Topics tagged with 'NZ ETS'
Transport-related GHG emissions cost society $1.68 billion a year
22 Jun 2022
By Liz Kivi | Transport-related greenhouse gas emissions (GHGs) are costing society $1.68 billion a year, according to a recent report commissioned by the Ministry of Health.
Carbon Markets set to continue growth as countries double down on climate ambition: IETA Survey
22 Jun 2022
Carbon markets around the world are set to continue growing rapidly as countries double down on climate ambition, and as corporates continue to pursue net-zero goals, finds IETA’s latest annual Market Sentiment Survey
CCR trigger price likely to get a boost next year
20 Jun 2022
With the Cost Containment Reserve fully depleted at last week’s second ETS auction of the year market commentators are picking the Climate Change Commission will advise the government to up the trigger price.
Best by the rest...
17 Jun 2022
In our weekly round-up of the best climate coverage in the local media: The leaky logic of the farming sector's climate plan; analysis of how effective government policies will be at slashing carbon; and can governments boost defence spending while cutting emissions at the same time?
ETS auction clears at $76.00
15 Jun 2022
THE second NZ ETS auction of the year cleared at a price of $76 today.
Tomorrow’s carbon auction expected to empty the Cost Containment Reserve
14 Jun 2022
With the spot price of carbon trading more than $6 above the Cost Containment Reserve’s $70 trigger price the remaining 1.306 million NZUs in the CCR are expected to be snapped up at tomorrow’s ETS auction.
HWEN: Experts and lobby groups react
9 Jun 2022
A climate change expert says He Waka Eke Noa’s recommendations for pricing agricultural emissions, released yesterday, are surprisingly unambitious, and there appears to be “a significant gap” in the reductions needed to meet government targets.
Post-1989 forest ETS registrations skyrocket
3 Jun 2022
Applications to register post-1989 forest grew by more than 400% from 296 in the last quarter of 2021 to 1304 in the first quarter of 2022.
Best by the rest...
3 Jun 2022
In our weekly round-up of the best climate coverage in the local media: The farming lobby split over climate policy; the Reserve Bank takes on fuel prices; and Australia pledges climate action in the Pacific.
China's Carbon Emission Allowance price at $8.76/mtCO2e
31 May 2022
The daily weighted average price of a Carbon Emission Allowance, or CEA, under China's national carbon market was at Yuan 59/mtCO2e (US$8.76/mtCO2e) on May 27, and weekly trade volume totaled 551,351 mtCO2e, according to data from Shanghai Environment and Energy Exchange, or SEEE.
Best by the rest...
27 May 2022
In our weekly round-up of the best climate coverage in the local media: How will the country meet emissions budgets? Different approaches to mode shift; and the disastrous effects of rising sea temperatures are already being felt.
Australia’s first carbon credit ETF excludes NZUs from mix
26 May 2022
Australia’s first carbon credit ETF, announced this week, won't be including NZUs in the mix as its limiting itself to the four most actively traded and largest carbon markets.
No done deal on EU carbon market reform
26 May 2022
Lawmakers in the European Parliament’s environment committee voted on a major overhaul of the EU’s carbon market last week, but it’s a long and possibly bumpy road to EU legislators shaking hands on the final deal.
Price of NZUs edging higher
25 May 2022
The price of NZUs on the spot market has edged past the $77 mark this week for the first time since the middle of last month.
Environment committee calls for submissions
24 May 2022
The Environment Committee Komiti Taiao is inviting public submissions on the government’s emissions budgets and Emissions Reduction Plan.
Overseas carbon liabilities to be included in Crown accounts in future
12 May 2022
Finance Minister Grant Robertson says Treasury is working on how to include the cost of meeting New Zealand’s Nationally Determined Contribution obligations in the Crown accounts, but it will take time.
Permanent pine settings in the ETS divisive among Maori
12 May 2022
A research group says Maori in their area are opposed to including pine in the Emissions Trading Scheme’s (ETS) permanent forestry settings, despite Te Paati Maori declaring strong support of pine.
Big players snaffle up bulk of NZUs at auction
11 May 2022
The top five successful bidders at the last NZ ETS auction snaffled up 78% of the NZUs on offer.
Te Paati Maori comes out in support of permanent pine forests
10 May 2022
Debbie Ngawera-Packer, Te Paati Maori co-leader and climate change spokesperson, has come out in support of pine forests, attacking government proposals to remove exotic species from the permanent forestry category of the Emissions Trading Scheme (ETS).
Best by the rest...
6 May 2022
In our Weekly round-up of the best climate coverage in the local media: Sea levels are rising and Kiwi communities are sinking - who will pay for the damage? And Green MP Chlöe Swarbrick argues for collective responsibility on climate change.
Emissions Trading Register transactions up by more than 70% so far this year
5 May 2022
The number of transactions on the Emissions Trading Register jumped by 72% in the first four months of this year compared to the same period in 2021.
