The New Zealand Climate Change Commission has released its next draft advice to the Government in April 2023 and this is open for consultations until June 20 2023. The Climate Change Commission will resent its final advice to the government by December 31 2023....
Carbon Credit Mistake could cost Government $1.3 billion if left unfixed
A slump in the value of carbon credits is the result of the Government getting itself in a tangle and undermining confidence in the Emissions Trading Scheme, the National Party’s energy spokesperson Stuart Smith says. Climate Change Minister James Shaw responded by...
Failed Carbon Auction 16th March 2023 – Interview with Dr. Christina Hood
The failed carbon auction this month did real damage to NZ's mitigation strategy. If you are interested to understand better what went wrong you can listen to this podcast with leading New Zealand climate change researcher, Dr. Christina Hood....
NZ ETS Review Announced
Following on from the failure of the first NZU auction last week, the government has announced a review of the NZ ETS and how it will help the government meet its Paris Agreement goals for 2030 and the NZ Target for 2050. As the auction is a source of funding for the...
First NZU Auction in 2023 Fails to Clear
On March 15, 2023, the New Zealand Unit (NZU) auction suffered a significant failure, with the auction closing with no trades made. This event was a disappointment for the New Zealand government, which had been hoping the auction to be successful and contribute to its...
Changes to the NZ ETS
For some of the latest changes and updates to the NZ ETS, please follow the link below...
NZ Government does not follow CCC Advice
The New Zealand government's recent update to the Emissions Trading Scheme (ETS) for 2023 featured significantly lower carbon allowance prices and volumes than recommended by the Climate Change Commission (CCC). The CCC had advised a steep increase in carbon auction...
Permanent Exotic Forest in the ETS
A government proposal to keep permanent exotic forests out of the ETS appears to have been reversed. The government had proposed, on advice from the Climate Change Commission that exotic trees in permanent forests would not be eligible to claim credits for the entire...
CMS Planning to Develop Carbon Projects in New Zealand and the Pacific
CMS has recently started developing carbon projects in New Zealand for the voluntary market. The project types will be soil carbon and wetland rehabilitation. This is in response to customer demand for local projects that also impact local nature and biodiversity. CMS...
CMS retires Gold Standard VERs to New Zealand Post
CMS retires Gold Standard VERs to New Zealand Post to offset customer-to-customer sending associated with carbon-neutral person-to-person sending in FY22 as part of a three-year contract to supply voluntary carbon credits.
Recent Comments