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Topics tagged with 'NZ ETS'

More in: NZ ETS
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Slash under the Mangatokerau Bridge on Paroa Road

East Coast advocates join calls to take forestry out of the ETS

10 Apr 2025

Sustainable land-use advocates in Tairāwhiti are demanding immediate government action on the Environment Commissioner's recommendation to phase forestry out of the Emissions Trading Scheme.

Experts back scepticism about carbon forestry

10 Apr 2025

Experts from around the country agree that the Environment Commissioner's 'Alt-F Reset' report is "incredibly timely" as the world faces unprecedented climate change.

Former NZGIF chair Cecilia Tarrant (left) with former chief investment officer Jason Patrick

Experts slam govt decision to wind down green investment bank

9 Apr 2025

The government’s move to scrap its green investment bank is a step backwards for emissions reductions and doesn’t stack up with the National Party’s economic and energy transition strategies, according to sustainable finance experts.

Climate implications of quarterly action plan?

9 Apr 2025

While the government's second quarterly action plan for 2025 doesn't make much - if any - mention of climate, several items on the checklist could impact emissions, including plans for legislation to limit farm-to-forestry conversions in the ETS, decisions on scaling up a biodiversity credit market, and moving all vehicles to Road User Charges instead of petrol taxes.

Question mark over Government modelling for pine planting on public conservation land

8 Apr 2025

Media release | Forest & Bird is concerned about modelling revealing that meeting the Government’s climate commitments would require planting vast areas of conservation and other Crown land in permanent pine forests, in a desperate attempt to meet Aotearoa New Zealand’s net zero emissions 2050 goal.

Govt plan for forestry on Crown land raises questions for the Emissions Trading Scheme

4 Apr 2025

By Liz Kivi | The government’s latest plan for carbon forestry includes a large chunk of planting on Crown land, with 155,000 hectares of exotic forestry projected to enter the Emissions Trading Scheme by 2042.

Carbon market increasingly volatile

1 Apr 2025

Last week was 2025’s most volatile so far for the carbon market, with units changing hands below $60 all week, and even trading down to the low $50s.

Former climate change minister James Shaw

Court of Appeal rejects case against Climate Commission

31 Mar 2025

The Court of Appeal has dismissed a case against the Climate Change Commission and former climate minister James Shaw, which argued that New Zealand has adopted climate targets that are too weak.

Govt releases detail on ETS forestry restrictions

28 Mar 2025

The government has released more detail on new restrictions for farm conversions to exotic forestry in the Emissions Trading Scheme (ETS), which foresters say will prevent another planting boom.

National Party Southland MP Joseph Mooney and Prime Minister Christopher Luxon

New bill to block climate litigation ‘constitutional overreach’ - lawyers

27 Mar 2025

Climate and environmental advocates have slammed a National MP’s bill that would block people suing companies for climate damage.

Tiwai Point

Govt doubles smelter’s carbon subsidy against official advice

27 Mar 2025

By Shannon Williams | The government has increased the New Zealand Aluminium Smelter's free carbon allowance, ignoring official advice to boost the subsidy by a lower amount.

Carbon price drops to 6-month low

26 Mar 2025

By Liz Kivi | The New Zealand Unit spot price has fallen dramatically in the wake of last week’s declined auction, with the Carbon News NZU Index closing at $54.67 yesterday, down 10% from prices above $60 at the start of last week.

Floodplain grazing phase-out on cards

25 Mar 2025

By Emily Ireland, Local Democracy Reporter| Grazing on 576 hectares of regional-council owned flood protection land in Wairarapa could be heavily reduced in favour of emissions-friendly activities.

Carbon credit deal to provide windfall for Maori landowners

21 Mar 2025

By Moana Ellis, Local Democracy Reporting | An isolated Maori Land Trust in the central North Island has sealed a groundbreaking carbon credit deal, securing millions for its 4000 owners and tens of thousands of beneficiaries.

