Topics tagged with 'NZ ETS'
Carbon rules make it hard, says airline industry
8 May 2009
Carbon trading and increased regulation could hinder efforts to reduce aircraft greenhouse gas emissions through innovation and increased use of biofuels, airline industry leaders said this week.
We still want to harmonise, says Smith
5 May 2009
Talks on harmonising the New Zealand and Australian emissions trading schemes will continue, despite Australia’s decision to delay the start of its scheme.
Farming groups split on need for ETS
5 May 2009
Federated Farmers continued its call for the emissions trading scheme to be scrapped when it appeared before the emission trading scheme review committee yesterday - but not everyone in the agriculture sector agrees.
All eyes on first auction-site sale of NZUs
5 May 2009
The first auction of NZUs on internet auction site Trade Me closes on Thursday, with bids currently sitting at around $21 per tonne – well below the current price of secondary CERs of approximately $28 per tonne.
Solid Energy on trail of carbon accounting
5 May 2009
State-owned coal miner Solid Energy says it is well on the way to tracking carbon in its operations, but can’t say yet how the emissions trading scheme will affect the price of coal next year.
Ngai Tahu faces bill of millions in clawbacks
5 May 2009
Ngai Tahu has become an early example of the peril of ETS clawbacks, with tribal authorities indicating that it might have to pay anything between $40 million and $120 million in clawbacks, depending on the price of carbon at the time.
Rudd delays emissions trading till 2011
5 May 2009
Australian Prime Minister Kevin Rudd yesterday announced that his government would delay by one year the introduction of its emissions trading scheme.
ETS should be suspended, says coalition
5 May 2009
Greenhouse Policy Coalition executive director Catherine Beard, representing the energy-intensive sector on climate change issues, is calling on the select committee reviewing the emissions trading scheme to suspend the introduction of the industrial sector into the scheme until such time as the "flawed legislation has been properly reviewed and fixed".
Business leaders: emissions trading policy delays causing major investment blight
5 May 2009
Business leaders told the Parliamentary select committee reviewing the emissions trading scheme yesterday that indecision is stalling hundreds of millions in investments in sectors which will both benefit from or fear having a price of carbon.
Fonterra wants intensity approach to ETS
5 May 2009
Dairy production in New Zealand may be reduced by five per cent, costing the New Zealand economy $650 million annually and allowing other countries to fill the gap in global supply risking further global emissions growth, unless the existing Emissions Trading Scheme is altered, says Fonterra.
Gull wants fixed carbon price after ETS
1 May 2009
Independent oil company Gull has asked the emissions trading scheme review committee to set the price of carbon for at least the first 18 months after the liquid fuel sector enters the ETS.
Smith still quiet on Labour ETS offer
1 May 2009
The Government has not yet responded to Labour's offer to work with it on an emissions trading scheme.
ETS certainty vital, says wind energy chief
1 May 2009
Certainty over the emissions trading scheme is vital to encouraging investment in new wind-energy projects, says the Wind Energy Associaton.
Fifty years of work under threat, says Oxfam
1 May 2009
Climate change could reverse all the international development work of the past 50 years, the emissions trading scheme review committee heard yesterday.
Australian powerco in landmark carbon deal
1 May 2009
The owner of a coal power station yesterday began to deal with the major costs it will face under an emissions trading scheme by signing the first firm carbon trading deal between two Australian parties.
Minister delays release of ETS risk report
28 Apr 2009
A new report into the economic risks of the emissions trading scheme has not yet been made public amid concerns that it does not adequately cover the potential benefits.
Labour expects ETS answer this week
28 Apr 2009
The Labour Party expects a formal response from the Government this week on its offer to co-operate on an emissions trading scheme.
Forest focus wrong, institute tells ETS hearing
28 Apr 2009
New Zealand should focus on the role that forests play in mitigation of climate change - and not just on forestry emissions, says the Institute of Forestry.
ETS will close mills, warn wood processors
28 Apr 2009
The emissions trading scheme will force mill closures and have a catastrophic impact on rural communities, says the Wood Processors' Association.
Miliband calls for populist push in climate battle
28 Apr 2009
British Climate Change Secretary Ed Miliband says he is "fearful" that the world may miss the opportunity to halt global warming and is calling for a Make Poverty History-style popular movement to push for a breakthrough at this year's Copenhagen summit.
Genesis buying credits, but quiet on NZUs deal
24 Apr 2009
New Zealand’s largest thermal electricity generator has made forays into the carbon market – but won’t say if it was the purchaser involved in the first sale of New Zealand Units.
