Topics tagged with 'NZ ETS'
Korea eyes ambitious carbon scheme
17 May 2013
South Korea is preparing to introduce the world's most ambitious emissions trading scheme, potentially paving the way for carbon costs as high as $90 a tonne for many of the country's key industries.
Carbon trading tax cut put on hold
10 May 2013
A 2015 tax cut in Australia associated with the carbon trading scheme will not go ahead because of the drop in the carbon price in Europe.
Worries deepen over future of ETS
26 Apr 2013
Deep uncertainty remains over the future of the Emissions Trading Scheme, according to a revealing survey of ETS participants.
IT’S OFFICIAL: Forests make way for dairying
19 Apr 2013
Government figures have confirmed what the carbon market has known for months – forests are being cleared and converted to dairy farms on the back of rock-bottom carbon prices.
Europe rejects ETS reform proposal
19 Apr 2013
The European Union’s flagship scheme for cutting carbon emissions suffered one of the most serious setbacks in its chequered history this week when members (MEPs) voted against a proposal to shore up the price of carbon in the Emissions Trading System.
Carbon returns build to June cut-off
12 Apr 2013
Nearly a third of post-1989-forest owners have filed carbon returns for last year.
China outlines carbon trading road map
28 Mar 2013
China has laid out an ambitious road map to reduce emissions by 40-45 per cent by 2020, including the world’s largest national carbon trading scheme.
NZUs look good as carbon prices rise
22 Mar 2013
Carbon has started edging up, prompting traders to recommend buying NZUs.
Carry-over of Kyoto units not what’s wanted
22 Mar 2013
The first commitment period of the Kyoto Protocol ended on December 31.
Price steady after overnight spike
15 Mar 2013
After a lack of support throughout the week, the December 2013 EUA - touching lows of €3.45 overnight - spiked up to €4.23 before settling at €3.70.
NZU supply tight
15 Mar 2013
NZU trading remains sporadic, as switching flow dictates price action, says Westpac.
Steel mill, smelter top free credits list
1 Mar 2013
The Glenbrook steel mill and the Bluff aluminium smelter were the big winners in last year’s hand-out of free carbon credits to industrial emitters.
Meet the ETS winners ... and losers
1 Mar 2013
Depressed, depressed, and depressed sounds like a state of mind, and for some it could well be, but indications are that the erosion of the Emission Trading Scheme as a cost effective mechanism for reducing and abating greenhouse gas emissions is real and spreading across the planet.
Brussels abuzz as carbon vote falters
1 Mar 2013
A planned European Parliament vote on fast-tracking negotiations with EU states over carbon market reform was inexplicably cancelled as rumours and counter-rumours swirled around Brussels
California credits surpass reserve price
1 Mar 2013
All of the nearly 13 million 2013 carbon credits sold at auction in California this week at above-reserve prices.
Forests emissions returns due soon
22 Feb 2013
Emissions returned for 2012 have been filed for nearly a fifth of post 1989-forests registered under the Emissions Trading Scheme.
Question for PM: UN is serious, are you?
22 Feb 2013
Green Party MP Kennedy Graham told Parliament this week that the United Nations Security Council is starting to consider climate change a serious risk.
European Parliament votes for backloading
22 Feb 2013
Lawmakers on the European Parliament’s environment committee voted by 38-25 in favour of an amendment in support of the EU’s ‘backloading’ plans for the Emissions Trading System, throwing a lifeline to the crisis-hit carbon market.
NZ carbon in race to the bottom
15 Feb 2013
As the prices of UN carbon offsets fall to new lows, the New Zealand ETS is increasingly struggling for relevance, writes Carbon Match founder Lizzie Chambers.
US stand puts Abbot on the spot
15 Feb 2013
The Australian Labor Party is using US President Barack Obama’s tough new line on climate change to launch an offensive against Opposition Leader Tony Abbot.
EPA updates trading platform
15 Feb 2013
The Environmental Protection Authority is updating the emissions trading platform.
Companies in court over cost of ETS
8 Feb 2013
By PATTRICK SMELLIE. South Island mining company OceanaGold Corp is refusing to pay for diesel it bought from Z Energy, which charged for the fuel based on a higher cost of the Emissions Trading Scheme than the New Zealand-owned company actually pays.
