Topics tagged with 'Tax'
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.
Insolvency threatens Maori forest owners
1 Apr 2008
Some Maori owners of pre-1990 forest land are going to become technically insolvent the day the Government’s emissions trading scheme (ETS) comes into effect, according to the secretary of a Maori incorporation.
No need for NZ to drag feet on biofuels
1 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.
Family Party to oppose carbon tax
1 Apr 2008
Family Party leader Richard Lewis says the party is unconvinced that carbon based taxes are justified or necessary.
Air miles, buy-local campaigns “insidious, sinister”
31 Mar 2008
Air miles and buy-local campaigns are “insidious, even sinister” trade protectionist barriers set up under cover of the battle against climate change, former World Trade Organisation (WTO) director-general Mike Moore told Carbon News.
Roger Kerr: Saving the Planet Must Not Cost the Earth
31 Mar 2008
By Roger Kerr, Business Roundtable Shortly a select committee of parliament will begin hearings on the bill to implement an emissions trading scheme (ETS).
Bollard: ETS will add to headline inflation
31 Mar 2008
The introduction of an Emissions Trading Scheme in New Zealand will also add to headline inflation here, Reserve Bank Governor Alan Bollard says in an economic outlook speech.
Call for emissions revenue to fund tax cuts
27 Mar 2008
Australia’s Opposition treasury spokesman last night urged the Kevin Rudd Labor Government to devolve the money it raises from carbon credits onto the states so they can eradicate a raft of inefficient taxes.
NZ emissions trading regulations - what's in store
27 Mar 2008
Officials are working on a range of regulations to implement New Zealand's emissions trading system.
Transpower announces half-year result - operating surplus down $23.6m
26 Mar 2008
Transpower, the owner and operator of the national electricity grid, made good progress on planning and implementing necessary investment in the grid during the six months ending 31 December 2007.
Meridian half-year profit $94 million - $175 million special dividend
26 Mar 2008
Meridian has reported a half-year after-tax result of $93.7 million for the six months ended 31 December 2007, compared with a restated profit of $116.6 million for the same period a year earlier.
Half year loss but Solid Energy forecasts profitability for full year
26 Mar 2008
Energy producer, Solid Energy New Zealand Ltd, has produced a net loss after tax of $2.7 million for the half year ended 31 December 2007.
Cut company tax to 25%, Aussies plead
25 Mar 2008
A 5% cut in the company tax rate is being demanded by lobbyist Australian Industry Group (AIG) to cushion business from the financial impact of the emissions trading scheme (ETS) that Kevin Rudd’s Australian Labor Government intends implementing in 2010.
Self-assessment the Kiwi ETS maxim
20 Mar 2008
A CARBON NEWS INQUIRY SERIES - By Hugh de Lacy: Don’t wait around for the Government to impose overseas standards on carbon assessment and verification: self-assessment is the core theme in the New Zealand emissions trading scheme (ETS), according to Dave Brash, general manager of the Treasury’s Emissions Trading Group.
What the media didn't tell you about Air New Zealand's Shanghai Cabin Crew
20 Mar 2008
Due to a number of erroneous and factually incorrect media items in recent days, Air New Zealand would like to again clarify the employment terms and conditions of its Shanghai based Cabin Crew.
Could Clark deliver a personal climate change tax credit?
19 Mar 2008
Could the Clark Government come up with a one-off cash Climate Action Dividend in this year’s Budget, to offset higher costs people will face to pay for its climate change measures?
Smith: Chainsaw massacre continues unabated
19 Mar 2008
Figures released on deforestation are nothing short of an environmental disaster, says National's Climate Change spokesman, Dr Nick Smith.
CARBON NEWS FORUM: BP Chief Executive - Action needed now to smooth transition to low carbon economy
19 Mar 2008
"Across the world we're at an inflection point as far as the future energy mix is concerned. If we act now to develop sustainable regulatory and fiscal structures, we will be able to smooth the transition to a lower carbon economy of the future. If we wait, then that transition could be very difficult indeed" said BP chief executive Tony Hayward at the Third International Renewables Energy Conference.
Forestry offsetting gains "overwhelming" support
18 Mar 2008
The Flexible Land Use Alliance (FLUA) says it now has "overwhelming" support for a foresty offset scheme in both Parliament and the finance and expenditure select committee now that the National Party has got in behind it.
Government’s bio-fuel bubble fit to burst
17 Mar 2008
The bio-fuels bubble has exploded in the face of the Labour Government’s demand that they be incorporated into petrol and diesel mixes, according to the New Zealand chief executive of global energy giant British Petroleum (BP), Peter Griffiths.
Bio fuel makers: vaibility seriously at risk
17 Mar 2008
Major players in New Zealand’s fledgling biofuel manufacturing sector believe there are severe risks to its viability.
