Topics tagged with 'Tax'
DOC trims costs and winds down jobs for nature
10 Nov 2025
The Department of Conservation (DOC) is entering a new phase of tighter budgets and structural change as it winds down the pandemic-era Jobs for Nature programme and reshapes its operations to absorb long-term cost pressures.
Solar households to get little-noticed tax break
23 Sep 2025
A provision in the government’s latest tax bill would exempt households from paying tax on income they earn by selling excess electricity back to the grid.
'Non-negotiable' – EU carbon pricing to hit Kiwi exporters, expert warns
11 Sep 2025
By Shannon Morris-Williams | High carbon exports will inevitably face a high carbon tax at the EU border, possibly in the next five years, and high methane agricultural products might not be exempt, an international expert told a local audience yesterday.
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.
Govt slashes environmental funding by $1 billion
25 Nov 2025
By Shannon Morris-Williams | Central government funding for the environment is set to fall by a quarter in 2025/26, prompting warnings that hard-won environmental improvements may now stall or reverse.
NZ backs climate-resilient horticulture project for Cambodia
Tue 2 Dec 2025
New Zealand has launched a major climate-resilient horticulture initiative in Cambodia, investing NZD$12 million in a multi-year project designed to boost rural incomes, strengthen food security and reduce child labour as communities face increasing climate pressures.
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
Wilding pines threaten Kaikōura ranges in ‘looming catastrophe’
Thu 27 Nov 2025
Kira Carrington, Local Democracy Reporter | Wilding pines are threatening to make their way into the Kaikōura ranges, as their rampant spread sparks a renewed call for more central government funding.
Govt launches strategy backing wood-based heat sector
23 Oct 2025
By Pattrick Smellie | Forestry biomass could replace as much as 40% of fossil fuel-generated process heat by 2050, but access to supply, regulatory settings and business cases for converting to wood-based heat sources are required, the Government says in a series of documents released yesterday.
UPDATED: Finance Minister’s comments show govt in breach of Paris Agreement – experts
Today 12:15pm
By Liz Kivi | Finance Minister Nicola Willis has effectively walked away from the Paris Agreement by ruling out offshore mitigation, according to multiple experts, opening the country up to reputational, trade, and economic consequences.
Experts work on UN climate report amid US pushback
Today 12:15pm
Some 600 experts began to work Monday on the next major UN climate report, as the international consensus on global warming is challenged by US President Donald Trump, who deems the science a "hoax".
Carbon auction tipped to be a non-event
Tue 2 Dec 2025
By Liz Kivi | Tomorrow’s Emissions Trading Scheme auction is all but certain to fail, with participants blaming the government for destroying confidence as NZUs continue to change hands on the secondary market at a 40% discount on the $68 auction floor.
Hello, foreign oligarchs and corporations! Please come and sue the UK for billions
Today 12:15pm
COMMENT: The case of a planned Cumbrian coalmine shows how governments around the world are being threatened by litigation in shadowy offshore courts.
Investors must support positive climate-tech
Fri 28 Nov 2025
OPINION: We need better leadership than the current ‘climate opportunism’ that is rife in the Beehive, and we need to back a marketplace that will make it happen, writes Rob Campbell.
$235 billion worth of NZ buildings exposed to flooding
30 Oct 2025
More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.
From COP30 to net zero by 2070: India insists on not billions but trillions to lead the global south
Today 12:15pm
At COP30 in Belém this November, New Delhi demanded that wealthy nations provide climate finance on the scale of not billions but trillions, while pressing for technology access that does not tether developing economies to costly licensing regimes.
Climate comments ‘outrageous’ – former top climate negotiator
Today 12:15pm
By Liz Kivi | New Zealand’s former climate ambassador, Kay Harrison, says Finance Minister Nicola Willis’ recent statements that the Government had ruled out buying offshore climate mitigation are “outrageous”.
Market rewards firming over renewables in gentailer split
Today 12:15pm
A clearer valuation divide is emerging across the gentailer sector, with the market increasingly rewarding companies positioned for flexibility and firming rather than renewable build-out.
DOC trims costs and winds down jobs for nature
10 Nov 2025
The Department of Conservation (DOC) is entering a new phase of tighter budgets and structural change as it winds down the pandemic-era Jobs for Nature programme and reshapes its operations to absorb long-term cost pressures.
Westpac rolls out interest-free finance for climate-proofing homes as weather risks rise
Today 12:15pm
Westpac NZ has unveiled a new interest-free lending package aimed at helping households strengthen their properties against flooding and extreme weather, as climate risks intensify across the country.
NZ marine heatwaves could double in intensity under high-emissions pathway
16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
Europe must defend its deforestation law – for forests, business and its reputation
Tue 2 Dec 2025
Constant weakening and delays to the landmark EU regulation pose a threat to rainforests and erode Europe’s credibility as a stable, predictable market.
Energy outlook shows complex picture of NZ energy transition
Mon 1 Dec 2025
Simpson Grierson’s latest Energy Outlook 2025 paints a more complicated picture of New Zealand’s energy transition than the Government’s public narrative of momentum and accelerated delivery.
RMA to speed up fossil fuel consents
18 Aug 2025
By Liz Kivi | An energy lobby group has welcomed a last-minute amendment to the RMA that puts fossil fuels on the same footing as renewables, however a sustainable energy expert says the move “beggars belief.”
