Topics tagged with 'NZ ETS'
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.
NZU stockpile grows
20 Sep 2021
The NZU stockpile has grown from 134.5 million in March to 138.4 million at the end of June, according to figures just released by the Environmental Protection Authority.
Is the price of carbon beginning to bite?
9 Sep 2021
For years critics of the ETS said the price of NZUs were too low to make a difference. With NZUs smashing through the $65 mark, this week, that could be changing.
NZU price soars despite CCR “safety valve”
2 Sep 2021
If the purpose of the Cost Containment Reserve is to act as “a safety valve” to prevent NZU prices going significantly above the trigger price – it doesn't appear to be working.
Climate Change Minister responds to ETS auction
1 Sep 2021
“The Government is committed to balancing out the additional units released today to ensure there is no overall impact on emissions released into the atmosphere," climate change minister James Shaw said in a statement today.
NZU price crashes through CCR
1 Sep 2021
THE third NZ ETS auction cleared at $53.85 today - the first time the cost containment reserve has been breached.
Jump in number of non-obligatory players entering ETS
31 Aug 2021
Nearly two thirds of bids in the last ETS auction in June came from entities that didn’t have compliance obligations.
Emissions reduction consultation document on its way
25 Aug 2021
The government is set to launch a consultation document on its emission reduction plan, possibly as soon as next week.
NZU price jumps on announced increase in CCR trigger price
23 Aug 2021
The price of NZUs broke through the $50 mark today for the first time on news that the government is increasing the Cost Containment Reserve trigger price to $70 next year.
10 YEARS AGO...
3 Aug 2021
Ten years ago, British electricity generators were paying 16 pounds a tonne for carbon – nearly twice the then price of carbon in New Zealand.
Introducing China’s carbon market
23 Jul 2021
Last week, China announced the launch of its national carbon emissions trading market. How does it work?
10 YEARS AGO...
19 Jul 2021
Ten years ago, the manager of NZ Carbon Farming was saying confidence in the future of the Emissions Trading Scheme had led to an upsurge in carbon investment.
China's carbon market tops 210 million yuan in first-day trading
19 Jul 2021
China's national carbon market, the largest emissions trading system in the world, made its debut on Friday with a turnover of 210 million yuan for carbon dioxide emissions on the first day
Number of NZUs surrendered drops
15 Jul 2021
The net number of NZUs surrendered in the year ending June dropped from $40.24 million last year to $38.87 million.
China to launch ETS this month
15 Jul 2021
China is set to launch its carbon emissions trading scheme this month.
Limits could be placed on NZU stockpiles
9 Jul 2021
Participants in the NZ ETS could have limits set on the number NZUs they are holding and be required to disclose their stockpiles under proposals being considered by the Government.
NZUs continue to climb
8 Jul 2021
The price of NZUs have increased by more than 24% since the beginning of last month – hitting $46 on both the Commtrade and Carbon Match platforms yesterday.
Shuttering NZUs 'wouldn't hurt': Shaw
5 Jul 2021
Minister for Climate Change James Shaw says buying NZUs with the intention of lowering New Zealand's total emissions 'wouldn't hurt,' in part two of his interview with Carbon News.
Feebate could see ETS cap reduce: Shaw
1 Jul 2021
Minister for Climate Change James Shaw says policies like the feebate scheme will allow the government to reduce the ETS cap quicker than would otherwise be the case.
10 YEARS AGO...
1 Jul 2021
Ten years ago, emitters covered by the Emissions Trading Scheme surrendered 8.3 million tonnes of carbon credits for the previous year's emissions. Those who didn’t surrender credits for their emissions paid a total of $930,000 to the Government instead.
10 YEARS AGO...
29 Jun 2021
Ten years ago, the then Labour leader of the opposition, Phil Goff, told Federated Farmers that under a Labour government agricultural emission would be included in the ETS.
10 YEARS AGO...
28 Jun 2021
Ten years ago, The Environmental Protection Authority opened for business. It took over responsibility for running the ETS the following year.
NZU price keeps climbing
25 Jun 2021
NZUs are trading at all-time highs of more than $43 on both CommTrade and Carbon Match today
Carbon dividend would be “socially progressive”: Shaw
24 Jun 2021
Climate Change Minister James Shaw told this morning’s Environment Select Committee that using revenues from ETS auctions to pay a carbon dividend would be “socially progressive.”
