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Topics tagged with 'Tax'

More in: 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".

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.

Apropros of nothing: Dawn in Whanganui-a-tara this morning

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.

Adaptation
More >
Flooding in the Waimakariri district following the April 29 to May 2 rain event.

As the sea level rises, who will pay? Councils seek answers

Tue 15 Jul 2025

By David Hill, Local Democracy Reporter | North Canterbury's councils are seeking guidance from Government over who pays for protections from sea level rise, flooding and weather events.

Agriculture
More >

Farmers slam proposed guidelines for sustainable finance

Today 11:30am

By Liz Kivi | Federated Farmers is calling on the government to scrap its proposed framework for ‘green’ finance, saying it is ideologically driven, unworkable, and risks harming rural communities.

Airlines
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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.

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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Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’

Fri 11 Jul 2025

In the midst of a record-breaking heatwave in Europe, the UK city of Exeter recently played host to the second international conference on “tipping points”.

Biofuels
More >

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
More >

CARBON PRICE: NZUs $57.33

Today 11:30am

The Carbon News NZU Index closed at $57.33 yesterday, up 17 cents on the previous day's close.

Carbon News world
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Indigenous elders lose landmark climate battle against Australian government

Today 11:30am

The Australian government has won a landmark climate case against residents of islands under siege from the impacts of climate change.

Carbon prices
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Bearish sentiment lingers for carbon market

Fri 11 Jul 2025

By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.

Coal
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EU wants to see China take more ambitious climate action

Tue 15 Jul 2025

The world needs China to show more leadership on climate action, highlighting the importance of cutting planet-heating emissions and reducing the Chinese economy's reliance on coal.

Comment
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NZ voluntary carbon market’s sad state

Mon 14 Jul 2025

By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.

Construction
More >

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.

Energy
More >

More choices for how we use, buy and sell electricity – and lower our power bills

Today 11:30am

Media release – Electricity Authority | New Zealanders will have more choices for how they use, buy and sell electricity – so they can lower their power bills – because of new market rules confirmed today by the Electricity Authority Te Mana Hiko (the Authority).

Extinction
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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.

Extreme weather
More >

Govt announces $600k package for flood-affected farmers in Nelson Tasman

Today 11:30am

The government has announced a $600,000 support package for flood-affected farmers in the Nelson Tasman Region, a move Federated Farmers says is a lifeline.

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
More >
NZ Forest Owners Association CEO Dr Elizabeth Heeg presented to the environment select committee.

Foresters seek time; end to using ETS as a land use tool

Today 11:30am

By Pattrick Smellie | Production and carbon forestry owners have begged the environment select committee to at least give the sector more time to come up with workable rules for legislation intended to cap forest planting on farmland.

Gas
More >
Megan Woods

Climate backtracking could impact trade relationships: Labour

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.

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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New Zealand First MP Andy Foster

Debanking bill 'financially dangerous'

Tue 15 Jul 2025

By Shannon Morris-Williams | A private member’s bill aiming to stop financial institutions from considering ESG factors has been slammed by leading investment groups, legal experts, and climate finance advocates as misguided, financially dangerous, and legislative overreach.

Greenhouse Effect
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Forest damage following recent weather events in the Nelson-Tasman region.

4000 hectares of forest uprooted by extreme winds in Nelson-Tasman storms

Tue 15 Jul 2025

By Liz Kivi | Foresters are facing a massive clean-up and tens of millions of dollars worth of damage from recent climate change-fuelled storms at the top of the South Island, with initial reports of 4000 hectares of wind-thrown production forestry.

Greenwashing
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Can you trust climate information? How and why powerful players are misleading the public

Fri 11 Jul 2025

The climate crisis is more urgent than ever, so why is there a disconnect between stated policies and actual practices?

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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‘Significant gaps’ in proposed approach to climate adaptation

Thu 10 Jul 2025

A new report into climate adaptation doesn’t suggest how development in high-risk areas should be avoided - an issue that needs urgent action with thousands of homes still being built in hazardous areas, according to the Environmental Defence Society.

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

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.

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

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

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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Millions of tons of tiny plastic particles are polluting the ocean, study finds

Tue 15 Jul 2025

At least 27 million tonnes of nanoplastics are estimated to be floating in the North Atlantic Ocean, weighing more than all wild land mammals combined.

Paris Agreement
More >
Riwaka Sandy Bay Road during recent flooding

'Back-to-basics' approach for councils ignores climate risk

Fri 11 Jul 2025

By Shannon Morris-Williams | While ACT is standing local government candidates to oppose councils' attempts to manage emissions and ministers are calling for local authorities to 'get back to basics' - or even suggesting scrapping regional councils altogether - one expert says this narrative is putting communities at risk in the face of climate change.

Planetary boundaries
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Former Climate Commission Chair Dr Rod Carr

Markets aren't going to save us – Carr

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.

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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Associate Energy Minister Shane Jones

Feedback sought on national fuel security plan

Today 11:30am

Media release - Beehive: The Coalition Government is seeking feedback on a draft Fuel Security Plan that provides a long-term strategy to ensure New Zealanders have reliable access to fuel in times of domestic and global disruption, Associate Energy Minister Shane Jones says.

Politics
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US: Why the federal government is making climate data disappear

Today 11:30am

Under Trump, climate denial has given way to something even more dangerous: climate erasure.

Protest
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UK: Thousands lobby MPs to demand climate action

Thu 10 Jul 2025

More than 5,000 people from across the UK arrived in Westminster on Wednesday to meet their MPs and demand urgent climate action to protect their communities.

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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Have renewables decreased electricity prices?

Today 11:30am

There is a persistent argument in certain circles that renewable energy is associated with higher costs than fossil fuels.

Science
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Researchers unveil new tools to accurately track methane emissions

Mon 14 Jul 2025

Breakthrough methane monitoring tools developed by Earth Sciences New Zealand are set to transform how farmers, landfill operators, and wastewater facilities track and tackle their methane emissions.

Technology
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Basis co-founders Danny Purcell and Julyan Collett

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

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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Fast, sustained phase-out of fossil fuels: best-performing countries in coal and transport sectors

Thu 10 Jul 2025

By Robert McLachlan | It’s true that climate change is getting worse – it will continue to get worse until emissions fall to near zero. But is action on phasing out fossil fuels really stalling?

United Nations
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UN Human Rights Council fails to call out fossil fuels after decision cuts mention

Fri 11 Jul 2025

A proposal by the Marshall Islands and Colombia calling for a transition away from fossil fuels at the UN Human Rights Council failed to make it into the council’s declaration on climate change and human rights issued on Tuesday.

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
More >

The struggle for control of the Arctic is accelerating - and it's riskier than ever

Fri 11 Jul 2025

As the battle for one of the world’s coldest places heats up, an increasingly fragile security balance may be breaking down, leading to an escalating arms race.

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: Tax
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