Topics tagged with 'Tax'
Governor vetos third bid to expand Kansas coal plant
21 May 2008
Kansas Governor Kathleen Sebelius yesterday vetoed the Legislature's third attempt at allowing expansion of a coal-fired power plant in southwest Kansas
EMA applauds plan to "pause" ETS
21 May 2008
The Employers and Manufacturers Association Northern supports the need for New Zealand to have a robust policy to combat man-made contributions to greenhouse gases.
Regulating greenhouse gases will generate a lot of money -- who should get it?
19 May 2008
A US climate-change bill that has widespread support as it heads to the Senate floor will create an estimated $150 billion of new assets in the first year it takes effect.
ETS will trim Kyoto bill $909 million, pushes Key further out on policy tightrope
16 May 2008
The emissions trading scheme will avoid a 15 to 50 million tonne rise in emissions between 2008 and 2012, Climate Change Issues Minister David Parker has told Parliament, in what appears to a ground preparing statement ahead of National leader John Key’s ETS policy announcement this Sunday.
US shows huge jump in wind installations
16 May 2008
More than 1400MW of new wind energy capacity, costing $3 billion, was installed in the US in the first quarter of 2008 – up from just 124MW in the same period of 2007, according to the American Wind Energy Association (AWEA).
Water emerges as climate change priority in Australia
15 May 2008
The importance of water to Australia is signalled by water security efforts getting a significant share of funds in the $2.3 billion climate change vote in the Rudd Government’ first budget.
McCain outlines plan to confront climate change
14 May 2008
Republican presidential nominee-in-waiting Senator John McCain says America needs a market-based cap and trade system to curb greenhouse gas emissions, mobilise innovative technologies, and strengthen the economy.
Spain dishes out $90m to help poor African countries
14 May 2008
Spain plans to help five poor African countries fight hunger and climate change under a $US90 million scheme to help the continent whose people flood to Spain in their tens of thousands each year.
Rio Tinto joins 'capital strike' game, says union leader
13 May 2008
Rio Tinto’s threat to close the Tiwai Point aluminium smelter is the latest move in a “capital strike” campaign by heavy greenhouse-gas emitters to get their own way over the emissions trading scheme, says EPMU national secretary Andrew Little.
Business decision makers back emissions trading
13 May 2008
Six out of 10 business people agree with the Government’s policy to introduce an emissions trading scheme.
Aussie Budget tipped to deliver massive boost in climate change spending
13 May 2008
Australian Treaurer Wayne Swan will unveil a $2.3 billion climate-change programme in today's budget, the biggest investment of its kind.
The Business Roundtable writes
13 May 2008
References to the Business Roundtable in your editorial of April 29, 2008 were drawn to my attention.
Nats deny any ETS deal with Government
12 May 2008
National is denying reports that it is gearing up to do a deal with Labour over the emission trading scheme, and the Government isn’t commenting.
Can National really make the tough calls on climate change?
12 May 2008
ANALYSIS – National may be showing it really doesn’t want to act on climate change.
New poll: Kiwis like ETS delays but want heavy emitters to pay now
9 May 2008
New Zealanders approve of the Government’s billion-dollar decision to delay bringing transport into the emissions trading scheme – but think that heavy emitters should be facing the cost of their emissions now.
Government disputes $80b 'carbon tax' windfall claim
9 May 2008
The Government is disputing a suggestion by Solid Energy chief Don Elder that it could stand to make $80 billion from New Zealand’s emissions trading scheme.
ANALYSIS: Will Don Elder today spell out his dream for New Zealand?
9 May 2008
What did Don Elder hope to achieve by assuming a carbon price of $200 per tonne and almost nil-emissions reduction – to produce a result showing the Government could make a surplus of up to $80 billion from its emissions trading scheme?
Brits clash with Europe over carbon permit revenue
9 May 2008
The British Government is on course for an embarrassing showdown with the European Union, business groups and environmental charities after refusing to guarantee that billions of pounds of revenue it stands to earn from carbon-permit trading will be spent on combating climate change.
Changes to Kyoto last straw for forest owners
8 May 2008
Recent changes to the government's emission trading scheme mean forestry will be the only sector in the NZ economy meeting its Kyoto obligations until 2011, says the Nz Forest Owners Association in a statement.
Worried companies coming clean on carbon
8 May 2008
Thousands of companies supplying some of the world's largest corporations know climate regulations are coming and are agreeing to measure their emissions of climate-altering greenhouse gases.
