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Topics tagged with 'NZ ETS'

More in: NZ ETS
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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.

NZ might face $24 billion pricetag for offshore carbon credits to 2030: Treasury

11 Apr 2023

New Zealand might be facing a $24 billion bill to meet its international obligations for carbon emission reductions to 2030, according to a new report.

Best by the rest...

6 Apr 2023

In our weekly round-up of the best climate coverage in local media: The finance minister seeks advice on the ETS as carbon prices plummet; National’s climate policy is under scrutiny; and kaitiakitanga as climate action.

Govt's proposed changes will dish out millions more free carbon credits

5 Apr 2023

By Liz Kivi | Proposed changes to the Climate Change Response Act would give millions more free carbon credits to big polluters and contradict Aotearoa’s emissions reduction goals, according to an expert.

Commission consults on reduction targets, budgets, and international transport emissions

3 Apr 2023

The Climate Change Commission is calling for evidence to support its work on Aotearoa New Zealand’s emissions reduction targets and emissions budgets.

Minister warns Canadians may pay more in carbon tax than they receive in rebate

3 Apr 2023

Canada’s environment and climate change minister acknowledged that the average household may eventually pay more for the carbon price than it gets back in rebate payments, but says the Liberal government has other programs to help Canadians lower their energy costs overall.

Price of NZUs at 18-month low

29 Mar 2023

The price of NZUs has dropped to an 18-month low after a short-lived jump following the failed carbon auction on March 15.

EU plans early carbon market auctions from July

29 Mar 2023

The European Union plans to conduct early carbon market auctions, starting from July, to raise extra funds to help countries quit Russian gas and cut emissions, the European Commission said on Monday evening.

Best by the rest...

24 Mar 2023

In our weekly round-up of the best climate coverage in local media: the Climate Change Commision wants the Government to explain why it rejected advice; meanwhile, the commission failed to win legal costs from Lawyers for Climate Action NZ; and the Labour-Green coalition is under pressure as Labour dumps climate policies.

Govt announces review of the ETS

23 Mar 2023

The government has announced it is reviewing the Emissions Trading Scheme to see whether it can play a stronger role in driving New Zealand’s climate response.

Massive jump in ETS forestry land registrations

21 Mar 2023

Jeremy Rose | More than 221,000 hectares of forest land was registered in the ETS last year - not far off half of the total 500,000 plus hectares registered since the scheme came into force in 2008.

Failed ETS auction sees slight bump in price of NZUs on secondary market

16 Mar 2023

Yesterday’s failed ETS auction saw the price of NZUs jump by a few dollars on the secondary market.

ETS auction fails to clear

15 Mar 2023

The first ETS auction of the year failed to clear today.

Doubts about whether next week’s ETS auction will clear

8 Mar 2023

A week out from the first Emissions Trading Scheme auction of the year, the price of carbon on the secondary market continues its slide, closing at $65.75 yesterday, its lowest level since December 2021.

The price of carbon: it’s up, up and away in Europe and down, down, down in Aotearoa

3 Mar 2023

Last week the price of carbon hit €100 (NZ$170) for the first time. Meanwhile, in New Zealand the price of NZUs has settled at around $70 on the secondary market - down 24% from a peak of $88.50 in November last year.

Parliament unites to stop gifting of carbon credits to big emitters

22 Feb 2023

Parliament has unanimously supported the first reading of an amendment bill that puts an end to the over-allocation of carbon credits to trade-exposed industries. The current system of “industrial allocation” has seen some of the country’s biggest emitters receiving a $60 million annual windfall.

Australia's unlimited use of carbon offsets could lead to rise in emissions, report says

13 Feb 2023

An Australian government proposal to allow big polluters to use unlimited carbon offsets as an alternative to cutting their own greenhouse gases would likely greenlight new coal and gas developments and lead to a rise in emissions, a new analysis says.

Global carbon markets value hit record $909 billion last year

8 Feb 2023

The value of traded global markets for carbon dioxide (CO2) permits reached a record 850 billion euros ($909 billion) last year, analysts at Refinitiv said on Tuesday.

How will EU’s ‘green tariff’ impact China’s carbon market?

7 Feb 2023

European Union (EU) negotiators agreed in December to charge a carbon border tax on certain imports into the bloc, beginning in 2026.

Carbon trader calls on government to reverse ETS decision

3 Feb 2023

A carbon trader has opened a parliamentary petition calling on the government to accept all the Climate Change Commission’s recommendations relating to the Emissions Trading Scheme.