Greens call for agriculture in, forestry out of ETS

20 Mar 2025

Yesterday's failed Emission's Trading Scheme auction is 'another indictment' on the government's climate credibility, says Green Party co-leader and climate change spokesperson Chloe Swarbrick.

First ETS auction of the year fails

19 Mar 2025

The first Emissions Trading Scheme auction of 2025 has failed to sell any 'pollution permits,' with all 1.5 million NZUs rolling over to the June auction.

Tomorrow's ETS auction likely 'non-event'

18 Mar 2025

The spot price in the compliance carbon market dropped even further at the end of last week, with market watchers predicting that tomorrow's auction is odds-on to sell nothing.

Govt calls for tenders to improve remote sensing for carbon storage

18 Mar 2025

The government has issued a request for proposals to help it improve how carbon stored in forests can be measured by remote-sensing.

Carbon auction unlikely to clear as spot price drops

11 Mar 2025

The carbon price on the spot market has dropped to its lowest level since December, with the first ETS auction of the year less than a week away now unlikely to sell any units at all.

NZ and Viet Nam sign up to cooperate on climate

3 Mar 2025

New Zealand has signed a partnership agreement with Viet Nam, including a Memorandum of Arrangement on climate change cooperation aiming to strengthen cooperation on adaptation and mitigation, including carbon markets.

Updates to ETS auction collateral methodology

27 Feb 2025

The Government has updated the NZ ETS Auctions collateral methodology effective from 19 March 2025.

Carbon capture framework coming

24 Feb 2025

The government wants to bring carbon capture and storage into the Emissions Trading Scheme, with plans to introduce legislation for a Carbon Capture, Utilisation and Storage framework this year.

Will March's carbon auction clear?

24 Feb 2025

With carbon prices on the secondary market trading in a tight range below the minimum auction price, it seems increasingly unlikely that March's Emissions Trading Scheme auction will clear.

Genesis stocks up on coal

18 Feb 2025

Genesis Energy is prepared to burn up to 1.2 million tonnes of coal at Huntly Power Station this winter.

Secondary market remains flat as carbon auction approaches

14 Feb 2025

With the first carbon auction of the year just over a month away, one broker is predicting trading will continue at prices below this year's $68 auction floor price.

Pulling out of Paris Agreement could impact trade: Watts

10 Feb 2025

Climate change minister Simon Watts has reiterated the government's commitment to its international climate pledge, following comments from ACT leader and future deputy Prime Minister David Seymour, who floated the idea of pulling out of the Paris Agreement.

Exporters need to step up to meet new EU carbon tax requirements

7 Feb 2025

Kiwi exporters who invest in complying with the EU's carbon tax reporting will be at a competitive advantage, according to MFAT.

Commission calls for review of free carbon credits for big polluters

5 Feb 2025

The Climate Change Commission is recommending a review of free permits to big polluters under the ETS.

Foresters drop legal action over ETS fees

4 Feb 2025

Forestry minister Todd McClay has welcomed the sector's decision to drop legal action to fight new Emissions Trading Scheme fees.

Govt poised to reveal next climate target

30 Jan 2025

The government is set to announce New Zealand's next international climate target, the NDC for 2030-2035, tonight after the market closes.

Carbon price up - but still too low to drive decarbonisation

24 Jan 2025

Carbon prices on the secondary market went above the $64 mark yesterday for the first time since December’s partial auction clearance.

Emissions trading scheme surplus over-estimated, says EY

20 Dec 2024

The emissions trading scheme has about 22% fewer surplus units than government figures suggest, according to a new report.

Waitangi Tribunal kicks off inquiry into climate change policy

20 Dec 2024

By Liz Kivi | The Crown has contributed to worsening the climate crisis as well as exacerbating impacts on Māori communities, a Waitangi Tribunal panel heard this week.

Will NZ walk away from the Paris Agreement?