EU pumps up minimum taxes for diesel to equal petrol
17 Mar 2008
Members of the European Parliament have decided the current EU-wide minimum rate of tax on diesel should be increased to match the current minimum rate for unleaded petrol, but no further.
EU e-affirms 20% GHG cut by 2020, new energy source goals
17 Mar 2008
European Union countries agreed at a two day summit, ending Saturday NZ time, to climate change goals that include cutting greenhouse emissions by 20 percent from 1990 levels by 2020.
Corporate tax group's views on treatment of New Zealand emission trading units
12 Mar 2008
Inland Revenue is being asked to clarify how emissions trading units, used in the coming New Zealand emissions trading scheme, will be treated. This paper prepared by Deloitte for the Corporate Tax Group (representing 32 major corporations) and submitted to the IRD, sets out the issues – and proposed solutions in how ETUs should be treated for tax purposes.
Climate Change natural - unstoppable
12 Mar 2008
By Dr Muriel Newman, Director NZ Centre for Political Research www.nzcpr.com (http://www.nzcpr.com/). I have just returned from an historic meeting of more than 500 people from around the world who gathered in New York to address the question of whether man-made global warming is really threatening the future existence of our planet.
Global Carbon Credits: Act to avoid carbon tax
12 Mar 2008
Press Release: Global Carbon Credits Ltd. Thursday, 13 March 2008 From The Office of Ross Garrick, Managing Director. In response to recent media attention on the topic of Carbon Credits and the New Zealand Emission Trading Scheme. We at Global Carbon Credits Ltd. (G.C.C) would like to make it known that we have already signed contracts with landowners in N.Z. to assess, manage and market the carbon offset potential of their land.
Rabobank's annual Ag report: fine balance needed on climate change
12 Mar 2008
Given New Zealand’s exposure to global agricultural commodity markets, any loss of international competitiveness as a result of the new scheme would be damaging, according to report co-author and Rabobank head of Food and Agribusiness Research and Advisory, Bill Cordingley.
Pacific climate advocates welcome pre-COP31 meeting in Fiji and Tuvalu
Today 11:45am
Media release – 350.org | Climate advocates across the Pacific will now prepare for the Pre-COP31 meetings in Fiji and Tuvalu, with the Pacific Islands Forum confirming the hosts yesterday.
South Korean farmers sue utility giant KEPCO over climate damage to crops
Wed 25 Feb 2026
As harvest season approached last November, farmer Ma Yong-un walked through his apple orchard in southern South Korea with a growing sense of dread.
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Singapore sets first ever sustainable aviation fuel levy, as Southeast Asia’s fuel industry grows
17 Feb 2026
Flying in and out of Singapore, home to Southeast Asia’s busiest airport, will get slightly more expensive this year as the city state begins imposing a levy of between 75 cents to $32 per ticket to fund sustainable aviation fuel.
Kiwis overly optimistic about state of environment
Today 11:45am
By Shannon Morris-Williams | New research suggests many New Zealanders believe the environment is in better shape than it really is, with public perceptions often out of step with scientific evidence.
Govt’s own modelling shows LNG leads to higher electricity prices than other solutions
19 Feb 2026
By Christina Hood | COMMENT: According to modelling conducted by Concept Consulting for MBIE, either developing the Tariki gas storage facility or managing electricity demand would deliver lower wholesale electricity prices than the Government’s preferred solution of an LNG import terminal.
New study looks to nature markets to accelerate climate response
18 Feb 2026
The Nature Conservancy is teaming up with local groups to study the most affordable and effective ways of restoring native habitats at the top of the South Island, including ways to fund the work using international voluntary carbon markets and biodiversity credits.
UN approves first carbon credits under Paris Agreement market mechanism
Today 11:45am
The United Nations has approved the first credits to be issued under a carbon market established by the Paris climate accord, aimed at reducing emissions – a mechanism that has faced scrutiny over greenwashing concerns.
Carbon price drops as volatility continues
17 Feb 2026
By Liz Kivi | The carbon market is still displaying extreme volatility, with prices dropping back to below $40 yesterday, after trading as high as $46.25 last week.
3,600 times faster: China is shaking up the steel industry
Wed 25 Feb 2026
For over a century, making steel meant coal, heat, and hours of waiting. A Chinese research team now reports collapsing that process into just three to six seconds; no coal, near zero emissions, and a vortex lance already moving toward commercial production. The technology is called flash ironmaking, and in February 2026, its implications are still unfolding.
LNG: a rational choice compared to unpalatable alternatives
10 Feb 2026
By Pattrick Smellie | COMMENT: By deciding to underwrite the private construction of a liquefied natural gas import facility in Taranaki, the Government has made a rational choice in favour of energy security and affordability.
