Topics tagged with 'NZ ETS'
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.
Finland acts to tax low-carbon power producers
3 Apr 2009
Nuclear and hydro power plants in Finland are to be taxed to reduce company profits that result from competitive operation in a market with carbon trading.
Airlines fear failure of global climate talks
3 Apr 2009
Major airlines have warned that failure to agree on a global approach to emissions trading in climate change talks could hurt their industry by leading to increased taxes and regulation.
NZ carbon price cap backward step, says trader
31 Mar 2009
Capping New Zealand carbon prices as part of harmonising an emissions trading scheme with Australia would be a backward step, says a leading trader.
No hurry on methane emissions, says Groser
31 Mar 2009
Trade and Associate Climate Change Minister Tim Groser says that with no technology available to counter agricultural methane emissions, New Zealand will not push the case just for a 'first' on emissions trading.
ETS review hearings start on Thursday
31 Mar 2009
The ETS review committee will begin hearing submissions on Thursday morning, with the list of those who will be presenting being provided to committee members tonight.
National-Labour-Green deal possible on ETS
27 Mar 2009
The National Government could have a majority for a revised emissions trading scheme without the Act Party.
Energy leader backs cross-party action on ETS
27 Mar 2009
The prospect of cross-party support for an emissions trading scheme is being welcomed by energy infrastructure company Vector.
ETS hearings timetable out today
27 Mar 2009
Submitters to the ETS review committee should know later today the timetable for submission hearings.
Climate adaptation plans welcomed, but funding remains the missing piece
Fri 17 Jul 2026
By Oli Lewis | Experts are welcoming a proposal to make climate adaptation planning mandatory, but warn the plans may be ineffective without clarity around who will pay to implement them.
New legislation to bar climate torts proves polarising for submitters
Fri 17 Jul 2026
By Liz Kivi | Opponents of legislation to block climate lawsuits say it could seriously damage investor confidence, while supporters of the same legislation argue that not passing it could be “devastating” for the New Zealand economy.
$30m airline fund risks ‘burning public money’ without lasting benefit – expert
20 Mar 2026
By Shannon Morris-Williams | A $30 million government package to support regional air routes risks delivering poor value for money while increasing emissions, according to transport strategist Tim Adriaansen.
Media round-up
9 Jul 2026
In our round-up of climate coverage in local media: The Government re-wrote fast-track law after mining companies pushed for change; costs from inland flooding are expected to rise by up to 53% by 2075; and is there such a thing as a sustainable tourist?
University launches worldwide search for nature-focused researchers
Wed 15 Jul 2026
Media release | As governments and businesses around the world grapple with climate change and biodiversity loss, Waipapa Taumata Rau, University of Auckland is launching an international search for ten PhD researchers to help shape a more nature positive economy.
Inaction on shipping decarbonisation could cost NZ up to $94b by 2050, report says
30 Jun 2026
By Oli Lewis | Failing to support and enable the decarbonisation of the shipping industry could result in losses of $17.5 billion to $94.4b to the New Zealand economy by 2050, according to a report from the Aotearoa Circle.
Emissions Trading Scheme ‘stockpile’ shrinking
9 Jul 2026
By Liz Kivi | The “stockpile” of NZUs in private accounts continues to shrink, with the latest Environmental Protection Authority figures showing the number has dropped by 9.5 million since this time last year.
UK withdraws millions in funding from world’s second-largest rainforest in Congo
Fri 17 Jul 2026
The UK has abandoned projects worth tens of millions of pounds that were meant to help protect Congo rainforests and support local people.
Climate law introduced requiring adaptation plans and reducing Commission's role
Wed 15 Jul 2026
By Oli Lewis | The Government has introduced legislation to amend the Climate Change Response Act (CCRA), which includes stripping the Climate Change Commission of one of its core roles, adds a new requirement for councils to produce adaptation plans for higher-risk areas, and updates ETS settings.
Coal is back in Australian Super’s portfolio. What happened to that net zero pledge?
Mon 13 Jul 2026
In 2020 Australia’s biggest super fund dumped its Whitehaven shares. Fast forward to 2026 and it is now the coalminer’s single biggest investor.
Politicians need to lead on climate: Carr
30 Jun 2026
As the election campaign heats up, former Climate Change Commission chair Rod Carr has a list of actions he's hoping to see from our aspiring leaders, which includes confronting climate denial as well as refusing funds or policy advice from vested interests.
EMA pushes for steady hand on energy and regulation
Mon 13 Jul 2026
By Shannon Morris-Williams | The Employers and Manufacturers Association wants the next government to commit to a long-term energy plan and allow faster investment in renewable generation, at the same time as slowing the pace of policy change and providing businesses with greater certainty.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
21 Apr 2026
Hungary has played a disproportionate role in EU climate and energy policy in recent years, by repeatedly vetoing climate action and by delaying the phaseout of Russian fossil-fuel imports.
Experts call on Govt to withdraw ‘repugnant’ legislation to block climate lawsuits
Mon 13 Jul 2026
By Liz Kivi | Lawyers and climate policy experts are calling on the Government to withdraw legislation intended to block climate lawsuits, with an adaptation expert arguing that the legislation could worsen the insurance protection gap.