20 Dec 2024

By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.

What should carbon offsets really cost?

20 Dec 2024

By Jamie Heather | COMMENT: Today’s carbon prices would seem absurd in any other context.

NZ submits first Paris Agreement progress report

19 Dec 2024

New Zealand has submitted its first report to the UN on how the country is tracking towards its international climate target to 2030 under the Paris Agreement.

Govt confirms new ETS forestry fees

18 Dec 2024

The Government has confirmed new fees for forestry in the Emissions Trading Scheme, which will start from January 2025.

Carbon market heading towards increased price tension?

17 Dec 2024

The carbon price has made a partial recovery, as new analysis shows greater tension in New Zealand's emissions trading scheme than current prices suggest.

Methanexit? New report reveals risk of subsidising gas price hikes

16 Dec 2024

Media release | A dry winter in 2025 or beyond could enable our largest gas user – Canadian company Methanex – to push up gas and electricity prices, according to a new report, titled “Methanexit: should NZ be subsidising our largest gas user?”

Second emissions reduction plan still off-track

11 Dec 2024

The government has released its final emissions reduction plan for 2026-30, copping criticism for relying on unproven technology such as carbon capture and storage, as well as failing to meet crucial climate targets.

Carbon price dips as dust settles after auction

10 Dec 2024

The carbon price has taken a dive since last week’s auction, down more than 6% on last week’s auction price.

Dame Patsy Reddy appointed Climate Change Commission chair

9 Dec 2024

Dame Patsy Reddy has been appointed the new chair of the Climate Change Commission, Climate Change Minister Simon Watts announced this morning.

Green Party releases alternative climate plan

9 Dec 2024

The Green Party wants to take forestry out of the Emissions Trading Scheme and instead create biodiversity credits for afforestation.

Commission recommends ‘net negative’ 2050 target

6 Dec 2024

The Climate Change Commission has recommended the government adopt more ambitious climate targets, including updating ‘net zero’ to be net negative -20 MtCO2e by 2050, as well as moving to include emissions from international shipping and aviation.

Govt to partner with private sector planting trees on Crown land

6 Dec 2024

Cabinet has agreed to look at public-private partnerships to plant trees on low value Crown land, in a move the government says will support New Zealand’s climate change targets and create more jobs.

Changes to limit ETS forestry will have 'dire consequences' - foresters

5 Dec 2024

Foresters say that new rules limiting farm to forestry conversions under the Emissions Trading Scheme are set to have dire consequences for forest growers as well as for the country’s ability to meet climate targets.

Carbon price steady following partial auction clearance

5 Dec 2024

The carbon price stayed steady on the secondary market following yesterday’s partial auction clearance, where 7 million NZUs went unsold.

No excuse to not slash climate pollution – Carr

5 Dec 2024

Outgoing Climate Change Commission chair Rod Carr says every sector faces challenges in reducing its contribution to greenhouse gas emissions, and New Zealand is not unique in its barriers.

Final auction of the year partially clears

4 Dec 2024

More than 7 million pollution permits will fail to enter the register this year, with just under half of a possible 14.1 million units selling across all the Emissions Trading Scheme carbon auctions this year.

Auction preview: experts predict partial clearance tomorrow

3 Dec 2024

The secondary carbon market is trading just above the $64 auction floor, as tomorrow’s highly anticipated auction looms - the fourth and final of 2024.

Adaptation
More >

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.

Agriculture
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Awarua-Waituna Wetlands

Does NZ need a national incentive scheme for wetlands?

Fri 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.

Airlines
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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.

Aviation
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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”.

Biodiversity
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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.

Biofuels
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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 Credits
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Huntly Power Station, the largest thermal power plan in New Zealand.

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?

Carbon News world
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Trump administration moves to repeal scientific declaration on dangers of greenhouse gases

Today 10:45am

In one of its most significant reversals on climate policy to-date, the Trump administration on Tuesday proposed to repeal a 2009 scientific finding that human-caused climate change endangers human health and safety.

