Topics tagged with 'NZ ETS'
Reluctant PM fends off $600m iwi ultimatum
7 Mar 2014
The Prime Minister says he accepts that 50,000 new jobs would be created by Maori following through on a promise to plant one million hectares of new forest if the Government lifts carbon prices.
Government says no to national forest policy
7 Mar 2014
The Government is refusing to adopt a national forestry policy, despite relying on tree planting to meet international greenhouse gas emissions reductions obligations.
Beehive stays silent on NZUs auctions
7 Mar 2014
The Government still won’t confirm that it will not auction NZUs.
Carbon credit trading close to 12 million
7 Mar 2014
Nearly 12 million carbon credits were traded on the domestic carbon market last month.
NZUs down to $3, but European carbon about to soar
5 Mar 2014
NZUs touched $3.05 yesterday on decent volume, and closed at $3.05/$3.10 on CommTrade. OMFinancial reports:
Government knows how we can be carbon-neutral
28 Feb 2014
Planting just over half of New Zealand’s marginal land in forest would make the country carbon-neutral – and the Government knows it.
New ETS move aims to make clear origin of NZUs
28 Feb 2014
From April buyers will know whether the NZUs they are buying come from carbon sequestration or are free units given to emitters by taxpayers.
Credibility key selling point for green economy
28 Feb 2014
The idea of the “green economy goes in and out of fashion, not least because it is rarely defined and frequently misunderstood, writes PAUL EKINS, Professor of Resource and Environmental Policy, University College, London.
Big emitters cash in on free carbon credits
21 Feb 2014
A loophole allowing heavy industrial emitters to coin it at the expense of taxpayers by selling free carbon credits is likely to be closed under a Labour-Greens government.
Iwi ultimatum earns support of political parties
21 Feb 2014
Iwi threatening to take a claim to the Waitangi Tribunal over carbon prices have the support of at least two major political parties.
Turmoil across the Tasman will be felt here
21 Feb 2014
By WAYNE KING. Australia’s media is drip-feeding news and commentary on the economic downturn in Australia - particularly in energy developments, the political turmoil revolving around the current Renewable Energy Target and the current policies related to a price on carbon, through the Carbon Price Mechanism and other initiatives.
Iwi forest plan key to processing boom
14 Feb 2014
A proposal by iwi to plant a million hectares of new forest over 10 years could provide the economies of scale needed to kick the New Zealand industry into large-scale processing.
Pine nurseries got it wrong, says Groser
14 Feb 2014
The destruction of hundreds of thousands of tree seedlings is part of a “market correction” and not due to a dysfunctional Emissions Trading Scheme, the Government says.
Land-use change still attractive
14 Feb 2014
We saw another small rise in NZUs yesterday, up to $3.30. OMFinancial reports:
Angry Maori table $600,000 carbon ultimatum
7 Feb 2014
Maori say they will lodge a $600 million Treaty of Waitangi claim if the Government doesn’t move fast to shore up carbon prices.
Major powerco sets pace for fall in emissions
31 Jan 2014
New Zealand's greenhouse-gas emissions from energy have fallen on the back of a massive cut from our single largest emitter.
This year's post-89 units about to come to market
29 Jan 2014
Yesterday we saw some selling in spot NZUs; prices traded between $3.40 and $3.45. OMFinancial reports:
More forest owners decide to leave ETS
24 Jan 2014
The number of post-1989 forest owners quitting the Emissions Trading Scheme quadrupled last year on the back of cheap carbon prices.
Change ahead, so business needs to get smart
24 Jan 2014
Smart companies will have clear strategic objectives and flexible tactical responses to deal with on-going disruptive change likely to be caused by carbon policy this year, Westpac’s international carbon desk says.
EU wants to see cut of 40% in gas emissions
24 Jan 2014
A reduction in greenhouse gas emissions by 40 per cent below the 1990 level, an EU-wide binding target for renewable energy of at least 27 per cent, renewed ambitions for energy efficiency policies, a new governance system and a set of new indicators to ensure a competitive and secure energy system.
ETS dysfunctional, says forestry academic
20 Dec 2013
Deforesation and a lack of new planting means New Zealand is unlikely to meet its 2030 emissions reduction target, a forestry expert is warning.
Govt sitting on millions worth of Kyoto units
13 Dec 2013
The Government is sitting on millions of Kyoto units which could reduce the cost of the country's carbon liability.
Errors in forest returns could be costly, says expert
13 Dec 2013
Many forest owners could run into costly penalties for innocent mistakes in their carbon returns, a consultant is warning.
Move on carbon units worries foresters
13 Dec 2013
Last week's Government announcement on the future of carbon units after 2015 does nothing to stimulate action to reduce the nation’s net greenhouse gas emissions, says the Forest Owners’ Association.