EPA experts cast doubts on greenhouse gas emissions trading
8 May 2008
The principal plans Congress is considering to combat global warming may not work as intended, according to an open letter from US Environmental Protection Agency specialists posted today by Public Employees for Environmental Responsibility (PEER).
Greenpeace: Don't subsidise polluting industries
8 May 2008
Don't subsidise polluting industries at the expense of ordinary New Zealanders and the planet.
Government confused over transport – Sustainable Energy Forum
8 May 2008
The Government doesn’t know which way to jump on transport, says Tim Jones, convenor of the Sustainable Energy Forum.
Pandering, polluting, unprincipled – and popular
7 May 2008
ANALYSIS – The Government yesterday gave control over New Zealand’s transport fuel emissions to the offshore oil markets.
Dutch mull over specific greenhouse gases for taxation
7 May 2008
The Netherlands is mulling over whether to build into its new controversial environment tax a specific levy linked to climate-changing nitrogen oxide (NOx) emissions.
Food exporters need help measuring carbon footprint
6 May 2008
The poster-guys of New Zealand’s carbon-neutral scene, Marlborough’s Grove Mill winery, say that Government support is needed if New Zealand exporters are to be ready to counteract growing Northern Hemisphere perceptions that buying our food is bad for the climate.
Nation’s biggest newspaper comes out for Forum advice on emissions trading scheme
5 May 2008
ANALYSIS: The New Zealand Herald today came out in support for the emissions trading scheme course advocated in advice to the Government last week by the powerful Climate Change Leadership Forum.
NZIER sets cat among political pigeons
1 May 2008
Two days after being revealed exclusively by Carbon News, the New Zealand Institute of Economic Research’s (NZIER’s) report into the costs of the Government’s planned emissions trading scheme (ETS) is sending shock-waves through Parliament.
Parker: Emissions trading 'effective and affordable'
1 May 2008
A summary of economic modelling shows emissions trading is an effective approach to reducing New Zealand’s greenhouse gas emissions in the long term, Climate Change Minister David Parker says.
Political realities mean emissions scheme phase in slower than desirable
1 May 2008
The political reality of having all sectors included in an emissions trading scheme means some major emitters will start paying for their greenhouse gas emissions later than is desirable in a perfect world.
Now a home which can feed the national grid
1 May 2008
A Wellington family is expected to enjoy a 75% fall on its annual power use because of energy efficient design and installation of a solar system which also has the potential to feed into the national grid.
ANALYSIS: At last commonsense leadership on the ETS is heard above vested interest
29 Apr 2008
Did we last night see an agreed whole-of-New Zealand view emerge on the emissions trading scheme?
Climate Change Leadership Forum backs emissions trading scheme
29 Apr 2008
The Climate Change Leadership Forum, including 34 business and other sector leaders, has issued 10 key points of policy advice made so far to the Government and Finance and Expenditure Select Committee on the proposed emissions trading scheme (ETS).
Quebec sets cuts and signs up for carbon credit market
23 Apr 2008
Quebec has said it wants to cut its greenhouse gas emissions between 1.5 percent and six percent below 1990 levels by 2012, as it announced it would become an eastern member of a coalition of western US states and Canadian provinces eyeing a regional carbon-credit trading market.
KPMG: Tax consequences of being “green”
22 Apr 2008
When a famous frog sang, “it’s not easy being green …” he could have been referring to the consequences of being green for New Zealand businesses. As far as the IRD is concerned, it’s not going to get any easier.
Labour’s credibility on climate change dies with latest figures
21 Apr 2008
Figures showing yet another increase in New Zealand’s greenhouse gas emissions are a fatal blow to the credibility of Labour’s climate change record, says National’s Climate Change spokesperson, Nick Smith.
EU officials investigate competitiveness issues arising from ETS plan
17 Apr 2008
European Union (EU) officials from the European Climate Change Programme (ECCP) in the past few days have initiated a program to identify which energy-intensive industries might need protection as a result of the EU's recently proposed tougher greenhouse gas (GHG) emissions controls.
Government working on eco claim system, Mallard may look at new accord on packaging
16 Apr 2008
Environment Minister Trevor says the government is on a system to verify eco-claims being made on all goods and services.
EXCLUSIVE: 'Surprise' MAF report shows some farms will profit from ETS
14 Apr 2008
Already well-off dairy farmers could get a 30 per cent profit boost from the ETS, according to an apparently prematurely released Government report.
No need for NZ to drag feet on biofuels
14 Apr 2008
New Zealand shouldn’t delay bringing in biofuel sales obligations and miss out on cutting greenhouse gas emissions by reducing the use of fossil fuels says a major potential investor.