ETS auction clears at $41.70
23 Jun 2021
The second NZ ETS auction cleared at a price of $41.70 today.
NZU prices plateau before 2nd ETS auction
22 Jun 2021
Prices for NZUs have plateaued around the $41 mark in the lead up to tomorrow’s ETS auction.
10 YEARS AGO...
22 Jun 2021
Ten years ago, New Zealand carbon prices were expected to drop following falls in Europe.
10 YEARS AGO...
21 Jun 2021
Ten years ago, a panel reviewing the ETS said it was considering measures that would reward farmers with carbon credits for cutting greenhouse gas emissions
New forward carbon product launched
18 Jun 2021
Media Release - emsTradepoint Ltd (a subsidiary of Transpower) has today launched a new quarterly forward product for carbon.
10 YEARS AGO...
16 Jun 2021
Ten years ago, an executive from Shell Australia was saying the ETS was a more effective way to fight climate change than government subsidies to renewable energy.
EU to compensate vulnerable household for carbon related price hikes
16 Jun 2021
The European Commission is setting up a fund to support vulnerable households whose fuel bills increase as a result of its plan to expand carbon pricing to transport and buildings’ heating systems.
NZ carbon price hits all time highs
15 Jun 2021
NZUs fixed at $40.50 on both CommTrade and Carbon Match yesterday, an all time high but still only about half of what's being paid for carbon credits Europe and the UK.
Getting people out of their cars a top priority
14 Jun 2021
The lead author of a 2016 Royal Society report that recommended a feebate scheme says yesterday’s announcement is welcome news but getting people out of their cars remains a top priority.
ETS needs strengthening: ClimCom
11 Jun 2021
The Climate Change Commission has recommended that the ETS be amended to further tilt incentives towards emission reduction and away from the planting of exotic forests.
Responses to ClimCom final advice divides along usual lines
10 Jun 2021
An avalanche of press releases in response to yesterday’s release of the Climate Change Commission’s final advice to the government sees interest groups dividing along familiar lines.
10 YEARS AGO...
10 Jun 2021
Ten years ago, the operators of a Waikato aboretum won the right to sell carbon credits from their trees.
Inaia tonu nei – the time is now
9 Jun 2021
Inaia tonu nei – the time is now: a low emissions future for Aotearoa – the Climate Commission’s final advice to the Government, released to the public today, says a revision of the New Zealand’s baseline emissions has made the task ahead “slightly more difficult.”
10 YEARS AGO...
9 Jun 2021
Ten years ago, NZUs were trading for between $19.65 to $19.85, on light volume.
Offsetting beer's environmental hangover
8 Jun 2021
Next time you take a swig of Steinlager you can rest easy knowing that Lion has paid one cent to offset the carbon emitted during its brewing.
NZU price on the up
8 Jun 2021
After dropping from a high of $39.60 in February to $36.25 last month, the price of NZUs is on the way up, crossing the $38 mark today.
10 YEARS AGO...
2 Jun 2021
Ten years ago, the Australian Government was advised that putting a price on carbon would spur innovation and have no disruptive effect on the economy.
Scrutiny week reveals unresolved trade-offs
Today 11:30am
Last week's select committee scrutiny hearings showed how far the Government's energy and environment agenda has moved from target-setting to implementation. They also showed how many unresolved trade-offs now sit beneath that shift.
Govt opens first ETS forestry permit ballot
Mon 22 Jun 2026
Applications have opened for the first ballot under new ETS forestry rules, with up to 7,500 hectares of exotic forestry on marginal land on offer for landowners to register in the Emissions Trading Scheme in the first of two annual rounds, totalling up to 15,000ha a year.
$30m airline fund risks ‘burning public money’ without lasting benefit – expert
20 Mar 2026
By Shannon Morris-Williams | A $30 million government package to support regional air routes risks delivering poor value for money while increasing emissions, according to transport strategist Tim Adriaansen.
Airline CEOs warn EU plan to expand carbon costs will raise fares
10 Jun 2026
Europe's biggest airlines have urged the European Union not to extend its Emissions Trading System to cover international flights, warning the move would raise ticket prices, a letter seen by Reuters showed.
Waikato Council advances water security action plan
Tue 23 Jun 2026
Waikato Regional Council has endorsed a new action plan to strengthen the region’s water security.
