Topics tagged with 'NZ ETS'
Key joins APEC leaders in call to fight climate change
25 Nov 2008
New Zealand Prime Minister John Key, whose new government has suspended the country’s emissions trading scheme, is among Asia-Pacific leaders who have collectively called for a comprehensive effort to address climate change through international cooperation.
We're now a joke in Europe, says carbon trader
21 Nov 2008
Delaying the emissions trading scheme is costing New Zealand the chance to be the major Asian carbon market hub, says a leading New Zealand trader.
Hold on to your carbon credits, experts advise
21 Nov 2008
New Zealanders shouldn’t buy or sell carbon credits until the Government’s plans for the emissions trading scheme are clear, says a prominent law firm.
NZ businesses told: Get used to it, carbon rules
21 Nov 2008
New Zealand business will have to account for its carbon – regardless of whether it is through an emissions trading scheme or a carbon tax, says PricewaterhouseCooper partner and sustainability specialist Julia Hoare.
Protests follow UK’s first carbon permits auction
21 Nov 2008
The UK government is facing protests from various quarters after it said that the proceeds of the sale of carbon permits would not necessarily be used to tackle climate change issues.
British MPs pass landmark climate change bill
21 Nov 2008
MPs have given final approval to a bill committing Britain to cut greenhouse gas emissions by 80 per cent by 2050 - the first country to have such a legally binding framework on climate change.
National already breaking promises on climate change, says Labour
21 Nov 2008
National leader John Key's U-turn on the Emissions Trading Scheme is his first broken promise, says the outgoing Minister for Climate Change Issues, David Parker.
Business council not surprised by ETS review
21 Nov 2008
Business leaders not surprised by emissions trading review, but concerned about suspending the act, says the Business Council for Sustainable Development.
EXCLUSIVE: Carbon market leader shelves NZ plans
18 Nov 2008
One of the biggest players in the world carbon market has put plans to set up in New Zealand on hold in the wake of the new government’s decision to review the emissions trading scheme.
NZUs 'dead' as carbon market struggles with confusion
18 Nov 2008
Sales of NZUs are effectively dead as carbon markets struggle to understand the implications of the new government's moves on the ETS.
ETS delay deal scuppers forestry project worth millions
18 Nov 2008
A $125 million forestry project has been scrapped and scores of forestry jobs lost as a result of a deal between the Act and the new National government to review the emissions trading scheme.
Worried investors back off renewables sector decisions
18 Nov 2008
Investment decisions in the renewable energy sector are hanging in the balance because of uncertainty over the future of the emissions trading scheme.
Nats' ETS position changes from promise to preference
18 Nov 2008
The National Party has changed its pre-election promise to have an emissions trading scheme up and running by January 1, 2010 to a “preference”.
Big Three power companies silent on changes
18 Nov 2008
Most power companies are remaining tight-lipped in the wake of news that the National-led government will scrap the ban on new non-essential fossil-fuelled power stations and will review the emissions trading scheme.
Review of climate change law applauded
18 Nov 2008
Business welcomes the National government’s rapid move to reviewing the emissions trading scheme as they promised, the Employers and Manufacturers’ Association (Northern) says.
National reneges on climate change commitments
18 Nov 2008
The Environmental Defence Society has expressed “profound dismay and disappointment” at National’s confidence and supply agreement with ACT.
Fundamental change towards government spending
18 Nov 2008
Decisions made by the incoming Government signal a fundamental change in attitude to government spending, says Business NZ.
ETS uncertainty worries geothermal developers
14 Nov 2008
Uncertainty over the future of the emissions trading scheme and the thermal generation moratorium is casting doubt over the development of new geothermal projects in the Bay of Plenty.
Time to be climate-positive, NZ businesses told
14 Nov 2008
New Zealand businesses should be embracing a climate-positive future instead of seeing climate change legislation as something from which they need protecting.
FORUM: O'Reilly on leadership group
14 Nov 2008
Your November 11 article O’Reilly questions future of leadership forum could be interpreted as criticism of the individuals on the Leadership Forum on Climate Change.
Hide stands firm: ETS should be scrapped
11 Nov 2008
The future of the emissions trading scheme is back on the table today as National and Act continue negotiations to form a government.