Government running out of time to lock in LNG import terminal deal before election
Thu 16 Jul 2026
By Oli Lewis | Procurement for a floating LNG import terminal in Taranaki is well advanced, the Government says, but the clock is ticking to sign contracts before the election.
Environmental groups call for ETS reform
20 Feb 2026
Several environmental organisations are calling on political parties to make climate and biodiversity central to the 2026 election campaign, with reforming the Emissions Trading Scheme seen as a key priority.
The heat waves are Andy Burnham’s problem now
Fri 17 Jul 2026
Recent record-breaking hot weather in the U.K. has made a chunk of voters more worried about climate change and impatient for help from the government.
Tarakihi on verge of extinction: Stock collapse exposes major fisheries management failings
3 Jul 2026
Media release: Environmental Defence Society | Fisheries NZ is consulting on new sustainability measures for the country’s two tarakihi stocks.
Seymour ‘imploring’ council to go easy on foresters is abuse of authority: EDS
7 Jul 2026
By Liz Kivi | The Environmental Defence Society says that Regulation Minister David Seymour’s attempt to influence Gisborne District Council to ‘go easy’ on forestry companies in enforcing environmental laws is a clear abuse of ministerial authority.
“It’s by stealth, isn’t it?” The multi-million dollar effort by Australian fossil fuel companies to get into schools
Thu 16 Jul 2026
Australian oil, gas and coal companies want to get into school to shape what kids learn about their industry and climate change. One group has been trying to map the scale of the problem.
Clock ticks on Gas Security Fund as Tariki developer reports ongoing losses
Wed 15 Jul 2026
By Oli Lewis | A Canadian company advancing a major gas storage project in New Zealand continues to report ongoing losses.
$3m Govt boost for Tauranga geothermal energy
Tue 14 Jul 2026
By Liz Kivi | Resources Minister Shane Jones has announced a $3 million grant for the Gas to Geoheat Tauranga Geothermal System Project as part of the Government's plan to double geothermal energy by 2040.
The arms race to climate calamity
Fri 17 Jul 2026
COMMENT: Both Australia and New Zealand are justifying spending millions of dollars on high-end killing machines by hyping the so-called China threat, while downplaying the very real threat of climate change to the Pacific region, writes Jeremy Rose.
Conservation bill risks climate goals, lawyers say
1 Jul 2026
By Shannon Morris-Williams | Lawyers for Climate Action NZ says the Government's plan to change the law to encourage economic development on conservation land could undermine New Zealand's climate goals by weakening the land's ability to store carbon, as well as allowing new sources of emissions such as mining.
Govt climate claims don't match reality, lawyers say
17 Jun 2026
By Shannon Morris-Williams | Lawyers for Climate Action has accused the Government of presenting an overly positive picture of New Zealand's climate progress at the United Nations climate summit in Bonn, arguing key claims on emissions reductions and support for the Paris Agreement's 1.5°C goal are not reflected in domestic policy.
Lake Onslow pumped hydro consortium secures funding for consent push
26 Jun 2026
By Oli Lewis | The consortium behind Lake Onslow pumped hydro has secured funding to finalise its resource consent application, aiming to lodge it under the fast-track process before 2027.
Ballance secures gas for 2026 as it progresses energy transition plan
16 Jun 2026
By Oli Lewis | One of the largest industrial gas users in New Zealand is working on an energy transition plan to futureproof domestic fertiliser manufacturing, while continuing to secure ongoing gas supply contracts.
Climate change is here and we’re all paying for it
Wed 15 Jul 2026
By Raewyn Peart | COMMENT: Another week, another storm. Just days ago, Kaikōura saw two months of rain fall within 48 hours, the most recent in a long line of adverse weather events.
Climate law change spanner in the works for Waitangi Tribunal Inquiry
19 Dec 2025
By Liz Kivi | The Government’s controversial changes to New Zealand’s legal framework for climate policy have thrown a spanner in the works for a long-running Waitangi Tribunal Inquiry into climate change.
Sustainable Business Council listed on submission supporting climate torts bar
Fri 17 Jul 2026
By Liz Kivi | Business New Zealand’s submission supporting legislation to block climate lawsuits raised eyebrows this week for listing the Sustainable Business Council as seemingly in support of the controversial law change.
Planetary Facts dashboard aims to make environmental costs visible
Wed 15 Jul 2026
By Shannon Morris-Williams | Consumers can now compare the environmental impacts of everyday products with a new online dashboard designed to do for sustainability what nutrition labels have long done for food.
Climate risks could reshape business finances, new guidance warns
15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
UN chief says fossil fuel industry must cut methane for warming “relief”
25 Jun 2026
UN chief António Guterres called for stronger action to cut emissions of planet-heating methane, taking aim at the fossil fuel industry’s practices and profits, and pointing to coal, oil and gas as the root of today’s climate and energy crises.
What’s next for Sams Creek after failed mining bid?
Wed 15 Jul 2026
Max Frethey, Local Democracy Reporter | A controversial gold mining application at Sams Creek has been declined, leaving question marks hanging over the future of the land.
