Topics tagged with 'Tax'
Car dealer imports extra utes to avoid high emissions levy
29 Sep 2021
Auckland car dealership Simon Lucas Mitsubishi put out a press release yesterday saying it had secured a shipment of 2021 Mitsubishi Tritons – allowing people to avoid the high emissions levy due to come into force next year.
Opinion: tax corporations to pay for climate change adaptation
24 Sep 2021
The rapid, radical decarbonisation needed to save the planet will cost a lot. Taxing multinationals and the wealthy properly can help pay for it, argues Eva Joly, a member of the Independent Commission for International Corporate Tax Reform (ICRICT).
Israel announces carbon tax
4 Aug 2021
Israel has announced it will introduce a carbon tax from 2023, with the tax initially applying to just coal, liquified petroleum gas, fuel oil, petcoke and gas.
10 YEARS AGO...
3 Aug 2021
Ten years ago, British electricity generators were paying 16 pounds a tonne for carbon – nearly twice the then price of carbon in New Zealand.
Best way to tax carbon at the border
3 Aug 2021
As more world leaders consider levying border taxes on climate-damaging goods, a new study looks at ways it can be done in countries—including the United States—that haven’t established a domestic market for carbon emissions.
Carbon tariffs ‘not a bad thing’: WWF
30 Jul 2021
WWF International president Pavan Sukhde. a former managing director of Deutsche Bank, has expressed support for carbon tariffs in an interview with Yahoo Finance.
US drawing up carbon tax plans
16 Jul 2021
US legislators are drawing up plans for a tax on imports from carbon-polluting countries to help pay for a $US3.5 trillion ($4.7 trillion) package in new government spending on everything from universal childcare to an expansion of public healthcare benefits.
Business views EU carbon levy as protectionest
6 Jul 2021
The EU faces an uphill battle to convince trading partners that the world’s first levy on carbon imports is fair, workable and a necessary part of the bloc’s attempted green revolution as opposed to a protectionist tool.
Getting people out of their cars a top priority
14 Jun 2021
The lead author of a 2016 Royal Society report that recommended a feebate scheme says yesterday’s announcement is welcome news but getting people out of their cars remains a top priority.
Swiss reject climate tax hike
14 Jun 2021
Exit polls on Sunday indicated that Swiss voters appear to have narrowly rejected a proposed “carbon dioxide law” that would have hiked fees and taxes on fuels that produce greenhouse gases.
Looming EU carbon tariffs
11 Jun 2021
Europe is preparing legislation that would jolt the rules of international trade by taxing imported goods based on the greenhouse gases emitted to make them.
Kiwis want action on climate change: IAG Poll
11 Jun 2021
Media Release - New Zealanders are increasingly expecting the government and business sector to take stronger action on climate change adaptation, according to the results of IAG’s fourth annual climate change opinion poll.
Responses to ClimCom final advice divides along usual lines
10 Jun 2021
An avalanche of press releases in response to yesterday’s release of the Climate Change Commission’s final advice to the government sees interest groups dividing along familiar lines.
Carbon tax planned for Indonesia
9 Jun 2021
The Indonesian government is working on amending the country's tax law, which will include a new carbon tax scheme aimed at increasing state revenue from several industries.
E-bike sales up 300 per cent – SUV sales skyrocket
4 Jun 2021
In mixed news for the climate, e-bike sales are going through the roof – but so are those of double cab utes and SUVs.
How should that $3 billion in ETS revenues be spent?
27 May 2021
Paying farmers to reduce their stocks, electrifying the main trunk line, and subsidies to zero-carbon housing, are some of the ideas suggested by experts for how the Government should spend the estimated $3 billion dollars raised over the next five years from the ETS auctions.
Auckland to spend $21 a year per household on climate change
20 May 2021
Auckland City’s proposed $160 million of spending on climate change over the next 10 years, announced in this week’s “recovery budget,” will add just $21 to the annual rates bill of residential property owners.
$800 per tonne methane tax floated in UN report
7 May 2021
A major UN study on methane, released today, calls for a cut in the consumption of meat and dairy products of up to 50 per cent and observes that a global tax of $US800 per tonne of methane would result in a 75 per cent reduction in emissions by 2050.
Rail plan lacks climate ambition
6 May 2021
The Government has highlighted the 2.5 million tonnes of greenhouse gases New Zealand Rail prevents from entering the atmosphere each year, in its just released NZ Rail Plan, but a climate change expert says the plan is disappointing in its lack of ambition.
