Emissions trading

High cost of land a blocker, say foresters

Friday - The high cost of land means that even at $24 a tonne, New Zealand cannot rely on new forests to meet its 2030 emissions reduction target, the forestry industry says.

Green group hails ETS boost for native forests

Friday - The Government’s plan to use the Emissions Trading Scheme to encourage more native forests is a smart move and will help to protect farms, towns and infrastructure from extreme weather events, an environmental organisation says.

Carbon at $24 puts pressure on Government

Thursday - Carbon prices have smashed through the $24 barrier for the first time in nearly a decade of carbon trading in New Zealand, increasing pressure on the Government to lift the $25 price cap.

Lift carbon cap to $30 immediately, says broker

Wednesday - The Government is being told to take the brakes off the carbon market and immediately lift the maximum price to $30 a tonne.

Farmers want clear carbon price guides

Wednesday - Farmers want to know what range carbon prices will be over five-year periods, the Farm Forestry Association says.

At last, a handy guide to the ETS

Wednesday - Settling down to make a submission on the latest review of the Emissions Trading Scheme and need a hand?

No floor, but expect early action on carbon prices

Tuesday - The Government might intervene in the market to lift carbon prices before 2020, but it has no plan to introduce a price floor.

At last, a new deal on the table for forestry

Tuesday - The Government has finally unveiled its proposals for changing the way forestry is treated under the Emissions Trading Scheme – including a proposal for new permanent forestry provisions.

Heavy hitters bank more from free carbon credits

Monday - The phasing out of the one-for-two carbon subsidy saw a big jump in the number of free carbon credits given to heavy industries last year.

New figures show emitters opting for arbitrage

10 Aug 18 - Emitters appear to be starting to arbitrage the Emissions Trading Scheme.

Businesses reluctant to factor in carbon prices

9 Aug 18 - Carbon prices rarely influence businesses’ decisions to install energy-efficient plant, according to a new report examining the market’s failure to drive down greenhouse gas emissions in the energy...

Air New Zealand sees benefits in simplified ETS

2 Aug 18 - More native trees would be planted if the Emissions Trading Scheme were simplified, says Air New Zealand.

Minister silent on arbitrage as prices climb

30 Jul 18 - Climate minister James Shaw isn’t commenting on the risk of arbitrage as carbon prices climb closer to the Government’s artificial price cap.

Taxpayers could be left holding carbon bill

26 Jul 18 - Owners of post-1989 forests due for harvest might be tempted to arbitrage carbon credits, leaving taxpayers with the bill and driving liquidity out of the carbon market.

Parties eye early start to zero-carbon talks

23 Jul 18 - Cross-party talks on the Zero Carbon Bill could be under way within a month.

Shaw applauds China's work on climate change

20 Jul 18 - China’s action on climate change makes New Zealand look like its “pussy-footing around”, says climate minister James Shaw.

Latest ETS review kicks off next month

18 Jul 18 - Consultation on the next review of the Emissions Trading Scheme will start next month.

Act or face financial crisis, warns leading banker

13 Jul 18 - New central bank head Adrian Orr is warning of financial crisis and mass social unrest if the world doesn’t urgently address climate change.

Farmers like the idea of opting in to ETS

12 Jul 18 - Farmers could be interested into opting into the Emissions Trading Scheme – if the settings are right.