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Topics tagged with 'NZ ETS'

More in: NZ ETS
Previous 1 ... 3 4 5 6 7 8 9 ... 56 6 of 56 Next

Biodiversity finance? Definitely. Biodiversity credits? Maybe

24 Nov 2023

By Jeremy Rose | The Parliamentary Commissioner for the Environment and some of the country’s major environmental groups have questioned the government’s one-eyed focus on biodiversity credits.

Toitū to stop accepting NZUs

23 Nov 2023

Toitū Envirocare, the government’s carbon certification service, announced today that it will transition away from accepting New Zealand carbon credits in its carbon certification programmes.

Carbon price steady amidst political uncertainty

16 Nov 2023

The carbon price has pushed through the $70 mark over the last past two months, from a low of $64 in late September to a high last week of $71.25.

ETS participants relying on banked NZUs

16 Nov 2023

NZ ETS participants stockpiling NZUs for future liabilities, uncertainty concerning changes to the regulatory framework, and the looming general election all contributed to ETS auctions failing to clear this year, according to Ministry for the Environment briefing papers released under the OIA.

Taskforce recommends continuous canopy forestry for Nelson

9 Nov 2023

A taskforce is calling for a halt to clear-felling on Nelson council land, and a transition to a continuous canopy of mixed species to replace the council’s commercial forestry operations, as part of a set of recommendations that will be presented to Nelson City Council today.

Carbon price predicted to go close to $100 in 2024

8 Nov 2023

An expert is picking a bump in the carbon price if the December auction doesn’t clear, predicting it will to go up to between $80 and $100 next year - with an expectation it will be closer to $100.

Profitability of status quo standing in the way of renewable energy transition

27 Oct 2023

Lack of political leadership and an industry that profits from the status quo are standing in the way of the transition to renewable electricity, according to Octopus Energy chief operating officer Margaret Cooney.

Salt CO2 fund continues to acquire its own units

16 Oct 2023

The Salt CO2 fund is continuing to purchase its own units but is undecided how it will dispose of its growing stockpile of treasury stock.

NZX updates ETS auction calendars

13 Oct 2023

NZX has updated the Emissions Trading Scheme auction calendars, with new settings in line with Climate Change Commission recommendations.

Biodiversity credit market could encourage sustainable land use - new research

12 Oct 2023

A biodiversity credit market could help farmers make their businesses more resilient as well as helping them to meet environmental targets, according to a new study.

Foresters take legal action against new ETS fees

10 Oct 2023

Foresters have filed a judicial review aiming to stop the government’s new fee system for forestry in the Emissions Trading Scheme, which they say will increase costs by several thousand percent.

Govt releases Cabinet papers on ETS forestry charges

5 Oct 2023

The government has proactively released cabinet papers on controversial new charges for forestry in the Emissions Trading Scheme.

Govt defends new charges for forestry in ETS

3 Oct 2023

The government is defending new charges in the Emissions Trading Scheme, which foresters say will discourage planting, and some say could be open to legal challenges.

Likely ETS auction failure will eat into stockpile

29 Sep 2023

The likely failure of the final ETS auction of the year in December would result in a significant chunk of the current stockpile evaporating.

CO2 fund gobbling up its own product

28 Sep 2023

Salt Management's Carbon Fund spent more than $1.2 million buying units in its own fund over the last month.

Differing visions for Climate Change Commission

27 Sep 2023

By Jeremy Rose | The Act Party wants it abolished, NZ First is calling for its head’s head, and Labour, the Greens and TOP want it given more powers.

Foresters say new ETS charges will discourage planting

22 Sep 2023

Foresters say that new charges for forestry in the ETS will penalise sustainable forestry and disincentivise planting when it is most needed.

Farmers call for methane review based on flawed report, says expert

19 Sep 2023

The agriculture sector is calling for a review of New Zealand’s methane targets, citing a report suggesting Kiwi farmers are being asked to do more than their fair share in terms of reductions.

