Topics tagged with 'Tax'
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.
Western Europe cools on plans for nuclear power
27 Nov 2020
News that two more reactors in the United Kingdom are to shut down on safety grounds earlier than planned has capped a depressing month for nuclear power in Europe.
NZ needs to do more, says High Commissioner
13 Nov 2020
Britain wants New Zealand to do more on climate change, calling on companies to be carbon-neutral by 2040 and “welcoming” the country’s review of its 2030 emissions target.
Scientists, doctors sound warning for farmers
6 Nov 2020
Emissions from food production alone could sink the world’s chances of meeting the Paris Agreement, scientists are warning in research with major implications for New Zealand.
Why it's hard to cut aviation emissions
4 Nov 2020
A 1940s tax-exemption treaty designed to protect the fledgling aviation industry set airlines on a path to high emissions and low regulation.
Business makes bid for $7.23 billion
22 Oct 2020
Businesses want the new Government to back $7.23 billion worth of projects they say will cut the country’s greenhouse gas emissions by 5.5 per cent over the next decade.
The four who could be our next climate minister
19 Oct 2020
Who will be New Zealand’s next climate minister? Carbon News canvasses the options and comes up with four names.
UK finance minister wants a carbon tax
12 Oct 2020
British Finance Minister Rishi Sunak is planning for a UK-wide carbon tax that could raise billions of pounds while encouraging the drive towards net-zero emissions.
US could adopt carbon tax under a Biden presidency, ex-Fed chair says
9 Oct 2020
Former Federal Reserve Chair Janet Yellen said bipartisan concern over climate change could see the United States adopt a tax on carbon emissions, with the proceeds shared with households, if Democrat Joe Biden is elected president in November.
Policy could prevent shift to low-emissions tech, says Genesis
1 Oct 2020
The Labour Government’s plan to bring forward its 100 per cent renewable electricity generation target to 2030 is an example of siloed thinking and is likely to be self-defeating, Genesis Energy has told shareholders.
Court considers whether Canada's carbon tax is legal
30 Sep 2020
After two days of hearing arguments for and against the federal government's carbon tax, the Supreme Court of Canada has adjourned without a decision.
If business must disclose carbon debt, then so should we, says Shaw
8 Sep 2020
The Government is trying to find a way to calculate the cost of the country’s likely carbon debt – and is considering using revenue from the Emissions Trading Scheme to buy international carbon credits to help deal with it.
Prospect of snap election reanimates Canada’s carbon tax battle
26 Aug 2020
Canada’s carbon tax is facing a renewed backlash amid talk of a green recovery to covid-19 and the prospect of a snap election in the autumn.
Bigger EU ETS more effective than carbon tax at the border
21 Aug 2020
Europe is planning a border tax to stop carbon leakage in the energy sector, but energy advisers say expanding the bloc's Emissions Trading Scheme would be more effective.
Helping Chile cut emissions could help us
18 Aug 2020
New Zealand and Switzerland are helping Chile develop an emissions reduction programme that could pay dividends for this country.
Carbon tax back before US lawmakers
12 Aug 2020
For years, the idea of putting a price on carbon emissions seemed like a no-brainer — economists claimed that it would cut fossil fuel pollution quickly and efficiently, and at the same time, could even give money back to the American public. Over the past few months, as Democrats have rolled out multiple comprehensive plans to slow down climate change and turbocharge renewable energy, the idea of a “carbon tax” has been notably absent.
TEN YEARS AGO ...
5 Aug 2020
Ten years ago, South Africa was looking at a 100-rand-per-tonne carbon tax. A tax finally came into law last year.
Country's climate change costs are climbing
30 Jul 2020
Climate change is now swallowing the lion’s share of the Government’s environmental spending, prompting suggestions we should have a dedicated Climate Change Ministry.
Parker whips home third leg of climate trifecta
26 Jun 2020
The third leg of the Government’s climate change legislation trifecta came home this week.
Parker has trade pact proposal, will travel
25 Jun 2020
New Zealand will take the proposed ground-breaking Agreement on Climate Change, Trade and Sustainability to the table in trade talks with the United Kingdom.
Auckland can go big on emissions cuts
23 Jun 2020
Getting rid of rules about housing density and giving incentives for people to use public transport and buy electric vehicles could cut Auckland’s greenhouse gas emissions by 80 per cent by 2050, the OECD says.
Shaw sings songs of praise for trading scheme
3 Jun 2020
Climate minister James Shaw – who three years ago was calling for the Emissions Trading Scheme to be scrapped – was singing its praises in Parliament yesterday.
