Topics tagged with 'NZ ETS'
NZUs bubble at $4.30
24 Nov 2014
We continue to bubble around $4.3,5 with not much pushing it either way at present. OMFinancial reports:
NZ market lacklustre - for now
11 Nov 2014
NZUs were unchanged yesterday, and the market was completely lacklustre. OMFinancial reports:
Our emissions plan hopeless, says renowned academic
3 Nov 2014
New Zealand has no chance of meeting its 2020 emissions reduction target under current policies, says a leading scientist involved in the latest IPCC report.
At last, there's a glimpse of an ETS in Australia
3 Nov 2014
With the passage of the Emissions Reduction Fund through the Senate last week, Australia's federal government has taken a step toward achieving the country's minimum target to reduce greenhouse gas emissions to 5 per cent below 2000 levels by 2020.
Emissions register has a new look
28 Oct 2014
The Environmental Protection Authority is making the national emissions register more user-friendly.
Anxious foresters await review of foreign credits ban
13 Oct 2014
A controversial decision to make foresters the only emitters banned from using cheap foreign carbon credits to offset their greenhouse gas emissions is under review.
VOILA! A simple new way to put a price on global carbon
13 Oct 2014
A team of French academics has proposed an international carbon trading system, whereby countries with the highest average CO2 emissions pay the most.
MIA ... but it doesn't mean China's not interested
29 Sep 2014
There were a few notable absentees among the more than 120 world leaders gathered in New York for last week's United Nations Climate Summit - and perhaps most notable of all was the head of the world’s highest-emitting nation, China’s President Xi Jinping.
Do something, big business warns political leaders
29 Sep 2014
Many of the biggest hitters in the global financial community, together managing an eye-watering $24 trillion of investment funds, have issued a powerful warning to political leaders about the risks of failing to establish clear policy on reducing greenhouse gas emissions.
New market pact keeps Australians on the ball
29 Sep 2014
Australian businesses wanting to keep up to date with the international carbon market during their country’s retreat from carbon pricing have formed a new regional agreement.
Clear skies for aviation industry, says Boeing report
29 Sep 2014
The business outlook for civil aviation is bright thanks mainly to rising Asian demand for aircraft. But airlines are expected to have a harder time, with tougher competition in Europe leading to a consolidation of the sector, according to the latest industry forecast.
China goes up a gear but still has a lot of work to do
22 Sep 2014
In the lead-up to the UN leaders’ summit on climate change (http://www.un.org/climatechange/summit), China is shifting up a gear in its drive towardsnational emissions trading.
It's simple ... either you believe, or you don't
16 Sep 2014
By editor ADELIA HALLETT.- Voters in this weekend’s general election face a simple choice when it comes to climate change – you either believe it is a real and massive problem requiring transformation of the economy, or you don’t.
NZ needs to be in China now, says carbon trader
8 Sep 2014
New Zealand should be knocking on China’s door now if it wants to exploit huge potential from that country’s apparent determination to put a national emissions trading scheme in place in 2016, says a leading local carbon trader.
We've got the world's lowest carbon prices
8 Sep 2014
New Zealand has the lowest carbon prices in the world, the World Bank says.
Worried carmakers force Korea ETS changes
8 Sep 2014
Korea’s booming car industry appears to have won over the government in the country’s latest road map for emissions reduction.
Labour vows to scrap emitters' one-for-two deal
1 Sep 2014
The one-for-two deal that halves emitters’ carbon liabilities would be scrapped by a Labour government.
Forest owners welcome return of grant scheme
1 Sep 2014
Forest owners are welcoming the reinstatement of the Afforestation Grant Scheme – but say that lifting carbon prices would reverse deforestation overnight.
Foresters like look of climate commission
1 Sep 2014
Forest owners like the Labour Party's plan to set up an independent climate commission.
Aviation a microcosm of the emissions problem
1 Sep 2014
No matter what the aviation industry does to reduce emissions, it will be outweighed by growth in air travel, according to a new analysis.
Labour vows to act on agriculture by 2016
25 Aug 2014
There is bad news for farmers, and good and bad news for industrial emitters under Labour’s climate change policy, released yesterday.
European carbon prices look set to rise
25 Aug 2014
An international energy market watcher is predicting price rises in European carbon.
Experts pinpoint what emissions cost economy
18 Aug 2014
For the first time, economists have put a financial cost on the impact of greenhouse gases released by the industrialisation of developed countries.
The climate change world according to Piketty
18 Aug 2014
French economist widely debated Thomas Piketty and his book Capital in the Twenty-First Century are a global publishing phenomenon. But while Piketty’s writing on wealth inequality has been widely debated, far fewer people know that he has some useful things to say about climate change and public capital.
