Topics tagged with 'NZ ETS'

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.

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.

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.

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.

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.