Topics tagged with 'Tax'
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
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".
Greens promise to rapidly reduce emissions in new Green Budget
14 May 2025
By Shannon Williams | The Green Party has unveiled its alternative Green Budget, promising bold investments to tackle the climate crisis and deliver cleaner air, water, and soil.
Who is Mark Carney, the former central bank governor turned Canada's next leader?
11 Mar 2025
Canada's new leader is a relative political newcomer. While the former UN Special Envoy for Climate Action and Finance has previously advocated for net-zero investment, he has promised to scrap the country's carbon tax, saying he wants to shift the cost from consumers to big corporations.
Secondary market remains flat as carbon auction approaches
14 Feb 2025
With the first carbon auction of the year just over a month away, one broker is predicting trading will continue at prices below this year's $68 auction floor price.
Green Party releases alternative climate plan
9 Dec 2024
The Green Party wants to take forestry out of the Emissions Trading Scheme and instead create biodiversity credits for afforestation.
Green’s EV fringe-benefit tax bill voted down
28 Nov 2024
Green MP Julie-Anne Genter had hoped National might consider backing her EV fringe-benefit tax bill because it was once a policy in the party’s 2020 manifesto, but those hopes were dashed.
Billionaires, frequent flyers, oil and gas: Who could fund COP29’s $1tn finance target?
21 Nov 2024
“It makes common sense to tax mega polluters and the mega-rich to ensure that we have the money needed for climate action at home and globally” according to one campaigner.
Canada’s carbon tax faces the axe
9 Oct 2024
The carbon tax is popular, innovative and helps save the planet, but as prime minister Justin Trudeau trails in the polls, the opposition is trying to persuade voters that environmental policy is a burden.
IRD consulting on tax and forestry ETS
19 Sep 2024
The Inland Revenue Department is consulting on an interpretation statement on tax and the forestry emissions trading scheme.
Initial carbon trading boost following stockpile reduction
9 Jul 2024
There was an initial “flurry” of carbon units trading hands on the secondary market last week, following a government update revealing a 25 million decrease in the stockpile of units in private accounts.
Denmark will be the first country to impose a carbon tax on farms
26 Jun 2024
Denmark, a major pork and dairy exporter, will introduce a tax on livestock carbon dioxide emissions from 2030, making it the first country to do so and hoping to inspire others to follow.
Wealthy Kiwis driving up transport emissions
13 Jun 2024
Cashed-up Kiwis are pumping out more than their fair share of transport emissions, driving more frequently and over longer distances, according to new research.
Expert slams govt delay in pricing agricultural emissions
12 Jun 2024
The coalition government has reaffirmed greenhouse gases from agriculture won’t be covered in the Emissions Trading Scheme and Cabinet is disestablishing primary sector climate action partnership He Waka Eke Noa.
Basic income can double global GDP while reducing carbon emissions
11 Jun 2024
Media release | Giving a regular cash payment to the entire world population has the potential to increase global gross domestic product (GDP) by 130%.
Budget prioritises adaptation over emissions reductions
31 May 2024
The government is prioritising stop banks and floodwalls over initiatives to reduce emissions, with the $1.2bn Regional Infrastructure Fund to focus on climate resilience efforts, while hundreds of millions of dollars of funding for conservation efforts has been cut.
City should include cruise ship emissions in targets - campaigners
22 Mar 2024
Climate activists are urging Christchurch City Council to include cruise ship emissions in the city’s emissions reduction plan.
NZU price has greater impact on cost of electricity than petrol
21 Mar 2024
By Jeremy Rose | Counter-intuitively an increase in the price of carbon adds more to a household’s electricity bill in percentage terms than its petrol one.
First ETS auction of the year partially clears
20 Mar 2024
Today’s Emissions Trading Scheme auction has partially cleared.
Tepid market response to Commission’s advice - auction less than a week away
14 Mar 2024
By Liz Kivi | The Climate Change Commission’s call to drastically reduce Emissions Trading Scheme auction volumes has barely caused a blip on the secondary market - suggesting participants don’t think the government will follow the advice.
Treasury increases estimated ETS auction revenue
22 Dec 2023
Treasury has increased its forecast ETS auction revenue from $2.7 billion to $3.5 billion.
Europe just launched the world’s first carbon tariff. Will the US follow suit?
4 Oct 2023
In the U.S., where climate policy has been highly politicized, the concept of a carbon tariff has recently emerged with rare bipartisan support.
