Topics tagged with 'NZ ETS'
Farmers could have gained millions in secret deal proposed by Labour
14 Sep 2009
A draft ETS deal sent to the National party by Labour Monday morning reveals the Opposition proposed a special deal for agriculture which could have paid farmers millions before 2013.
EXCLUSIVE - The "Dear Lucy" deal e-mail from Labour to National
14 Sep 2009
Carbon News has an e-mail sent Monday morning from Labour's climate change negotiator to Minister Nick Smith.
Press conference audio: Maori will now approve any Labour suggested changes
14 Sep 2009
Climate Change Issues Minister Nick Smith has been "left playing defense" over the Labour negotiations, according to audio of today's media conference.
Smith: ETS revisions "balance" environment, economy
14 Sep 2009
The Government, with Maori Party support, will revise the Emissions Trading Scheme to reduce the costs to households and the impact on jobs while ensuring New Zealand takes a responsible approach to the global problem of greenhouse gas pollution and climate change.
What the Government says will happen
14 Sep 2009
The Government has issued Q and A documents on its proposed changes to the ETS.
Business NZ: Revised ETS ‘more measured’
14 Sep 2009
Business NZ says the revised emissions trading scheme proposed by the Government today better balances environmental and economic needs.
Business leaders: bill for proposed ETS changes could run to billions?
14 Sep 2009
The proposed changes to the emissions trading scheme are disappointing and the bill to taxpayers could run to billions.
Don't get caught without credits, businesses told
11 Sep 2009
New Zealand businesses are putting some of their most profitable operations at risk by failing to prepare for entry into the emissions trading scheme.
Confident Labour sits in ETS driving seat
11 Sep 2009
Talks over the future of the emissions trading scheme are on again, with Labour sending strong signals that it feels in the driving seat.
Personal trading not for us, say Greens
11 Sep 2009
A personal carbon trading regime being proposed for Britain is unlikely to work here, says Green Party climate change spokesperson Jeanette Fitzsimons.
Irish might need cow tax to meet EU targets
11 Sep 2009
The Irish Government might have to introduce a “cow tax” to help it to meet new tough targets for reducing greenhouse gas emissions laid out in the European Union’s climate change strategy.
EU plans fix to carbon tax fraud threat
11 Sep 2009
The European Commission will propose a temporary solution to the threat of tax fraud in the European carbon emissions market later this month
EXCLUSIVE: Here's a way out of ETS impasse
4 Sep 2009
The impasse between National and Labour over the emissions trading scheme could be broken by a compromise over the contentious issue of an intensity-based scheme.
Why not create our own market, asks carbon trader
4 Sep 2009
New Zealand should stop talking about a carbon market and get on and create one, says a leading carbon trader.
Planting season lost, but foresters cling to hopes
4 Sep 2009
The forestry industry is cautiously optimistic about the future of the emissions trading scheme – despite the fact that political delays mean that this year’s seed-planting season has been missed.
Prepare to pay extra $120 in airfare pollution charges to Europe
4 Sep 2009
Including aviation in the European ETS could mean a pollution charge of about $120 on long haul flights to New Zealand.
Carbon Market Expo 26 - 28 October 2009
4 Sep 2009
Gold Coast Convention & Exhibition Centre - International carbon market leaders will again be on-hand at Carbon Market Expo Australasia 2009 to share their knowledge and experience of global carbon market trends and developments, as well as themselves looking for new business opportunities.
All sectors, all gases the way to go, says ETS report
31 Aug 2009
Climate change is probably true and an all-sectors, all-gases emissions trading scheme is the best option for New Zealand, says the committee set up to review the scheme.
National's best ETS bet is deal with Labour
31 Aug 2009
The Labour Party is looking like the Government’s most likely emissions trading scheme partner.
Report lists 34 ways to shape our carbon future
31 Aug 2009
The Emissions Trading Scheme Review Committee has made 34 recommendations about New Zealand’s response to climate change and the shape of the emissions trading scheme.
Dunne: A middle road through complex issues
31 Aug 2009
The Emissions Trading Scheme Select Committee review has demonstrated strong support for such a scheme and gives the Government the platform it needs to develop its position for the upcoming Copenhagen climate change conference, committee chairman Peter Dunne said today.
Business: Review leaves huge issues up in the air
31 Aug 2009
The report of the select committee which reviewed the emissions trading scheme is a disappointment which still leaves the country with no broad cross-party agreement on climate change policy to provide investment certainty.
National: We'll continue talks with all parties
31 Aug 2009
Minister for Climate Change Issues Nick Smith today welcomed the report of the Emissions Trading Scheme Review Committee.