Restrictions on CERs and ERUs
6 Dec 2013
The use of international Kyoto credits in the New Zealand Emissions Trading Scheme is to be restricted.
NZ keeps eye on Chinese carbon market muscle
6 Dec 2013
The launch this week of the world’s second-largest carbon market, in the Chinese industrial powerhouse province of Guangdong, will have little direct impact on the New Zealand market, a leading trader says.
Melbourne expo might give us some answers
22 Nov 2013
Businesses looking for a steer on how Australia’s Emissions Reduction Fund scheme will work could find it at the Carbon Expo Australasia next month.
What's going on in world carbon markets
22 Nov 2013
The Carbon Reduction Fund in Australia, backloading in Europe, markets linking in North America and the first carbon auction in China ... Westpac's carbon desk reviews the international carbon markets:
How Australia deals with carbon and electricity
22 Nov 2013
Westpac's head of electricity trading, CONNELL BURKE, explains the links between carbon and electricity in the Australian market:
Government plays loose with ETS facts
15 Nov 2013
The Government is claiming credit for climate change policies – including the Emissions Trading Scheme - introduced by its predecessor.
Buyers get interested
15 Nov 2013
The local market was sold down yesterday starting off at $3.25 and hitting $3.10 before closing $3.15 bid. OMFinacial reports:
Buy, bank, and hold....
13 Nov 2013
Despite the market having peeled off from the high $4s to the low $3s, we are not bearish. OMFinancial reports:
Hope from Europe
11 Nov 2013
The NZU market finished the week on a subdued note, as selling interest dries up for now. OMFinancial reports:
Dunedin takes serious look at carbon footprint
8 Nov 2013
Dunedin City Council is one of the first local authorities in the country to measure its carbon footprint against the global greenhouse gas standard, ISO 14064-1:2006.
Choppy market in Europe
5 Nov 2013
The market was very quiet yesterday, with very little interest from both the buy side and the sell side of the market to cross the spread. OMFinancial reports:
Papers reveal Treasury push for zero GHG target
25 Oct 2013
Treasury wanted New Zealand to adopt a greenhouse gas emissions reduction target of zero per cent below 1990 levels.
Our GHG emissions on the way up ... not down
25 Oct 2013
New Zealand’s greenhouse gas emissions are on track to rise by 2020, not fall as the Government has pledged.
Parties stay quiet on 2015 carbon auctions
25 Oct 2013
A new government might not auction carbon units in 2015.
Abbott wants ideas for emissions scheme
25 Oct 2013
Australia’s new Government is calling for submissions on how to design a scheme to replace the carbon tax and emissions trading scheme.
Greens quiz minister on emissions reduction
25 Oct 2013
News that New Zealand's greenhouse gas emissions are expected to grow by more than a third by 2040 prompted questions in Parliament this week, as Green Party climate change spokesman Dr Kennedy Graham sought to pin the Government down on just how it planned to reach its emissions reduction targets.
Nonchalant buyers and disinterested sellers
23 Oct 2013
History doesn’t repeat, it rhymes - and that probably sums up the NZU market at present, OMFinancial reports.
NZ turns away Australian carbon units
18 Oct 2013
More than two million Australian Carbon Credit Units (ACCUs) issued under that country’s Carbon Farming Initiative will not be eligible for surrender in New Zealand.
WORLD WEB ... news from the world of carbon
18 Oct 2013
Polluters eye $4b, airlines emissions charges, China carbon pricing, climate all at sea, worms are heroes, bye-bye Oracle, Quakers talk tough.
Large sellers absent from market
14 Oct 2013
NZUs finished closed at $4.25 on CommTrade on Friday, OMFinancial reports.
Labour again trying for foreign units limit
11 Oct 2013
Labour is having another go at limiting the number of foreign carbon units emitters can surrender under the New Zealand Emissions Trading Scheme.
Obama's coal power call tougher than ours
11 Oct 2013
Emissions controls on new thermal power plants in the United States would not be met by most New Zealand plants.
International update
11 Oct 2013
Westpac's carbon analysts cast their eyes across the international carbon markets.
Govt still silent on auctioning credits
4 Oct 2013
The Government says it has made no decisions yet on the auctioning of carbon credits.
WEB WIRE ... news from the world of carbon
4 Oct 2013
IPCC report, fraud charges, farming key, Kiribati worried, European ETS, climate-think, water bills ...
Ardern: 'We must not give up on 1.5'
Today 11:30am
By Shannon Morris-Williams | Former prime minister Dame Jacinda Ardern says the world must not abandon the Paris Agreement’s 1.5°C goal, warning that a decade on from COP21 “too many of the debates we thought were settled are still being had.”