UK industry risks falling foul of EU’s new carbon tax
4 Oct 2023
British businesses selling into the European Union are unprepared for the bloc’s new carbon tax and run the risk of penalties if they are not compliant, a leading advisory firm has warned.
Europe takes climate fight global as carbon border tax goes live
3 Oct 2023
The EU's effort to become climate neutral is kicking into high gear — as of Sunday the bloc's carbon border tax enters a trial period, which is likely to raise tensions with key trading partners.
Canberra could protect decarbonising industries from unfair competition
8 Sep 2023
The Australian government has engaged an eminent academic to study the need for a carbon tariff to protect local manufacturers from unfair competition from imports which are not subject to restrictions on emissions of CO2.
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.”
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.
A carbon tax on investment income could be more fair and make it less profitable to pollute
22 Aug 2023
About 10 years ago, a very thick book written by a French economist became a surprising bestseller.
Greens slam govt’s transport plan as prioritising roads over climate
18 Aug 2023
The Green Party has slammed the government’s $20 billion transport plan, announced yesterday, saying the decision to prioritise new roads shows the Labour Party is not serious about climate change.
Carbon tariffs - what are the implications for NZ?
11 Aug 2023
A senior public sector consultant has suggested that New Zealand might want to consider being a fast follower of the European Union’s moves to implement a carbon tariff.
Carbon pricing initiatives around the world
8 Aug 2023
Over the past two decades, governments around the world have responded to climate change through various initiatives and policies, with carbon pricing at the forefront.
What the EU’s new border tax could mean for carbon markets
16 Jun 2023
The European Union’s new Carbon Border Adjustment Mechanism should incentivize more countries to put a price on carbon, but not the U.S.
Government changes Clean Car scheme
2 May 2023
The government is changing its Clean Car programme by adjusting the rebates for zero emissions imports, making the threshold stricter for eligible vehicles, and increasing fees for higher emitting vehicles.
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.
Greens not on board with fossil fuel subsidy
2 Feb 2023
Media release - The Green Party is calling on the Government to provide direct support to low-income households and to stop subsidising fossil fuels during a climate crisis.
Best by the rest...
16 Dec 2022
Carbon market reforms mean big emitters may be eligible for more free credits; should cruise ships be banned from Milford Sound? and the slow pace of targeting agricultural production to a lucrative overseas market which puts a high value on sustainability.
Japan delays carbon tax reform to curb living costs
9 Nov 2022
Japan is delaying plans to revise how it taxes carbon, the Nikkei newspaper reported, potentially slowing efforts to wean itself off fossil fuels.
Wind, solar investors threaten to leave Europe because of revenue cap
5 Oct 2022
European wind and solar power industries associations warned that investments could go elsewhere after EU energy ministers voted to introduce revenue caps for wind, solar, nuclear and coal power generation.
What if carbon border taxes applied to all carbon – fossil fuels, too?
23 Sep 2022
The European Union is embarking on an experiment that will expand its climate policies to imports for the first time.
EU governments carving out €20 bn in carbon market exemptions for shipping
22 Sep 2022
Government ministers are in the process of carving out €20 billion worth of exemptions for the shipping industry in the new maritime carbon market (ETS), according to a new analysis.
Taxes out, subsidies in: Australia and the US are passing major climate bills – without taxing carbon
7 Sep 2022
The United States recently passed its largest climate bill ever and Australia is set to usher a 43% emissions target into law this week - but neither bills mention taxing carbon dioxide to discourage emissions.
Canada’s carbon tax is hurting working people: opinion
11 Aug 2022
In 1912, the fact that excess carbon released into the atmosphere could warm up the earth was first made public knowledge. Here we are, one hundred ten years later, still wondering what to do about the problem.
Best by the rest...
5 Aug 2022
In our weekly round-up of the best climate coverage in the local media: Former Green Party leader Russel Norman on greenwashing and He Waka Eke Noa; political journalist Branko Marcetic on why the pundits are getting the Green Party leadership stoush all wrong; and land use expert Keith Woodford underlines the significance of recent government announcements for forestry rules and carbon pricing.
Britons would rather give up meat than pay more tax to tackle global warming, poll reveals
1 Aug 2022
More Britons would be willing to cut back on meat than pay extra in taxes to tackle climate change, a new poll has revealed.
