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Topics tagged with 'NZ ETS'

More in: NZ ETS
Previous 1 ... 4 5 6 7 8 9 10 ... 56 7 of 56 Next

ETS reforms puts $16 billion of potential Māori forestry earnings at risk, UN told

21 Jul 2023

By Jeremy Rose | A representative of Māori forestry interests in the Far North this week told a United Nations hearing in Geneva that the government’s ETS reforms were putting a $16 billion economic opportunity at risk

Govt gives Fonterra $90 million as part of $790 million spend to cut coal

20 Jul 2023

The government is giving Fonterra $90 million as part of a $790 million investment to cut coal use at six of its dairy factories.

Carbon price jumps 30%

19 Jul 2023

The price of NZUs on the secondary market has rebounded since last week’s unexpected revelation that the government would be forced to change Emissions Trading Scheme settings.

Carbon stockpile down

19 Jul 2023

The “stockpile” of NZUs is down after the last surrender deadline, with emitters using primarily forestry or industrial allocation to meet their obligations under the ETS.

High Court orders govt to review ETS settings

17 Jul 2023

By Liz Kivi | The government will be forced to review Emissions Trading Scheme settings, after climate activist lawyers won a High Court case arguing the decision-making process for the December 2022 regulations was flawed.

Isn’t it time to admit the Emissions Trading Scheme will never work?

13 Jul 2023

By Deirdre Kent | OPINION: The ETS won’t work and the time has come to explore other methods of reducing emissions instead, like Tradable Energy Quotas.

Govt to include carbon sinks in Emissions Trading Scheme

12 Jul 2023

Cabinet agreed last week to reform the Emissions Trading Scheme to recognise all forms of carbon sinks rather than just forestry.

Forestry lobbying heats up over ETS review

11 Jul 2023

Forestry interests are continuing their campaign to ensure forestry retains value under a reviewed Emissions Trading Scheme, with another open letter to the government saying climate goals are at risk.

Govt launches consultation on biodiversity credits

7 Jul 2023

The government has launched consultation on a national biodiversity credit system, which it says could address “the gap” between exotic and native forests under the emissions trading scheme.

Carbon price crashes, “split market” developing

7 Jul 2023

The carbon price dropped to a two-year low this week, and insiders say a split market is developing, with lower prices for forestry-derived NZUs.

Foresters launch campaign to stop their carbon credits losing value

6 Jul 2023

The climate change minister says a new campaign entitled “Halt the NZU Grab” is spreading misleading information.

Forestry investment at risk, along with climate targets

4 Jul 2023

By Liz Kivi | Foresters may lose their businesses if the carbon price stays low, with contractors already losing their jobs.

NZU spot price drops further

29 Jun 2023

The price of NZUs on the secondary market is in freefall following the government’s consultation announcement on ETS settings and restrictions on permanent forestry.

Polluters aiming to meet ETS obligations at auction: report

29 Jun 2023

Nearly half the bidders in June’s declined carbon auction were polluters aiming to meet ETS obligations, and their bids would have been successful if the auction had cleared.

Forestry Institute's open letter warns NZ may fail to meet climate commitments

23 Jun 2023

The New Zealand Forestry Institute has penned an open letter to MPs and the media outlining “deep concerns” about the future of forests and forest investment, with climate commitments at stake.

Carbon credits: how do you know if you’re buying quality?

23 Jun 2023

By Ann Smith | COMMENT: It doesn’t matter whether carbon credits originate in New Zealand or from overseas, they can be credible or they can be questionable. So how do you tell the difference between high quality carbon credits and those of questionable origin?

Best by the rest...

23 Jun 2023

In our weekly round-up of the best climate coverage in local media: major risks to NZ’s climate plan; experts argue that the ETS shouldn't be our only weapon against the climate crisis; and the Forever Project’s quarterly magazine looks at future farms.

Carbon price plummets: what does ETS review mean for future prices?

22 Jun 2023

By Liz Kivi | The carbon price on the secondary market has slumped to its lowest point since 2021 in the wake of the government’s ETS announcement, after rallying briefly following last week’s failed Emissions Trading Scheme auction.

ETS forestry review critical to achieving emissions goals

20 Jun 2023

By Christina Hood | COMMENT: The government’s review of the Emissions Trading Scheme is critical and long overdue, with the potential to drive much deeper gross emission cuts and set up forestry as the long-term carbon sink New Zealand needs for net-negative emissions. But if done badly, the review risks trading off these separate but important goals and achieving neither.

ETS review options will take too long to implement: expert

20 Jun 2023

Proposed changes to the ETS will take too long to come into effect and do not go far enough to solve the core issues, according to an expert.

ETS review looks at reducing NZUs at auction

19 Jun 2023

The government has opened public consultation on the New Zealand Emissions Trading Scheme as well as consultation on redesigning its Permanent Forest Category.

Best by the rest...

16 Jun 2023

In our weekly round-up of the best climate coverage in local media: Antarctic tipping points: the irreversible changes to come if we fail to keep warming below 2℃, climate change minister says NZ must pick a team; and warming seas threaten Māori food sources.

ETS auction fails to clear

14 Jun 2023

Today’s ETS auction has been declined because the clearing price did not meet the minimum price settings. As a result, there are no winning bids.

The Transatlantic carbon-pricing clash

14 Jun 2023

Economists have long argued that regulation alone cannot bring about the reduction in global greenhouse-gas emissions that is needed to curb climate change; a carbon price is also essential.

National vows to keep agricultural emissions out of the ETS, restrict forestry planting

13 Jun 2023

By Liz Kivi | The NZ Institute of Forestry says the National Party’s newly unveiled climate and agricultural policy will hinder the country’s climate goals.

