Topics tagged with 'Tax'
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.
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.
Climate takes back seat in Budget 2026
Fri 29 May 2026
By Shannon Morris-Williams | Climate change featured only lightly in Budget 2026, with most climate-related spending focused on resilience and disaster recovery rather than emissions reduction, while the Government again left out any updated estimate of the cost of meeting New Zealand’s Paris Agreement obligations.
Wetland protections failing to stop losses
Thu 28 May 2026
By Shannon Morris-Williams | New mapping commissioned by the Environmental Law Initiative shows wetlands across New Zealand are still being converted to pasture, forestry and mining despite stronger national protections introduced in 2020, with researchers warning enforcement gaps may be undermining the rules.
$30m airline fund risks ‘burning public money’ without lasting benefit – expert
20 Mar 2026
By Shannon Morris-Williams | A $30 million government package to support regional air routes risks delivering poor value for money while increasing emissions, according to transport strategist Tim Adriaansen.
Europe has 'maybe six weeks of jet fuel left', energy boss warns
20 Apr 2026
Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week.
‘Shameful’ move to scrap Ministry for the Environment passes
Thu 28 May 2026
By Shannon Morris-Williams | The curtain has fallen on the Ministry for the Environment after legislation paving the way for its merger into a new mega ministry passed its third reading in Parliament yesterday, with the opposition condemning the move as a major weakening of environmental protection and nature’s voice within government.
Huntly biomass option no cheap fix, Genesis tells MPs
Thu 28 May 2026
Genesis Energy says biomass can be burned in Huntly's Rankine units, but current costs put it in roughly the same price range as imported LNG and extra Rankine capacity would be expensive and could take years.
‘Fiscal hole’ likely to deepen as another carbon auction looms
Thu 28 May 2026
By Liz Kivi | A broker is picking the NZU price will push towards $60 in the coming weeks on the back of improved confidence, however prices on the secondary market are still lagging well below the auction floor, with the second auction of this year less than two weeks away.
World almost certain to endure record hot year by 2030, UN warns
Fri 29 May 2026
A record-breaking hot year is almost certain by 2030 as the climate crisis intensifies, the UN’s World Meteorological Organization has warned.
ETS auction failures created $1.4b fiscal hole – Greens
Wed 27 May 2026
By Shannon Morris-Williams | Finance Minister Nicola Willis has hit back at the Green Party's claim that the repeated failure of New Zealand’s carbon auctions has added a $1.4 billion 'fiscal hole', with Green Party co-leader Chlöe Swarbrick blaming the Government for undermining the ETS.
New coal plants hit ‘10-year’ global high in 2025 – but power output still fell
22 May 2026
The number of new coal-fired power plants built around the world hit a “10-year high” in 2025, even as the global coal fleet generated less electricity, amid a “widening disconnect” in the sector.
Mike Smith’s asymmetric victory
Mon 25 May 2026
By Pattrick Smellie | COMMENT: The New Zealand Government’s recent move, undercutting citizens’ rights and the rule of law to cancel the country’s most important climate case is a massive win for Mike Smith, the climate change activist who brought it.
Green building council calls for clean energy policies
18 May 2026
The New Zealand Green Building Council has released its 2026 election manifesto calling for policies to reduce energy waste in buildings, lower household and business energy costs, and improve New Zealand’s energy security.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
21 Apr 2026
Hungary has played a disproportionate role in EU climate and energy policy in recent years, by repeatedly vetoing climate action and by delaying the phaseout of Russian fossil-fuel imports.
Govt unveils long-awaited voluntary carbon market guidance
15 May 2026
By Shannon Morris-Williams | The Government has released long-awaited guidance for New Zealand’s voluntary carbon and nature markets, as questions continue for the sector despite ministers signalling support for its growth.
Budget quietly kills renewable energy innovation centre Ara Ake
Fri 29 May 2026
By Pattrick Smellie | The axe has fallen in the Budget on the last Labour-led government’s Ara Ake future energy development centre.
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.
Westport climate case study highlights need for national adaptation support
Fri 29 May 2026
By Shannon Morris-Williams | A new Climate Change Commission case study on climate adaptation in Westport has highlighted growing concerns about flooding, climate resilience, and the psychological toll of repeated extreme weather events, with residents and councils calling for clearer national direction and greater funding support.