'Little to be hopeful about' – NZ scientists caution ahead of COP30
Today 11:30am
By Shannon Morris-Williams | Record heat, worsening climate impacts and global backsliding on emission reduction commitments have left some New Zealand climate experts with little optimism as COP30 approaches.
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
Celebrities slam mining plans
Tue 28 Oct 2025
Actor Sam Neill has slammed plans for a gold mine in Otago, while Denniston Rose author Jenny Pattrick is backing a petition that would stop a coalmine on the West Coast.
Govt launches strategy backing wood-based heat sector
23 Oct 2025
By Pattrick Smellie | Forestry biomass could replace as much as 40% of fossil fuel-generated process heat by 2050, but access to supply, regulatory settings and business cases for converting to wood-based heat sources are required, the Government says in a series of documents released yesterday.
Taxonomy seen as key to shaping NZ’s voluntary nature credit market
Thu 30 Oct 2025
By Shannon Morris-Williams | Experts say aligning the New Zealand Sustainable Finance Taxonomy with the development of voluntary nature credit markets could strengthen credibility, streamline investment, and support high-integrity environmental outcomes.
Experts say Bill Gates is not a friend to the planet, following recent call to change focus on climate
Today 11:30am
Ahead of COP30, Gates calls for a shift in focus away from near-term emissions goals. Experts say that’s dangerously misguided.
‘Plain old dull’: NZU market continues to limp sideways
24 Oct 2025
By Liz Kivi | The NZU market has been “plain old dull” in recent months, with activity driven mainly by credit opportunities or a specific need to raise cash, according to Lizzie Chambers of trading platform Carbon Match.
Genesis doubles down on Huntly as renewables ramp up
24 Oct 2025
Genesis Energy is doubling down on Huntly’s role as New Zealand’s energy backstop while accelerating one of the country’s largest pipelines of new renewable generation.
The merchants of doubt are back
3 Sep 2025
OPINION: If you don’t follow climate policy closely, you might not know that the Trump administration is launching an effort to overturn one of the most fundamental pillars of American climate policy.
$235 billion worth of NZ buildings exposed to flooding
Thu 30 Oct 2025
More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.
Carbon Finance Program upscales efforts to close climate investment gap in climate vulnerable nations
22 Oct 2025
Media release | The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) will work with the Voluntary Carbon Markets Integrity Initiative (VCMI) to upscale the Carbon Finance Program in reach and impact, supporting more climate-vulnerable countries to host high-integrity carbon projects that yield tangible climate, nature, and sustainable development benefits.
All carrot, no stick for farmers on methane
17 Oct 2025
By Pattrick Smellie | COMMENT: The abandonment of methane emissions pricing and the adoption of a weaker target is effectively the last nail in the coffin of the historic cross-parliamentary consensus embedded in the Zero Carbon Act 2019.
Lake Onslow battery project set for revival?
Wed 29 Oct 2025
A newly formed private consortium has emerged with plans to finance and build the massive Lake Onslow pumped-hydro project, despite the coalition government’s decision to abandon the scheme.
From nuisance to crisis: New report on pest wasps In Aotearoa
24 Sep 2025
Media release: Moths and Butterflies NZ Trust | Just published is the Final Report of the Pest Wasps Survey carried out by the Moths and Butterflies of NZ Trust (MBNZT) offering a comprehensive look at New Zealanders’ awareness, experiences, and attitudes toward wasps and the growing ecological, health, and social issues associated with them.
Media round-up
Today 11:30am
In our round-up of climate coverage in local media: A controversial seabed mining project could lead to sediment flows knocking over rigs and damaging wind turbines; weather-related insurance claims climb; and is the government playing Russian Roulette with our future over methane targets?
NZ marine heatwaves could double in intensity under high-emissions pathway
16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
Foresta welcomes Government support for Kawerau plant
Thu 30 Oct 2025
By Diane McCarthy, Local Democracy Reporter | A $9 million Government boost to wood energy production has been welcomed by a company with its sights set on building a torrefied wood pellet plant in Kawerau.
Oil firm TotalEnergies made misleading green statements, court rules
Tue 28 Oct 2025
A French oil company engaged in “misleading commercial practices” about the scope of its environmental commitments, a court has ruled.
RMA to speed up fossil fuel consents
18 Aug 2025
By Liz Kivi | An energy lobby group has welcomed a last-minute amendment to the RMA that puts fossil fuels on the same footing as renewables, however a sustainable energy expert says the move “beggars belief.”
Developing countries will need US$310 billion annually for climate adaptation by 2035
Today 11:30am
Media release - UN Environment Programme: Slow climate adaptation is threatening lives and economies.
No major banks have yet committed to stop funding new oil, gas and coal, research finds
24 Oct 2025
‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers.