NZUs drop again

19 Sep 2023

The price of NZUs has dipped again, down $4 from $73 last week.

ETS cap likely to flatline under ACT policy

14 Sep 2023

By Jeremy Rose | If Act’s policy of linking New Zealand’s carbon emission’s cap to the reductions of our five largest trading partners is adopted by the incoming government it would in theory see next year’s cap going up not down.

Carbon price hovers around $73

13 Sep 2023

The NZU price is up $2 since early last week, with a price bump both before and after last week’s auction.

NZ must improve how it puts together plans for emissions reductions: Environment Commissioner

8 Sep 2023

Make it coherent and have the Prime Minister take the lead: Those are two pieces of advice the Parliamentary Commissioner for the Environment wants the incoming government to take to heart when formulating plans to cut emissions.

How will Treasury treat missing ETS revenue ahead of election?

7 Sep 2023

Experts are questioning how Treasury will treat the potential $1 billion of missing revenue from this year’s Emissions Trading Scheme auctions, with reporting due next week ahead of the election.

Third consecutive ETS auction fails

6 Sep 2023

Today’s ETS auction has been declined because the clearing price did not meet the minimum price settings, with no winning bids as a result - and an increasing likelihood that the December auction will also fail.

Carbon price up ahead of Wednesday auction

4 Sep 2023

The carbon price pushed through the $70 mark at the end of last week, last fixing at $71 on Commtrade on Friday. It has climbed $6 in the past two weeks to its highest point since February - more than double the price just two months ago.

Concerns around NZU reporting

1 Sep 2023

Emissions Trading Scheme participants are calling for better accuracy and transparency in NZU movement reporting, after two reporting glitches have led to serious questions.

Petition calls to end free carbon credits for big emitters

1 Sep 2023

A group of NGOs and activists have launched a petition calling for an end to free carbon credits for industry and for the system to be replaced by a carbon border mechanism.

National’s climate “dividend” isn’t really a dividend - and could increase emissions

31 Aug 2023

By Liz Kivi | Yesterday the National Party announced a “climate dividend” amid much fanfare as part of its $14.6 billion package of tax cuts.

National announces climate dividend

30 Aug 2023

The National Party has announced a climate dividend that would use funding from the Emissions Trading Scheme as part of a package of tax cuts aimed to support New Zealand’s “squeezed middle.”

Consultation on exotic hardwoods and carbon tables in the ETS

30 Aug 2023

The Ministry for Primary Industries is consulting on recognising space-plantings and exotic hardwoods in the New Zealand Emissions Trading Scheme.

IMF warns NZ at risk of failing international emissions obligations

29 Aug 2023

The International Monetary Fund says New Zealand must do more to meet its Nationally Determined Contribution (NDC) for 2030, and is off track to meet its international obligations.

Govt cuts more than $200 million from climate funds to “tighten belts”

29 Aug 2023

The government is slashing funding to climate emissions reduction programmes as part of “belt tightening” measures, with more than $235 million in cuts to projects planned to reduce emissions.

Green Party announces climate adaptation fund

28 Aug 2023

The Green Party has announced a $750 million fund for councils to put in place nature-based solutions, aiming to cut emissions and protect communities from climate change impacts.

Analysts predict carbon price will hit $140 by 2050

25 Aug 2023

Analysts are predicting the spot price of NZUs will rise to $150 by 2050 - a level they say will negatively affect some of New Zealand’s big energy gentailers and encourage behavioural change from carbon polluters.

Work on market governance framework for ETS underway

23 Aug 2023

The government is developing a market governance framework for the Emissions Trading Scheme. It is also progressing work on an optional exchange for the secondary market.

Unexplained anomaly in NZU surrenders

23 Aug 2023

An unexplained reporting anomaly suggests a big emitter - or emitters - are late submitting their NZU surrenders, with about 13 million units unaccounted for.