Ditch ETS and we're in big trouble, say business bosses
11 Nov 2008
Business leaders are warning against scrapping the emissions trading scheme, saying New Zealand risks international trade sanctions and missing out on business opportunities.
Time for another look at carbon tax, say farmers
11 Nov 2008
Federated Farmers wants the carbon tax revisited.
O'Reilly questions future of leadership forum
11 Nov 2008
Business New Zealand chief Phil O’Reilly is questioning the future role of the Leadership Forum on Climate Change in overhauling the emissions trading scheme, saying that it is highly politicised.
Rudd under pressure to water down emissions scheme
11 Nov 2008
Australian Prime Minister Kevin Rudd is under pressure to water down his government’s plans to tackle climate change as the global financial crisis threatens jobs and economic growth, experts say.
Labour eyes nation-wide electric-car charging network
7 Nov 2008
The Labour Party has announced an election-eve plan for a nationwide infrastructure to recharge electric cars, saying New Zealand could be the first country in the world to get such a network in place.
Nat's bedfellows happy to cuddle up with energy policy
7 Nov 2008
National’s energy policy sits well with two of its three likely coalition partners.
Fisheries TAG in the wings as others wind down
7 Nov 2008
A fisheries ETS technical advisory group is due to be set up next year, but most other advisory groups are winding up.
Concrete makers fear dose of the 'coal syndrome'
7 Nov 2008
The Cement and Concrete Association is sustaining its charm offensive for fear of catching the "coal syndrome" - in which a product becomes so politically negative that it's shipped out of the country to be used elsewhere.
New EU states team up against parts of climate plan
7 Nov 2008
Seven eastern members of the European Union have upheld a joint stand against parts of the bloc's climate package which they fear could harm their economies.
Parker jobs claim wrong, says coalition
7 Nov 2008
Climate Change Minister David Parker’s claims that the current emissions trading scheme will not only be good for the environment, but will increase jobs during the predicted slump, are completely at odds with the views of our leading economists, says the Greenhouse Policy Coalition.
Key ETS agriculture decisions out this month
4 Nov 2008
Officials’ recommendations on how the emissions trading scheme should be applied to the agricultural sector – including the controversial point-of-obligation – will be released at the end of this month.
Agriculture and emissions trading don’t mix, says report
4 Nov 2008
Imposing emissions trading on to agriculture is like trying to fit a saddle on a cow, the Australian Government has been told in a report released yesterday.
Rudd government to go easy on emissions trading scheme
4 Nov 2008
The Australian Government has no ambitions to set an example by moving dramatically ahead of other countries with its emissions trading regime, Climate Change Minister Penny Wong says.
Global recession reaches carbon market
4 Nov 2008
The global economic recession will have a significant effect on the European carbon market, nearly halving the shortfall in EU Allowances (EUAs), according to a new projection in the latest weekly report from IDEAcarbon, a leading carbon market analysis and research firm.
Nervous foresters: We don't want policy flip-flops
31 Oct 2008
Foresters awaiting regulations due to released at the end of the year in order to make firm calculations of their carbon credits and liabilities fear that a new government might turn the existing policy on its head.
Forum leaders keen to keep on being heard
31 Oct 2008
The Climate Change Leadership Forum is making a bid to keep going.
Exporters fear impact of European emissions decisions
31 Oct 2008
New Zealand exporters say increased costs from recent emissions legislation decisions in Europe will be passed on to customers, but Air New Zealand isn’t talking about the potential impact on the cost of air freight and air travel.
Australian ETS not enough, says leading scientist
31 Oct 2008
Prominent scientist and 2007 Australian of the Year, Professor Tim Flannery, says that the Australian Emissions Trading Scheme is nowhere near sufficient.
Cement giant attacks EU carbon trading plans
31 Oct 2008
European cement giant Heidelberg says the European Commission's planned extension of its emissions trading scheme in 2013 could threaten cement production in the EU.
Economies continue to grow with emissions trading, says Parker
31 Oct 2008
A report released yesterday by the Australian government has confirmed that a country's economy will continue to grow with an emissions trading scheme, and it's cheaper to act sooner rather than later, Climate Change Minister David Parker said.