Price of NZUs drifting slowly lower

30 Jan 2023

NZUs closed on the Commtrade platform at the end of trade on Friday at $72.50, down from a high of $88.50 on the secondary market towards the end of last year.

Carbon capture only way to stay below 1.5 degrees: James Shaw

23 Dec 2022

Carbon capture is going to have to play role if the world is to keep global warming below 1.5 degrees, climate change minister James Shaw says.

Pay the polluters: academics

23 Dec 2022

It’s common for environmentalist to call for “polluters pay” taxes but now a group of Victoria University academics are calling for polluters to be paid to become truly sustainable.

New York adopts cap and trade as a pillar of climate action

21 Dec 2022

Sales of gasoline powered cars would be banned in 2035, natural gas hookups in new homes would be prohibited starting in 2025 and a statewide cap and trade program would be implemented by the end of the decade under the recommendations approved by a New York climate committee Monday.

MfE sees no need to investigate NZU price drop prior to govt announcement

20 Dec 2022

The Ministry for the Environment won’t be investigating a significant drop in the price of NZUs on the secondary market and the first drop in price at an ETS auction since the auctions began.

Price of carbon plummets in response to Cabinet rejection of Climate Change Commission recommendations

16 Dec 2022

By Jeremy Rose | Cabinet has ignored a Climate Change Commission recommendation to significantly increase the trigger price of the cost containment reserve and failed to reduce the number of credits available at auction by as much as the commission proposed.

ETS auction clears at $79.00

7 Dec 2022

The final ETS auction of the year cleared at $79.00 this morning.

London exchange lists its first carbon fund

7 Dec 2022

The London Stock Exchange is launching its first fund on its Voluntary Carbon Market (VCM), which aims to channel funding to climate mitigation projects that generate carbon credits, it said in a statement Monday.

Forestry ETS changes pass

5 Dec 2022

Among the bills to pass into law in Parliament’s recent Urgency session was the extension of the penalty transition regime for small forestry owners who remove trees.

Price of carbon down 6.8% over past fortnight

2 Dec 2022

With the final ETS auction of the year set to take place next Wednesday, the price of carbon on the secondary market has dropped by 6.8% since hitting an all-time high of $88.50 on November 14.

Carbon price hits all time high

15 Nov 2022

The price of carbon has hit new heights on the secondary market this week.

Govt considering setting up its own secondary carbon market

14 Nov 2022

By Ian Llewellyn - Energy & Environment | The government has asked for thoughts on it running a centrally-cleared secondary carbon market as another option to existing markets.

Best by the rest...

11 Nov 2022

In our weekly round-up of the best climate coverage in local media: The National Party say they will repeal the offshore oil and gas exploration ban if elected next year; concerns raised on environmental impacts of international productions filmed in New Zealand; and should Australia be hosting UN climate talks with Pacific Nations in 2026?

More than half a million hectares of forest now in ETS

7 Nov 2022

The Ministry for Primary Industries processed a record 37,753 hectares of forest land for the ETS in the month of October.

The case for using climate finance to create carbon markets

1 Nov 2022

Funding for carbon markets should become natural part of the climate finance toolkit, argues European Bank for Reconstruction and Development's Gerrit Held.

Why it's so hard to put a price on carbon

27 Oct 2022

In the past decade, the phrase “put a price on carbon” has gathered steam around the globe. And carbon pricing has been hailed by scientists, economists, and business leaders as one of the most cost-effective tools to decarbonize economies.

First Australia carbon budget balances climate risks

25 Oct 2022

For the first time, the Australian government must work within a financial budget and a carbon budget. Treasurer Jim Chalmers has confirmed his first budget, due out on Tuesday, will include a major analysis of the impact of climate on Australia's economy.

Environment Committee calls for submissions on Climate Change Response Amendment Bill

20 Oct 2022

The Environment Committee is calling for submissions on the Climate Change Response (Extension of Penalty Transition for Forestry Activities with Low Volume Emissions Liabilities) Amendment Bill.

ETS carbon stockpile grows by nearly 8 million tonnes over past year

19 Oct 2022

The stockpile of carbon units in the ETS grew by close to 8 million NZUs from September 2021 to September 2022.

Forestry interests hit out at minister's comments

17 Oct 2022

Climate Change minister James Shaw’s comments that the government could become the exclusive purchaser of carbon forestry credits have been met with widespread backlash from forestry interests.

Best by the rest...

14 Oct 2022

In our weekly round-up of the best local climate coverage: Stuff fact checks fossil fuel lobby claims; Newsroom crunches the numbers on the government's agricultural emissions proposal; and three unlikely activists have had their charges dropped in court in the name of climate change.