Best by the rest...

9 Jun 2023

In our weekly round-up of the best climate coverage in local media: Climate scientist James Renwick says, on a finite planet, never-ending growth of anything is unsustainable; National says He Waka Eke Noa is “dead”; and Taranaki council wants seabed mining banned.

What if all auctions fail this year? Does the Registry oversupply problem disappear?

8 Jun 2023

By Nigel Brunel | COMMENT: All 2023's ETS carbon auctions failing is one of many scenarios for NZU prices in the next 12 months. But it could go a long way to solving the registry oversupply if it happens.

High court action requesting a delay on ETS consultation fails

7 Jun 2023

There was a move in the high court to delay the release of the ETS consultation. The court ruled against the request.

Battle lines harden over how to slash CO2

7 Jun 2023

Banish fossil fuels, capture their emissions, pull CO2 from thin air -- diplomats in Bonn for UN-led climate talks agree there's too much planet-warming carbon dioxide in the atmosphere, but remain at loggerheads on the best way to reduce it.

Offshore unit procrastination could cost NZ billions

6 Jun 2023

New Zealand must buy around 80mt offshore carbon units to meet its Paris NDC commitment in 2030.

Which deserves a carbon credit – nature or technology?

6 Jun 2023

The United Nations has drafted a document that will define a new global carbon market for years to come, which seems to favor nature-based solutions over technological or engineered carbon removals.

Price collapse causes 20% loss for carbon fund

29 May 2023

Carbon prices collapsed at the end of 2022, causing more than 20% loss to Salt Management’s carbon fund in the 12 months to March.

Govt, NZ Steel to take action towards a low emissions economy

22 May 2023

The government will invest up to $140 million to subsidise one of the country’s largest greenhouse gas emitters, making it New Zealand’s biggest decarbonisation plan to date.

NZ ETS consultation launched

22 May 2023

The NZ government announced a four week consultation on proposals to update “unit limits and price control settings for the New Zealand Emissions Trading Scheme (ETS)”.

Offsetting and carbon neutral claims in the dock

19 May 2023

By Ann Smith | COMMENT: Over the past few months, The Guardian has published five or more articles questioning the integrity of carbon offset projects that have been certified by well-known international organisations that issue carbon credits.

And it’s goodbye from me…

15 May 2023

By Jeremy Rose | Today’s my last day with Carbon News.

Seeing REDD

15 May 2023

By Ann Smith | COMMENT: A REDD+ carbon offset project in Southland was the subject of negative press last week. However the project’s aim of preserving indigenous forest is critically important in the fight against climate change.

Government in the dock over ETS decisions

10 May 2023

Lawyers for Climate Action New Zealand (LCANZI) has filed high court proceedings challenging Cabinet’s rejection of the Climate Change Commission’s advice on the emissions trading scheme settings.

Meat lobby report slams forestry role in ETS

5 May 2023

A report commissioned by New Zealand Beef + Lamb has unsurprisingly found that the full inclusion of forestry offsetting in the ETS is out of step with other cap and trade systems internationally and is hindering New Zealand’s efforts to decarbonise.

Market indifferent to commission’s advice

3 May 2023

By Jeremy Rose | Last Wednesday, journalists covering the release of the Climate Change Commission’s draft advice on the second emissions plan had to surrender their cellphones during a seven-and-a-half hour lock-up, and were under a strict embargo to coincide with the closing of the secondary carbon market.

Carbon auction clearing price well below confidential reserve

1 May 2023

The last carbon auction clearing price was 30% lower than the spot price at the failed March 15 auction.

Commission’s advice harks back to disregarded warnings from 30 years ago

28 Apr 2023

By Prof Ralph Chapman | It is both encouraging and depressing to see the arguments made about forest sequestration by the Climate Change Commission in its draft advice released this week.

ETS driving afforestation not emission reductions: Climate Change Commission

27 Apr 2023

The Climate Change Commission is calling for an overhaul of the ETS that separates incentives for gross emission reductions from those applying to forestry.

Europe's ETS sets tougher target

27 Apr 2023

EU countries have given the green light to the biggest overhaul to date of the bloc’s carbon market, raising costs for polluting industries and increasing its emissions reduction target from 43% to 62% by 2030.

Forestry issue lobbying intensifies

26 Apr 2023

As the deadline for the Ministerial Inquiry into Land Use in Tairāwhiti to report draws closer, lobbying over the issue has become more intense, especially with a new minister at the helm.

Barn-fed animals will have far lower emissions than NZ produced meat: Rod Carr

26 Apr 2023

Climate Change Commission chair Rod Carr says Europe's barn-fed livestock will increasingly have a far lower carbon footprint than meat produced in New Zealand.

Who's going to pay for the Government’s climate sweeteners now?

21 Apr 2023

The government has announced the latest round of its decarbonisation of industry fund, despite the very real possibility that the revenues from the Emissions Trading Scheme that pay for it could be non-existent this year.

Best by the rest...

21 Apr 2023

In our weekly round-up of the best climate reporting in local media: how the Environment Minister failed to stop a major polluter getting ahead of a climate law change; why the Climate Change Commission’s advice could increase costs for Kiwis; and crowdsourcing for Papatūānuku - Te Tairāwhiti style.

Tiny decrease in gross emissions, net emissions up slightly

14 Apr 2023

New Zealand’s net emissions increased slightly in 2021 - by 3% - while gross emissions were down a tiny 0.7% on the previous year, a slight reduction in gross emissions for the second consecutive year.

Climate Change Commission doubles-down on ETS advice

13 Apr 2023

The Climate Change Commission has doubled-down in its latest advice to government on the need to increase the trigger price for the emission trading scheme’s cost containment reserve.

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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