EDS urges MPs to scrap the Fisheries Amendment Bill
5 May 2026
Media release | The Environmental Defence Society today lodged a substantive submission on the Fisheries Amendment Bill.
Biomass sector asks: where did the love go?
18 May 2026
By Pattrick Smellie | New Zealand has sufficient biomass in its plantation forests to replace natural gas for industrial process heat at lower costs than electrification, but is failing to get the attention it deserves, sector leaders say.
New Plymouth residents say “no to LNG”
Fri 29 May 2026
Media release: Climate Justice Taranaki | At a public meeting in New Plymouth this Tuesday attended by about 100 local residents, the vast majority signed an ‘Urgent Plea’ to stop the proposed Liquefied Natural Gas import facility, addressed to Prime Minister Christopher Luxon, Energy Minister Simeon Brown, and Cabinet Ministers.
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.”
Hipkins pans LNG plan as ‘massive step backwards’
19 May 2026
By Liz Kivi | Labour leader Chris Hipkins has told a Queenstown audience that a Government he leads would not proceed with a planned LNG import terminal, if elected at November’s election.
NZ Govt’s move to halt climate litigation under international scrutiny
19 May 2026
By Liz Kivi | Local and international NGOs have signed an open letter calling on the Government to reconsider its decision to shield major emitters from legal liability for climate-related harm.
Why ‘greenhushing’ signals deeper issues with NZ’s climate risk reporting regime
15 May 2026
By Hang Pham, Te Herenga Waka — Victoria University of Wellington | Most of us are familiar with the concept of greenwashing: organisations exaggerating or overstating their environmental credentials. But in New Zealand, there are signs the country’s climate disclosure regime may inadvertently be driving a very different trend: not saying much at all.
‘Formidable’ El Niño expected this winter
29 Apr 2026
By Liz Kivi | Meteorologists are anticipating a significant El Niño influence on weather patterns across the country from winter onwards, with predicted lower rainfall for some areas and heavier rain for others likely to impact multiple sectors of the economy as well as the carbon market.
Victorian Hydrogen announces Southland urea fertiliser project using coal
22 Apr 2026
By Liz Kivi | Australian-based Victorian Hydrogen has announced it is developing a new 1.5 million-tonne-a-year urea fertiliser operation in Southland, which it will apply for under fast-track legislation.
Media round-up
24 Apr 2026
In our round-up of climate coverage in local media: What is the real cost of storm-hit infrastructure? Urgency is needed over climate adaptation funding; and a community conservation group has won a legal victory against multinational mining company OceanaGold.
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.
Officials told Govt not to stop climate court case
Wed 27 May 2026
By Liz Kivi | Government officials advised ministers not to intervene in a groundbreaking climate court case, according to newly released documents.
LNG vital to prevent economic damage as gas leaves NZ economy
Wed 27 May 2026
By Pattrick Smellie | Importing natural gas will make the difference between an “orderly” or “chaotic and unnecessarily costly" decline as domestically produced gas runs out, the chief executive of the Gas Industry Company, David Prentice, said yesterday.
Govt missing tricks to save fuel in crisis
30 Apr 2026
By Shannon Morris-Williams | The Government is being urged to shift its response to the fuel crisis away from short-term relief and towards measures that reduce demand, with public health experts warning it is missing an opportunity to boost energy security and lower household costs.
Climate risks could reshape business finances, new guidance warns
15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
Move to block lawsuits could strengthen climate case against Govt
14 May 2026
By Liz Kivi | The Government’s plan to block climate lawsuits – while potentially fatal for one groundbreaking climate case – could actually bolster claims in another live climate case underway against the Government.
Thumbs up for Govt help for businesses transitioning from gas
Tue 26 May 2026
By Liz Kivi | Businesses and climate advocates alike have welcomed the Government’s pre-budget announcement that it will help secure cheap lending for businesses transitioning from gas, as New Zealand’s domestic supply dwindles.
Geo-heat search explores exhausted oil and gas fields
Wed 27 May 2026
By Pattrick Smellie | Underground heat from exhausted oil and gas fields are a new target for government-backed efforts to tap geothermal resources for electricity production and industrial use.
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.