Sustainable retail-office project breaks ground under new Green Star framework
19 Feb 2026
Construction is set to begin on a new retail-office development in central Auckland, which is targeting a 40% reduction in embodied carbon and 25% lower energy.
Opposition attacks Govt over fossil fuel phaseout backdown
2 Feb 2026
By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.
Carbon market rallies but auction floor still out of reach
13 Feb 2026
By Liz Kivi | The carbon market has rallied, with secondary market prices up more than 25% in the past two weeks, although current prices in the mid-$40s are still far below this year’s $71 auction floor, with the first auction of 2026 less than three weeks away.
Govt plan to encourage new energy investment won’t cut costs for ordinary Kiwis
Thu 26 Feb 2026
By Liz Kivi | While gentailers and major energy users have welcomed the Government’s plan to leverage public sector demand to drive new energy projects, an expert says it is unlikely to reduce prices for ordinary people.
Environmental groups call for ETS reform
20 Feb 2026
Several environmental organisations are calling on political parties to make climate and biodiversity central to the 2026 election campaign, with reforming the Emissions Trading Scheme seen as a key priority.
Floods and landslides in Brazil kill at least 30 after record rainfall
Thu 26 Feb 2026
Three firefighters pulled a man’s body from the mud amid the rubble of houses swept away in a landslide in south-eastern Brazil, where 30 people died and 39 were still missing on Tuesday after torrential rains.
Transport dominates NZ’s rising consumer emissions
10 Dec 2025
By Shannon Morris-Williams | Transport pollution was the biggest contributor to an increase in New Zealand’s consumption-based emissions in 2023, with emissions from household travel up 12%, and consumption-based emissions totalling 58.3 million tonnes – up 1.6% from the previous year.
The 15 foods destroying rainforests, in one simple chart
Wed 25 Feb 2026
It’s pretty much impossible to live a life free of environmental harm. But there is one thing you could do immediately that would help the planet a heck of a lot: eat less beef.
Hipkins rejects LNG terminal, backs renewables
Tue 24 Feb 2026
By Shannon Morris-Williams | Labour leader Chris Hipkins used his State of the Nation address to warn that worsening extreme weather and rising energy costs show climate change is no longer a distant threat.
RMA to speed up fossil fuel consents
18 Aug 2025
By Liz Kivi | An energy lobby group has welcomed a last-minute amendment to the RMA that puts fossil fuels on the same footing as renewables, however a sustainable energy expert says the move “beggars belief.”
European Central Bank's green supervision grows teeth, but will banks avoid being bitten?
13 Feb 2026
After several years of issuing guidance and repeatedly calling on banks to take climate and environmental risk management seriously, the European Central Bank is moving from guidance and expectations to enforcement.
Tairāwhiti needs proper Govt support to heal the land – not empty announcements for political optics
Tue 24 Feb 2026
OPINION: The Government’s answer to Tairāwhiti’s severe erosion crisis – that the region apply for modest, contestable funding rounds – while rejecting the region's own land transition business case, leaves our long-term resilience hanging in the balance, writes Manu Caddie.
Claims that AI can help fix climate dismissed as greenwashing
18 Feb 2026
Tech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report.
Govt missing opportunity to slash electricity prices, says expert
11 Feb 2026
By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.
Media round-up
13 Feb 2026
In our round-up of climate coverage in local media: Senior UK ministers have asked their New Zealand counterparts to explain new climate policies, National’s LNG blunders are a warning ahead of election campaign, and what are the lessons New Zealand should take from another summer of weather disasters?
Wales council to buy and demolish homes prone to flooding
4 Feb 2026
A row of homes in a village in south Wales is to be bought by a local authority and demolished as they can no longer be protected from flooding caused by the climate crisis.
Climate law change spanner in the works for Waitangi Tribunal Inquiry
19 Dec 2025
By Liz Kivi | The Government’s controversial changes to New Zealand’s legal framework for climate policy have thrown a spanner in the works for a long-running Waitangi Tribunal Inquiry into climate change.
EDS puts environmental lawmaking under the spotlight
Thu 26 Feb 2026
Media Release |The Environmental Defence Society has launched the first in a series of investigative pieces into how environmental laws are being made in Aotearoa New Zealand.
Climate 'dream team' launches foundation targeting 100 million tonnes in emissions cuts
Wed 25 Feb 2026
By Shannon Morris-Williams | The New Zealand Climate Foundation, which has the ambitious aim of cutting 100 million tonnes of greenhouse gas emissions by 2035, had its official launch on Monday.
China has a new competitor? Kazakhstan reveals huge rare Earth deposit that could power the next tech boom
Wed 25 Feb 2026
China’s grip on rare earths might finally see some competition, and the world is already taking notice.
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.
