Topics tagged with 'NZ ETS'
Government stalls as carbon price hits high
13 Dec 2018
Record carbon prices have failed to convince the Government that the price cap should be lifted immediately.
Permanent forests become permanent fixture
13 Dec 2018
Permanent forests are to come into the Emissions Trading Scheme, but there’s no decision yet on recognising the carbon stored in timber products and whether landowners will be able to average out carbon stored in their forests.
Carbon trading will mean fair trading
13 Dec 2018
Insider trading is to be banned from New Zealand’s carbon market.
Government announces wide ETS changes
12 Dec 2018
A cap on emissions, a system to manage carbon credits supply and prices, the inclusion of permanent forests, and the possibility of a price a price floor are the major changes to the Emissions Trading Scheme just announced by the Government.
ETS changes could see price cap lifted
12 Dec 2018
The next round of changes to the Emissions Trading Scheme to be announced later today could see the $25 price cap lifted.
Government eyes using ETS money to help farmers
12 Dec 2018
Using revenue from the Emissions Trading Scheme to fund carbon sequestration by farmers is one of the options the Government is considering as it opens discussion with other countries on ways of dealing with agricultural greenhouse gas emissions.
Our climate efforts 'highly insufficient'
12 Dec 2018
New Zealand’s efforts on climate change remain “highly insufficient” and consistent with twice the level of warming that scientists say we should not go beyond.
JAMES SHAW: A year of living hopefully
10 Dec 2018
Climate minister James Shaw arrives in Poland today for international climate negotiations. This time last year he was a brand-new minister, just three weeks into the job and announcing on the world stage that New Zealand would be carbon-neutral by 2050.
What state farmer said about green taxes
10 Dec 2018
New Zealand’s largest farmer, State-owned Pamu, has triggered outrage in some circles by telling the Government’s Tax Working Group that it supports some environmental taxes.
We must cut animal numbers, says new report
7 Dec 2018
Another report has confirmed that New Zealand cannot meet its Paris Agreement commitments without reducing the number of farm animals – and says that carbon prices up to $80 a tonne are needed to do it.
NZ will take agriculture lead role at Katowice
4 Dec 2018
New Zealand will lead discussions at international climate talks in Poland on upping emissions reductions from farming.
ClimCom could make methane call, says Treasury
30 Nov 2018
Treasury has suggested the Government delay setting a 2050 emissions reduction target, saying giving the decision to the yet-to-be-established climate commission would allow more time to decide by how much methane emissions should be reduced.
EDITORIAL: New UN report drops a bomb
28 Nov 2018
A report out today saying that global emissions are rising again because of economic growth should be the bomb needed to blast us out of our self-congratulatory complacency.
Blockchain takes politics out of carbon play
15 Nov 2018
Businesses will soon be able to price and trade carbon without the help of governments by using blockchain technology, says a social enterprise about to launch a new carbon platform.
How we'll pay for National's mismanagement
12 Nov 2018
Climate mismanagement under the National government means New Zealand will have to use international carbon credits to meet its emissions reduction targets, says a leading carbon forestry executive.
New RMA will cover effects of climate change
9 Nov 2018
The Government’s overhaul of the Resource Management Act will include the way it deals with climate change.
Treasury likes bonds to reward tree-planting
7 Nov 2018
Environmental impact bonds encouraging the planting of native forests could help to cut New Zealand’s greenhouse gas emissions, Treasury says.
Emissions failure will hurt farmers, says Fonterra
31 Oct 2018
A global failure to cut greenhouse gas emissions will see New Zealand farmers face demands for major production cuts, the world’s largest milk-producer is warning.
Exploration ban sound signal, says forum chair
26 Oct 2018
Changes to the Crown Minerals Act that will see most new oil and gas exploration banned are the type of signals businesses need, says one of the people heading a ground-breaking finance sector project.
Pioneering carbon investment fund opens doors
24 Oct 2018
A carbon investment fund six years in the making is open for business.
We're about to get funds trading in carbon
16 Oct 2018
New Zealand is about to get a managed funds service based on carbon.
Why our monetary system suits Zero Carbon Act
15 Oct 2018
New Zealand’s monetary policy system is a good model for the Zero Carbon Act, says the country’s stock exchange.
IPCC: Reaching 1.5deg is no easy task
8 Oct 2018
Keeping global warming to no more than 1.5deg is possible and sensible, but it will not be easy, the International Panel on Climate Change says.
ETS farming delay could be costly, says EY
2 Oct 2018
Postponing bringing agriculture into the Emissions Trading Scheme risks exposing New Zealand’s economy to a shock, says one of the world’s largest accounting firms.