Forestry sector has date with ETS review
24 Apr 2009
Forestry sector submissions will be heard by the emissions trading scheme review committee on Monday.
Deforestation must stop, says power company
24 Apr 2009
One of New Zealand's largest power companies is urging the Government not to do anything to encourage further deforestation.
Forest industry fears carbon deficit blow-out
21 Apr 2009
Normal levels of forest harvesting could trigger a post-2018 carbon deficit blow-out unless action is taken soon, says an informed industry source.
Climate deal fraught with problems, says EU envoy
21 Apr 2009
An address by David Daly, the new head of the European Union delegation to Australia, to the recent Greenhouse 2009 conference in Western Australia is being carefully scrutinised by his counterparts throughout Oceania - especially in New Zealand.
Garnaut shock: Australia should drop ETS plan
17 Apr 2009
Australia's climate change adviser is suggesting that it might be best to dump the proposed emissions trading scheme and "have anotoher crack at it" later, the Australian Associated Press is reporting.
Forest owners in plea for more tree-planting
17 Apr 2009
The state of New Zealand’s net greenhouse gas emissions reinforces the need for the Government to do more to encourage new forest planting to avoid future problems, says the Forest Owners' Association.
Carbon trade to reach $670 billion in 2013, says report
17 Apr 2009
The global carbon market is forecast to grow 68 per cent a year up to 2013, according to business analysts SBI.
How New Zealand can learn from “Towards a Global Green recovery”
17 Apr 2009
The Council for Socially Responsible Investment endorses a recently released report prepared on behalf of the German Foreign Office for discussion at the G20 London Summit which highlights key measures in seven strategic areas that G20 members need to take to tackle the economic crisis and re-orient development towards sustainable, low-carbon growth.
Figures show why ETS should go ahead quickly
17 Apr 2009
The latest figures on New Zealand’s net position under the Kyoto Protocol shows why an emissions trading scheme is a good idea, says the Business Council for Sustainable Development.
Reality check time on emissions trading, says Federated Farmers
17 Apr 2009
This week's net position report on Kyoto Liabilities, which shows a possible surplus, represents an important reality check for New Zealand, says Federated Farmers.
Most Kiwis want climate deal at Copenhagen
14 Apr 2009
New Zealanders support signing up to a new international agreement requiring countries to limit greenhouse gas emissions beyond 2013, a new survey shows.
Foresters get carbon credits ... but what now?
14 Apr 2009
Forest owners have received their first batch of carbon credits but are unsure about insuring and on-selling them.
Uncertainty keeps NZUs volatile, says trader
14 Apr 2009
The price of New Zealand Units is likely to remain volatile for another six months, says a leading trader.
Europe’s steelmakers reap $1b carbon windfall
14 Apr 2009
European steelmakers received over $1 billion worth of unneeded carbon permits last year under the European Union's Emissions Trading Scheme, EU data shows.
State governor calls for carbon tax to fight warming
14 Apr 2009
The Governor of the Australian state of Victoria, David de Kretser, has called for consideration of a carbon tax, to increase the price of goods produced using energy from high-pollution power stations.
ETS uncertainty points to serious energy problems, says Labour
14 Apr 2009
The confusion and uncertainty created by National’s climate change policy is putting New Zealand’s energy security at risk, Labour’s Energy spokesman Charles Chauvel says.
Cross-party pact vital for ETS, says Vector
9 Apr 2009
A strong cross-party agreement on durable climate change policy is the single most important thing that the emissions trading scheme review committee must deliver, the committee is being told this morning.
Energy leaders have big day out at ETS hearings
9 Apr 2009
The energy sector gets its chance to be heard by the ETS review committee this morning.
Greens and Nats do deal over home insulation
9 Apr 2009
Subsidised home insulation is back on the agenda, with National agreeing to work on a project with the Greens.
HFCs clampdown could backfire, company warns
9 Apr 2009
Clamping down on the so-called “bad boys” of human-induced climate change -hydroflourocarbons (HFCs) - in the emissions trading scheme could backfire and actually lead to increased emissions, warns an air conditioning company.
Government uncertainty over ETS must end, say Greens
9 Apr 2009
Business leaders and the public favour prompt Emissions Trading Scheme action to doing nothing by a margin of 2:1, according to a survey by the Business Council for Sustainable Development, says the Green Party.
Labour: We're ready to start work on joint ETS
7 Apr 2009
Work on a joint National/Labour emissions trading scheme could start as early as this week, says Labour climate change spokesman Charles Chauvel.
