Carbon Market News

NZ ETS removals, industrial allocation, climate disclosure changes on hold until new parliament

Amendments to New Zealand’s Climate Change Response Act (CCRA) to enable carbon removals to enter the ETS and change the industrial allocation settings, and another bill to change the country's mandatory climate disclosure regime are among legislation which failed to progress before Parliament rose ahead of the Nov. 7 election.

New Zealand state-owned enterprise’s carbon assets reach NZ$67 mln in FY2026

New Zealand ETS assets held by a state-owned enterprise inched up in the 12 months ending June 30, with a book value of NZ$67 million ($37.8 mln), up NZ$4 mln year-on-year.

Dutch group files EU complaint over NZ climate promises

A Dutch environmental group has lodged a complaint with the European Commission claiming New Zealand has breached climate commitments in its EU free trade agreement. The post Dutch group files EU complaint over NZ climate promises appeared first on Farmers Weekly.

NZ govt acknowledges ETS shortcomings for post-2030 reductions

The New Zealand government is looking at ways to close the gap to its 2031-35 third emissions budget (EB3), it said on Tuesday, acknowledging that the emissions trading scheme on its own will not be able to deliver the necessary reductions.

National won’t take forestry out of NZ ETS, minister says

New Zealand’s National party has no plans to take forestry out the country’s carbon market, a minister said this week.

NZ govt paused work on border carbon policy last year, documents show

New Zealand’s climate minister, Simon Watts, last year decided to cease work on a border carbon adjustment (BCA) policy, documents released Thursday showed – just weeks after he said that Cabinet had not taken any decision on such a policy.

Govt gives $60m to save NZ's last cement plant

What New Zealand’s Latest Environment Reports Agree On

New Zealand's latest government environment reports span 2023 to 2026. Here is what they agree on, where they diverge, and what the country cannot measure.

Tangled in the coils of the Paris Accord again

Election promises have brought the contentious climate change agreement back into the spotlight, writes Alan Emerson. The post Tangled in the coils of the Paris Accord again appeared first on Farmers Weekly.

Government proposes mandatory climate adaptation plans

A proposed law would require councils to identify high-risk communities and develop long-term climate adaptation plans. The post Government proposes mandatory climate adaptation plans appeared first on Farmers Weekly.