Labour: Big chance for a meaningful ETS
31 Aug 2009
The Labour Party has used today’s report back of the ETS Committee to repeat its call for a broad-based scheme with integrity to be agreed by Parliament.
Farmers: Report is a loaded gun at our heads
31 Aug 2009
Farmers are reacting angrily to news that a parliamentary select committee thinks that agriculture should be part of the emissions trading scheme.
Read the full ETS review report here ...
31 Aug 2009
The emissions trading scheme review is a 132-page report that took seven months to put together.
Government fiddling while planet burns, says Greenpeace
31 Aug 2009
Greenpeace is warning that taxpayers will pay if there’s a price cap added to the long over due emissions trading scheme, but welcomed agreement by most members of parliament that climate change is real and action needs to be taken now.
EXCLUSIVE: Business says no to carbon trade hobbles
28 Aug 2009
New Zealand business leaders and decision makers want free trade in carbon units and oppose a price cap, a new survey shows.
Speculation rife as ETS report faces new delay
28 Aug 2009
The report of the emissions trading scheme review select committee is now unlikely to be released before Monday.
Row as Parker demands House sees ETS report
28 Aug 2009
There was heated debate at Parliament yesterday over claims the ETS review select committee’s report should have been immediately presented to the House under standing orders.
Smith cautious on methane in ETS, bi-party deal
28 Aug 2009
The Government has a cautious view of bringing ruminant animal emissions into an emission trading scheme, says Climate Change Issues Minister Nick Smith.
World airlines stung by European CO2 limits
28 Aug 2009
Thousands of airlines are set to face problems in flying into the European Union from 2012 unless they join the EU Emissions Trading Scheme, the European Commission has said.
Online GHG reduction calculator
28 Aug 2009
In an effort to increase the understanding of various emissions trading scheme-related policy suggestions, The ValueAdd Company has launched an online Greenhouse gas emissions reduction target analyser.
ETS review body to report next week
21 Aug 2009
The select committee reviewing the emissions trading scheme will release its long-awaited report next week.
ETS deal hangs on Key's response to Goff
21 Aug 2009
National is having significant difficulty delivering the “broad-based political support” sought for an amended ETS by its Climate Change Issues Minister.
Smith hopes ETS will please everyone
21 Aug 2009
The Minister for Climate Changes Issues has told business leaders he hopes for a settled emissions trading scheme attracting broad political sign up.
Agriculture bogs down bipartisan ETS deal
14 Aug 2009
Talks between National and Labour over a bipartisan agreement on an emissions trading scheme are thought to be breaking down over agriculture.
Cap-and-ban could kill carbon market, warns broker
14 Aug 2009
An artificial cap on carbon prices and a ban on international sales of New Zealand credits will effectively kill the development of the carbon market, says trader Nigel Brunel.
Business warns extra assistance to emitters could equal another round of tax cuts
14 Aug 2009
Adjusting assistance to large emitters in New Zealand to Australia's proposed levels could cost the equivalent of another round of tax cuts.
Wind energy key to cutting electricity emissions
14 Aug 2009
Reducing greenhouse gas emissions from the electricity sector will be vital in reaching the government’s 2020 reduction target, but policy certainty is needed urgently, says the New Zealand Wind Energy Association.
Australia’s ag-carbon could be bigger than coal
14 Aug 2009
Australia could develop a trade in agricultural carbon offsets to the United States worth more than the nation's current global coal exports - but not if agriculture is covered by an emissions trading scheme, says an international carbon trading expert.
Tree-planting key to meeting target, says expert
10 Aug 2009
New Zealand can achieve a significant proportion of its 2020 emission reduction target by planting trees – and generate $375m a year in carbon credits, says a forestry expert.
ANALYSIS: Now it comes down to the ETS deal for agriculture
10 Aug 2009
The Government has pretty cunningly positioned itself in its first emissions reduction target offering.
BUSINESS LEADERS: Target will have to rise later
10 Aug 2009
The Government’s opening offer to reduce New Zealand’s greenhouse gas emissions by 10 per cent to 20 per cent by 2020 will need to be improved during coming international negotiations, says the New Zealand Business Council for Sustainable Development.
Companies must take care with carbon-neutral claims
7 Aug 2009
Companies wanting to market themselves as carbon-neutral are being warned not to rely on the emissions trading scheme for their green credentials.
ETS unsettled as NZ packs for Bonn talks
7 Aug 2009
The future of New Zealand’s emissions trading scheme remains up in the air as the Government heads to the Bonn climate change talks.