$3 billion in KiwiSaver funds fuelling ocean degradation
Mon 1 Dec 2025
Mindful Money has launched a new campaign urging New Zealanders to use their investment power to protect the ocean, warning that billions of dollars in KiwiSaver funds are currently backing companies driving marine pollution, habitat destruction and climate-related ocean impacts.
Govt’s rejection of CCC’s advice on climate targets undermines independent watchdog’s role, says opposition
21 Nov 2025
By Liz Kivi | The Government’s latest dismissal of Climate Change Commission advice shows they have their heads in the sand about the reality of meeting climate targets, according to the Labour Party, while the Greens say Government decisions were an embarrassment on the world stage at COP30 this week.
TotalEnergies loses in Paris court, marking a turning point for fossil fuel truth-in-advertising
5 Nov 2025
TotalEnergies was found to have misled consumers about its role in the energy transition.
Tribunal warns govt geothermal strategy risks Treaty breach
Tue 2 Dec 2025
By Shannon Morris-Williams | The government's geothermal development strategy risks breaching the Treaty of Waitangi, according to a report from the Waitangi Tribunal released last week.
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.
Insurers welcome govt decision to keep NHC levy unchanged
21 Nov 2025
Media release |The Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa (ICNZ) has welcomed the Government’s decision to leave the Natural Hazards Commission levy unchanged, amid ongoing concerns around the cost-of-living.
Why I’m not outraged at the Govt’s latest climate backsliding
7 Nov 2025
COMMENT: The Government’s latest climate rollbacks underline New Zealand’s long history of a lack of genuine desire to cut emissions, writes Geoff Bertram.
Minister warned over lack of rationale for climate policy
25 Nov 2025
By Liz Kivi | Climate Change Minister Simon Watts’ formal explanation of why the Government isn’t going to follow the independent Climate Change Commission’s advice on climate targets is still in the pipeline, the Minister has confirmed.
NZ fails to back ‘roadmap’ to phase out fossil fuels at COP
24 Nov 2025
By Liz Kivi | Eighty-six countries including Australia, the UK, Germany, and Ireland backed a proposal at COP30 for national plans on how to quit oil, gas and coal – but New Zealand wasn’t one of them.
Media round-up
Fri 28 Nov 2025
In our round-up of climate coverage in local media: How the oil and gas industry helped rewrite New Zealand’s drilling rules, confusion reigns as the climate minister appears unaware of his own announcement, and the fierce battle over mining on Denniston Plateau.
Govt's emissions ‘buffer’ an illusion with all NZ's carbon budgets off track
Fri 28 Nov 2025
By Shannon Morris-Williams | Dr Christina Hood, head of consultancy Compass Climate, says the Government’s claim that New Zealand has a comfortable emissions “buffer” to absorb higher agricultural pollution is misleading, with projections showing emissions budgets are actually set to be missed in real terms.
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.
Heatwaves, downpours and droughts – Auckland on track for more extreme weather
Mon 1 Dec 2025
By Shannon Morris-Williams | New projections show Auckland will face more heatwaves, heavier downpours, worsening droughts and growing coastal threats as climate extremes intensify, according to a new report from Earth Sciences New Zealand.
Carbon Finance Program upscales efforts to close climate investment gap in climate vulnerable nations
22 Oct 2025
Media release | The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) will work with the Voluntary Carbon Markets Integrity Initiative (VCMI) to upscale the Carbon Finance Program in reach and impact, supporting more climate-vulnerable countries to host high-integrity carbon projects that yield tangible climate, nature, and sustainable development benefits.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Shipping movements disrupted as climate change protesters block coal ships
Tue 2 Dec 2025
NSW police have arrested 141 people who attempted to block the shipping channel in Newcastle Harbour during Rising Tide protests, which began on Thursday.
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.
UK's 'largest' floating solar farm given go-ahead
Today 12:15pm
The 46,500-panel array will be installed at the Port of Barrow's Cavendish Dock in Cumbria and will be capable of producing enough energy to power 14,000 homes a year.
New invention cleans up greenhouse gases
Mon 1 Dec 2025
Media release: University of Auckland | A new device that removes greenhouse gases released during surgery has been successfully trialled at an Auckland hospital.
Pollution from coal plants was dropping. Then came Trump and AI.
Mon 1 Dec 2025
Data centres’ hunger for electricity is prompting some states to keep their coal-burning power plants from closing – while DC relaxes air pollution limits.
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.
China floods the world with gasoline cars it can't sell at home
Today 12:15pm
While Western nations focus on the competitive threat of Chinese EVs, a different challenge is reshaping the auto industry. Beijing's legacy automakers are saturating emerging and second-tier markets with fossil-fuel vehicles – often undercutting their foreign partners.
Kaicycle celebrates ten years of collective climate action in Pōneke
14 Nov 2025
Media release: Kaicycle | Since 2015, Kaicycle has grown from a humble pilot project growing kai and collecting compost on bicycles into the thriving urban farm and composting hub that Wellingtonians know and love.
Study provides a step-change in understanding NZ’s groundwater
Fri 28 Nov 2025
Media release | Earth Sciences New Zealand has developed a world-first National Groundwater Age Map and a powerful suite of tools to support the sustainable management of our hidden groundwater resources, from national through to local scales.
Amid the ashes
26 Nov 2025
This year the LA wildfire came for my hometown. What happened next is a warning for us all.
NZ’s energy system at a crossroads – report
21 Nov 2025
A new report says New Zealand’s rapid shift toward a 95% renewable electricity system is at a critical turning point, urging faster consenting, stronger firming solutions and better grid planning.