Secondary carbon market “pops” to 5-month high, ETS announcement later today

22 Aug 2023

The NZU price hit a 5-month high late last week, trading as high as $66.50 on Friday - up 10% for the week.

Updated bill “big win” for climate

17 Aug 2023

Activists are claiming a climate bill update as a significant win against big polluters - with 800,000 tonnes of subsidised carbon dioxide pollution now cut from free allocations.

ETS needs to incentivise gross emissions reductions: Consultations close tomorrow

10 Aug 2023

By Ann Smith | Although New Zealand has updated its international commitment to reduce emissions, it is still ranked as “Highly Insufficient” by Climate Action Tracker.

Tender for forestry NZUs

9 Aug 2023

An unnamed buyer is in the market for a “significant volume” of forestry NZUs through a tender process.

Māori forestry lobby welcomes Nat’s commitment to leave ETS unchanged

7 Aug 2023

Māori forestry group Te Taumata has welcomed a National Party statement that they would not make major changes to the Emissions Trading Scheme if voted into government at the upcoming election.

Carbon price fluctuates with potential for more volatility

2 Aug 2023

It’s been a big week for NZUs on the secondary market, with the price rising almost $18 to $65 on Wednesday last week, hovering around $60 for several days, but then dipping below the $60 mark.

Energy Council releases wish list for the next govt

31 Jul 2023

The BusinessNZ Energy Council says the next government should set long-term energy goals and stick to them - without reactive kneejerk policy changes.

Foresters welcome ETS reset

27 Jul 2023

Foresters have welcomed the government’s reset of Emissions Trading Scheme auction settings, saying it should incentivise forestry and wood processing investors for the embattled industry.

Forestry consultations

27 Jul 2023

The Ministry for Primary Industries is consulting on two forestry-related issues, with the deadline for one just a week away.

Govt U-turn adopting Commission’s advice on ETS auction settings

26 Jul 2023

The government has adopted the Climate Change Commission’s advice on ETS auction settings from December, with a significantly higher floor price, lower auction volumes, and two-tiers of much higher prices for the cost containment reserve.

Carbon price bounces but how high will it go?

26 Jul 2023

Pundits are picking the government’s decision to adopt most of the Climate Change Commission’s ETS recommendations, rejected by Cabinet last year, will result in a sustained increase in the price of carbon. But few expect it to return to the $88.50 high of last November anytime soon.

Govt signals ETS announcement, market “drifting”

25 Jul 2023

The Ministry for the Environment has signalled it will make an announcement about the Emissions Trading Scheme tonight, after the market closes.

The ETS works just fine, but unaffordable, ideological reforms will set us back

25 Jul 2023

By Andrew Cushen | OPINION: We are seeing a lot of noise about the Emissions Trading Scheme at the moment. If you listen to the likes of Climate Change Minister James Shaw, and previous Carbon News correspondent, Deirdre Kent, you may be thinking the scheme is a failure and in desperate need of reform.

Greens and NZ First launch election campaigns

24 Jul 2023

The Greens and NZ First were the first parties to officially launch their election campaigns over the weekend, with the climate crisis a core part of the Greens campaign - while it got only a passing mention at the NZ First launch.

Adaptation
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How flying can be a climate solution

Today 10:45am

By Paul Callister and Robert McLachlan - Planetary Ecology | How can aviation contribute to tackling climate change when no practicable technology-based solutions are on the horizon?

Agriculture
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Forestry consents and relaxed rules in erosion zones sow seeds of future disaster

Fri 13 Jun 2025

OPINION: The government’s move to restrict exotic forestry on our best food-growing soils will push even more forestry investment onto high erosion risk land on the East Coast, with the worst land becoming the only land left for the most intensive and destructive land use, writes Manu Caddie

Airlines
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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?

Aviation
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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.