Simon Upton’s spirited defence of a departure tax
6 May 2021
The Parliamentary Commissioner for the Environment, Simon Upton, gave a spirited defence of his proposal for a departure tax at today’s Environment Select Committee, despite the Government having ruled it out in the near term.
Calls for US ETS
28 Apr 2021
Industry groups call for pricing alternative to US president’s preference for mandated reductions, The Financial Times reports.
Pacific plan to decarbonise shipping
27 Apr 2021
The Marshall Islands is calling for a greenhouse levy on gas to speed up the decarbonisation of shipping.
Current NZU trigger price risks $500m bill
22 Apr 2021
The Government could find itself having to buy carbon credits to the tune of half a billion dollars on the international market if the current $50 trigger price for releasing additional NZUs at auction isn’t increased.
Best by the rest...
22 Apr 2021
In our weekly round up of the best climate coverage in the local media, we include items by Jim Salinger on over fishing's mammoth threat to the climate, former PM Helen Clark on her vision of a green NZ, and talk of a night train between Auckland and Wellington.
Departure tax not on the cards
21 Apr 2021
The Government is not currently considering the Parliamentary Commissioner for the Environment's proposal for a departure tax.
China slams European border levy proposal
20 Apr 2021
Chinese President Xi Jinping slammed the European Union’s plan for a carbon border levy in a call with the leaders of France and Germany on Friday (16 April), according to state media.
Bursting the climate bubble
19 Apr 2021
The government missed an opportunity to transition to a more sustainable future with the opening of the trans-Tasman bubble today, according to two academics.
10 YEARS AGO...
19 Apr 2021
Ten years ago, the then British High Commissioner, Tony Clemson, was criticising New Zealand for not doing enough about climate change. The more things change... British High Commission first secretary TONY CLEMSON in a personal view, countries are going low-carbon and getting ready to reap the financial rewards. But not New Zealand
New climate indices launched
14 Apr 2021
MEDIA RELEASE - Scientific Beta launches unique series of pure climate indices that translates companies' climate performance and alignment engagement into portfolio decisions
AA calls for ETS revenues to be spent on green transport solutions
13 Apr 2021
The AA has called on the government to spend revenue raised from the ETS on reducing transport emissions or mitigating the effects of climate change.
France's e-bikes for clunkers scheme
13 Apr 2021
France is offering the owners of old, exhaust-belching cars the opportunity to hand over their vehicles for scrap in return for a 2,500 euro grant to buy an electric bicycle.
Unions call for a just transition
12 Apr 2021
Unions are calling for large-scale public investment as part of a “just transition” to a carbon-zero future in their submissions to the Climate Commission’s draft report.
EU carbon tariffs discriminatory - developing nations say
12 Apr 2021
European Union plans to impose taxes on carbon at its border are “discriminatory” and unfair to developing nations, ministers from Brazil, South Africa, India and China have warned.
'We hear you,' Govt tells worried manufacturers
31 Mar 2021
The country’s largest building company is calling for tariffs to protect local manufacturers from unfair competition from imports with higher carbon footprints – and the Government says it is listening.
Reserve Bank calls for Govt lead on green bonds
30 Mar 2021
Government intervention is likely to be needed to encourage greater investment in green bonds, the Reserve Bank says.
Canada will keep its carbon tax
26 Mar 2021
Canada's national carbon tax will remain intact after the country's Supreme Court ruled in favour of its legality.
Why we need a carbon club
25 Mar 2021
If the three biggest economies - China, the United States and the European Union - agree a carbon tax on imports, it will catalyse climate action globally, a new paper says.
Nature left alone offers more than if we exploit it
24 Mar 2021
Save nature, save money. It’s a simple argument. Wilderness cleared and ploughed offers us less than nature left alone.
EU carbon border tax plan worries US
15 Mar 2021
United States Special Presidential Envoy for Climate John Kerry says he is concerned about the implications of the European Union's plans for a carbon border tax.
Carbon tax would be popular with UK voters, poll suggests
25 Feb 2021
Taxing carbon dioxide emissions would be popular with British voters, polling suggests, as the government moots ways to put a price on carbon that could help tackle the climate crisis and fund a green recovery from the coronavirus pandemic.