EXCLUSIVE: $18b windfall for NZ government from ETS
11 Apr 2008
CARBON NEWS INQUIRY - The New Zealand Government’s coffers will be boosted by $18b in windfall revenues from sales of carbon credits between 2013 and 2024, according to privileged information obtained by Carbon News.
Australian exchange reveals it will compete with TZ1
11 Apr 2008
The Australian Securities Exchange (ASX) had thrown down the gauntlet to its New Zealand counterpart’s launch later this year of its TZ1 carbon exchange.
No government plans for carbon import tariff – yet
9 Apr 2008
The Government has given an equivocal “No” to the possibility of imposing tariffs on imports from countries that don’t put a price on their greenhouse gas emissions.
The scrap is still on over who gets new $10m a year waste tax revenue
8 Apr 2008
The Waste Minimisation Bill, in the name of Green MP Nandor Tanczos, has been reported back from select committee with unanimous support. It will usher in a new tax raising $30 million a year, if passed
UK Trade Minister: tariffs threat could gain momentum if market doesn’t work
7 Apr 2008
Britain’s Trade and Investment Minister, Lord Digby Jones, has told business executives in Auckland that if the market has not got carbon priced right by 2012, the calls to impose border taxes on goods from countries not paying for emissions could gain momentum.
Climate change "motorway" to higher value production
4 Apr 2008
The effects of climate change are one of the greatest threats we face, Agriculture Minister Jim Adnerton has told the Large Herds Association conference at New Plymouth. If we handle it the right way, it will also be our motorway to higher value production.
Report: Carbon tariffs on China could drive industry back to US
3 Apr 2008
Imposing carbon tariffs on China could drive some manufacturers back to North America, according to a new CIBC Coming Home.
Consultation on climate change measures continues
3 Apr 2008
Climate Change Minister David Parker has welcomed the start of the next round of public engagement on the Labour-led government's important climate change policy of emissions trading.
GHGPC: Emissions Trading - at what cost?
3 Apr 2008
In a presentation to the Finance and Expenditure Select Committee hearing submissions on the Climate Change (Emissions Trading and Renewable Preference) Bill, the Greenhouse Policy coalition, representing the energy intensive sector, had the following to say.
No emissions trading revenue windfall for NZ
2 Apr 2008
Unlike Australia, there will be no multi-billion-dollar windfall to the New Zealand Government from selling carbon credits.
Governments must vote in favour of moratorium on deep sea mining
Tue 29 Jul 2025
Media release - Greenpeace | The 30th session of the International Seabed Authority (ISA) has ended with Greenpeace saying governments are continuing to fall short in protecting the deep sea.
Does NZ need a national incentive scheme for wetlands?
Fri 25 Jul 2025
By Liz Kivi | An expert is calling for a national incentive programme to restore New Zealand’s wetlands and wants to stop schemes to drain these vital carbon-sequestering ecosystems.
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.
Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns
18 Jul 2025
Amid suspected fraud in the production of sustainable aviation fuel (SAF), a new report says the airline industry should stop calling all alternatives to kerosene “sustainable”.
Challenges persist in bid to mine the deep sea, even after boost from Trump
Tue 29 Jul 2025
After years of delay, the deep-sea mining plans of Canadian firm The Metals Company (TMC) now appear to be progressing as it pursues a controversial new path to securing a license to mine in international waters under U.S. jurisdiction.
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.
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?
At least 30 killed and several missing as heavy rains and floods lash northern China
Wed 30 Jul 2025
Thousands of people were evacuated as the region, including the capital Beijing, braced for more rainfall overnight.
Bearish sentiment lingers for carbon market
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.
Multi-day protest continues at coal mine
Wed 30 Jul 2025
Bathurst Resources has been forced to truck coal from its Stockton mine as climate activists occupy coal buckets at the mine for a third day.
Forestry can be a big plus for sheep and beef farmers – but there are caveats
22 Jul 2025
By Keith Woodford | OPINION: These are good times for sheep and beef farmers with record product prices for meat, which is precisely why now is the time for sheep and beef farmers to be looking again at farm forestry.
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.
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.
NZ voluntary carbon market’s sad state
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.
Hiringa eyes green methanol plant near Whanganui
Tue 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.
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.
A third of ‘slum residents’ in global south are exposed to disastrous flood risks
Wed 30 Jul 2025
One in three people in informal settlements in the global south live in floodplains and are at risk of a “disastrous flood”.
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.