Ministry likes look of targeted green taxes
26 Sep 2018
The Ministry for the Environment says it likes environmental taxes – especially for dealing with climate change and water problems.
Getting rid of free credits worth $2b, says TWG
21 Sep 2018
Ditching free carbon credits for trade-exposed heavy emitters could generate $2.1 billion a year in revenue, the Tax Working Group says.
New maps will settle forest-planting posers
19 Sep 2018
The thorny question of whether land is eligible for carbon forests could soon be solved – with a map.
Officials wobble under Govt's climate assault
18 Sep 2018
The Government’s heavy climate-change work programme is putting pressure on officials, confidential papers show.
Climate action-man puts new emissions option
14 Sep 2018
The man who got politicians from both sides of Parliament to agree on climate change says there might be a third option for dealing with New Zealand’s greenhouse gas emissions.
Farmers' cost claims wrong, says commission
7 Sep 2018
Claims by the farming sector that cutting agricultural greenhouse gas emissions will cost farmers $230,000 a year by 2050 are wrong, the Productivity Commission says.
Foresters happy, farmers wary of carbon path
5 Sep 2018
Recommendations for what is being called the biggest land-use change in New Zealand’s history are pleasing foresters but not farmers.
PRODCOM 1: Innovation key to our carbon future
4 Sep 2018
Carbon prices of $200 a tonne, the end of fossil-fuels and agriculture subject to carbon pricing are on the cards if the Government picks up a new report.
PRODCOM 2: Market needs special treatment
4 Sep 2018
The carbon market should be managed by a special authority, the Productivity Commission says.
PRODCOM 3: Farmers deserve emissions subsidy
4 Sep 2018
Farmers should be paying for greenhouse gas emissions – albeit at a subsidised rate, the Productivity Commission says.
PRODCOM 5: Where we got it wrong
4 Sep 2018
What went wrong with New Zealand’s Emissions Trading Scheme? The Productivity Commission spells it out in a report released today.
Calls for Government to act as carbon tops $25
31 Aug 2018
New Zealand carbon is trading over the unofficial cap price of $25, prompting new calls for the Government to hedge the country’s looming carbon debt.
Don't rush free-credits' demise, warn exporters
24 Aug 2018
Trade-exposed heavy emitters should keep getting free carbon credits until 70 per cent of their international competitors face a carbon price, says Export New Zealand.
Cheap-credits companies might face crackdown
22 Aug 2018
The Government might crack down on companies using cheap credits to cover their carbon liabilities while banking or selling credits given to them by taxpayers.
High cost of land a blocker, say foresters
17 Aug 2018
The high cost of land means that even at $24 a tonne, New Zealand cannot rely on new forests to meet its 2030 emissions reduction target, the forestry industry says.
Green group hails ETS boost for native forests
17 Aug 2018
The Government’s plan to use the Emissions Trading Scheme to encourage more native forests is a smart move and will help to protect farms, towns and infrastructure from extreme weather events, an environmental organisation says.
Carbon at $24 puts pressure on Government
16 Aug 2018
Carbon prices have smashed through the $24 barrier for the first time in nearly a decade of carbon trading in New Zealand, increasing pressure on the Government to lift the $25 price cap.
Lift carbon cap to $30 immediately, says broker
15 Aug 2018
The Government is being told to take the brakes off the carbon market and immediately lift the maximum price to $30 a tonne.
Farmers want clear carbon price guides
15 Aug 2018
Farmers want to know what range carbon prices will be over five-year periods, the Farm Forestry Association says.
At last, a handy guide to the ETS
15 Aug 2018
Settling down to make a submission on the latest review of the Emissions Trading Scheme and need a hand?
No floor, but expect early action on carbon prices
14 Aug 2018
The Government might intervene in the market to lift carbon prices before 2020, but it has no plan to introduce a price floor.
At last, a new deal on the table for forestry
14 Aug 2018
The Government has finally unveiled its proposals for changing the way forestry is treated under the Emissions Trading Scheme – including a proposal for new permanent forestry provisions.
Heavy hitters bank more from free carbon credits
13 Aug 2018
The phasing out of the one-for-two carbon subsidy saw a big jump in the number of free carbon credits given to heavy industries last year.
New figures show emitters opting for arbitrage
10 Aug 2018
Emitters appear to be starting to arbitrage the Emissions Trading Scheme.
Businesses reluctant to factor in carbon prices
9 Aug 2018
Carbon prices rarely influence businesses’ decisions to install energy-efficient plant, according to a new report examining the market’s failure to drive down greenhouse gas emissions in the energy sector.
Air New Zealand sees benefits in simplified ETS
2 Aug 2018
More native trees would be planted if the Emissions Trading Scheme were simplified, says Air New Zealand.
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.