Chronic ocean heating fuels ‘staggering’ loss of marine life, study finds
Today 11:45am
Chronic ocean heating is fuelling a “staggering and deeply concerning” loss of marine life, a study has found, with fish levels falling by 7.2% from as little as 0.1C of warming per decade.
Calls for action to reduce emissions as extreme weather bites
17 Feb 2026
By Liz Kivi | Renewable energy advocates and environmental groups are calling for more action to reduce emissions and increase resilience as severe weather wreaks havoc across the country.
Australia-US minerals deal underpinned decision to allow mining company to clear threatened indigenous forest
Mon 23 Feb 2026
The Australian government’s decision to allow the US mining giant Alcoa to continue clearing swathes of Western Australian jarrah forest despite past illegal clearing practices was made in part due to a critical minerals deal reached between Australia and the Trump administration last year, a new document shows.
‘They pushed so many lies about recycling’: the fight to stop big oil pumping billions more into plastics
Tue 24 Feb 2026
Plastic production has doubled over the last 20 years – and will likely double again. For author Beth Gardiner, metal water bottles and canvas tote bags are not the solution. So what is?
Local govt shake-up risks weakened environmental outcomes – Commissioner
Today 11:45am
By Shannon Morris-Williams | The Government’s push to simplify local government is "deeply flawed" and has been launched without a clear understanding of which functions must remain regional, according to the Parliamentary Commissioner for the Environment.
Gas security fund panel named – but projects still hush-hush
Thu 26 Feb 2026
The Government’s $200m Gas Security Fund has attracted interest from “several” entities, but officials are refusing to disclose who is circling or what types of projects are being put forward, leaving the market to take the programme’s credibility largely on trust.
Media round-up
20 Feb 2026
In our round-up of climate coverage in local media: 'Every tonne matters': The climate scientist who wants to give you hope; Minister says managed retreat is an option; and climate change is here – is New Zealand ready?
Brazil and India agree to boost cooperation on rare earths
Tue 24 Feb 2026
Brazil and India sealed a deal Saturday on critical minerals and rare earths, enhancing cooperation on crucial resources between two major countries of the global south as they seek to diversify their trading relationships.
Trump slaps 126% solar import duty on India in threat to India-US trade deal
Thu 26 Feb 2026
The solar import duty suggests that Trump's “America First” policy remains the priority, even at the expense of an India-US trade deal.
UNESCO report: Major blind spot in ocean carbon research could undermine global climate predictions
Thu 26 Feb 2026
Media release | A new report by the Intergovernmental Oceanographic Commission (IOC) of UNESCO reveals a critical lack of understanding of how the ocean absorbs and stores carbon.
NZ-UAE partnership boosts advanced tech
9 Feb 2026
Media release | A new Antarctic science partnership with a leading UAE university will grow New Zealand’s advanced engineering and modelling capability, supporting high-value jobs, encouraging economic growth, and enabling smarter climate risk management, Science, Innovation and Technology Minister Dr Shane Reti says.
Pacific climate response in question as NZ finance remains unclear
19 Dec 2025
By Shannon Morris-Williams | With New Zealand's $1.3 billion international climate finance commitment set to end with no clarity on what follows, the Auditor-General says oversight of that funding remains patchy and long-term outcomes are unclear.
NZ’s EV uptake decelerates
Mon 23 Feb 2026
By Liz Kivi | New Zealand’s EV uptake is lagging behind other countries, with a huge drop in EV sales since 2023 bucking international trends, at the same time the Government contemplates abolishing its standard for clean cars entirely.
General Assembly chief calls for US to pay UN fees in full
Today 11:45am
The head of the United Nations General Assembly on Tuesday urged top contributor the United States to pay its fees in full after Washington made only a partial payment to the global body, amounting to less than 5% of the total amount owed.
Infrastructure plan calls for ‘predictable approach’ to electrifying economy
18 Feb 2026
Aotearoa’s first National Infrastructure Plan, introduced to Parliament yesterday, calls for "a predictable approach to electrifying the economy" as one of ten priorities for the next decade.
New research on climate adaptation as severe weather hits
16 Feb 2026
As extreme weather batters the country yet again, researchers have published the first ever empirical study of climate adaptation justice in Aotearoa New Zealand.
Study finds warming world increases days when weather is prone to fires around the globe
20 Feb 2026
The number of days when the weather gets hot, dry and windy — ideal to spark extreme wildfires — has nearly tripled in the past 45 years across the globe, with the trend increasing even higher in the Americas, a new study shows.
India and UK launch offshore wind taskforce
Mon 23 Feb 2026
Constituted under Vision 2035 and the Fourth India-UK Energy Dialogue, the Taskforce is designed to provide strategic leadership and coordination for India’s nascent offshore wind ecosystem.