ETS alone won’t see NZ achieve its climate targets: OECD
1 Feb 2022
The OECD is recommending New Zealand adopt targeted climate change mitigation measures to address market failures that it says won’t be corrected by carbon pricing alone.
How a carbon price could gut animal agriculture without taxing farmers
19 Nov 2021
Even a very modest carbon price would offer most farmers and ranchers more revenue than they make raising animals for slaughter, according to the scientist who founded Impossible Foods.
Standards needed to stop private equity cashing in on dirty assets: tax expert
19 Nov 2021
Tax expert professor Richard Murphy argues that without a comprehensive accounting standard for climate change private equity will have a field day exploiting dirty assets for short term gain.
NZ a laggard in climate change related patents
11 Oct 2021
Only two OECD countries – Latvia and Indonesia – rank behind New Zealand in terms of the percentage of patent applications related to climate change mitigation, according a just released “dashboard” comparing the organisation’s 38 member states on a range of climate change related metrics.
Shane Jones on climate change – it’s real, but…
Fri 15 Aug 2025
By Pattrick Smellie | New Zealand First deputy leader Shane Jones believes climate change is real, but is uninterested in what is causing it and primarily focused on adapting to it.
Forestry the source of all ETS risk, says top economist
Fri 15 Aug 2025
By Shannon Morris-Williams | Forestry is the source of all of the risk in New Zealand's Emissions Trading Scheme and it's inevitable that the scheme has to be reformed, according to Parliamentary Commissioner for the Environment chief economist Geoff Simmons.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Why plane turbulence is becoming more frequent - and more severe
6 Aug 2025
As climate change shifts atmospheric conditions, experts warn that air travel could become bumpier: temperature changes and shifting wind patterns in the upper atmosphere are expected to increase the frequency and intensity of severe turbulence.
'Cali Fund’ for nature still empty as emails show industry hesitation
8 Aug 2025
A major fund for biodiversity remains starved of resources more than five months after its launch – with no money yet put forward by the large companies who could contribute.
Media round-up
Fri 15 Aug 2025
In our round-up of climate coverage in local media: Australia could be about to leapfrog New Zealand on climate targets; 'strangled' rivers are fighting back; and 10 rangatahi will join Aotearoa New Zealand’s delegation at the United Nations' major climate conference in Brazil.
Forestry sector could take legal action over ETS changes
Thu 14 Aug 2025
By Liz Kivi | The forestry sector is threatening legal action against the Government over changes to legislation intended to limit whole farm-to-forest conversions in the Emissions Trading Scheme.
Wildfires fanned by heatwave and strong winds rage across Europe
Fri 15 Aug 2025
Wildfires caused by arsonists or thunderstorms and fanned by a heatwave and strong winds wreaked destruction across southern Europe on Wednesday, burning homes and forcing thousands of residents and tourists to flee.
Carbon price underperforming: Environment secretary
Wed 13 Aug 2025
By Liz Kivi | The government has been focussed on reducing the Emissions Trading Scheme ‘stockpile’ and carbon prices should rise soon, according to the Secretary for the Environment.
Why China is still building new coal – and when it might stop
Thu 14 Aug 2025
Last year, China started construction on an estimated 95 gigawatts (GW) of new coal power capacity, enough to power the entire UK twice over.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
What does 'drier' really mean in 'green' homes?
1 Aug 2025
Media release - Waipapa Taumata Rau, University of Auckland | Researchers say green-rating systems could improve clarity and effectiveness by explicitly defining ‘drier’ and using two measures of humidity.
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.
Hot water heat pumps next big thing – but need a push
Thu 14 Aug 2025
Media release – Ecobulb Limited | Bold action is needed to accelerate New Zealand’s transition to cleaner, more energy-efficient homes and businesses, says energy efficiency expert Dr Chris Mardon.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
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.
Global oil markets face record supply glut next year, IEA says
Fri 15 Aug 2025
Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said.
A modest geothermal strategy
31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
Govt rejects Te Kuha coal mine fast-track bid
Wed 13 Aug 2025
By Shannon Morris-Williams | The controversial Te Kuha coal mine on the West Coast has had its application for fast-track approval declined, after failing to meet seven of the application criteria.
Will reflective roofs help beat the heat?
Fri 15 Aug 2025
Media release - University of Auckland | About 500 roofs across four continents have been painted with a reflective coating, as part of research into tackling the health impacts of climate change.
