Topics tagged with 'NZ ETS'
Greens bend to seek political climate consensus
7 Sep 2015
A strong carbon price, a green investment bank and a climate commission are emerging as the basis of a political consensus on climate change policy – at least on one side of the House.
Australia’s new cap a trading scheme in all but name
7 Sep 2015
The Australian Government has released its final draft for a cap on greenhouse gas emissions. The “safeguard mechanism” will form part of the government’s central climate policy, and will fine large businesses for exceeding emissions baselines.
What really happened with Kyoto ERUs
7 Sep 2015
Emissions trading needs to be backed by ambitious targets, transparent reporting and international accountability if it is to be effective in tackling climate change.
Stranded-assets threat making mark on business
31 Aug 2015
The risk of being left with stranded assets is focusing business attention on climate change, says the organiser of an up-coming business conference in Auckland.
New figures show foresters deserting tree-planting
24 Aug 2015
More of New Zealand’s post-1989 plantation forests are outside the Emissions Trading Scheme than are in it.
Australia's 'weak' emissions targets don't add up
17 Aug 2015
Australia has a huge gap between its projected and target 2030 emissions, an analyst is warning.
'Myopic focus' costing us climate change progress
17 Aug 2015
New Zealand might have reached the limits of its ability to exploit natural resources, the Labour Party says.
Review ETS after Paris, says climate lawyer
17 Aug 2015
The Emissions Trading Scheme review should be pushed off into next year, a climate change lawyer says.
Caygill sets out on new energy mission
3 Aug 2015
Former Finance Minister David Caygill is to chair the BusinessNZ Energy Council – a group of energy companies whose mission is to secure a sustainable energy future for New Zealand.
Treasury maps out our path to a low-carbon enconomy
27 Jul 2015
A strong carbon price, better urban planning, a climate commission and systematic assessment of how government policies affect climate change would help New Zealand’s transition to a low-carbon economy, Treasury says.
One year on from the carbon price experiment, the rebound in emissions is clear
27 Jul 2015
Just over a year ago, Australia concluded a unique public policy experiment. For the preceding two years and two weeks, it had put a price on a range of greenhouse gas emitting activities, most significantly power generation.
'Failed' NZ could be walking into trap at Paris climate summit
13 Jul 2015
New Zealand could be in trouble with its post-2020 emissions reduction target if the world doesn’t allow us to continue to use creative accounting to meet our obligations, international scientists are warning.
Businesses put brakes on climate action, says study
13 Jul 2015
Fewer businesses are taking action on greenhouse gases than two years ago, Waikato University’s latest sustainability report shows.
Foresters see need for big ETS changes
13 Jul 2015
Major changes will need to be made to the Emissions Trading Scheme if New Zealand wants to meet its just-announced post-2020 emissions reduction target.
English off on no-climate-talking tour
13 Jul 2015
Finance Minister Bill English is heading to China – but he has no plans to discuss that country’s moves into carbon trading.
We're still undecided on ETS, says minister
8 Jul 2015
The terms of reference for the review of the Emissions Trading Scheme have not yet been set, says Climate Change Minister Tim Groser.
NZ sets post 2030 target
7 Jul 2015
The Government has just announced the emissions reduction target New Zealand will take to international climate talks in Paris - 30 per cent below 2005 levels by 2030.
Large parcel of NZUs for tender
7 Jul 2015
Two hundred thousand – and potentially a million – spot NZUs have come to the market this morning.
We could still be a carbon leader, says trader
6 Jul 2015
It’s not too late for New Zealand to become an international carbon trading hub, says pioneer carbon trader Nigel Brunel.
WORLD TODAY: New coal plants most urgent threat to the planet, warns OECD head
6 Jul 2015
* Greenhouse gas blamed for climate expulsion driving temperature rises across Pacific nations * China climate pledge inadequate on efficiency, say analysts * UN tells oil giants to stop lobbying against climate deal * UK unveils help for bees with £900m stewardship scheme * Time for pollution pricing to work for the climate * New renewable energy hub launched to boost Scottish firms in Japan
Forget the courts, we must get to the politicians
29 Jun 2015
A court case ordering the Dutch Government to slash greenhouse gas emissions is ground breaking – but unlikely to be replicated in New Zealand.
ETS review remains on slow boil
29 Jun 2015
The Emissions Trading Scheme review is unlikely to start any time soon.
Busy May sees register handle 42m credits
22 Jun 2015
Forty-two million carbon credits changed hands in New Zealand last month, as emitters finalised their 2014 returns.
Business lobby presses for realistic 'carbon pathway'
15 Jun 2015
Buying carbon credits to meet New Zealand’s emissions reduction target is not sustainable, business is warning.
Leadership is what we need, say scientists
8 Jun 2015
New Zealand lacks the leadership to achieve the 40 per cent cut in greenhouse gas emissions it needs to make by 2030, the country’s top scientists are warning.
Drop free carbon credits, says environment chief
8 Jun 2015
The Parliamentary Commissioner for the Environment wants the Government to stop giving free carbon credits to high-intensity trade-exposed emitters, who, she says, could still be paying for just 5 per cent of their emissions by 2050.