'Stored solar': Bioenergy Association touts cost benefits of biomass boilers over gas
Today 11:30am
By Oli Lewis | Businesses across New Zealand are warming to bioenergy, but advocates believe woody biomass could play a far greater role as a replacement for more expensive natural gas and electric heat options.
Looking behind the headline costs of offshore mitigation
Thu 18 Jun 2026
COMMENT: A closer look at Treasury’s analysis reveals assumptions that undervalue the case for using offshore mitigation as part of Aotearoa New Zealand’s global climate contribution, writes Catherine Leining.
Australia opens first carbon refinery, making new products from captured CO2
Today 11:30am
Australia’s first carbon refinery opened in New South Wales, capturing carbon dioxide from explosives giant Orica's ammonia-making operations on Kooragang Island and turning it into products such as concrete, paper and glass.
Carbon auction failures show ETS working, Watts says
Tue 23 Jun 2026
Failed government carbon auctions show the emissions trading scheme is working as intended rather than broken, Climate Change Minister Simon Watts says.
Media round-up
Fri 19 Jun 2026
In our round-up of climate coverage in local media: The Government is set to quietly scrap a looming ban on coal boilers; some South Dunedin homes may be relocated as climate risks increase; and more details emerge about the handling of documents linked to the undisclosed climate case briefing.
NZ’s sustainable finance credibility gap
5 Jun 2026
By Manbo He | COMMENT: New Zealand has built serious sustainable finance infrastructure - but risks failing to attract the global capital that infrastructure was designed for, because it lacks the practitioner capability to operate it credibly.
Green building council calls for clean energy policies
18 May 2026
The New Zealand Green Building Council has released its 2026 election manifesto calling for policies to reduce energy waste in buildings, lower household and business energy costs, and improve New Zealand’s energy security.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
21 Apr 2026
Hungary has played a disproportionate role in EU climate and energy policy in recent years, by repeatedly vetoing climate action and by delaying the phaseout of Russian fossil-fuel imports.
Forestry at heart of ETS problems – commissioner
Today 11:30am
By Shannon Morris-Williams | Forestry is a central driver of growing problems within New Zealand's Emissions Trading Scheme, Parliamentary Commissioner for the Environment Simon Upton told the Environment Select Committee during Parliamentary Scrutiny Week.
Gas transition loan scheme nears launch as savings modelled
Tue 23 Jun 2026
By Oli Lewis | Commercial gas users could potentially save thousands of dollars a year by using Crown-backed loans to fund fuel-switching and energy efficiency projects, new modelling indicates.
Environmental groups call for ETS reform
20 Feb 2026
Several environmental organisations are calling on political parties to make climate and biodiversity central to the 2026 election campaign, with reforming the Emissions Trading Scheme seen as a key priority.
UK heatwave: 40C in June must be wake-up call on climate crisis, scientists warn
Today 11:30am
Scientists are warning that politicians are failing to appreciate the magnitude of the climate crisis after the Met Office forecast that temperatures in the UK could hit 40C for just the second time since records began.
High Court hearing highlights the 'shrinking pool' for fisheries research and science
Mon 22 Jun 2026
Media release: Environmental Law Initiative | At the close of a four-day High Court hearing challenging the government’s under-levying of the fishing industry, the Environmental Law Initiative (ELI) says more science, research and observer coverage is needed to protect marine wildlife and ecosystems from the impacts of fishing.
Burning forest ‘waste’ to make cement damages the climate
Today 11:30am
The Australian government has agreed to invest almost $53 million in a north Tasmanian company that will upgrade its coal-fired kiln to burn wood “waste” and used tyres for cement manufacturing.
Canadian firm seeks Crown co-investment for Genesis-supported gas storage project
Fri 19 Jun 2026
By Oli Lewis | A proposed gas storage project supported by Genesis Energy has sought Crown co-investment through the $200 million Gas Security Fund.
Ballance secures gas for 2026 as it progresses energy transition plan
16 Jun 2026
By Oli Lewis | One of the largest industrial gas users in New Zealand is working on an energy transition plan to futureproof domestic fertiliser manufacturing, while continuing to secure ongoing gas supply contracts.
Cabinet green-lights $55M super-critical geothermal drilling programme
9 Jun 2026
By Pattrick Smellie | Cabinet has agreed to release the $55 million unspent of the $60m secured by Resources Minister Shane Jones to drill up to 5 kilometres deep into super-critical geothermal heat under the Taupō volcanic zone.