Wilding pines threaten Molesworth Station
Mon 28 Jul 2025
By Shannon Morris-Williams | Without increased support, the unchecked spread of wilding pines will continue to creep across Marlborough’s high country – putting iconic landscapes and one of New Zealand’s top five biodiversity hotspots at serious risk, according to an expert.
EV sales fall, but it’s complicated
Tue 29 Jul 2025
Imports of fully electric vehicles fell over 50% in value during the 12 months to June 2025, compared with the year ended June 2024, according to Stats NZ.
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.
SBTi releases Net Zero Standard for banks, investors
24 Jul 2025
The Science Based Targets initiative announced the release of its finalised Financial Institutions Net-Zero Standard, aimed at enabling banks and investors to set net zero-aligned targets for their lending, investing, insurance and capital markets activities.
NZ part of hidden global deep-sea network beneath the waves
Fri 25 Jul 2025
Media release - Earth Sciences New Zealand | A world-first study of marine life, including sea creatures found in New Zealand's dark, cold, pressurised ocean depths, has revealed that deep-sea life is surprisingly more connected than previously thought.
‘Ideological sludge’: How NZ is quiet quitting climate action
17 Jul 2025
New Zealand once stood out as a world leader on climate change. In June it became the first country in the world to abandon a commitment to phase out oil, gas and coal.
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.
Taranaki mayors want hydrogen kick-start from Wellington
Mon 28 Jul 2025
By Craig Ashworth, Local Democracy Reporter Taranaki mayors want central government to partner up with their councils to kick-start a hydrogen industry. This despite ongoing questions about the gas’s effectiveness in reducing carbon emissions.
Climate catastrophes are creating a ‘new market reality’ for insurance carriers
23 Jul 2025
Raging wildfires and severe storms contributed to record-high global insurance losses — totalling an estimated US$84 billion — for the first six months of the year.
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.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
Fri 25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
All aboard for passenger rail in the golden triangle
Mon 28 Jul 2025
Media release – The Future Is Rail | New Zealand’s national passenger rail advocacy group, The Future is Rail, has announced its strong support for the Green Party’s proposal to establish a new passenger rail service connecting Auckland and Tauranga.
Urgent action needed to get on track for climate goals - commission
Fri 25 Jul 2025
By Shannon Morris-Williams | New Zealand is making progress on reducing greenhouse gas emissions, but more work is needed – urgently – to set up for future reductions, according to the latest report from the Climate Change Commission.
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.
Toxic algae are turning South Australia’s coral reefs into underwater graveyards
Tue 29 Jul 2025
Since March, a harmful algal bloom, fueled by a marine heat wave, has been choking South Australia’s coastline.
NZ govt’s fossil fuel plans could break international law
24 Jul 2025
By Liz Kivi | The government could be breaching international law with its plans to subsidise and expand fossil fuel extraction, following a ruling overnight from the world’s highest court.
Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’
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”.
‘Total infiltration’: How plastics industry swamped vital global treaty talks
Mon 28 Jul 2025
Petrostates and well-funded lobbyists at UN-hosted talks are derailing a deal to cut plastic production and protect people and the planet.
Media round-up
Fri 25 Jul 2025
In our round-up of the climate coverage in local media: Dairy conversions surge; Gore is hit with a drinking water crisis; meanwhile farming lobby groups Groundswell and Federated Farmers are up in arms about a plan to classify environmental impacts in the agriculture and forestry sector.
As US climate data-gathering is gutted, Australian forecasting is now at real risk
Wed 30 Jul 2025
As damage from climate change intensifies, political change overseas is threatening Australia’s ability to track what’s happening now, and predict what will happen next.
Activists sue US development bank over $4.6bn loan to massive Mozambique gas project
18 Jul 2025
Environmental groups claim loan is ‘unlawful’ in legal filing.
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.
China's carbon emissions may have peaked thanks to renewables push
Mon 28 Jul 2025
Climate experts say China's carbon emissions may have peaked, which could affect global climate targets, the fight against global warming – and the Australian coal industry.
Ocean heatwaves may signal climate tipping point
Fri 25 Jul 2025
A recent study that tapped into satellite data has revealed that 2023 marked an unprecedented year for marine heatwaves, with record-breaking levels of duration, reach and intensity across the world's oceans.
Can robot taxis solve NZ's transport woes?
23 Jul 2025
By Shannon Morris-Williams | The Ministry of Transport has tested the idea of driverless taxis as a futuristic fix. But while new modelling explores how "robotaxis" could ease congestion and reduce car ownership, critics say it misses a crucial point – the country’s worsening transport emissions.
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.
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.
The struggle for control of the Arctic is accelerating - and it's riskier than ever
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.
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.
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.