Pacific coral reefs face mounting climate threat – experts
Thu 16 Jul 2026
By Shannon Morris-Williams | Coral reef scientists are warning that climate change is accelerating the decline of reef ecosystems across the Pacific, with rising ocean temperatures, marine heatwaves and sea-level rise threatening both biodiversity and the communities that depend on them.
Ugandan farmers launch UK court case against East African oil pipeline
9 Jul 2026
Four Ugandan farmers filed a case with London’s High Court aiming to stop the East African Crude Oil Pipeline from starting to operate by asking the court to apply Uganda’s laws against the project’s UK-registered company.
Carbon markets and biochar: a golden opportunity for NZ?
1 Jul 2026
By John O’Brien | COMMENT: New Zealand’s abundant and increasing forestry waste could become a multi-billion dollar opportunity for biochar carbon sequestration – as long as the right policies, programmes, and incentives are in place.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
UN plastics pact talks restart amid fears production curbs will be left out
2 Jul 2026
Diplomats reconvene a year after negotiations collapsed, but campaigners fear the agenda risks burying tricky discussions on key elements.
Conservation bill could put development ahead of protection, commissioner warns
Fri 17 Jul 2026
By Shannon Morris-Williams | Parliamentary Commissioner for the Environment Simon Upton says the proposed law changes could give economic development greater weight than conservation, undermining the purpose of the Conservation Act.
Northern Thai residents march for action on polluted rivers. ‘This is an emergency’
9 Jun 2026
More than 600 residents of Chiang Mai and Chiang Rai provinces embarked May 31 on a roughly 68-kilometer, six-day ‘peace walk’ to demand the Thai government take action on the river pollution crisis that has seen Thai rivers polluted with heavy metals.
Swarbrick slams $50m critical minerals funding as 'Trump's war machine' subsidy
7 Jul 2026
By Shannon Morris-Williams | The Green Party has criticised the Government's investment into two West Coast critical minerals projects, claiming the funding could ultimately support the United States defence industry rather than New Zealand's clean energy transition, while Shane Jones dismissed opponents as "flat earth idiots".
NZ lagging in energy storage investment – report
Tue 14 Jul 2026
Investment in energy storage is maturing globally, with the need for resilient and flexible power driving demand for storage, but New Zealand has some catching up to do, according to a new report.
Fast-track panel backs proposed Haldon Solar Farm
6 Jul 2026
By Shannon Morris-Williams | The proposed Haldon Solar Farm in the Mackenzie Basin has moved to the final stages of the Fast-track Approvals Act process after the Fast-track Panel proposed granting approval for the project.
Shining a light on Trans-Tasman solar reforms
Tue 14 Jul 2026
OPINION: The real test of solar reforms is how fast retailers can turn new rules into working tariffs, writes Mark Humphreys.
Carbon trading schemes cut more emissions than carbon taxes, according to global study
20 Mar 2026
By Shannon Morris-Williams | Carbon trading schemes are more effective than carbon taxes at reducing emissions, cutting fossil fuel use, and accelerating the shift to renewable energy, a global study has found.
Microsoft emissions surge 27% as AI buildout crimps climate goals
Mon 13 Jul 2026
Microsoft's greenhouse gas emissions jumped 27 percent in its latest fiscal year, the tech giant disclosed Thursday, adding to a wave of worsening environmental reports from an industry racing to build AI infrastructure.
Pacific climate response in question as NZ finance remains unclear
19 Dec 2025
By Shannon Morris-Williams | With New Zealand's $1.3 billion international climate finance commitment set to end with no clarity on what follows, the Auditor-General says oversight of that funding remains patchy and long-term outcomes are unclear.
Govt backs hydrogen with national industry summit
9 Jul 2026
By Oli Lewis | The Government is convening a major hydrogen conference to promote awareness and uptake of the alternative fuel.
‘Those blocking climate science are not our friends': Pacific leaders warn at Bonn talks
23 Jun 2026
Pacific nations and civil society groups have united at UN climate talks, pushing back against efforts to weaken agreed language on global temperature limits as negotiations continue behind closed doors.
Next Govt must restart action on plastic pollution
1 Jul 2026
Media release - Zero Waste Aotearoa | Plastic Free July begins with an urgent call to put plastic pollution back on the political agenda. Plastic Free July is a worldwide campaign to reduce plastic waste and eliminate single use plastics.
Greens announce water policy, including nitrogen fertiliser phase-out
7 Jul 2026
By Liz Kivi | The Green Party announced its water policy yesterday, promising to phase out synthetic nitrogen fertiliser, as well as destructive fishing methods, if the party is elected in November.
Canadian wildfire smoke chokes Toronto, threatens US cities
Fri 17 Jul 2026
Toronto's air quality ranked the worst among major cities globally on Wednesday as wildfire smoke from northwestern Ontario blackened skies and spread into the northeastern United States, prompting health warnings and calls for residents to limit outdoor activities.
Faster consenting, harder trade-offs
7 Jul 2026
Faster consenting is starting to produce results, but this week's decisions show speed has not removed the harder trade-offs around electricity security, conservation, ecology and climate liability.