Gas research centre gets more funding
8 Feb 2013
The Pastoral Greenhouse Gas Research Consortium has secured funding from the agriculture sector and the Ministry of Business, Innovation and Employment to continue research to find tools for mitigating greenhouse gases.
We've become small-scale and stand-alone
8 Feb 2013
A mere 12-to-24 months ago, many in the carbon business in New Zealand believed the chances of synergising the New Zealand carbon markets with other markets, such as the emerging Australian carbon market, were good, Carbon Market Solutions says.
Key's climate change answers anger Greens
1 Feb 2013
Prime Minister John Key was challenged in Parliament this week over why he didn’t mention climate change in his outline of Government priorities for the year.
Why you should give up red meat, not flying
1 Feb 2013
People who want to have an effect on climate change would be better to give up red meat and changing lightbulbs than to stop taking flights, says a new study.
It's not all bad news from Europe
1 Feb 2013
European carbon markets trundled along sideways during their first session of the week, as no major change was recorded in spot CERs and ERUs, OMFinancial reports.
Marketing getting news-fatigue
1 Feb 2013
International prices fell sharply last night as news headlines continue to dictate the mood of the European carbon markets, Westpac reports.
ETS foe pays million-dollar carbon premium
25 Jan 2013
A company ideologically opposed to the Emissions Trading Scheme is thought to have paid $1.4 million more than it needed to to meet its carbon obligations last year.
Market reels as European carbon plummets
25 Jan 2013
International traders are dismayed at a spectacular price crash today that left the world’s biggest carbon market in disarray.
Low prices way out for pre-90 foresters
25 Jan 2013
Record-low carbon prices could see hundreds of thousands of hectares of pre-1990 plantation forest cleared or converted to post-1989 forest.
Second tranche units make an appearance
25 Jan 2013
Units from the second tranche of the pre-1990 forests allocation are starting to trickle into the market.
Airlines use ETS costs to pocket millions
25 Jan 2013
Airlines profited up to 1.36 billion euros last year by passing “imaginary” costs from the European Union Emissions Trading System on to consumers, says a new study.
Big industry claims policies unfair
25 Jan 2013
Heavy industries claim to be unfairly hit by rising energy prices caused by the EU's climate policies.
EU begins work on Australian link
25 Jan 2013
The European Commission has begun negotiations on linking the EU emissions trading system with Australia's domestic trading system.
Market plunge gets the tongues wagging
25 Jan 2013
The major talking points this week are the massive market plunge in an already-volatile market which has been stirred up by rumour and political uncertainty, says John Davis of CF Partners in London.
New low for European carbon
25 Jan 2013
It hasn’t been a good month for European carbon prices, with EUAs plunging from around EUR6.75 at the beginning of January to a record low of EUR2.81 for the Dec13 EUA contract overnight.
Profit-rich foresters might quit ETS
18 Jan 2013
Forest owners who have made a tidy profit by selling carbon high and buying low are now looking to quit the Emissions Trading Scheme.
Emitters turn backs on local credits
18 Jan 2013
Domestic carbon credits are no longer the unit of choice in the New Zealand carbon market.
Forest returns dragging the chain
18 Jan 2013
The sluggishness of the carbon market appears to be reflected in this year’s post-1989 forest carbon returns.
Industrial gas CERs join ban list
18 Jan 2013
The Government is banning indutrial gas CERs rom New Zealand’s Emissions Trading Scheme because of concerns over their environmental integrity.
Countries in trouble over green buildings
18 Jan 2013
More than 70 per cent of European Union states could face court action over defiance of building efficiency measures which are slated to account for up to a quarter of the EU’s planned energy savings by 2020.
Dull year behind us, flat year ahead
18 Jan 2013
The past 12 months have seen little domestic activity in terms of NZU purchasing to meet obligations under the ETS.
Govt takes 'hard look' at green economy
14 Dec 2012
The Government has set out is plans for developing a green economy in New Zealand.
Doha votes to bar NZ from KP2 credits
14 Dec 2012
New Zealand will not be allowed access to international carbon credits generated under the second commitment period of the Kyoto Protocol.
What's our market worth?
14 Dec 2012
Carbon Match founder Lizzie Chambers reflects on the fallout from the COP18 meeting
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.