NZ Taxonomy project scoops London Climate Week award
Today 11:30am
The New Zealand Taxonomy project has scooped an innovation award at the International Climate Bonds awards in London this week.
Carbon capture and the need for ‘net zero oil’
16 Jun 2026
By Pattrick Smellie | The answer to making carbon capture and storage work is to make fossil fuel producers responsible for making it happen rather than consumers, says Oxford University climate change policy expert, Professor Myles Allen.
Govt climate claims don't match reality, lawyers say
17 Jun 2026
By Shannon Morris-Williams | Lawyers for Climate Action has accused the Government of presenting an overly positive picture of New Zealand's climate progress at the United Nations climate summit in Bonn, arguing key claims on emissions reductions and support for the Paris Agreement's 1.5°C goal are not reflected in domestic policy.
Importing LNG would raise costs and emissions: it’s a terrible decision for New Zealand
9 Jun 2026
COMMENT: Today’s announcement from the Government is political smoke and mirrors, with electricity users’ wallets still set to bear the brunt of the proposed LNG facility, writes Christina Hood.
Victorian Hydrogen announces Southland urea fertiliser project using coal
22 Apr 2026
By Liz Kivi | Australian-based Victorian Hydrogen has announced it is developing a new 1.5 million-tonne-a-year urea fertiliser operation in Southland, which it will apply for under fast-track legislation.
Govt removes health and life insurers from disclosure regime
Fri 19 Jun 2026
By Shannon Morris-Williams | Health and life insurers are set to be removed from New Zealand's climate-related disclosure regime, with the Government arguing the sector is not directly exposed to climate risks, a claim disputed by a sustainability expert.
Climate law change spanner in the works for Waitangi Tribunal Inquiry
19 Dec 2025
By Liz Kivi | The Government’s controversial changes to New Zealand’s legal framework for climate policy have thrown a spanner in the works for a long-running Waitangi Tribunal Inquiry into climate change.
UN intervention could become election focus
Mon 22 Jun 2026
By Liz Kivi | A United Nations recommendation that the Government should change course on a proposed climate law change could become an election issue if it eventuates, according to a legal expert.
LNG import terminal could cost NZ economy $6.2 billion: Concept Consulting
17 Jun 2026
By Oli Lewis | The benefits of a liquefied natural gas (LNG) import terminal to provide insurance against dry year energy prices would be outweighed by the wider costs to the New Zealand economy, a new report says.
Lessons from Australia: Climate Change Authority chair cites rapid roll-out of household solar, batteries
Fri 19 Jun 2026
By Oli Lewis | Australia is rapidly outpacing New Zealand when it comes to new household solar and battery systems, lowering electricity costs and driving down the carbon intensity of installed generation.
Climate risks could reshape business finances, new guidance warns
15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
Climate change minister tight-lipped on ACT climate policy
16 Jun 2026
By Liz Kivi | Climate Change Minister Simon Watts is keeping his cards close to his chest about the ACT Party’s election campaign pledge last week that it would resubmit New Zealand’s Paris Agreement target.
US defence spending on critical minerals surges in the last decade
Mon 22 Jun 2026
Members of communities affected by some of these projects said that U.S. state backing has meant projects are being fast-tracked without the necessary social and environmental checks or meaningful consultation.
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.
Mombasa ocean summit drives progress on marine protection, but threats persist
Tue 23 Jun 2026
At the 11th Our Ocean conference in Kenya, its founder John Kerry says the ocean must become central to climate solutions and needs to be looked after.
Hipkins pans LNG plan as ‘massive step backwards’
19 May 2026
By Liz Kivi | Labour leader Chris Hipkins has told a Queenstown audience that a Government he leads would not proceed with a planned LNG import terminal, if elected at November’s election.
UN’s first Paris Agreement carbon credits face human rights and climate concerns
17 Jun 2026
Civil society groups allege the cookstove project in Myanmar exaggerated its climate impact while maintaining ties with military junta.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
Six NZ climate solutions up for 2026 Earthshot prize
21 May 2026
By Shannon Morris-Williams | Six New Zealand climate and sustainability initiatives have been nominated for the 2026 Earthshot Prize, with the shortlist showcasing Kiwi-led solutions tackling emissions, plastic waste and ocean restoration.