Greens have a tempting carbon tax idea
11 Aug 2014
A carbon price is still the best and fairest way to achieve emissions cuts, but as Australia and New Zealand show, it’s not easy to get it right. How could carbon pricing be improved?
NZ gifts Rio Tinto $6m free carbon credits bonus
4 Aug 2014
The company that threatened to leave New Zealand if it introduced the Emissions Trading Scheme has had a $6 million windfall from taxpayers in the form of free carbon credits.
Frustrated forest owners quit trading scheme
4 Aug 2014
More than 750 owners of post-1989 forests left the Emissions Trading Scheme over the past year as New Zealand’s net forestation rate plummeted.
Low surrender shows emitters using foreign units
4 Aug 2014
Just 0.5 per cent of the more than 45 million carbon units surrender for the 2013 emissions year were our home-grown units.
Economist rubbishes Govt's $500 power cost claim
4 Aug 2014
Government claims that lifting carbon prices would cost householders $500 more a year in electricity bills have been debunked.
Foreign foresters might sue over ETS changes
1 Aug 2014
New Zealand might face claims under free-trade agreements for losses caused as a result of changes to the Emissions Trading Scheme.
Shorten pleads for G20 to talk climate crisis
25 Jul 2014
Australian Opposition leader Bill Shorten has taken his battle with Prime Minister Tony Abbott over climate policy to an international stage, saying the issue should be a priority for the G20 leaders' meeting in Brisbane.
Europe lacks courage on energy targets
25 Jul 2014
In proposing a 30 per cent rather than a 40 per cent energy demand reduction target, the European Commission is increasing the risks that European Union member states face from fossil-fuel dependence and slowing the economic and social benefits of better insulated homes and lower energy bills.
Quiet end to week
25 Jul 2014
The week ended quietly, with the overall market unchanged. OMFinancial reports:
It's all eyes on the election
25 Jul 2014
New Zealand has had a quiet week, with the market slowly softening as volumes come to market in small parcels, says Westpac's carbon desk.
Carbon tax repeal could leave businesses marooned
18 Jul 2014
In the short term, the repeal of Australia's carbon tax, passed in the Senate yesterday, may provide some relief for businesses and households as electricity bills fall — although possibly not as much as official estimates.
Study shows Australian emissions cuts were working
18 Jul 2014
Carbon emissions in Australia’s national electricity market would have been 11 to 17 million tonnes higher if Australia had not introduced a carbon price.
ETS pay-off puts millions into climate projects
18 Jul 2014
The sale of carbon credits for the first time will finance projects that help to tackle climate change.
Billions in money pot could unlock clean energy deal
11 Jul 2014
Europe’s structural funding cash pool for energy efficiency and renewables projects has soared by 40 per cent to an estimated $NZ46 billion and could be used to broker a 2030 clean energy targets deal with cost-concerned east European states, EurActiv reports.
Australian farmers led astray on carbon farming
11 Jul 2014
Australian farmers and rural land owners are being told that they will be given powerful and direct incentives to store carbon in the land under the federal government’s new climate policy.
NORMAN: The longer we wait the more it will cost
11 Jul 2014
By RUSSEL NORMAN, Green Party co-leader.- Thanks to Federated Farmers’ incoming president William Rolleston for taking the time to write about the Green Party’s Climate Tax Cut in last week’s Carbon News.
Why carbon tax proposal won't work
4 Jul 2014
Newly elected Federated Farmers' president Dr William Rolleston explains why he thinks the Green Party's carbon tax proposal is not a runner:
Foresters leave scheme
27 Jun 2014
Forty-seven participants left the Emissions Trading Scheme over the past year.
Millionaire miner rocks Canberra carbon camp
27 Jun 2014
Australia’s emissions trading scheme is on again. Maybe.
No worries, says Bridges, the world loves us
27 Jun 2014
Associate Climate Change Minister Simon Bridges says New Zealand’s is respected internationally for its action on climate change.
Carbon tax won't fix troubled ETS, says report
27 Jun 2014
New Zealand's emissions price beacon is "obscured in the fog of policy uncertainty", but dumping it in favour of a carbon tax isn't the only way to fix it, say Motu Research's Catherine Leining and Suzi Kerr.
Australian Senate likely to pass carbon tax repeal
27 Jun 2014
The bill to repeal Australia’s carbon tax is poised to pass the Senate, potentially leaving Australia without a working price on carbon.
Market watchdog welcomes Palmer move
27 Jun 2014
An international carbon market watchdog is welcoming Australian politician Clive Palmer's shift on climate change.