Look out for these 8 big ag greenwashing terms at COP30
Tue 28 Oct 2025
Food and farming companies will claim agriculture is the solution to the climate crisis at the Brazil summit — even though food drives a third of global warming.
Coal imports up 650%
12 Sep 2025
By Shannon Morris-Williams and Liz Kivi | Coal imports are up 650% as generators stockpile the most polluting fossil fuel ahead of next winter.
Hiringa eyes green methanol plant near Whanganui
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.
Vero warns losses to rise 26% by 2050 over extreme weather
Wed 29 Oct 2025
By Shannon Morris-Williams | Extreme weather could drive a 19–26% spike in annual insurance losses by 2050, fuelled by rising seas and more intense flooding, according to Vero’s latest Climate-Related Disclosures Report.
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.
Judge says Greenpeace must pay $345 million in pipeline lawsuit, cutting jury amount nearly in half
Today 11:30am
A North Dakota judge has ordered Greenpeace to pay damages of $345 million, reducing an earlier jury award after it found the environmental group and related entities liable for defamation and other claims in connection with protests of an oil pipeline nearly a decade ago.
Nelson commuters urged to ditch car once a week
22 Oct 2025
By Max Frethey, Local Democracy Reporter | Nelson has a bold carbon emission reduction target and residents are being encouraged to leave the car at home one day a week to help meet it.
Global oil demand won't peak until 2032, Wood Mackenzie report says
Today 11:30am
“Global oil demand will not peak until 2032, two years later than earlier thought, consultancy Wood Mackenzie said in a report on Wednesday that blames continued momentum in the use of hydrocarbons for transport and petrochemicals.”
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.
Climate impacts hit NZ with increasing wild weather
23 Oct 2025
By Liz Kivi | New Zealand is facing a triple whammy of climate impacts today, with severe winds and rainfall predicted for much of the country while some areas are still dealing with wildfires ignited earlier in the week.
‘Weird and sad’ – Tuvalu Climate Minister condemns NZ halving methane target
15 Oct 2025
By Liz Kivi | Dr Maina Talia, Tuvalu’s Minister for Home Affairs, Climate Change, and Environment, says he’s surprised at New Zealand’s decision to weaken its target for reducing methane emissions – and is planning to take up the issue with his counterpart Climate Minister Simon Watts this week.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
FMA grants temporary 'no action' relief for for firms set to exit climate reporting regime
Wed 29 Oct 2025
The Financial Markets Authority has announced it won't take action against companies expecting to fall out of mandatory climate reporting obligations, if they fail to lodge climate statements while the law changes are pending.
Judge dismisses suit by young climate activists against Trump’s pro-fossil fuel policies
17 Oct 2025
Plaintiffs had ‘overwhelming evidence’ of climate crisis but a court injunction would be ‘unworkable’, ruling says.
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.
The Yangtze River is becoming the world’s largest electrified trade corridor
Thu 30 Oct 2025
The Gezhouba, a new 13,000-ton all-electric bulk carrier launched in Yichang, is more than a technical milestone. It is a sign that the electrification of inland shipping is moving from concept to inevitability.
Solar households to get little-noticed tax break
23 Sep 2025
A provision in the government’s latest tax bill would exempt households from paying tax on income they earn by selling excess electricity back to the grid.
Climate scientists and republican lawyers are taking aim at Big Tech’s emissions
17 Oct 2025
Technology companies have long been one of the biggest investors in clean energy, but new accounting rules could upend that.
Last minute change to oil and gas legislation over cleanup costs
31 Jul 2025
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.
How ‘vehicle-to-grid’ technology could boost China’s electricity system
Today 11:30am
China’s surging electric vehicles ownership – now exceeding 25.5m – is opening the door to a new technology that can help to enhance the flexibility of electricity supply.
Fix it, don't ditch it: University of Auckland hosts first Repair Cafe
9 Oct 2025
Media release - Auckland University | The University's first-ever Repair Cafe is bringing students and staff together to give broken items a new lease on life, while promoting a culture of repair and reuse.
Council buys dairy farm to help clean up Lake Rotorua
21 Oct 2025
Bay of Plenty Regional Council has bought a 266-hectare dairy farm in the Lake Rotorua catchment and plans to retire it from production to reduce nitrogen entering the lake.
Adaptation plan at odds with public sentiment: survey
21 Oct 2025
By Liz Kivi | The Government’s position on climate adaptation buyouts shows a disconnect with public opinion, according to survey findings from insurer Suncorp NZ.
‘Damp squib’ – Govt energy plan slammed for locking in fossil fuels
2 Oct 2025
By Shannon Morris-Williams | Critics across business, climate groups and the opposition say the Government’s electricity reforms duck structural change, double down on LNG and gas, and offer little relief for soaring power prices – warning of an “expensive white elephant", deeper energy poverty and a missed chance to scale renewables.