You’re not alone – UN climate chief comforts Australia
7 Aug 2009
Australia is not at risk of going it alone on climate change by committing to emissions reduction targets before a global summit later this year, UN climate change chief Yvo de Boer says.
Most New Zealanders want 20-plus emissions reduction target
7 Aug 2009
Almost half of New Zealanders want the Government to set a target to cut greenhouse gas emissions by 20 per cent or more by 2020.
Carbon potential huge, says multi-million dollar seller
31 Jul 2009
The man behind a multi-million dollar sale of New Zealand forestry credits to Europe says that carbon is potentially a major export and could make up to 80 per cent of forestry company revenue.
Fletcher urgently wants ETS answers
31 Jul 2009
Fletcher Building wants the Government to urgently determine the carbon credit allocation for large businesses so that it can plan for any potential costs arising from an emissions trading scheme.
Vero warns losses to rise 26% by 2050 over extreme weather
Today 11:00am
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.
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.
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
Thu 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.
‘Plain old dull’: NZU market continues to limp sideways
Fri 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.
New Zealand insurer linked to Iranian dark fleet tankers
Today 11:00am
A New Zealand insurer is under investigation for providing insurance for Iranian dark fleet tankers Reuters reveals in a new exposé.
Broker predicts all this year’s carbon auctions will fail
10 Oct 2025
By Liz Kivi | Marex New Zealand is forecasting that the government will sell no ‘pollution permits’ at the NZU auctions this year, with a significant gap continuing between secondary market prices and this year’s $68 auction floor price.
Genesis doubles down on Huntly as renewables ramp up
Fri 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.
Milestone for NZ Steel electrification
10 Sep 2025
By Pattrick Smellie | NZ Steel has passed an installation milestone for its new electric arc furnace, which will reduce emissions from the Glenbrook steel mill site by as much as one megatonne (1Mt) a year.
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?
Today 11:00am
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.
Warming oceans probably fuelling Hurricane Melissa’s rapid intensification
Today 11:00am
Climate scientists have long warned that warming oceans are making explosive storm development more common.
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.
From pines to natives: Nelson's forestry reset begins
Today 11:00am
By Max Frethey, Local Democracy Reporter | Nelson City Council’s transition away from clear-fell pine forestry is well underway with around 74,000 trees planted in the Maitai and Marsden Valleys this winter.
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.”
Super Fund smashes decarbonisation goals
Thu 23 Oct 2025
By Pattrick Smellie | The New Zealand Superannuation Fund continues to blow through its self-imposed targets for decarbonising its investment portfolio, increasing its exposure to fast-growing green technology opportunities in the process, according to its 2025 climate statement.
No major banks have yet committed to stop funding new oil, gas and coal, research finds
Fri 24 Oct 2025
‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers.
Is greenhushing the new greenwashing? Or something else entirely
Fri 24 Oct 2025
Companies used to be accused of faking sustainability via greenwashing. Now some are hiding actual climate progress.
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.
On Louisiana’s Gulf Coast, residents fume as insurers hike rates and invest in fossil fuel projects
22 Oct 2025
Locals face a perfect storm — they can’t afford insurance and climate change threatens their livelihood.
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.
Norway faces European Court climate ruling over oil licences
Today 11:00am
The European Court of Human Rights will decide on Tuesday if Norway breached its climate obligations when it awarded Arctic oil exploration licenses in 2016.
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.
Bill to ban new coal mines fails at first reading
Fri 24 Oct 2025
By Shannon Morris-Williams | A bid to outlaw new coal mines was defeated at its first hurdle in Parliament this week, after a heated debate pitting climate imperatives against energy security and affordability.
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
Thu 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
Today 11:00am
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.
Climate reporting rollback raises risk of 'flying blind', experts warn
Tue 28 Oct 2025
By Shannon Morris-Williams | Government plans to drastically narrow mandatory climate disclosures may reduce compliance costs in the short term – but critics say it will leave New Zealand with major blind spots in tracking climate risk.
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.
Difficult trade-offs ahead for climate adaptation
17 Oct 2025
By Shannon Morris-Williams | While climate impacts are already here, bringing the urgent need to accelerate effective adaptation now, the Government's newly minted adaptation framework still leaves important questions unanswered about who will pay.
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.
Councillor calls out ‘anti-EV propaganda’ after fatal bus fire
Today 11:00am
By Torika Tokalau, Local Democracy Reporter | An Auckland councillor says he's disappointed with the level of misinformation circulating about a fatal collision involving an electric bus and car last week.
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.