Biofuel could pull trucks into line, say officials
2 Jun 2020
New Zealand could cut its greenhouse gas emissions immediately by using more biofuels in trucks, officials say.
Saucy sugar joins drive to find us better food
19 May 2020
Australia’s sugar industry is joining forces with health experts to call for a complete change to the world’s food systems.
Upton raises moratorium on new coal mines
15 Apr 2020
Parliamentary Commissioner for the Environment Simon Upton says New Zealand should be thinking about a moratorium on new coal mines.
Taxing oil and gas fields could work, says Upton
6 Apr 2020
Taxing oil and gas exploration and strengthening the Emissions Trading Scheme could be more effective ways of cutting greenhouse gas emissions than banning exploration, the Parliamentary Commissioner for the Environment says.
We need to know changes to ETS, say foresters
28 Feb 2020
Forest owners – who yesterday called for a $200-a-tonne carbon tax on the burning of coal – say changes to the Emissions Trading Scheme should be signalled in the May Budget.
Forest owners want tax on burning of coal
27 Feb 2020
Forest owners are calling for a $200-a-tonne tax on the burning of coal and the implementation of the Government’s promised “wood-first” policy.
Carbon pricing role crucial, say experts
18 Feb 2020
Carbon pricing is emerging as central to international climate negotiations, the Mercator Climate Institute says.
WHAT YOU NEED TO KNOW ...
14 Feb 2020
Submissions close today on the Urban Development Bill, allowing what the Government calls better co-ordination of land, infrastructure and public assets in complex urban development projects.
Climate-risk reports critical, politicians hear
10 Feb 2020
Directors of large companies, Crown entities and any organisation participating in the Emissions Trading Scheme should have to provide an annual signed and audited statement of climate risk, Parliament is being told.
EU urged to adopt meat tax to tackle climate emergency
5 Feb 2020
A sustainability charge on meat to cover its environmental damage could raise billions to help farmers and consumers produce and eat better food, according to a report.
GO ELECTRIC: The secret's in the sums
4 Feb 2020
Do the maths, says Massey University applied mathematician Professor Robert McLauchlan, it really does make sense to get rid of your fossil-fueled car.
OPINION: Why the market ups and downs?
4 Feb 2020
By LIZZIE CHAMBERS | Since the Government's proposed ETS settings were announced just prior to Christmas, we have watched NZU prices jump up significantly.
NICK SMITH: How National's ETS did the job
31 Jan 2020
National MP and former climate minister Nick Smith says his Emissions Trading Scheme has seen New Zealand out-perform Australia on emissions reduction.
Opinions side with charging for farm emissions
29 Oct 2019
A majority of people and organisations making submissions on whether agricultural emissions should be in the Emissions Trading Scheme say price-based mechanisms are the way to go.
EDITORIAL: A Shaw thing
25 Oct 2019
By publisher ADELIA HALLETT | Climate minister James Shaw, take a bow - you deserve five minutes in the sun for doing what none of your seven predecessors did.
Unions put case for 'just transition'
15 Oct 2019
Unions want reform of the tax system and redundancy payments for all laid-off workers as part of a “just transition” to a low-carbon economy.
ARDERN'S GLOBAL INVITE: Let's trade strengths
24 Sep 2019
Prime Minister Jacinda Ardern has told the world New Zealand wants climate change included in trade deals and global co-operation on carbon pricing.
Cabinet refuses to show ETS farming papers
9 Sep 2019
The Government is refusing to release six documents relating to farming and the Emissions Trading Scheme.
Nervous farmers eye methane cut obligations
1 Jul 2019
The prospect of having to cut methane emissions by 10 per cent over the next decade is depressing otherwise optimistic farmers.
It's your job to care for the world, directors hear
14 Jun 2019
Directors should bear as much personal responsibility for the environmental damage their companies cause as they now do for the health and safety of their workers, the Government has been told.
Emissions pricing not working, says World Bank
11 Jun 2019
Just one per cent of global greenhouse gas emissions are at prices likely to drive the emissions cuts needed to preserve life as we know it, the World Bank says.
UN chief pushes case for carbon taxes
14 May 2019
United Nations Secretary-General Antonio Guterres says income taxes should be replaced with carbon taxes.
Agriculture about to get the emissions answer
29 Apr 2019
The agricultural sector will find out soon whether it is likely to come into the Emissions Trading Scheme.
No CGT, but green taxes still on the agenda
18 Apr 2019
A capital gains tax might be off the agenda, but the Government isn’t ruling out environmental taxes recommended by the Tax Working Group.