Biodiversity
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Sanctuary Mountain Maungatautari

'Time is right' for nature credits

Fri 13 Jun 2025

Media release | Sanctuary Mountain Maungatautari and Ekos are thrilled to be partnering with central government on the development of a voluntary Nature Credits Market pilot programme, announced by Associate Minister for the Environment Andrew Hoggard yesterday.

Biofuels
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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.

Carbon Credits
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Carbon auction odds-on to fail

Fri 13 Jun 2025

By Liz Kivi | The carbon price has rallied slightly in recent weeks, however with secondary market prices still hovering around the $57 mark, well below this year’s $68 auction floor price, next week’s Emissions Trading Scheme auction looks set to fail.

Carbon News world
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World leaders’ failure to act is pushing Earth past 1.5°C

Today 10:45am

Based on mounting evidence, some scientists now fear we’ve entered a new era of the climate emergency, characterized by accelerated warming and amplified disasters.

Carbon prices
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Govt mulls status quo for ETS auction settings

29 May 2025

By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.

Coal
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China's approvals of coal power plants grow after 2024 decline

Wed 11 Jun 2025

China approved 11.29 gigawatts of new coal power plants in the first three months of 2025, already exceeding the 10.34 GW approved in the first half of 2024.

Comment
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Credit: International Institute for Sustainable Development

A credible UN carbon market needs rules that count – we’ve just set them

Wed 11 Jun 2025

COMMENT: The broad standards for a more ambitious market are now in place. But without a steady flow of investment, this progress will remain largely on paper.

Construction
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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.

COP
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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.

Emissions trading
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Climate Change and Energy minister Simon Watts (left) with Genesis Energy chief executive Malcolm Johns.

Legal experts sue Climate minister over ‘glaring holes’ in climate plan

Wed 11 Jun 2025

By Liz Kivi | Legal experts are taking the government to court over its Emissions Reduction Plan, alleging it fails to fulfil basic requirements of the law – with one of the arguments focussing on an over-reliance on tree-planting.

Energy
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Electric firebricks: decarbonising high-temperature industrial heat

Fri 13 Jun 2025

By Ian Mason | A new technology could offer a more cost-effective solution than hydrogen to decarbonise one ‘hard-to-abate’ sector of New Zealand’s economy, as well as having ample potential for demand response as the electricity grid becomes more renewable.

Extinction
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Gas tanks at Te Whakaraupō Lyttelton Harbour

Govt budgets $200m for would-be gas investors

23 May 2025

By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.

Extreme weather
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Extreme ocean warming engulfed South-West Pacific in 2024

6 Jun 2025

By Shannon Morris-Williams | Unprecedented ocean warming engulfed the South-West Pacific in 2024, with extreme heat and rainfall causing deadly and devastating impacts and sea level rise threatening entire islands.

Fishing
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Government undermines regional powers to protect coastal biodiversity

Today 10:45am

Media Release | The Environmental Defence Society opposes the Government’s decision to press ahead with amendments to the Resource Management Act that severely curtail the ability of regional councils to manage the impacts of fishing on coastal marine biodiversity.

Forestry
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UN University report warns against carbon credits from REDD, tree planting, and improved forest management

Fri 13 Jun 2025

But the report stops short of recommending banning the trade in carbon temporarily stored in trees.

Gas
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Labor accused of ‘gaslighting’ Australians on climate crisis as fossil fuel projects keep getting approved

9 Jun 2025

‘They offer sympathy and then just go and approve massive fossil fuel projects anyway,’ one advocate says.

Geothermal
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Energy Minister Simon Watts addressing the CEP conference in Auckland this week

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.

Green finance
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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.

Greenhouse Effect
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As methane climate impacts soar, NGOs, scientists, and advocates launch campaign to 'pull the methane emergency brake'

Fri 13 Jun 2025

Media release | International NGOs, scientists, and climate advocates are launching a global campaign calling for deep, rapid, mandatory cuts in methane emissions as the best way to lower near-term global temperature rise.