Winner of Australian election must fix carbon market: report
5 May 2022
The next federal government has been urged to review the carbon market as experts question the integrity of credits used by companies to balance their books on emissions.
New Zealand’s 150 million tonne carbon headache
6 Apr 2022
How to best reduce New Zealand’s stockpile of more than 150 million carbon credits is one of the conundrums being worked through by the Climate Change Commission as it prepares its recommendations to government on future unit limits and price controls.
NZ ETS could be a model for the world: Matt Burgess
28 Mar 2022
Last Friday was Matt Burgess’s last day as a senior economist at the NZ Initiative. His final report for the thinktank, Pretence of Necessity, is a strident argument for leaving all of the heavy lifting in reducing New Zealand’s emissions to the ETS.
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.
Ukraine invasion sees NZ carbon price nose-dive
10 Mar 2022
The price of carbon on the New Zealand spot market has nose-dived from a high of $86.25 last month to just $70.25 at the close of trading yesterday
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.
German NGOs call on govt to soon start returning CO2 price revenues to citizens
18 Feb 2022
Germany’s government should soon introduce a so-called climate premium (“Klimageld”) to return the revenues from the national carbon price on transport and heating fuels to citizens, said a group of civil society groups including Friends of the Earth Germany (BUND) and Germanwatch.
NZU spot price closing in on 2024 cost containment trigger
15 Feb 2022
At close of trading yesterday the NZU had hit an all time high of $84.50 on the Commtrade site. With the cost containment reserve trigger price set at $70 it's all but inevitable the entire 7 million units available in 2022 will be snapped up at next month's NZ ETS auction.
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.
Obituary: Peter Neilson - The ETS one of his most successful campaigns
14 Feb 2022
By Graeme Colman: Four days before he died last week, Peter Neilson was working on one of the last chapters of his memoir. It details the touch-and-go final effort to pass a law introducing emissions trading.
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.
Feds hit back at climate change minister’s pricing comments
3 Feb 2022
Federated Farmers have responded angrily to climate change minister James Shaw’s comments on agricultural emission pricing, saying his approach risks “killing off the sector.”
Agriculture will join ETS if He Waka Eke Noa fails to deliver: Shaw
2 Feb 2022
Climate change minister James Shaw has reminded the farming sector that if it fails to come up with a plan that results in significant cuts to greenhouse gas emissions agriculture will come under the ETS from 2025.
ETS alone won’t see NZ achieve its climate targets: OECD
1 Feb 2022
The OECD is recommending New Zealand adopt targeted climate change mitigation measures to address market failures that it says won’t be corrected by carbon pricing alone.
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.
ETS revenue should be returned to the people: NZ Initiative
17 Dec 2021
The government is missing a chance to make the ETS progressive by not returning its revenues to ordinary New Zealanders in the form of a dividend, NZ Initiative economist Matt Burgess says.
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.
NZ ETS Look-Up tables should be altered to include planted native forests: Pure Advantage
3 Dec 2021
New research by environmental group Pure Advantage shows that the difference in carbon sequestration rates of pine and planted native forests is much less than previously thought.
ETS auction clears at $68
1 Dec 2021
THE final NZ ETS auction of the year cleared at a price of $68 today.
Tightening NZU supply one of the strongest options for cutting emissions: Cabinet paper
29 Nov 2021
“A clearly-signalled and well-paced tightening” of the supply of NZUs is one of the strongest options available for cutting New Zealand’s emissions, according to a recently released Cabinet paper.
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.
10 YEARS AGO...
27 Oct 2021
Ten years ago, submissions on whether industrial gas CERs - sometimes called hot air credits - should be banned from the NZ ETS were about to close.
Govt proposes allowing more emissions in the short-term and steeper cuts in the future
13 Oct 2021
THE government is proposing increasing the emissions budget recommended by the Climate Change Commission for the 2022-25 period by 2 megatonnes carbon dioxide equivalents, followed by cuts of 5Mt CO2e for the 2026-30 period, and 11 Mt CO2e in the 2031 – 31 period.
Spike in number of NZUs traded in September
11 Oct 2021
Last month there were 436 trades of NZUs on the secondary market compared to 195 in September 2020.
Two players bought nearly 60% of NZUs on offer at last ETS auction
8 Oct 2021
Two of the 77 participants in September’s ETS auction snaffled up a combined 56.8% of the 11.75 million NZUs on offer – which included the 7 million extra units released when the $50 cost containment reserve was breached
Climate change will add to Aotearoa’s debt burden: Treasury
30 Sep 2021
Climate change is likely to see net debt increase by at least 4% of GDP over the next 40 years, according to just released Treasury modelling.
World's largest carbon market is set for a historic revamp
29 Sep 2021
The European Union is due to propose an unprecedented overhaul to its carbon market this week, seeking to put a price on shipping emissions for the first time.
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
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.