Concerns ETS changes could rapidly accelerate carbon price and risk ‘carbon leakage’

10 Oct 2022

The BusinessNZ Energy Council (BEC) says the Emissions Reduction Scheme should be left to do its job.

Seeing the forest for the trees: government to put brakes on planting exotics

7 Oct 2022

The government has announced consultation on how forests are managed, with a press release making it clear continuing the status quo – which it says would result in the over planting of permanent pine forests – isn’t an option.

NZUs down more than 10% on last month’s record high

4 Oct 2022

The price of NZUs on the secondary market have fallen more than 10% since hitting a high of $87.30 on the CommTrade platform in the lead up to last month’s ETS auction.

Adaptation
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Net-zero much cheaper than thought for UK – and unchecked global warming far more costly

Wed 9 Jul 2025

Reaching net-zero will be much cheaper for the UK government than previously expected – and the economic damages of unmitigated climate change far more severe.

Agriculture
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Extreme heatwaves may cause global decline in dairy production, scientists warn

Tue 8 Jul 2025

Israel-based study finds that by 2050 average daily milk production could be reduced by 4% as a result of worsening heat stress.

Airlines
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NZ Post drops science-based climate target

Tue 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.

Aviation
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Nations agree to tax premium flyers, private jets

2 Jul 2025

A group of countries, including France, Kenya, Spain and Barbados, pledged on June 30 to tax premium-class flying and private jets in a bid to raise funds for climate action and sustainable development.

Biodiversity
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Former Climate Commission Chair Dr Rod Carr

Markets aren't going to save us – Carr

Wed 9 Jul 2025

By Shannon Morris-Williams | Consumerism is reaching its ecological and economic limits, and only systemic change - not market tweaks - can steer us away from climate catastrophe, according to former Climate Change Commission chair Rod Carr.

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 price grinds higher - where to from now?

30 Jun 2025

By Liz Kivi | The carbon price has continued to grind slowly higher since this month’s failed auction, with prices at their highest since March, although still languishing well below this year’s auction floor price.

Carbon News world
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Water contaminant levels can remain high for eight years after a wildfire, study finds

Wed 9 Jul 2025

Scientists are warning that wildfire pollutants can continue to contaminate local waterways for up to eight years after a wildfire event.

Carbon prices
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Carbon auction fails again

18 Jun 2025

By Liz Kivi | As predicted, today’s carbon auction failed to attract any bidders, with the secondary market languishing at nearly 20% below the minimum auction price.

Coal
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Megan Woods

Climate backtracking could impact trade relationships: Labour

Wed 9 Jul 2025

By Liz Kivi | Labour Party Energy spokesperson Megan Woods says the government needs to be upfront about how its energy policies will impact trade relationships, following revelations New Zealand was warned by other governments that backtracking on climate policies jeopardised its membership of an international alliance.

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

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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Could an unexplained carbon forest sink solve govt’s billion-dollar climate woes?

23 Jun 2025

By Liz Kivi | A groundbreaking study shows that New Zealand’s native forests are absorbing far more carbon dioxide than previously thought.

Energy
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In Latin America, the energy transition stirs a rise in human rights lawsuits

Tue 8 Jul 2025

A new report shows that more than half of the 95 energy transition-related lawsuits recorded globally since 2009 took place in Latin America and the Caribbean.

Extinction
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Key orange roughy population on verge of collapse, govt considers closure

Wed 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.

Extreme weather
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Mayor Nick Smith and chief executive Nigel Philpott had reservations about the target.

Nelson adopts ambitious target to slash emissions

Tue 8 Jul 2025

By Max Frethey, Local Democracy Reporter | After some of the most passionate debate seen in the chamber this triennium, Nelson City Council has adopted the more ambitious of two community greenhouse gas targets.

Fishing
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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.

Forestry
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EU countries seek more cuts to deforestation rules

Wed 9 Jul 2025

From December, the world-first deforestation law will require operators placing goods including soy, beef and palm oil, onto the EU market to provide proof their products did not cause deforestation.

Gas
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NZ quits Beyond Oil and Gas Alliance

25 Jun 2025

By Liz Kivi | The New Zealand government has quietly withdrawn from an ambitious coalition to phase out fossil fuels, with a $200 million publicly-funded subsidy for new gas fields the latest policy in conflict with that goal.

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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Melting glaciers and ice caps could unleash wave of volcanic eruptions, study says

Wed 9 Jul 2025

Research in Chile suggests the climate crisis makes eruptions more likely and explosive, and warns of Antarctica risk.

