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Topics tagged with 'Tax'

More in: Tax
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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).

Bedouin villages around the Ramat Hovav industrial area in southern Israel suffer from a high level of air pollution from nearby chenical evaporation ponds and an Israel Electric Corporation power plant

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.

Jungfraoujoch GAW Global station

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.

Dr Rod Carr, Chair of the Climate Change Commissioner.

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

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.

Adaptation
More >

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?

Agriculture
More >

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

Airlines
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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?

Aviation
More >

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.

Biodiversity
More >
Sanctuary Mountain Maungatautari

'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.

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 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.

Carbon News world
More >

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.

Carbon prices
More >

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.

Coal
More >

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.

Comment
More >
Credit: International Institute for Sustainable Development

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.

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
More >

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.

Emissions trading
More >
Climate Change and Energy minister Simon Watts (left) with Genesis Energy chief executive Malcolm Johns.

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.

Energy
More >

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.

Extinction
More >
Gas tanks at Te Whakaraupō Lyttelton Harbour

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 weather
More >

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.

Fishing
More >

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.

Forestry
More >

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.

Gas
More >

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.

Geothermal
More >
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
More >

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.

Greenhouse Effect
More >

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.

Greenwashing
More >
Professor Jane Kelsey

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.

Hydro power
More >

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
More >

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.

Insurance
More >

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.

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
More >
Members of the Parents for Climate group, and lawyer David Hertzberg, outside the federal court in Sydney. The advocacy group accused Energy Australia of greenwashing. The parties have now agreed to a settlement.

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.

Low carbon
More >

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.

Market advice
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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.

Mining
More >
Rachel Arnott with kaumatua Ngāpari Nui at the New Plymouth District Council committee

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.

NZ ETS
More >
James Treadwell, president of the New Zealand Institute of Forestry

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.

Oceans
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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.

Planetary boundaries
More >

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.

Plastics
More >
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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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.

Protest
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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.

Rare earth minerals
More >
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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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.

Science
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Richard Hills

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.

Technology
More >

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.

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
More >
Richard Briggs

“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.

United Nations
More >

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
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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 >

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.

Wildfires
More >

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.

Wind energy
More >

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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