Carbon prices
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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
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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.

Comment
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Forestry can be a big plus for sheep and beef farmers – but there are caveats

22 Jul 2025

By Keith Woodford | OPINION: These are good times for sheep and beef farmers with record product prices for meat, which is precisely why now is the time for sheep and beef farmers to be looking again at farm forestry.

Construction
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Common low-grade clay strengthens low-carbon concrete

5 Jun 2025

Media release | Engineers at RMIT University have converted low-grade clay into a high-performance cement supplement, opening a potential new market in sustainable construction materials.

COP
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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.

Emissions trading
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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.

Energy
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Geothermal power station near Taupō

A modest geothermal strategy

Today 10:45am

By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.

Extinction
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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.

Extreme weather
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2025 on track to be second or third warmest year on record

Today 10:45am

As it passes its midway point, 2025 is on track to be the second or third warmest year on record. However, it is very unlikely to beat 2024 as the hottest year.

Fishing
More >

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.

Forestry
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Jim Ward, manager of Molesworth station for 24 years, resigned amid frustration with wilding pines and uncertainty about the station’s future.

Wilding pines threaten Molesworth Station

Mon 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.

Gas
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Resources Minister Shane Jones

Last minute change to oil and gas legislation over cleanup costs

Today 10:45am

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.

Geothermal
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Energy Minister Simon Watts addressing the CEP conference in Auckland this week

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.

Green finance
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European Central Bank to consider 'climate factor' when lending to banks

Today 10:45am

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.

Greenhouse Effect
More >
Deepsea brittle star species from New Zealand, part of the Earth Sciences New Zealand's invertebrate collection in Wellington

NZ part of hidden global deep-sea network beneath the waves

Fri 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.

Greenwashing
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Prime Minister Christopher Luxon greets schoolchildren

‘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.

Hydro power
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Methanex closure comes early this year

14 May 2025

The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.

Hydrogen
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Hiringa chief executive Andrew Clennett

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.

Insurance
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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.

Kyoto
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Will NZ walk away from the Paris Agreement?

20 Dec 2024

By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.

Litigation
More >
Newcastle is one of the largest coal export ports in Australis

The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations

Fri 25 Jul 2025

By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.

Low carbon
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Fund for low emissions transport winds up

Today 10:45am

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.

NZ Market Report
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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.

Oceans
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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.

Paris Agreement
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The landmark advisory, which significantly transforms the obligation of states regarding climate change, being delivered at the International Court of Justice in the Hague.

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.

Planetary boundaries
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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”.

Plastics
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‘Total infiltration’: How plastics industry swamped vital global treaty talks

Mon 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.

Policy development
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Media round-up

Fri 25 Jul 2025

In our round-up of the climate coverage in local media: Dairy conversions surge; Gore is hit with a drinking water crisis; meanwhile farming lobby groups Groundswell and Federated Farmers are up in arms about a plan to classify environmental impacts in the agriculture and forestry sector.

Politics
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The EU’s ‘fantasy’ $750B energy promise to Trump

Today 10:45am

The EU has narrowly avoided a full-blown trade war with Donald Trump by pledging to buy $750 billion of U.S. oil and gas by the end of his term. But achieving that will be almost impossible.

Protest
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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.

Rare earth minerals
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New Zealand Minerals Council chief executive Josie Vidal

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.

Renewable energy
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Tilting at windmills? Trump’s claims about turbines fact-checked

Today 10:45am

The US president has taken a swipe at wind power as the blades visible from his Turnberry golf course turn.

Science
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Ocean heatwaves may signal climate tipping point

Fri 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.

Tax
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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’.

Technology
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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.

The House
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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.

Transport
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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.

Waste
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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.

Water
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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.

Wildfires
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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.

Wind energy
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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.

More in: NZ ETS
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