Greenwashing
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Biodiversity market needs govt regulation to avoid fraud risk

17 Jun 2025

By Liz Kivi | Participants have applauded the government’s pilot programme for New Zealand’s voluntary biodiversity market, but an expert says the emerging market needs better regulation to avoid reputational risk and fraud.

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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Electric firebricks: decarbonising high-temperature industrial heat

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.

Insurance
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90% of NZers expect more extreme weather disasters because of climate change

23 Jun 2025

A new climate change poll from AMI, State, and NZI shows New Zealanders are expecting more extreme weather events as a result of climate change.

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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High Court agrees with Environmental Defence Society - law must be followed as it stands now

Mon 7 Jul 2025

Media release – Environmental Defence Society | The Environmental Defence Society (EDS) welcomes the High Court’s finding in Box Property Investments Ltd v The Expert Consenting Panel that decisions must be made based on the law as it currently stands, not on potential future legislative changes.

Low carbon
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Clear-sighted view to trade-offs crucial to reimagining our relationship with the land

Mon 7 Jul 2025

By Nick Swallow | COMMENT: New Zealand could see a 70% drop in the value of dairy land if we pursue our emissions targets for agriculture, according to a new report.

Mining
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Unlocking economic growth on conservation land

Wed 9 Jul 2025

Media release - New Zealand Government | A targeted effort to reduce the backlog of applications for use of conservation land is accelerating economic growth without compromising conservation values, says Conservation Minister Tama Potaka.

NZ Market Report
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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.

Oceans
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The change in Southern Ocean structure can drive a release in carbon to the atmosphere

Change in Southern Ocean structure could have climate implications

Mon 7 Jul 2025

Media release – Instituto de Ciencias del Mar (ICM-CSIC) | Satellite data processing algorithms developed by ICM-CSIC have played a crucial role in detecting this significant shift in the Southern Hemisphere, which could accelerate the effects of climate change.

Paris Agreement
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Trump’s ‘big beautiful bill’ blows US emissions goal by 7bn tonnes

Tue 8 Jul 2025

President Donald Trump’s dismantling of climate policy means the US will add an extra 7bn tonnes of emissions to the atmosphere from now until 2030, compared to meeting its former climate pledge under the Paris Agreement.

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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Türkiye's Parliament adopts first-ever climate law

Wed 9 Jul 2025

Promising a wide range of provisions and increased vigilance against climate change, the new law is to provide action plans on a national and local scale, while bolstering Türkiye’s 2053 climate goals and protecting the country from environmental disasters.

Protest
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Activists at the June protest unfurled a 15-metre-long in front of the headquarters of WPP, reading "WPP are climate criminals, ban fossil fuel advertising".

Activists protest at London headquarters of global ad giant promoting fossil fuels

3 Jul 2025

The agency’s work for the fossil fuel industry has made it “complicit in causing existential harm to people and planet”, say campaigners, who are calling on WPP to drop those clients.

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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China solar and wind installations break more world records

Mon 7 Jul 2025

China is leading the world in new solar and wind installations and doing so at a record-shattering pace.

Science
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Flaring burns off excess methane in oil and gas fields, preventing the potent greenhouse gas from accumulating.

MethaneSAT loss ‘a tragedy’

3 Jul 2025

By Liz Kivi | The disappearance of a methane-tracking satellite, which was backed by $29 million of government funding, is a tragic loss according to one astrophysicist, who is calling for a review to understand how New Zealand blew past multiple red flags about its operation.

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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Basis co-founders Danny Purcell and Julyan Collett

Kiwi ‘smart panel’ startup aiming to reduce energy bills and emissions

Fri 4 Jul 2025

NZ start-up Basis this week launched an ‘intelligent’ panel to replace traditional electrical switchboards in homes, which it says can save the average home $1,200 NZD annually on bills and lead to lower emissions.

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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Waihopai and Wairau rivers

Media round-up

Fri 4 Jul 2025

In our weekly round-up of climate coverage in local media: Proposed changes to forestry rules won’t solve the ‘slash’ problem; New Plymouth District Council officially opposes seabed mining; and is local media coverage of climate change lacking when reporting extreme weather events?

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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NZ urgently needs to change approach to flood management - experts

2 Jul 2025

Experts say climate change is squarely to blame for flooding in Nelson - but isn’t getting the media attention it deserves - and the country urgently needs to change its approach to flood management in the face of climate change.

Wildfires
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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.

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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