to international and domestic litigation.
DOC trims costs and winds down jobs for nature
10 Nov 2025
The Department of Conservation (DOC) is entering a new phase of tighter budgets and structural change as it winds down the pandemic-era Jobs for Nature programme and reshapes its operations to absorb long-term cost pressures.
Media round-up
Fri 12 Dec 2025
In our round-up of climate coverage in local media: Another offshore wind firm exits New Zealand over a clash with seabed mining; Fonterra falls behind on its climate goals as farm emissions remain flat; and the businesses trapped by the gas 'death spiral'.
Transport dominates NZ’s rising consumer emissions
Wed 10 Dec 2025
By Shannon Morris-Williams | Transport pollution was the biggest contributor to an increase in New Zealand’s consumption-based emissions in 2023, with emissions from household travel up 12%, and consumption-based emissions totalling 58.3 million tonnes – up 1.6% from the previous year.
Australia has new laws to protect nature. Do they signal an end to native forest logging?
Thu 11 Dec 2025
Reforms to Australia’s nature laws have passed federal parliament. A longstanding exemption that meant federal environment laws did not apply to native logging has finally been removed from the Environment Protection and Biodiversity Conservation Act.
Oil and gas majors would create $78bn more value by stopping exploration
Thu 11 Dec 2025
Media release | Ten of the world’s largest oil and gas companies would create significantly more shareholder value by ending exploration and sharply curtailing upstream development, according to new analysis released today by ACCR.
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.”
Analysis: Why COP30’s ‘tripling adaptation finance’ target is less ambitious than it seems
5 Dec 2025
One of the headline outcomes to emerge from COP30 was a new target to “at least triple” finance for climate adaptation in developing countries by 2035.
Ticking time-bomb in Govt’s failure of leadership on climate – Carr
Tue 9 Dec 2025
By Liz Kivi | The coalition Government’s failure to slash emissions is like pulling the pin on a grenade, handing it to a kid, and saying “hold on tight, she’ll be right”, says former Climate Change Commission chair Rod Carr.
TotalEnergies loses in Paris court, marking a turning point for fossil fuel truth-in-advertising
5 Nov 2025
TotalEnergies was found to have misled consumers about its role in the energy transition.
Tribunal warns govt geothermal strategy risks Treaty breach
2 Dec 2025
By Shannon Morris-Williams | The government's geothermal development strategy risks breaching the Treaty of Waitangi, according to a report from the Waitangi Tribunal released last week.
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.
Insurers welcome govt decision to keep NHC levy unchanged
21 Nov 2025
Media release |The Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa (ICNZ) has welcomed the Government’s decision to leave the Natural Hazards Commission levy unchanged, amid ongoing concerns around the cost-of-living.
Why I’m not outraged at the Govt’s latest climate backsliding
7 Nov 2025
COMMENT: The Government’s latest climate rollbacks underline New Zealand’s long history of a lack of genuine desire to cut emissions, writes Geoff Bertram.
Shell facing first UK legal claim over climate impacts of fossil fuels
Fri 12 Dec 2025
Victims of a deadly typhoon in the Philippines have filed a legal claim against oil and gas company Shell in the UK courts, seeking compensation for what they say is the company's role in making the storm more severe.
NZ fails to back ‘roadmap’ to phase out fossil fuels at COP
24 Nov 2025
By Liz Kivi | Eighty-six countries including Australia, the UK, Germany, and Ireland backed a proposal at COP30 for national plans on how to quit oil, gas and coal – but New Zealand wasn’t one of them.
High risk of economic losses from Cook Islands nodule extraction and sales – new study
Fri 12 Dec 2025
Media release: Greenpeace | The economic potential of seabed polymetallic nodules in the Cook Islands has been overstated, according to a new independent study commissioned by Greenpeace International.
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.
Storms in the Southern Ocean are producing more rain – and the consequences could be global
Mon 8 Dec 2025
Storms in the Southern Ocean influence weather patterns across Australia, New Zealand and the globe.
Heatwaves, downpours and droughts – Auckland on track for more extreme weather
1 Dec 2025
By Shannon Morris-Williams | New projections show Auckland will face more heatwaves, heavier downpours, worsening droughts and growing coastal threats as climate extremes intensify, according to a new report from Earth Sciences New Zealand.
Govt green lights rural recycling scheme
4 Dec 2025
The Government has approved new regulations to bring rural waste schemes under one unified framework.
Shipping movements disrupted as climate change protesters block coal ships
2 Dec 2025
NSW police have arrested 141 people who attempted to block the shipping channel in Newcastle Harbour during Rising Tide protests, which began on Thursday.
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.
Neighbours fume over plans to axe trees for solar farm
Thu 11 Dec 2025
Diane McCarthy, Local Democracy Reporter | Whakatāne District Council has thrown its support behind residents of a country lane distressed about Genesis Energy’s plans to axe their trees.
NZ and US studying "huge unknown" in Antarctic climate science
Thu 11 Dec 2025
Media release: Earth Sciences New Zealand | Scientists are measuring a huge unknown in climate science: how much heat Antarctica emits into space.
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.
More than $2m up for grabs for low-emissions farming innovation
Wed 10 Dec 2025
The Ag Emissions Centre and AgriZeroNZ yesterday opened their 2026 innovation investment round.
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.
Seven EU countries pressure European Commission to rethink 2035 diesel and petrol car ban
Tue 9 Dec 2025
Pressure from EU countries, lawmakers and the automotive industry is likely pushing the European Commission to delay the revision of the bloc's ban on diesel and petrol cars by 2035.
Kaicycle celebrates ten years of collective climate action in Pōneke
14 Nov 2025
Media release: Kaicycle | Since 2015, Kaicycle has grown from a humble pilot project growing kai and collecting compost on bicycles into the thriving urban farm and composting hub that Wellingtonians know and love.
Study provides a step-change in understanding NZ’s groundwater
28 Nov 2025
Media release | Earth Sciences New Zealand has developed a world-first National Groundwater Age Map and a powerful suite of tools to support the sustainable management of our hidden groundwater resources, from national through to local scales.
NZ just had its hottest spring in at least 116 years
Wed 10 Dec 2025
By Shannon Morris-Williams | This year New Zealand had its hottest spring since records began, with widespread heat, rainfall extremes and destructive wind driven by sudden stratospheric warming.
Australian market operator slashes wind farm predictions amid falling costs for solar and batteries
Thu 11 Dec 2025
The body that runs Australia's biggest power market has scaled back its plans for high-voltage power lines and wind farms to meet the country's green energy targets.