ETS will put us out of business, says horticulture chief
28 Oct 2008
The horticulture sector’s official body says that the ETS legislation was enacted in dangerous haste and will put many of its members out of business.
Officials working on plan if Bluff smelter is sold
28 Oct 2008
Officials from a swathe of government agencies are quietly drawing up a contingency plan for the Bluff aluminum smelter at Tiwai Point.
Contact puts $75 million price tag on carbon commitment
24 Oct 2008
Contact Energy expects its carbon liability to cost it at least $75 million a year.
Now is the time to get out of Kyoto, says Hide
24 Oct 2008
ACT party leader Rodney Hide says New Zealand should pull out of the Kyoto Protocol in the face of increased pressures on businesses and households caused by the global financial crisis - but it won’t be a make-or-break issue during any post-election discussions with National.
MAF’s master tool for farm emissions measurement in doubt
24 Oct 2008
The efficiency of a proprietary, home-grown software package that underpins much of the ETS and Kyoto governance calculations is increasingly being called into question.
Britain to auction first carbon allowances next month
24 Oct 2008
The British government has announced it will auction its first batch of carbon credits under the Emissions Trading Scheme next month.
Financial crisis blurs Australian Treasury's carbon view
24 Oct 2008
The Australian federal Treasury says its modelling that underpins the country’s imminent switch to carbon trading does not include analysis about the destructive impact of the global financial crisis.
Speed up ETS preparations, Australian businesses told
24 Oct 2008
Australian business leaders have been warned to speed up preparation for the incoming emissions trading scheme despite the credit crisis.
Nasdaq buy-out leads it into emissions trading market
24 Oct 2008
Exchange operator Nasdaq OMX Group has announced that it will use assets from a recent acquisition to move into energy and carbon derivatives.
Governments must vote in favour of moratorium on deep sea mining
Tue 29 Jul 2025
Media release - Greenpeace | The 30th session of the International Seabed Authority (ISA) has ended with Greenpeace saying governments are continuing to fall short in protecting the deep sea.
Does NZ need a national incentive scheme for wetlands?
Fri 25 Jul 2025
By Liz Kivi | An expert is calling for a national incentive programme to restore New Zealand’s wetlands and wants to stop schemes to drain these vital carbon-sequestering ecosystems.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns
18 Jul 2025
Amid suspected fraud in the production of sustainable aviation fuel (SAF), a new report says the airline industry should stop calling all alternatives to kerosene “sustainable”.
Challenges persist in bid to mine the deep sea, even after boost from Trump
Tue 29 Jul 2025
After years of delay, the deep-sea mining plans of Canadian firm The Metals Company (TMC) now appear to be progressing as it pursues a controversial new path to securing a license to mine in international waters under U.S. jurisdiction.
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.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
At least 30 killed and several missing as heavy rains and floods lash northern China
Today 11:45am
Thousands of people were evacuated as the region, including the capital Beijing, braced for more rainfall overnight.
Bearish sentiment lingers for carbon market
11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
Multi-day protest continues at coal mine
Today 11:45am
Bathurst Resources has been forced to truck coal from its Stockton mine as climate activists occupy coal buckets at the mine for a third day.
Forestry can be a big plus for sheep and beef farmers – but there are caveats
22 Jul 2025
By Keith Woodford | OPINION: These are good times for sheep and beef farmers with record product prices for meat, which is precisely why now is the time for sheep and beef farmers to be looking again at farm forestry.
Common low-grade clay strengthens low-carbon concrete
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.
NZ voluntary carbon market’s sad state
14 Jul 2025
By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.
Hiringa eyes green methanol plant near Whanganui
Tue 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.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
A third of ‘slum residents’ in global south are exposed to disastrous flood risks
Today 11:45am
One in three people in informal settlements in the global south live in floodplains and are at risk of a “disastrous flood”.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Wilding pines threaten Molesworth Station
Mon 28 Jul 2025
By Shannon Morris-Williams | Without increased support, the unchecked spread of wilding pines will continue to creep across Marlborough’s high country – putting iconic landscapes and one of New Zealand’s top five biodiversity hotspots at serious risk, according to an expert.
EV sales fall, but it’s complicated
Tue 29 Jul 2025
Imports of fully electric vehicles fell over 50% in value during the 12 months to June 2025, compared with the year ended June 2024, according to Stats NZ.