Lobby group wants think tank to set emissions target
8 Jun 2015
An environmental lobby group is calling for a cross-sector working group on New Zealand’s post-2020 emissions reduction target.
Treasury tells Government how to cut emissions
2 Jun 2015
Treasury has told the Government that if it wants to reduce greenhouse gas emissions it should introduce a carbon price floor, get rid of the two-for-one provisions or cut the number of free carbon credits it gives to emitters.
Budget holds hint of carbon credit auctions
25 May 2015
The Government is developing the architecture to auction carbon credits.
Why the Government's forestry policies are not working
18 May 2015
Labour Party climate changes spokesperson MEGAN WOODS on why the Government’s forestry policies are failing:
We've got the chance to turn green into gold
11 May 2015
New Zealand could turn “green into gold” by capitalising on emerging clean technologies and showing leadership on climate change.
We’re not there yet, Garnaut tells Australia
11 May 2015
Following the repeal of the carbon tax, the Australian Government has implemented its Direct Action climate policy, centred on the A$2.55 billion Emissions Reduction Fund.
Canberra dragging the chain, says UN climate chief
11 May 2015
Sigmund Freud would have had a field day with the speech by United Nations climate change chief Christiana Figueres to a Melbourne summit on greenhouse emissions reductions. Because what was most interesting was not what she did say, but what she didn’t.
Apparently, we're going to slash thousands of tonnes of emissions by 2020
28 Apr 2015
The Government expects the Emissions Trading Scheme to cut New Zealand’s greenhouse gas emissions by nearly 10,000 kilotonnes in 2020.
We could be heading for a multi-billion-dollar carbon hangover
13 Apr 2015
New Zealand’s “rugby, big cars and beer” culture could leave the country with an annual carbon hangover edging into the billions of dollars.
More cows means double the gas emissions
13 Apr 2015
Greenhouse gas emissions from dairy cows in New Zealand have more than doubled since 1990.
NZ hangs back as countries commit to carbon cuts
7 Apr 2015
Russia did it. The United States did it. All the countries in the European Union have done it, as have Mexico, Norway, Switzerland and Latvia. Even oil-and-mineral-exporting Gabon, population 1.3 million, did it.
Forest experts are wrong, say climate change ministers
30 Mar 2015
The Government is sticking to its guns – forest planting is down because of the cyclical nature of the industry, and not because carbon prices are too low to encourage planting.
We're watching carbon prices, says Government
30 Mar 2015
The Government says it is watching carbon prices creep higher.
Memo Jo: Foresters need a bit more than praise
23 Mar 2015
Forest owners want the Government to put its money where its mouth is on sustainable forestry – and are gathering the numbers to back their case.
Foresters draw up wishlist for ETS review
16 Mar 2015
The Emissions Trading Scheme review is likely to be pushed into next year, forest owners say.
Sellers few and far between
10 Mar 2015
NZUs traded up to $6.20 on $70k yesterday as some emitters started to step into the market and mop up small sellers. OMFinancial reports:
Carbon measure puts us among worst in the world
9 Mar 2015
New Zealand’s carbon intensity is going through the roof, despite Government claims to the contrary.
Beehive breaking our climate change pledge
9 Mar 2015
Latest figures show that New Zealand is not planting enough trees to meet its climate change pledges, and a carbon forestry expert says that the Government is to blame.
Let's cut emissions, not worry about how
2 Mar 2015
Australia had an emissions trading scheme with a fixed price; it was one good way to encourage carbon cuts throughout the economy.
ETS nothing but 'words, fishhooks and traps,' says Palmer
23 Feb 2015
New Zealand’s Emissions Trading Scheme legislation is so full of “words, fishhooks and traps” that giving sound legal advice on it to businesses is almost impossible, says one of our leading legal minds.
New Zealand’s defective law on climate change, by Sir Geoffrey Palmer
23 Feb 2015
Distinguished law fellow Sir Geoffrey Palmer, QC, has been at or near the heart of our attempts to tackled climate change for nearly three decades.
Australia readies for first emissions auction
16 Feb 2015
Australia’s first Emissions Reduction Fund auction will be in April – a month later than the market expected.
EU edges toward 2018 start date for carbon reform
16 Feb 2015
European Union politicians are expected to agree on a compromise 2018 start date for reforms to the Emissions Trading System to try to bridge divisions over efforts to prop up the world's biggest carbon market.
Climate progress slowing, says Auckland councillor
Thu 5 Jun 2025
By Shannon Morris-Williams | The devastating cyclone that tore through Tāmaki Makaurau in 2023 left behind more than just broken infrastructure, sparking calls to focus on facts over ideology in the fight against climate change.
Fed Farmers launches campaign against carbon forestry
Fri 6 Jun 2025
By Liz Kivi | Federated Farmers has launched what they are calling the ‘Save Our Sheep’ campaign, blaming carbon forestry for declining sheep numbers and calling on the government to urgently review the Emissions Trading Scheme.
Greenwashing is rife in Australia, but could its days be numbered?