Greenwashing
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Professor Jane Kelsey

Govt uses climate change as ‘Trojan horse’ for other objectives

Tue 10 Jun 2025

By Shannon Morris-Williams | The Waitangi Tribunal has heard that the New Zealand Government’s international trade and investment agreements are failing to meet Tiriti o Waitangi obligations in the context of climate change – prioritising commercial interests while sidelining Māori rights and worldviews.

Hydro power
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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.

Hydrogen
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What happened to the hydrogen economy?

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.

Insurance
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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.

Kyoto
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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.

Litigation
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Members of the Parents for Climate group, and lawyer David Hertzberg, outside the federal court in Sydney. The advocacy group accused Energy Australia of greenwashing. The parties have now agreed to a settlement.

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.

Low carbon
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Could ‘orange’ hydrogen be NZ’s key to net-zero?

30 May 2025

By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.

Market advice
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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.

Mining
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Rachel Arnott with kaumatua Ngāpari Nui at the New Plymouth District Council committee

Tribunal asked to halt seabed mine fast-track

Today 10:45am

By Craig Ashworth, Local Democracy Reporter | South Taranaki hapū want the Waitangi Tribunal to halt a fast-track bid to mine the seabed off Pātea.

Oceans
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Ocean current ‘collapse’ could trigger ‘profound cooling’ in northern Europe – even with global warming

Fri 13 Jun 2025

A “collapse” of key Atlantic ocean currents would cause winter temperatures to plunge across northern Europe, overriding the warming driven by human activity.

Paris Agreement
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James Treadwell, president of the New Zealand Institute of Forestry

Foresters baulk at restrictions, land ballots

Wed 11 Jun 2025

By Liz Kivi | Forestry groups say that new legislation will introduce further uncertainty for planting plans and poses a threat to climate targets.

Planetary boundaries
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Fight over coal mine heats up

30 May 2025

Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.

Plastics
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The microplastics found on a Waikato beach

Microplastics found in sand on dozens of NZ beaches

4 Jun 2025

Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.

Policy development
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Legislation introduced to restrict farm-to-forest conversions

Tue 10 Jun 2025

Agriculture and Forestry Minister Todd McClay has today introduced a bill to Parliament that he says will put a stop to large-scale farm-to-forestry conversions.

Protest
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Israel deports activist Greta Thunberg after military seized Gaza Freedom Flotilla ship

Thu 12 Jun 2025

Israel deported activist Greta Thunberg on Tuesday, the country's Foreign Ministry said, a day after the Gaza-bound ship she was on with 11 other people was seized by the Israeli military.

Rare earth minerals
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New Zealand Minerals Council chief executive Josie Vidal

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.

Renewable energy
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Could Queenstown become the world’s most electric city?

Wed 11 Jun 2025

By Shannon Morris-Williams | Queenstown is set to become the focus of an ambitious initiative aiming to transform it into the world’s most electrified destination.

Science
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Richard Hills

Climate progress slowing, says Auckland councillor

5 Jun 2025

By Shannon Morris-Williams | The devastating cyclone that tore through Tāmaki Makaurau in 2023 left behind more than just broken infrastructure, sparking calls to focus on facts over ideology in the fight against climate change.

Tax
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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".

Technology
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Biochar's negative emissions tech coming to Fieldays

6 Jun 2025

Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.

The House
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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.

Transport
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Richard Briggs

“It’s not the car – it’s how we move” – EECA

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.

United Nations
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Rapid action vital following UN Ocean Conference – experts

Thu 12 Jun 2025

New Zealand-based experts are calling for rapid and transformative action to restore nature - and our relationship with it - at the third UN Ocean Conference in France this week.

Waste
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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.

Water
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Govt's RMA overhaul sparks fears for nature and climate

30 May 2025

By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.

Wildfires
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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.

Wind energy
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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.

More in: NZ ETS
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