Too much environmental reporting, claims councillor
Today 11:30am
By Vihan Dalal, Local Democracy Reporter | Environmental reporting is often costly and unnecessary because New Zealand already has "a pretty good environment," claims one West Coast regional councillor.
Northern Thai residents march for action on polluted rivers. ‘This is an emergency’
9 Jun 2026
More than 600 residents of Chiang Mai and Chiang Rai provinces embarked May 31 on a roughly 68-kilometer, six-day ‘peace walk’ to demand the Thai government take action on the river pollution crisis that has seen Thai rivers polluted with heavy metals.
Why China's critical minerals strategy leaves the US behind
8 Jun 2026
The United States cannot realistically recreate that dominance overnight even if the political will existed.
Sustainable finance taxonomy for energy sector – consultation
8 Jun 2026
The Centre for Sustainable Finance is consulting on the sustainable finance taxonomy’s draft energy sector criteria.
Ukraine hopes renewables can Russia-proof power grid
Fri 19 Jun 2026
Quick to build and able to power a small city, the Oriv wind farm in western Ukraine is exactly the kind of project Kyiv hopes will backstop its power grid against routine Russian strikes.
‘Landmark’ conservation reform bill – boost or bust for nature?
8 May 2026
By Liz Kivi | The Government has announced an overhaul of the country’s conservation system, which environmental organisation Forest & Bird says will undo the work of many generations of Kiwis to protect public conservation land.
The merchants of doubt are coming for extreme event attribution science
Thu 18 Jun 2026
Andrew Dessler: Fossil-fuel companies are acutely aware that this research could land them in court. And losing those cases would leave them legally liable for billions of dollars in climate damages.
Calder Stewart to invest $110m for solar across industrial portfolio
Tue 23 Jun 2026
Media release | NZ’s largest industrial landowner is preparing one of the country’s most significant industrial rooftop solar rollouts, with Calder Stewart set to invest more than $110 million in solar panels and battery storage across its property portfolio.
Carbon trading schemes cut more emissions than carbon taxes, according to global study
20 Mar 2026
By Shannon Morris-Williams | Carbon trading schemes are more effective than carbon taxes at reducing emissions, cutting fossil fuel use, and accelerating the shift to renewable energy, a global study has found.
Lack of finance stalling sustainable innovation – report
12 Jun 2026
By Shannon Morris-Williams | A lack of access to suitable finance is threatening growth in New Zealand's sustainable innovation sector, despite strong confidence and ambitious expansion plans among purpose-driven businesses, according to a new report.
Pacific climate response in question as NZ finance remains unclear
19 Dec 2025
By Shannon Morris-Williams | With New Zealand's $1.3 billion international climate finance commitment set to end with no clarity on what follows, the Auditor-General says oversight of that funding remains patchy and long-term outcomes are unclear.
UK electric car sales target set to be weakened
Fri 19 Jun 2026
The UK government is set to water down its target for how many new cars that are sold need to be electric vehicles.
‘Those blocking climate science are not our friends': Pacific leaders warn at Bonn talks
Tue 23 Jun 2026
Pacific nations and civil society groups have united at UN climate talks, pushing back against efforts to weaken agreed language on global temperature limits as negotiations continue behind closed doors.
New refrigerant scheme targets potent greenhouse gases
Thu 18 Jun 2026
By Shannon Morris-Williams | New Zealand is set to introduce its second regulated product stewardship scheme under the Waste Minimisation Act, targeting synthetic refrigerants that account for around 2% of the country's greenhouse gas emissions.
Antarctic surface melt set to increase dramatically this century, new study finds
10 Jun 2026
Media release – Victoria University | New research shows surface melting across Antarctica is set to intensify and spread dramatically over the 21st century, with melt increasing by 10 times and the area affected growing by more than 10 percent by 2100 if global temperatures continue to rise.
Increase in wildfire-driven ozone linked to premature deaths across the U.S.
10 Jun 2026
Smog linked to wildfires is getting worse across much of the U.S., playing a role in more than 300 additional premature deaths every year since 2013, researchers say.
New Zealand faces $26b energy infrastructure challenge, report warns
15 Jun 2026
By Shannon Morris-Williams | New Zealand will need an additional $26 billion of investment in energy infrastructure over the next 30 years to meet its decarbonisation goals, with a new report warning that policy certainty is critical to unlocking the renewable generation needed to power a low-carbon economy.