EDITORIAL: Oh, Canada
3 Apr 2019
Let’s talk about Canada. It’s easier than talking about our own country.
Growing number of carbon schemes cover emissions
13 Mar 2019
Nearly 14 per cent of global greenhouse gas emissions will be subject to a carbon price this year, World Bank figures show.
Cullen report backs more environmental taxes
21 Feb 2019
Greater environmental taxes and strengthening of the Emissions Trading Scheme are on the way if the Government adopts recommendations from its Tax Working Group.
What state farmer said about green taxes
10 Dec 2018
New Zealand’s largest farmer, State-owned Pamu, has triggered outrage in some circles by telling the Government’s Tax Working Group that it supports some environmental taxes.
Governments must vote in favour of moratorium on deep sea mining
Tue 29 Jul 2025
Media release - Greenpeace | The 30th session of the International Seabed Authority (ISA) has ended with Greenpeace saying governments are continuing to fall short in protecting the deep sea.
Does NZ need a national incentive scheme for wetlands?
Fri 25 Jul 2025
By Liz Kivi | An expert is calling for a national incentive programme to restore New Zealand’s wetlands and wants to stop schemes to drain these vital carbon-sequestering ecosystems.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns
18 Jul 2025
Amid suspected fraud in the production of sustainable aviation fuel (SAF), a new report says the airline industry should stop calling all alternatives to kerosene “sustainable”.
Challenges persist in bid to mine the deep sea, even after boost from Trump
Tue 29 Jul 2025
After years of delay, the deep-sea mining plans of Canadian firm The Metals Company (TMC) now appear to be progressing as it pursues a controversial new path to securing a license to mine in international waters under U.S. jurisdiction.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
At least 30 killed and several missing as heavy rains and floods lash northern China
Wed 30 Jul 2025
Thousands of people were evacuated as the region, including the capital Beijing, braced for more rainfall overnight.
Bearish sentiment lingers for carbon market
11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
Multi-day protest continues at coal mine
Wed 30 Jul 2025
Bathurst Resources has been forced to truck coal from its Stockton mine as climate activists occupy coal buckets at the mine for a third day.
Forestry can be a big plus for sheep and beef farmers – but there are caveats
22 Jul 2025
By Keith Woodford | OPINION: These are good times for sheep and beef farmers with record product prices for meat, which is precisely why now is the time for sheep and beef farmers to be looking again at farm forestry.
Common low-grade clay strengthens low-carbon concrete
5 Jun 2025
Media release | Engineers at RMIT University have converted low-grade clay into a high-performance cement supplement, opening a potential new market in sustainable construction materials.
Cuts to climate finance put exports in jeopardy: Lawyers
23 May 2025
By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.
NZ voluntary carbon market’s sad state
14 Jul 2025
By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.
Hiringa eyes green methanol plant near Whanganui
Tue 29 Jul 2025
By Pattrick Smellie | Green hydrogen pioneer Hiringa Energy is deep in planning to develop an “eight-to-nine figure” methanol plant near Whanganui, using a combination of biomass and hydrogen produced using renewable energy.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
A third of ‘slum residents’ in global south are exposed to disastrous flood risks
Wed 30 Jul 2025
One in three people in informal settlements in the global south live in floodplains and are at risk of a “disastrous flood”.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Wilding pines threaten Molesworth Station
Mon 28 Jul 2025
By Shannon Morris-Williams | Without increased support, the unchecked spread of wilding pines will continue to creep across Marlborough’s high country – putting iconic landscapes and one of New Zealand’s top five biodiversity hotspots at serious risk, according to an expert.
EV sales fall, but it’s complicated
Tue 29 Jul 2025
Imports of fully electric vehicles fell over 50% in value during the 12 months to June 2025, compared with the year ended June 2024, according to Stats NZ.
Watts talks big on energy reform, but barriers persist
29 May 2025
By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.
SBTi releases Net Zero Standard for banks, investors
24 Jul 2025
The Science Based Targets initiative announced the release of its finalised Financial Institutions Net-Zero Standard, aimed at enabling banks and investors to set net zero-aligned targets for their lending, investing, insurance and capital markets activities.
NZ part of hidden global deep-sea network beneath the waves
Fri 25 Jul 2025
Media release - Earth Sciences New Zealand | A world-first study of marine life, including sea creatures found in New Zealand's dark, cold, pressurised ocean depths, has revealed that deep-sea life is surprisingly more connected than previously thought.