Six NZ climate solutions up for 2026 Earthshot prize
21 May 2026
By Shannon Morris-Williams | Six New Zealand climate and sustainability initiatives have been nominated for the 2026 Earthshot Prize, with the shortlist showcasing Kiwi-led solutions tackling emissions, plastic waste and ocean restoration.
Environmental groups sue Trump administration over approval of new ultra deep-water drilling project
23 Apr 2026
Environmental groups sued the Trump administration on Monday over its approval last month of oil company BP’s ultra deep-water drilling project in the Gulf of Mexico.
Govt had ‘little choice’ in signing key UN climate resolution – expert
22 May 2026
By Shannon Morris-Williams | Climate policy expert Bronwyn Hayward said it was “shameful’ New Zealand didn’t throw more active support behind a pivotal climate resolution ratified by the United Nations this week.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
ESG funds include petrochemical companies, report finds
5 May 2026
Global banks have invested US$133bn into US petrochemical expansion, even as the industry is linked to climate change.
New breed of political prisoner arises in Britain as anti-protest sentences rise
Wed 27 May 2026
More people are being jailed in England and Wales as a result of acting to prevent climate breakdown and the war in Gaza, research reveals.
Green Party calls for national electrification plan
20 Apr 2026
By Liz Kivi | The Green Party is calling for a national plan to electrify homes, transport and industry using renewable energy, to reduce fossil fuel dependence in response to the Middle East crisis.
FMA urges sharper focus on climate risk disclosures
Tue 26 May 2026
By Shannon Morris-Williams | New Zealand companies are making steady progress in climate-related financial disclosures, but the Financial Markets Authority says many organisations still need to provide clearer and more robust reporting on physical climate risks and their potential business impacts.
Aus power prices to fall for most customers, with bigger drops for businesses
Thu 28 May 2026
Surging levels of renewable energy and better reliability from coal-fired generators are set to give consumers a break, with benchmark power prices to fall up to 10 per cent for consumers and more for small businesses.
‘Landmark’ conservation reform bill – boost or bust for nature?
8 May 2026
By Liz Kivi | The Government has announced an overhaul of the country’s conservation system, which environmental organisation Forest & Bird says will undo the work of many generations of Kiwis to protect public conservation land.
Science losing the long game
Fri 29 May 2026
Media release: New Zealand Association of Scientists | Budget 2026 pushes the science system into a quiet purgatory, with zero announcements from the Minister’s office since 1 April.
Marae solar project boosts sustainability and mana motuhake
Mon 25 May 2026
By Moana Ellis, Local Democracy Reporter | Five marae from Whanganui to Taumarunui are running on solar power and many more could join a major green energy initiative aimed at cutting electricity costs and strengthening community resilience.
VR tool helps communities plan for a safer, resilient future
Wed 27 May 2026
Media release: University of Canterbury | A newly developed virtual reality (VR) tool could help communities understand flood risks, raise public awareness and give decision-makers clearer information for planning.
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.
Rotorua extends diesel bus contract after NZTA declines extra funding
Mon 25 May 2026
By Mathew Nash, Local Democracy Reporter | Rotorua is stuck with its diesel-powered public buses after a funding snag played a part in setting back plans for zero-emission buses by years.
Europe heatwave 'brutal reminder' of climate change: UN
Thu 28 May 2026
The UN climate chief said Wednesday that a record-breaking early heatwave scorching a swathe of western Europe was "a brutal reminder of the spiraling impacts of the climate crisis".
Project linking food waste to cutting methane emissions gets underway
Wed 27 May 2026
Media release | Kai Commitment is leading a New Zealand-first project to help understand the connection between food waste and methane emissions and identify effective interventions.
Commission urges Govt action on climate risks
7 May 2026
By Liz Kivi | Climate change currently poses major risks to our water infrastructure with “significant gaps” in readiness to manage risks and increasing hazards, according to the Climate Change Commission.
Why is Northern Ireland facing a growing threat from wildfires?
7 May 2026
Figures show that spring drought events are happening more often while there has been a sharp rise in "fire weather" - a mix of warmth, dryness, and wind that allows fires to ignite and spread rapidly. Experts warn this combination, along with climate change, is creating a longer and more volatile wildfire season.
Global wind and solar power outpace gas for first time in April, report shows
22 May 2026
Wind and solar combined generated more electricity than gas globally in April for the first month ever, data analysed by UK-based think tank Ember showed on Thursday.