OPINION: Carbon tariffs are not about Australia
24 Feb 2021
Reports that Britain’s prime minister, Boris Johnson, is considering calling for carbon border levies at the G7 summit to be held in London in June have produced a predictable reaction from the Australian government.
Tax aviation to raise funds for poor countries
19 Feb 2021
Taxes on international transport could provide finance to help developing countries cut greenhouse gas emissions and cope with the impacts of climate breakdown, a group of climate finance experts say.
Hopes new WTO boss can calm carbon tensions
17 Feb 2021
New World Trade Organisation head Ngozi Okonjo-Iweala brings an awareness of climate issues to the UN trade body, where member states are set to clash over carbon border taxes.
MARKET LATESTl NZUs $39.10
10 Feb 2021
Spot NZUs opened at $38.60 bid and $39.60 offered on CommTrade this morning, after last fixing at $39.10.
EDITORIAL: It's about to get real
26 Jan 2021
Welcome to 2021 – the year in which we will get our first hard look at the size of the job in front of us.
MARKEST LATEST: NZUs $37.62
23 Dec 2020
Spot NZUs opened at $37.50 bid and $37.75 offered on CommTrade this morning, after last fixing at $37.62.
Research spending doesn't match priorities - report
10 Dec 2020
There’s a serious mismatch between what New Zealand’s Government identifies as the most pressing environmental issues, including climate change and freshwater quality, and the investments in environmental research it actually makes.
Carbon prices keep climbing
8 Dec 2020
Carbon prices pushed higher again yesterday, making daily gains of 1.64 per cent on both major trading platforms.
Carbon on a barn-storming run
7 Dec 2020
Carbon prices are continuing their climb, recording gains of almost 50 per cent for the year.
NZ to push carbon trade deal to Europe and UK
30 Nov 2020
Joining a New Zealand-led trade pact on climate change could be more effective than putting up trade barriers on carbon, New Zealand will tell Europe and the United Kingdom.
How flying can be a climate solution
Today 10:45am
By Paul Callister and Robert McLachlan - Planetary Ecology | How can aviation contribute to tackling climate change when no practicable technology-based solutions are on the horizon?
Forestry consents and relaxed rules in erosion zones sow seeds of future disaster
Fri 13 Jun 2025
OPINION: The government’s move to restrict exotic forestry on our best food-growing soils will push even more forestry investment onto high erosion risk land on the East Coast, with the worst land becoming the only land left for the most intensive and destructive land use, writes Manu Caddie
Greenwashing is rife in Australia, but could its days be numbered?
28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Help sustainable aviation fuels take off or delay targets, airlines warn EU
20 May 2025
Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.
'Time is right' for nature credits
Fri 13 Jun 2025
Media release | Sanctuary Mountain Maungatautari and Ekos are thrilled to be partnering with central government on the development of a voluntary Nature Credits Market pilot programme, announced by Associate Minister for the Environment Andrew Hoggard yesterday.
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 auction odds-on to fail
Fri 13 Jun 2025
By Liz Kivi | The carbon price has rallied slightly in recent weeks, however with secondary market prices still hovering around the $57 mark, well below this year’s $68 auction floor price, next week’s Emissions Trading Scheme auction looks set to fail.
World leaders’ failure to act is pushing Earth past 1.5°C
Today 10:45am
Based on mounting evidence, some scientists now fear we’ve entered a new era of the climate emergency, characterized by accelerated warming and amplified disasters.
Govt mulls status quo for ETS auction settings
29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
China's approvals of coal power plants grow after 2024 decline
Wed 11 Jun 2025
China approved 11.29 gigawatts of new coal power plants in the first three months of 2025, already exceeding the 10.34 GW approved in the first half of 2024.
A credible UN carbon market needs rules that count – we’ve just set them
Wed 11 Jun 2025
COMMENT: The broad standards for a more ambitious market are now in place. But without a steady flow of investment, this progress will remain largely on paper.
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.
Legal experts sue Climate minister over ‘glaring holes’ in climate plan
Wed 11 Jun 2025
By Liz Kivi | Legal experts are taking the government to court over its Emissions Reduction Plan, alleging it fails to fulfil basic requirements of the law – with one of the arguments focussing on an over-reliance on tree-planting.
