Beverage giant launches third round of APAC emissions reduction innovation grant programme

Published 02:00 on January 9, 2025  /  Last updated at 23:41 on January 8, 2025  / /  Asia Pacific, Australia, China, Japan, New Zealand, Other APAC, South Korea

A global food and beverage multinational has kicked off its third annual sustainability incubator programme, offering grants to pilot projects focussed on sustainable agriculture, climate tech, and GHG emissions reduction.

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NZ Market: NZU price reaches one-month high in first session of the year

Published 05:44 on January 3, 2025  /  Last updated at 05:44 on January 3, 2025  / /  Asia Pacific, New Zealand

New Zealand Unit (NZU) prices inched up in the market’s first trading session of 2025, when the new auction settings and price controls officially take effect.

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New Zealand appeals court dismisses climate change inaction case against govt

Published 05:31 on December 20, 2024  /  Last updated at 05:31 on December 20, 2024  / /  Asia Pacific, New Zealand

New Zealand’s Court of Appeals has struck out a long-running case against the government over its failure to act on climate change, but left the door open for rights-based climate cases in the country.

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New Zealand seeks views on how to encourage native afforestation on govt land

Published 07:28 on December 19, 2024  /  Last updated at 07:28 on December 19, 2024  / /  Asia Pacific, New Zealand

The New Zealand government is seeking expressions of interest to partner with the private sector to plant native trees on Crown-owned land, without adding extra forestry to the emissions trading scheme.

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EY report estimates surplus NZUs at 22% lower than govt assessment

Published 06:18 on December 18, 2024  /  Last updated at 06:18 on December 18, 2024  / /  Asia Pacific, New Zealand

The number of surplus units in New Zealand’s emissions trading scheme is around 22% lower than government figures suggest,though regulators should be cautious about adjusting ETS auction volumes based on this finding, according to consultants EY.

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Free NZU allocation to New Zealand’s largest gas user distorting the market, report says

Published 07:41 on December 17, 2024  /  Last updated at 07:41 on December 17, 2024  / /  Asia Pacific, New Zealand

The free allocation of New Zealand Units (NZUs) to methanol producer Methanex could be keeping its facility afloat, but is distorting the dynamics of the country’s emissions trading scheme, a report said Tuesday.

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New Zealand confirms new ETS forestry charge

Published 05:25 on December 17, 2024  /  Last updated at 05:25 on December 17, 2024  / /  Asia Pacific, New Zealand

The New Zealand government confirmed Tuesday it will set the annual charge for forest owners in the country’s emissions trading scheme (ETS) to NZ$14.90 ($8.60) per hectare.

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New Zealand’s Fonterra to switch out coal for 9% emissions drop

Published 07:46 on December 12, 2024  /  Last updated at 07:46 on December 12, 2024  / /  Asia Pacific, Australia, New Zealand

Dairy giant Fonterra has announced a new decarbonisation project to convert two coal-fired boilers to using low-carbon wood pellets at its South Island operations in South Canterbury, New Zealand expected to make a significant dent in its emissions.

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NZ Market: NZU price rebounds as report reveals underlying ETS tension

Published 07:25 on December 12, 2024  /  Last updated at 07:25 on December 12, 2024  / /  Asia Pacific, New Zealand

The spot price for NZUs recovered slightly Wednesday, as research revealed greater tension in the emissions trading scheme (ETS) than current prices might suggest.

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INTERVIEW: Climate plan will force New Zealand to rely more on overseas carbon credits

Published 05:44 on December 11, 2024  /  Last updated at 05:44 on December 11, 2024  / /  Asia Pacific, New Zealand

The New Zealand government’s second Emissions Reduction Plan (ERP) means it will have to rely more on overseas carbon credits to meet its 2030 Nationally Determined Contribution (NDC), according to Labour Party MP and spokesperson on climate change Megan Woods.

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