Topics tagged with 'Paris Agreement'

Zero chance NZ pulls out of climate agreement: Upton
13 Nov 2024
If Donald Trump pulls the United States out of the Paris Agreement, it’s not likely other countries such as New Zealand will follow, according to Parliamentary Commissioner for the Environment Simon Upton.

NZ experts on UN climate conference
12 Nov 2024
With the United Nations’ major climate summit kicking off in oil-rich Azerbaijan, New Zealand’s climate policy experts are divided over the value of the meeting.

Major Pacific climate study launches at COP29
12 Nov 2024
Climate adaptation strategies, including relocating households and villages, are already being employed across the Pacific region, according to a new study.

Govt could make significant domestic reductions towards second NDC - but needs to hurry up
8 Nov 2024
The government could find much of the needed emissions reductions for its next Paris Agreement pledge at home – but needs to get on with it, says new analysis from the Climate Change Commission.

NZ can do better on climate policy, says auditor general
8 Nov 2024
New Zealand’s legislative framework is a strength of its response to climate change, however it is not doing so well in other areas, according to a new report.

Constraints on forestry set to slash unit supply
8 Nov 2024
COMMENT: Carbon unit supply from forestry looks set to be limited by multiple factors - and by 2040 NZUs from new forestry are likely to fulfill only a fraction of demand, writes Ollie Batelier-Belton.

Deadlock over climate finance is undermining Paris agreement, Singapore minister says
8 Nov 2024
Efforts by the United States and others to persuade more countries to contribute to a new global climate financing initiative risks undermining the Paris agreement, Singapore's Environment Minister Grace Fu told Reuters on Wednesday.

Carbon price inching up as auction looms
7 Nov 2024
The carbon price is still inching up towards the auction floor, with the final auction for 2024 less than a month away. But the US election result means uncertain times for global environmental markets, according to an expert.

Nine years after the Paris Agreement, the UN confronts the world’s failure to reduce greenhouse gas emissions
4 Nov 2024
In one of three new reports on emissions, UN officials went as far as saying that the Paris Agreement’s goal of limiting warming to 1.5 degrees Celsius may be out of reach.

Govt should expect scrutiny over international climate targets
31 Oct 2024
The government should expect international scrutiny over progress towards its climate pledge, according to its own advisors.

Carbon credits essential part of decarbonisation toolkit: new report
31 Oct 2024
Carbon credits remain at the heart of global efforts to limit dangerous climate change, with prices predicted to rise towards US$125 by 2035, according to new analysis.

NZ adopts 'underwhelming' Commonwealth Ocean Declaration
30 Oct 2024
Commonwealth nations including Aotearoa and Pacific Island states have adopted the Apia Commonwealth Ocean Declaration.

Govt to invest $20 million for Pacific disaster and climate resilience
29 Oct 2024
New Zealand will contribute $20 million to the Pacific Resilience Facility.

Planet will warm as much as 3.1°C under current policies: UN Report
29 Oct 2024
Without greater action, the planet will warm as much as 3.1 degrees Celsius, with a “massive gap between rhetoric and reality” that must be closed by new climate pledges under the Paris Agreement, according to the UN.

Investors are ramping up climate advocacy, with all eyes on COP29
29 Oct 2024
Investors the world over are calling on governments to use every tool in their toolbox, from fiscal carrots to regulatory sticks, to ensure industries can pivot and prosper in a clean energy future.

Auckland remains off track to meet climate target
22 Oct 2024
Auckland Council remains off track to reach its own climate targets, according to a new progress report, which shows emissions are rising rather tracking down to zero by 2050.

Govt finances still don’t recognise climate liability
17 Oct 2024
Treasury has failed to recognise a liability for New Zealand’s international climate commitments in its latest financial statement, with its position unchanged on the multibillion dollar price tag of purchasing offshore mitigation.

NZ must work with other countries to reach climate goals: new research
14 Oct 2024
By Liz Kivi | Aotearoa’s international climate targets can only be met through funding significant emissions reductions in other countries. But a lack of public support to spend this money overseas is paralysing New Zealand’s progress towards its goal, according to researchers.

UN carbon trading expert group agrees deal on market framework
14 Oct 2024
A UN expert group has reached a compromise on key elements of a global carbon trading system, in a bid to resolve nearly a decade of talks on what is seen as an important tool for raising climate finance.

The EU’s (vague) climate aid stance: Want more money? Get more donors
14 Oct 2024
The bloc won’t say how much money it’s willing to put up before other details are firmed up.

Countries can transform global energy sector by fully implementing 2030 goals: IEA
26 Sep 2024
A new report from the International Energy Agency shows tripling renewables and doubling energy efficiency are possible with the right enabling conditions.

Why climate change investment pays off
25 Sep 2024
The cost of inaction on climate change far outweighs the cost of proactive investment, says new analysis issued at New York Climate Week.

Minister says buying offshore carbon credits ‘unrealistic’
12 Sep 2024
By Liz Kivi | Climate change minister Simon Watts says buying carbon mitigation offshore to meet the country’s international climate obligations is “unrealistic”.

Air NZ, Mitre 10 fall short in climate action rankings
10 Sep 2024
Air New Zealand and Mitre 10 have fallen short in a new ranking of 21 major companies based on their climate action targets.

UN-backed organisation approves Fonterra’s climate targets
19 Aug 2024
By Jon Rawlinson | The world’s top corporate climate-target verifier, the London-based Science Based Targets initiative, has approved Fonterra’s emissions reductions targets.