28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Help sustainable aviation fuels take off or delay targets, airlines warn EU
20 May 2025
Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.
Microplastics found in sand on dozens of NZ beaches
Wed 4 Jun 2025
Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.
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.
Govt mulls status quo for ETS auction settings
29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
Global energy investment set to hit record $3.3 trillion in 2025, IEA says
Fri 6 Jun 2025
A surge in clean energy spending is expected to drive a record $3.3 trillion in global energy investment in 2025, despite economic uncertainty and geopolitical tensions, the International Energy Agency said on Thursday.
Carbon price too low to fund carbon capture
20 May 2025
The government’s climate target to 2030 is at risk, after revelations that a carbon capture project which the government was relying on to deliver one third of its carbon reductions, might not go ahead.
Fight over coal mine heats up
30 May 2025
Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Common low-grade clay strengthens low-carbon concrete
Thu 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.
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.
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.
Gas supply reducing faster than forecast
Thu 5 Jun 2025
By Liz Kivi | Gas reserves have reduced 27% as of 1 January 2025 compared to last year, according to data released today by the Ministry of Business, Innovation and Employment.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Extreme ocean warming engulfed South-West Pacific in 2024
Fri 6 Jun 2025
By Shannon Morris-Williams | Unprecedented ocean warming engulfed the South-West Pacific in 2024, with extreme heat and rainfall causing deadly and devastating impacts and sea level rise threatening entire islands.
Oceans Commission must have teeth – minister
14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Biochar's negative emissions tech coming to Fieldays
Fri 6 Jun 2025
Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.
Vanuatu criticises Australia for extending gas project while making COP31 bid
Wed 4 Jun 2025
Vanuatu’s climate minister has expressed disappointment over Australia’s decision to extend one of the world’s biggest liquefied natural gas projects and said it raises questions over its bid to co-host the COP31 summit with Pacific nations.
Hotter and deeper: how NZ’s plan to drill for ‘supercritical’ geothermal energy holds promise and risk
2 Apr 2025
By David Dempsey, University of Canterbury | New Zealand’s North Island features a number of geothermal systems, several of which are used to generate some 1,000 MegaWatts of electricity. But deeper down there may be even more potential.
Electrification challenge for politicians, regulators
27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
How the little-known ‘dark roof’ lobby may be making US cities hotter
Fri 6 Jun 2025
As cities heat up, reflective roofs could lower energy bills and help the climate. But dark-roofing manufacturers are waging a quiet campaign to block new rules.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
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.
What happened to the hydrogen economy?
Tue 3 Jun 2025
The hydrogen car that was supposed to carry us into a cleaner future is still not in the driveway. In fact, outside of a few test markets, it’s not in anyone’s driveway.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
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.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
30 May 2025
By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
Carbon News launches price index
24 Jun 2024
Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.
Govt's RMA overhaul sparks fears for nature and climate
30 May 2025
By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.
Top ocean experts sound the alarm over growing marine crisis due to climate change
Fri 6 Jun 2025
On the opening day of a global science conference, French fishery scientist Clea Abello presented research showing that marine protected areas could protect commercially valuable fisheries.
Tech alone won’t save us, warns climate expert
Wed 4 Jun 2025
By Shannon Morris-Williams | Technology alone won't be enough to reach net zero emissions, environmental psychologist Lorraine Whitmarsh told the Carbon and Energy Professionals conference in Auckland last week.
New research reveals NZ’s natural resource footprint
29 May 2025
Media release | New research from the office of the Parliamentary Commissioner for the Environment reveals that about 107 million tonnes of natural resources were required to produce the goods and services consumed by New Zealanders in 2019 – approximately 21 tonnes per person on average.
NZ's first chance in 20 years to catch up on waste
30 May 2025
Media release | The government has announced proposals for updating the Waste Minimisation Act and the Litter Act. For the first time in nearly 20 years, Kiwis have a chance to catch up with other countries to reduce our waste and litter.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
Thu 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.
Dismissals 'massive win' for climate movement
13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
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.
UK’s solar power surges 42% after sunniest spring on record
Fri 6 Jun 2025
The UK’s solar farms and rooftops generated more electricity than ever before in the first five months of 2025, as the country enjoyed its sunniest spring on record.
Green budget 'ludicrous la-la land' – govt
15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
US: Clean energy project cancellations top $14 Billion so far in 2025
Wed 4 Jun 2025
Businesses have pulled the plug on big projects amid Trump’s retreat on climate action. But plenty remain in the pipeline, awaiting a Congressional decision on tax credits.
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.
“It’s not the car – it’s how we move” – EECA
Tue 3 Jun 2025
By Shannon Morris-Williams| New Zealand’s transport emissions conversation has focused heavily on electric vehicles – but Richard Briggs, group manager, delivery and partnerships at the Energy Efficiency and Conservation Authority, says we’re asking the wrong question.
Europe’s next climate target may already have been agreed in Berlin
28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
Water crisis on the horizon?
26 May 2025
Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.
Tropical forest loss hit new heights in 2024; fire a major driver in Latin America
23 May 2025
Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.
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.