Carbon tax call is all about playing politics
20 Jun 2014
By CHARLES ETHERINGTON, Warren Forestry Ltd.- The Greens are giving the impression of being ahead on the topic of a carbon tax versus the Emissions Trading Scheme, but, as usual, they are actually behind and just playing politics.
Abbott climate call gets cool reception here
13 Jun 2014
New Zealand appears unenthusiastic about our Tasman neighbour’s plans to form a conservative alliance on climate change.
Media round-up
Fri 26 Jun 2026
In our round-up of climate coverage in local media: the UK Government is questioning whether New Zealand's oil and gas investment breaches its free trade deal; the Infrastructure Commission warns the government to slow down its LNG plans; and Shane Jones has a grim visitor outside the Environmental Defence Society's conference.
French farmers suffer arid crops, heat-stricken animals
Fri 26 Jun 2026
France's current heatwave is taking a toll on farmers, who are seeing livestock die and are racing against time to harvest cereals without sparking fires in the tinder-dry crops.
$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.
'Not enough': Pressure mounts to scrap conservation bill despite Potaka retreat
Fri 26 Jun 2026
By Shannon Morris-Williams | Conservation Minister Tama Potaka's walkback of a proposal to allow the sale of public conservation land has failed to quell opposition, with environmental groups and the Green Party saying the Conservation Amendment Bill should be scrapped entirely.
'Stored solar': Bioenergy Association touts cost benefits of biomass boilers over gas
Wed 24 Jun 2026
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.
Scrutiny week reveals unresolved trade-offs
Wed 24 Jun 2026
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.
It’s too hot in Europe – again
Fri 26 Jun 2026
Europeans are experiencing their second heat wave this summer. One climate scientist called the weather event a “sad inevitability.”
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.
China's coal power on the rise again in 2026, reversing first-in-a-decade decline
Thu 25 Jun 2026
China's coal-fired power generation is set to rebound this year from its first fall in a decade, analysts said, due to the impact of El Nino and the Iran war and as renewable sources of energy have failed to keep pace with demand.
Looking behind the headline costs of offshore mitigation
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.
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
Wed 24 Jun 2026
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.
Lake Onslow pumped hydro consortium secures funding for consent push
Fri 26 Jun 2026
By Oli Lewis | The consortium behind Lake Onslow pumped hydro has secured funding to finalise its resource consent application, aiming to lodge it under the fast-track process before 2027.
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.
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
Wed 24 Jun 2026
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.
Commissioner ‘unconvinced’ LNG is the best dry-year solution
Fri 26 Jun 2026
By Liz Kivi | The Parliamentary Commissioner for the Environment has told the Energy Minister he is “unconvinced” the government’s proposed LNG import terminal is the best ‘dry year’ solution for the country, and criticised the Government’s “extremely limited” options analysis.
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.
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
Wed 24 Jun 2026
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.
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.
$75k up for grabs for climate resilience and inclusion projects
Thu 25 Jun 2026
Community organisations and charities working to strengthen climate resilience and social inclusion can apply for a share of $75,000 through the QBE Foundation's 2026 Local Grants.
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.
Verra reinstates Kenya carbon project despite ongoing court case
Thu 25 Jun 2026
The Northern Kenya Grassland Carbon project is “the world’s largest soil carbon removal project” according the organisation running the project. It is also one of the most controversial carbon projects anywhere in the world.
Canadian firm seeks Crown co-investment for Genesis-supported gas storage project
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.
National promises low-cost solar loans for households
Thu 25 Jun 2026
By Oli Lewis | The National Party is promising a Home Energy Fund to accelerate the roll-out of household solar, batteries, insulation and other energy resilience measures if it is re-elected this year.
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.
UN chief says fossil fuel industry must cut methane for warming “relief”
Thu 25 Jun 2026
UN chief António Guterres called for stronger action to cut emissions of planet-heating methane, taking aim at the fossil fuel industry’s practices and profits, and pointing to coal, oil and gas as the root of today’s climate and energy crises.
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.
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.
Labour won't scrap RMA replacement laws: Hipkins
Fri 26 Jun 2026
By Shannon Morris-Williams | Labour Party leader Chris Hipkins says New Zealand needs to move beyond the "repeal and replace" approach to resource management, confirming the party would amend rather than scrap the Government's RMA reforms, if elected.
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.
Lessons from Australia: Climate Change Authority chair cites rapid roll-out of household solar, batteries
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.
The merchants of doubt are coming for extreme event attribution science
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.
Media round-up
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.
‘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
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.
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.
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.
