NZ carbon market changes tipped to drive new participants, products

Published 10:06 on November 12, 2020  /  Last updated at 22:45 on November 23, 2022  / Katie Kouchakji /  Asia Pacific, Nature-based, New Zealand, Paris Article 6, Voluntary

The looming entry into force of New Zealand’s ETS reforms could spur new products and potentially draw new participants into the 12-year old carbon market, a conference heard Thursday.

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NZ to face ‘shocking’ carbon budgets, more ambitious Paris contribution -climate minster

Published 09:18 on November 11, 2020  /  Last updated at 00:37 on November 12, 2020  / Katie Kouchakji /  Asia Pacific, Climate Talks, International, New Zealand

New Zealand’s Climate Change Commission is expected to recommend an increase in the country’s Paris target, according to climate minister James Shaw, adding to a challenge the government already thinks it will need to buy international carbon credits to achieve.

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New Zealand ups fixed price option, sets inaugural ETS cap

Published 23:12 on June 1, 2020  /  Last updated at 02:06 on June 3, 2020  / Katie Kouchakji /  Asia Pacific, New Zealand

New Zealand on Tuesday confirmed it will increase the fixed price option in its emissions trading scheme to NZ$35 in 2020, and announced a total cap for the market for 2021-25 that has swelled by 9 MtCO2e since its previous proposal.

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FEATURE: Net zero-driven carbon credit demand set to reshape offset market

Published 02:46 on March 16, 2020  /  Last updated at 15:19 on March 3, 2022  / Katie Kouchakji /  Climate Talks, International, Nature-based, Paris Article 6, Voluntary

Demand for carbon offset credits is set to rise as governments and businesses seek to make good on pledges to achieve net zero emissions in the future, but the market itself will also change dramatically, according to experts.

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Countries should consider pausing global carbon market talks -NZ minister

Published 02:36 on December 18, 2019  /  Last updated at 23:12 on December 18, 2019  / Katie Kouchakji /  Asia Pacific, Climate Talks, International, New Zealand, Paris Article 6

Disputes over the rules for the markets chapter of the Paris Agreement may not be reconcilable and countries should consider pressing pause on these talks for a few years, New Zealand’s climate minister James Shaw said Wednesday.

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NZ names Climate Change Commission members

Published 23:44 on December 16, 2019  /  Last updated at 23:44 on December 16, 2019  / Katie Kouchakji /  Asia Pacific, Bavardage, New Zealand

New Zealand on Tuesday named the panel of experts that will make up the country’s newly-established Climate Change Commission.

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Veteran climate lawyer launches climate investment and advisory business

Published 13:01 on November 13, 2019  /  Last updated at 00:47 on November 13, 2019  / Katie Kouchakji /  Americas, Asia Pacific, Australia, Bavardage, International

A veteran climate policy and carbon market lawyer has launched a climate change advisory and investment business, aiming to raise $3 billion across investment funds to facilitate the transition to a net-zero and climate resilient future.

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New Zealand PM firm on need for agriculture emission cuts amid ETS talks

Published 13:14 on October 9, 2019  /  Last updated at 23:58 on October 9, 2019  / Katie Kouchakji /  Asia Pacific, International, New Zealand

New Zealand Prime Minister Jacinda Ardern on Wednesday reiterated the need to reduce carbon emissions from agriculture and the opportunities such action might bring, speaking amid a domestic row that is delaying plans for how to bring the sector into the NZ emissions trading scheme.

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Article 6 failure at COP25 could force bilateral carbon market links, experts say

Published 04:23 on October 9, 2019  /  Last updated at 22:52 on November 23, 2022  / Katie Kouchakji /  Asia Pacific, Australia, Climate Talks, International, Nature-based, New Zealand, Other APAC, Paris Article 6, Voluntary

Failure to agree on rules for Article 6 at this year’s UN climate talks in Chile could see countries like Australia and New Zealand forging their own bilateral links to get access to the international credits they need to fulfil their Paris Agreement pledges, market experts warned Wednesday.

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New Zealand government names climate commission chair-designate

Published 07:08 on October 8, 2019  /  Last updated at 00:38 on October 9, 2019  / Katie Kouchakji /  Asia Pacific, Bavardage, New Zealand

New Zealand climate change minister James Shaw announced the chairperson of the country’s independent Climate Change Commission on Tuesday.

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