How the meat industry uses environmental groups to make beef seem climate-friendly
Mon 11 Aug 2025
The meat industry may have enlisted environmental groups to persuade people to “feel better” about eating beef, despite the sector’s ballooning emissions of climate-heating pollution.
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.
Hiringa eyes green methanol plant near Whanganui
29 Jul 2025
By Pattrick Smellie | Green hydrogen pioneer Hiringa Energy is deep in planning to develop an “eight-to-nine figure” methanol plant near Whanganui, using a combination of biomass and hydrogen produced using renewable energy.
Why insurers worry the world could soon become uninsurable
Mon 11 Aug 2025
Top insurers fear the climate crisis could soon outpace industry solutions, effectively threatening to make entire regions around the world uninsurable.
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.
First-of-a-kind US class-action lawsuit would force EPA to reinstate $3bn climate program
7 Aug 2025
Coalition of non-profits, tribes and local governments sued EPA chief for halting climate justice grants.
Fund for low emissions transport winds up
31 Jul 2025
New Zealand’s Low Emission Transport Fund has officially wrapped up, ending a nine-year programme that put hundreds of millions of dollars towards accelerating the country’s shift to cleaner transport.
A mineral mining boom is not ‘critical’ for the green transition
Wed 13 Aug 2025
New research shows renewable energy goals could largely be met with the amount of minerals produced today – but the military industry wants more.
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.
Oil states accused of using scare tactics in bid to sink green shipping deal
Tue 12 Aug 2025
Saudi Arabia, Iran and other oil-reliant countries are campaigning to stop the adoption of the IMO’s Net-zero Framework in October.
Backlash over govt conservation changes
4 Aug 2025
By Shannon Morris-Williams | The government’s proposed changes to the Conservation Act are the most significant roll back in conservation protections in a generation, according to the Green Party.
Plastic treaty talks nearing collapse as nations remain deadlocked on production
Thu 14 Aug 2025
Environmental organisations warn that without urgent compromises the session could fail to produce a treaty capable of tackling the scale of the crisis.
New resource management bill an 'unprecedented power grab' by ministers
Wed 13 Aug 2025
Media release – Environmental Defence Society | The changes proposed in the Amendment Paper represent an "egregious aggregation of power" by Minister Bishop, aimed at disempowering councils who protect the environment.
A new report shows how local climate activism leads to ‘remarkable’ gains
7 Aug 2025
Efforts to pass laws and advance clean energy projects can significantly reduce emissions, and at a low cost.
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.
Heat pumps could cut household energy bills by $1.5 billion a year
Tue 12 Aug 2025
By Liz Kivi | Heat pumps could save Kiwi households hundreds of millions of dollars each year, as well as freeing up energy for industrial users, according to a new report.
International scientists slam NZ govt's proposed approach to methane
Wed 13 Aug 2025
New Zealand's proposed approach to methane emissions has again been attacked by international climate scientists, with a new study saying the attempt to redefine climate target-setting by livestock-exporting countries undermines the transition to a sustainable and equitable food system
Last minute change to oil and gas legislation over cleanup costs
31 Jul 2025
By Liz Kivi | The government is expected to repeal the oil and gas ban today, with a last-minute amendment handing discretionary power to two ministers over the controversial issue of decommissioning.
African $60 billion high-speed rail project takes shape
Fri 15 Aug 2025
One of the largest infrastructure projects in Africa has received a new update that could see construction begin soon.
Momentum sagging at UN plastic pollution treaty talks
Tue 12 Aug 2025
Talks on forging a landmark treaty to combat the scourge of plastic pollution were stumbling Saturday, with progress slow and countries wildly at odds on how far the proposed agreement should go.
'Yet another rate': Franz Josef ratepayers balk at $2.8m stopbank extension
4 Aug 2025
By Lois Williams, Local Democracy Reporter | Franz Josef ratepayers have given the thumbs down to plans for a $2.8 million stopbank extension to protect the town’s sewerage plant from the Waiho River.
Warmer end to winter but dry spell expected over southern lakes
5 Aug 2025
As hydro lake levels hover just below average levels, climate forecasts indicate that warmer than usual weather conditions will reduce demand, but there will likely be less rain over the southern hydro lakes as New Zealand moves towards spring and summer.
Record UK wildfires have burned an area twice the size of Glasgow in 2025
Tue 12 Aug 2025
Wildfires have scorched more than 40,000 hectares of land so far this year across the UK – an area more than twice the size of the Scottish city of Glasgow.
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.
