Topics tagged with 'Tax'
Green budget 'ludicrous la-la land' – govt
Thu 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
Wed 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.
Austria govt unveils 'eco' tax reform
4 Oct 2021
Austria's government unveiled on Sunday what it calls an "eco-social" reform of the tax system, a key promise of the conservative-green coalition.
Budget 2025 needs to prioritise a thriving and resilient Pacific region
Fri 16 May 2025
Media release | World Vision New Zealand is urging the government to prioritise Pacific prosperity and resilience with strong investment in climate finance and foreign aid as part of Budget 2025.
Climate-denying farming groups attack govt’s methane strategy
Fri 16 May 2025
A trio of farming groups is claiming that a survey shows 95% of farmers have rejected the government’s methane strategy.
Air New Zealand announces less ambitious emissions ‘guidance’
2 May 2025
Air New Zealand has published its first “emissions guidance,” saying it expects to reduce net “well-to-wake” greenhouse gas emissions from jet fuel by 20-25% by 2030, from a 2019 baseline.
As Brazilian president visits China, $1 billion sustainable fuel deal announced
Fri 16 May 2025
Brazil announced two Chinese partnerships on Monday, including a $1 billion investment by China's Envision Energy to produce sustainable aviation fuel, as the country's president visits China.
Nature is not an economic handbrake: Environmental Defence Society
Fri 16 May 2025
Nature is not a handbrake on economic growth – the two must go hand in hand, attendees heard on the final day of the Environmental Defence Society’s Dollars and Sense conference this week.
Sustainability claims questioned as renewable diesel surges
Wed 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 price up but June auction still tipped to fail
Thu 15 May 2025
The carbon price has recovered somewhat as forestry selling eases, however NZUs are still changing hands on the secondary market at well below the $68 auction floor.
Private equity eyes up to US$1.3 trillion climate adaptation market by 2030
Fri 16 May 2025
While the public sector is expected to account for the bulk of adaptation funding, a new study identifies six investable segments for private investors, from climate risk data providers to flood defense infrastructure.
Greens promise to rapidly reduce emissions in new Green Budget
Wed 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.
Coal India to set up $3 billion worth clean energy projects to boost renewable heft
Wed 14 May 2025
The world’s largest government-owned coal producer will set up clean energy projects of around 4.5 gigawatts at a cost of 250 billion rupees (about $3 billion), it said on Thursday, as it aims to achieve net zero carbon emissions from its operations.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Owning a green home could cut mortgage payback time by two years
9 May 2025
A green certified home plus a green mortgage and associated energy bill savings could save Kiwi families up to $98,800 over the course of their mortgage - the equivalent of being mortgage-free several years early, according to new research.
Govt needs to get moving to deliver international climate target says commission
Mon 12 May 2025
By Liz Kivi | The Climate Change Commission is warning that “time is running short” for the government to deliver on its international climate target.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
Fri 16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
Environment Court rules Mackenzie biodiversity deserves bespoke protection
17 Apr 2025
Media release | In a decision years in the making, the Environment Court has upheld EDS’s contention that Te Manahuna / the Mackenzie Basin’s significant ecology and indigenous biodiversity warrants a bespoke planning regime to protect it from farming intensification.
Running blind: The silencing and censoring of environmental threats to US national security
Fri 16 May 2025
Immediately after the inauguration of President Donald Trump in January 2025, his administration began purging environmental reports from the public record.
Oceans Commission must have teeth – minister
Wed 14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Farming lobby attacks ‘loopholes’ in carbon forestry limits
7 May 2025
Beef + Lamb New Zealand is urging the government to close what it says are loopholes in new guidance around limits on carbon forestry.
Methanex closure comes early this year
Wed 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.
Hotter and deeper: how NZ’s plan to drill for ‘supercritical’ geothermal energy holds promise and risk
2 Apr 2025
By David Dempsey, University of Canterbury | New Zealand’s North Island features a number of geothermal systems, several of which are used to generate some 1,000 MegaWatts of electricity. But deeper down there may be even more potential.
Banking regulators agree to prioritise climate risk work
Wed 14 May 2025
Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid pushback from the United States.
Climate crisis threatens the banana, the world’s most popular fruit
Wed 14 May 2025
The climate crisis is threatening the future of the world’s most popular fruit, as almost two-thirds of banana-growing areas in Latin America and the Caribbean may no longer be suitable for growing the fruit by 2080, new research has found.