Govt keeping options open on international climate targets: Watts
15 Aug 2024
By Liz Kivi | The government is looking at multiple ways to meet New Zealand’s 2030 Nationally Determined Contribution (NDC), according to climate change minister Simon Watts.

Govt shifts goalposts for key climate target
8 Aug 2024
The government has told the Climate Change Commission to remove consideration of the 1.5 degrees target from a forthcoming report, a move expected to lead to significantly weaker climate ambition.

How is the draft Emissions Reduction Plan supposed to work?
5 Aug 2024
COMMENT: In its new climate plan, the coalition government seems to be setting New Zealand up to withdraw from the world carbon market before 2035, argues economist Geoff Bertram.

Singapore Carbon Market Alliance launches
1 Aug 2024
Media release | The Singapore Economic Development Board and IETA have launched the Singapore Carbon Market Alliance, the first platform in Singapore aimed at helping companies obtain access to high-quality Article 6 carbon credits.

Significant risk Aotearoa will not meet climate targets: Climate Commission
31 Jul 2024
There is a significant risk that New Zealand will not meet future emissions reductions targets, according to a new report from the Climate Change Commission.

Trans-Tasman ministers talk climate and finance
31 Jul 2024
Finance Minister Nicola Willis and Climate Change Minister Simon Watts were in Brisbane yesterday discussing climate and finance with their Australian counterparts.

New plan might see climate change minister in court
18 Jul 2024
Lawyers for Climate Action say there are “significant concerns” about whether the government’s new climate plan will achieve its climate targets, and could be in breach of the Climate Change Response Act.

What does Denmark’s carbon tax mean for NZ?
17 Jul 2024
By Nick Swallow | COMMENT: A few weeks back Denmark announced a proposal to introduce a tax on agricultural greenhouse gas emissions by 2030.

Climate strategy contradictory - or step in the right direction?
11 Jul 2024
A climate policy expert and IPCC lead author is concerned that progress on climate will be lost if the government doesn’t overhaul the Emissions Trading Scheme and introduce other complementary policies to reduce emissions.

Jones says he hopes Climate Commission CEO is removed
3 Jul 2024
Minister for Resources Shane Jones says he hopes that the chief executive of the Climate Change Commission will soon be removed from her job.

More carrot, less stick for ag sector emissions reductions?
1 Jul 2024
The Bank of New Zealand is the latest big business to become a shareholder of a public-private joint venture to reduce emissions from agriculture.

NZIER slams government’s climate approach in Budget 24
27 Jun 2024
The New Zealand Institute of Economic Research has found that just 1% of new expenditure in this year’s budget was favourable in terms of meeting the country’s climate commitments.

Exposing ‘risks hiding in plain sight’ – accounting for offshore carbon credits
20 Jun 2024
Media release | The McGuinness Institute has published a discussion paper on how New Zealand’s commitment to purchase offshore carbon credits under the Paris Agreement should appear in financial statements.

Carbon auction preview: Experts predict likely failure and govt lost revenue “own goal”
18 Jun 2024
Experts are picking tomorrow’s carbon auction will fail, with no incentive for participants to bid at prices more than 20% higher than the current secondary market price.

Humanity must extract seven to nine billion tonnes of CO2 from the atmosphere every year
5 Jun 2024
Media release | New State of Carbon Dioxide Removal report shows the need for a much stronger set of policies.

Govt looking at policy to restrict forestry in the ETS: Watts
7 May 2024
By Liz Kivi | The government is looking at complementary policies around land use to restrict forestry in the Emissions Trading Scheme, rather than making changes directly to the scheme.

Climate Change Minister now in Cabinet after reshuffle
26 Apr 2024
Climate Change minister Simon Watts now has a seat at the Cabinet table.

NZ to cooperate with Philippines on international climate target, pledges $41 million climate finance to Southeast Asia
23 Apr 2024
By Liz Kivi | New Zealand has made its first tentative step towards forging an international agreement to meet its United Nations climate target by buying offshore offsetting.

Fast-Track legislation wrong track for climate targets, say lawyers
22 Apr 2024
Fast-Track legislation will take New Zealand further off track from meeting climate change obligations - and places the country at risk of breaching them, according to Lawyers for Climate Action.

Australia's climate change policy threat to the Pacific: former Tuvalu PM
19 Apr 2024
By Jeremy Rose | Former Tuvalu prime minister Enele Sopoaga declared Australia’s climate change policy a threat to the survival of the Pacific at a gathering in Wellington yesterday.

Emissions down for 2022
18 Apr 2024
Aotearoa New Zealand’s gross greenhouse gas emissions fell by 4% in 2022, according to new figures.

In its current state the ETS will fail to deliver significant emission reductions: Rod Carr
28 Feb 2024
By Jeremy Rose | Climate Change Commission chair Rod Carr has told the Environment Select Committee that, in its current state, the ETS will fail to deliver significant emissions reductions.

Environmental Defence Society says "radical anti-environment government" could harm NZ's reputation
27 Feb 2024
The Environmental Defence Society says the government’s environmental policies could cause environmental harm as well as threaten New Zealand’s international reputation.

Wave of civil disobedience could upset corporate balance sheets
26 Feb 2024
By Jeremy Rose | Companies ignoring the potential cost of protests, which could reduce the economic value of carbon intensive investments, are risking the future viability of their businesses, a former McKinsey & Company consultant is warning.

MfE lays out issues for new minister
13 Feb 2024
Environment officials’ briefings to incoming ministers are a guarded affair with the papers outlining issues and choices, including what the new government wants to do with resource management laws, water issues, as well as climate mitigation and adaptation.