Electric firebricks: decarbonising high-temperature industrial heat
Fri 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.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Extreme ocean warming engulfed South-West Pacific in 2024
6 Jun 2025
By Shannon Morris-Williams | Unprecedented ocean warming engulfed the South-West Pacific in 2024, with extreme heat and rainfall causing deadly and devastating impacts and sea level rise threatening entire islands.
Government undermines regional powers to protect coastal biodiversity
Today 10:45am
Media Release | The Environmental Defence Society opposes the Government’s decision to press ahead with amendments to the Resource Management Act that severely curtail the ability of regional councils to manage the impacts of fishing on coastal marine biodiversity.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
Fri 13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
Labor accused of ‘gaslighting’ Australians on climate crisis as fossil fuel projects keep getting approved
9 Jun 2025
‘They offer sympathy and then just go and approve massive fossil fuel projects anyway,’ one advocate says.
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.
Electrification challenge for politicians, regulators
27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
As methane climate impacts soar, NGOs, scientists, and advocates launch campaign to 'pull the methane emergency brake'
Fri 13 Jun 2025
Media release | International NGOs, scientists, and climate advocates are launching a global campaign calling for deep, rapid, mandatory cuts in methane emissions as the best way to lower near-term global temperature rise.
Govt uses climate change as ‘Trojan horse’ for other objectives
Tue 10 Jun 2025
By Shannon Morris-Williams | The Waitangi Tribunal has heard that the New Zealand Government’s international trade and investment agreements are failing to meet Tiriti o Waitangi obligations in the context of climate change – prioritising commercial interests while sidelining Māori rights and worldviews.
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.
What happened to the hydrogen economy?
3 Jun 2025
The hydrogen car that was supposed to carry us into a cleaner future is still not in the driveway. In fact, outside of a few test markets, it’s not in anyone’s driveway.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
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.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
30 May 2025
By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
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.
Tribunal asked to halt seabed mine fast-track
Today 10:45am
By Craig Ashworth, Local Democracy Reporter | South Taranaki hapū want the Waitangi Tribunal to halt a fast-track bid to mine the seabed off Pātea.
Foresters baulk at restrictions, land ballots
Wed 11 Jun 2025
By Liz Kivi | Forestry groups say that new legislation will introduce further uncertainty for planting plans and poses a threat to climate targets.
Ocean current ‘collapse’ could trigger ‘profound cooling’ in northern Europe – even with global warming
Fri 13 Jun 2025
A “collapse” of key Atlantic ocean currents would cause winter temperatures to plunge across northern Europe, overriding the warming driven by human activity.
Fight over coal mine heats up
30 May 2025
Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.
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.
Legislation introduced to restrict farm-to-forest conversions
Tue 10 Jun 2025
Agriculture and Forestry Minister Todd McClay has today introduced a bill to Parliament that he says will put a stop to large-scale farm-to-forestry conversions.
Israel deports activist Greta Thunberg after military seized Gaza Freedom Flotilla ship
Thu 12 Jun 2025
Israel deported activist Greta Thunberg on Tuesday, the country's Foreign Ministry said, a day after the Gaza-bound ship she was on with 11 other people was seized by the Israeli military.
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.
Could Queenstown become the world’s most electric city?
Wed 11 Jun 2025
By Shannon Morris-Williams | Queenstown is set to become the focus of an ambitious initiative aiming to transform it into the world’s most electrified destination.
Climate progress slowing, says Auckland councillor
5 Jun 2025
By Shannon Morris-Williams | The devastating cyclone that tore through Tāmaki Makaurau in 2023 left behind more than just broken infrastructure, sparking calls to focus on facts over ideology in the fight against climate change.
Biochar's negative emissions tech coming to Fieldays
6 Jun 2025
Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.
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.
“It’s not the car – it’s how we move” – EECA
3 Jun 2025
By Shannon Morris-Williams| New Zealand’s transport emissions conversation has focused heavily on electric vehicles – but Richard Briggs, group manager, delivery and partnerships at the Energy Efficiency and Conservation Authority, says we’re asking the wrong question.
Rapid action vital following UN Ocean Conference – experts
Thu 12 Jun 2025
New Zealand-based experts are calling for rapid and transformative action to restore nature - and our relationship with it - at the third UN Ocean Conference in France this week.
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.
Govt's RMA overhaul sparks fears for nature and climate
30 May 2025
By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.
Tropical forest loss hit new heights in 2024; fire a major driver in Latin America
23 May 2025
Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.
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.