‘Ideological sludge’: How NZ is quiet quitting climate action
17 Jul 2025
New Zealand once stood out as a world leader on climate change. In June it became the first country in the world to abandon a commitment to phase out oil, gas and coal.
Methanex closure comes early this year
14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
Taranaki mayors want hydrogen kick-start from Wellington
Mon 28 Jul 2025
By Craig Ashworth, Local Democracy Reporter Taranaki mayors want central government to partner up with their councils to kick-start a hydrogen industry. This despite ongoing questions about the gas’s effectiveness in reducing carbon emissions.
Climate catastrophes are creating a ‘new market reality’ for insurance carriers
23 Jul 2025
Raging wildfires and severe storms contributed to record-high global insurance losses — totalling an estimated US$84 billion — for the first six months of the year.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
Fri 25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
All aboard for passenger rail in the golden triangle
Mon 28 Jul 2025
Media release – The Future Is Rail | New Zealand’s national passenger rail advocacy group, The Future is Rail, has announced its strong support for the Green Party’s proposal to establish a new passenger rail service connecting Auckland and Tauranga.
Urgent action needed to get on track for climate goals - commission
Fri 25 Jul 2025
By Shannon Morris-Williams | New Zealand is making progress on reducing greenhouse gas emissions, but more work is needed – urgently – to set up for future reductions, according to the latest report from the Climate Change Commission.
NZ's latest climate target 'weak' – Climate Action Tracker
24 Jun 2025
By Shannon Morris-Williams | New Zealand's new international climate target to 2035 is weak, and could even allow for higher emissions than the 2030 target, according to a global scientific project that tracks government climate action.
Toxic algae are turning South Australia’s coral reefs into underwater graveyards
Tue 29 Jul 2025
Since March, a harmful algal bloom, fueled by a marine heat wave, has been choking South Australia’s coastline.
NZ govt’s fossil fuel plans could break international law
24 Jul 2025
By Liz Kivi | The government could be breaching international law with its plans to subsidise and expand fossil fuel extraction, following a ruling overnight from the world’s highest court.
Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’
11 Jul 2025
In the midst of a record-breaking heatwave in Europe, the UK city of Exeter recently played host to the second international conference on “tipping points”.
‘Total infiltration’: How plastics industry swamped vital global treaty talks
Mon 28 Jul 2025
Petrostates and well-funded lobbyists at UN-hosted talks are derailing a deal to cut plastic production and protect people and the planet.
Media round-up
Fri 25 Jul 2025
In our round-up of the climate coverage in local media: Dairy conversions surge; Gore is hit with a drinking water crisis; meanwhile farming lobby groups Groundswell and Federated Farmers are up in arms about a plan to classify environmental impacts in the agriculture and forestry sector.
As US climate data-gathering is gutted, Australian forecasting is now at real risk
Wed 30 Jul 2025
As damage from climate change intensifies, political change overseas is threatening Australia’s ability to track what’s happening now, and predict what will happen next.
Activists sue US development bank over $4.6bn loan to massive Mozambique gas project
18 Jul 2025
Environmental groups claim loan is ‘unlawful’ in legal filing.
Straterra has a new name: the New Zealand Minerals Council
16 Apr 2025
Media release | Straterra has been renamed as New Zealand Minerals Council, says chief executive Josie Vidal.
China's carbon emissions may have peaked thanks to renewables push
Mon 28 Jul 2025
Climate experts say China's carbon emissions may have peaked, which could affect global climate targets, the fight against global warming – and the Australian coal industry.
Ocean heatwaves may signal climate tipping point
Fri 25 Jul 2025
A recent study that tapped into satellite data has revealed that 2023 marked an unprecedented year for marine heatwaves, with record-breaking levels of duration, reach and intensity across the world's oceans.
Can robot taxis solve NZ's transport woes?
23 Jul 2025
By Shannon Morris-Williams | The Ministry of Transport has tested the idea of driverless taxis as a futuristic fix. But while new modelling explores how "robotaxis" could ease congestion and reduce car ownership, critics say it misses a crucial point – the country’s worsening transport emissions.
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
5 Jun 2025
By Shannon Morris-Williams | Proposed changes to New Zealand's waste legislation risk undermining public trust in the waste levy scheme, according to Parliamentary Commissioner for the Environment Simon Upton.
The struggle for control of the Arctic is accelerating - and it's riskier than ever
11 Jul 2025
As the battle for one of the world’s coldest places heats up, an increasingly fragile security balance may be breaking down, leading to an escalating arms race.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
For the first time, China invests more in wind and solar than coal overseas
29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