Global livestock industry exposed for rampant rainforest destruction, despite no-deforestation pledges
23 Apr 2025
Media release | Greenpeace Aotearoa says a new investigation revealing that the world’s largest meat company, JBS, will fail to meet its deforestation-free commitment is yet more proof of false promises from the intensive livestock industry.
If NZ wants to decarbonise energy, we need to know which renewables deliver the best payback
21 Mar 2025
By Alan Brent and Isabella Pimentel Pincelli | A national energy strategy for Aotearoa New Zealand was meant to be ready at the end of last year. As it stands, we're still waiting for a cohesive, all-encompassing plan to meet the country's energy demand today and in the future.
Why hydrogen cars are being outsold by Ferraris
24 Apr 2025
Hydrogen has long been hyped as the “Swiss army knife” of the energy transition, but today – despite billions in investment – it largely remains limited to niche industrial applications.
Three-year flood map legal dispute ends in win for landowners
Tue 13 May 2025
By Alisha Evans, Local Democracy Reporter | Tauranga property owners have had a “significant win” after the council agreed to update flood maps, a developer says.
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.
Trump is illegally trying to overturn state climate laws
Wed 14 May 2025
OPINION: States are stepping up to respond to the rising toll of climate-fueled disasters. More than ten states have introduced climate superfund legislation based on a simple idea: those massive, multinational oil and gas corporations that caused the climate crisis should help pay for the damage.
Govt pledges to slash building emissions
8 May 2025
The government is signing up to an international agreement aimed at decarbonising the building and construction sector in line with limiting global warming to 1.5 degrees.
Carbon News launches price index
24 Jun 2024
Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.
Abandoned infrastructure one of the biggest polluters in the world – report
8 May 2025
Emissions from abandoned coalmines, oil and gas wells globally are larger than any single country except China, the US and Russia.
Green budget 'ludicrous la-la land' – govt
Thu 15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
Warm water affecting Antarctica’s largest ice shelf - new research
22 Apr 2025
While Antarctica’s Ross Ice Shelf is currently stable, new research shows warm water is reaching up to 170 kilometres under the front of the ice shelf.
Microplastics found in every layer of the ocean – study
7 May 2025
A new study by New Zealand and international researchers shows microplastics in every layer of the ocean - enough to change the chemical fingerprint of ocean carbon.
Media round-up
9 May 2025
In our weekly round-up of climate coverage in local media: When climate resilience meets resident resistance in Auckland; atmospheric and marine heatwaves in and around New Zealand are increasing climate extremes; and seaweed's climate superpowers.
Dismissals 'massive win' for climate movement
Tue 13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
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.
Clean energy just put China’s CO2 emissions into reverse for first time
Fri 16 May 2025
For the first time, the growth in China’s clean power generation has caused the nation’s carbon dioxide (CO2) emissions to fall despite rapid power demand growth.
Antarctic expedition unearths clues to climate catastrophe
Thu 15 May 2025
Media release | Rocks from the coldest continent hold clues to an extinction event 183 million years ago.
States sue the Trump administration for blocking funds for electric vehicle charging
9 May 2025
Seventeen states are suing President Donald Trump ‘s administration for withholding billions of dollars for building more electric vehicle chargers.
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.
Lawyers move to take Climate Commission to NZ’s top court
1 May 2025
Lawyers for Climate Action has filed a case challenging New Zealand's climate targets in the Supreme Court.
New research tests wastewater carbon capture potential
5 May 2025
Treating wastewater with alkaline minerals could potentially remove more than 18 million tonnes of carbon dioxide from the atmosphere each year, according to new research.
Global sea levels rise spelling catastrophe for coastal towns and cities
Wed 14 May 2025
For around 2,000 years, global sea levels varied little. That changed in the 20th century. They started rising and have not stopped since — and the pace is accelerating.
Large fires are burning on the slopes of South Africa's famous Table Mountain
1 May 2025
Helicopters dropped water on large fires burning on the slopes of South Africa's Table Mountain on Tuesday as police investigated whether arson was the cause.
Meridian set to build its first solar farm as Genesis stockpiles coal
2 Apr 2025
Meridian Energy is set to start construction on its 130MW Ruakākā Solar Farm south of Whangārei in August 2025, with the project receiving a final investment decision and construction approval from the Meridian Board.