NZ Steel seeks suspension of ETS
7 Apr 2009
The stakes are high for NZ Steel as it contemplates the impact that its presentation to the ETS review committee last week might have had.
Concrete plant swings on ETS, says manufacturer
7 Apr 2009
The axe could fall on plans for a major new concrete manufacturing plant if the emissions trading scheme review committee does not heed industry warnings.
Money crisis takes bite out of carbon emissions
7 Apr 2009
The collapse of industrial output in the world economic crisis is producing a plunge in carbon emission far exceeding any governmental targets, new data from the European Commission suggests.
Dunne: With Labour, we'll reach ETS agreement
3 Apr 2009
The chairman of the emissions trading scheme review committee is predicting that Labour and National will reach agreement over a scheme which will have some degree of harmonisation with Australia.
US cap-and-trade bill may pose problems for NZ large emitters
3 Apr 2009
The latest cap-and-trade bill introduced in Congress offers the United States’ large emitters less transitional assistance than their New Zealand counterparts.
NZUs allocation clear sign of future ETS plans
3 Apr 2009
The Government’s allocation of eight million NZUs to the Crown’s holding account on Wednesday is a clear sign that the emissions trading scheme is here to stay.
Business leaders welcome multi-party deal talks on ETS
3 Apr 2009
Business leaders are welcoming statements by the National, Labour and Green parties that they are prepared to discuss a multi-party deal on an emissions trading law.
Experts examine climate impacts on Pacific health
Today 10:30am
Media release | The devastating impacts of climate change on health in the Pacific Islands will be discussed at a symposium at the University of Auckland tomorrow, 5 June.
Controversy around NZ’s methane target hits international press
Tue 3 Jun 2025
By Liz Kivi | New Zealand’s approach to methane targets has hit international media, with climate scientists from multiple countries penning an open letter warning Prime Minister Christopher Luxon not to weaken methane targets.
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
Today 10:30am
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
Thu 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.
Vanuatu criticises Australia for extending gas project while making COP31 bid
Today 10:30am
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.
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
Fri 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.
Owning a green home could cut mortgage payback time by two years
9 May 2025
A green certified home plus a green mortgage and associated energy bill savings could save Kiwi families up to $98,800 over the course of their mortgage - the equivalent of being mortgage-free several years early, according to new research.
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
Thu 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.
Surge of lobbying over electricity sector review
Today 10:30am
Jostling and lobbying have intensified ahead of the release of a review into the electricity sector.
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.
Death toll from Nigeria flash floods rises to 151
Tue 3 Jun 2025
At least 151 people in central Nigeria are now known to have died following flash floods that destroyed homes and displaced thousands of residents earlier this week.
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.
Environmentalists see forestry changes as dangerous step for Tairāwhiti
Tue 3 Jun 2025
By Zita Campbell, Local Democracy Reporter | Tairāwhiti environmentalists have called changes for commercial forestry under proposed Resource Management Act reforms “a slap in the face” and a return to weaker forestry regulations.
Why expensive gas – not net-zero – is keeping UK electricity prices so high
28 May 2025
The UK’s high electricity prices have become intensely political, with competing claims over the cause of rocketing bills and how best to get them down.
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.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
Fri 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.
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.
Kiwi cleantech companies on the world stage
27 May 2025
Six New Zealand 'cleantech' companies were in Singapore earlier this month, along with a venture capital firm and the MacDiarmid Institute, to meet investors and multinational partners.
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
Fri 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.
World’s nations to gather in France to tackle what UN says is a global emergency in the oceans
Fri 30 May 2025
The world’s nations are gathering in France next month to tackle what the United Nations calls a global emergency facing the world’s oceans as they confront rising temperatures, plastic pollution choking marine life, and relentless overexploitation of fish and other resources.
Tech alone won’t save us, warns climate expert
Today 10:30am
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
Thu 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
Fri 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.
US: Clean energy project cancellations top $14 Billion so far in 2025
Today 10:30am
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.
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.
India, a major user of coal power, is making large gains in clean energy adoption
Today 10:30am
One of the most carbon-polluting countries, India is also making huge efforts to harness the power of the sun, wind and other clean energy sources.
A fungus that can ‘eat you from the inside out’ could spread as the world heats up
27 May 2025
Infection-causing fungi responsible for millions of deaths a year will spread significantly to new regions as the planet heats up, new research predicts — and the world is not prepared.
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".
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.
Global sea levels rise spelling catastrophe for coastal towns and cities
14 May 2025
For around 2,000 years, global sea levels varied little. That changed in the 20th century. They started rising and have not stopped since — and the pace is accelerating.
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
Thu 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.