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.
SBTi releases Net Zero Standard for banks, investors
Thu 24 Jul 2025
The Science Based Targets initiative announced the release of its finalised Financial Institutions Net-Zero Standard, aimed at enabling banks and investors to set net zero-aligned targets for their lending, investing, insurance and capital markets activities.
NZ part of hidden global deep-sea network beneath the waves
Fri 25 Jul 2025
Media release - Earth Sciences New Zealand | A world-first study of marine life, including sea creatures found in New Zealand's dark, cold, pressurised ocean depths, has revealed that deep-sea life is surprisingly more connected than previously thought.
‘Ideological sludge’: How NZ is quiet quitting climate action
17 Jul 2025
New Zealand once stood out as a world leader on climate change. In June it became the first country in the world to abandon a commitment to phase out oil, gas and coal.
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.
Taranaki mayors want hydrogen kick-start from Wellington
Mon 28 Jul 2025
By Craig Ashworth, Local Democracy Reporter Taranaki mayors want central government to partner up with their councils to kick-start a hydrogen industry. This despite ongoing questions about the gas’s effectiveness in reducing carbon emissions.
Climate catastrophes are creating a ‘new market reality’ for insurance carriers
23 Jul 2025
Raging wildfires and severe storms contributed to record-high global insurance losses — totalling an estimated US$84 billion — for the first six months of the year.
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.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
Fri 25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
All aboard for passenger rail in the golden triangle
Mon 28 Jul 2025
Media release – The Future Is Rail | New Zealand’s national passenger rail advocacy group, The Future is Rail, has announced its strong support for the Green Party’s proposal to establish a new passenger rail service connecting Auckland and Tauranga.
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.
Toxic algae are turning South Australia’s coral reefs into underwater graveyards
Tue 29 Jul 2025
Since March, a harmful algal bloom, fueled by a marine heat wave, has been choking South Australia’s coastline.
NZ govt’s fossil fuel plans could break international law
Thu 24 Jul 2025
By Liz Kivi | The government could be breaching international law with its plans to subsidise and expand fossil fuel extraction, following a ruling overnight from the world’s highest court.
Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’
11 Jul 2025
In the midst of a record-breaking heatwave in Europe, the UK city of Exeter recently played host to the second international conference on “tipping points”.
‘Total infiltration’: How plastics industry swamped vital global treaty talks
Mon 28 Jul 2025
Petrostates and well-funded lobbyists at UN-hosted talks are derailing a deal to cut plastic production and protect people and the planet.
Media round-up
Fri 25 Jul 2025
In our round-up of the climate coverage in local media: Dairy conversions surge; Gore is hit with a drinking water crisis; meanwhile farming lobby groups Groundswell and Federated Farmers are up in arms about a plan to classify environmental impacts in the agriculture and forestry sector.
As US climate data-gathering is gutted, Australian forecasting is now at real risk
Today 11:45am
As damage from climate change intensifies, political change overseas is threatening Australia’s ability to track what’s happening now, and predict what will happen next.
Activists sue US development bank over $4.6bn loan to massive Mozambique gas project
18 Jul 2025
Environmental groups claim loan is ‘unlawful’ in legal filing.
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.
China's carbon emissions may have peaked thanks to renewables push
Mon 28 Jul 2025
Climate experts say China's carbon emissions may have peaked, which could affect global climate targets, the fight against global warming – and the Australian coal industry.
Ocean heatwaves may signal climate tipping point
Fri 25 Jul 2025
A recent study that tapped into satellite data has revealed that 2023 marked an unprecedented year for marine heatwaves, with record-breaking levels of duration, reach and intensity across the world's oceans.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Can robot taxis solve NZ's transport woes?
23 Jul 2025
By Shannon Morris-Williams | The Ministry of Transport has tested the idea of driverless taxis as a futuristic fix. But while new modelling explores how "robotaxis" could ease congestion and reduce car ownership, critics say it misses a crucial point – the country’s worsening transport emissions.
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.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
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.
The struggle for control of the Arctic is accelerating - and it's riskier than ever
11 Jul 2025
As the battle for one of the world’s coldest places heats up, an increasingly fragile security balance may be breaking down, leading to an escalating arms race.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
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.
