FEATURE: New Zealand looks to bring back gas, but challenges abound
A spike in the electricity price at the end of August in New Zealand forced an urgent review of the power sector and helped hasten a possible return of gas, via reversing a ban on new exploration permits put in place in 2018 by the then-Jacinda Ardern led Labour government.
Read MoreNZ officials call for better exotic forest regulations
New Zealand government officials have recommended exotic forestry be defined within the country’s National Environmental Standards for Commercial Forestry (NES-CF), in order to better regulate the sector that drives carbon credit supply in the country, according to a report published Thursday.
Read MoreNZ government lays out its climate, ETS agenda for the rest of the year
The New Zealand government has announced the next steps it intends to take on emissions trading, forestry, and agriculture-related measures, in its latest quarterly action plan published Monday.
Read MoreNZ Market: NZU price rangebound with steady, ‘boring’ activity as stockpile expected to fall significantly longer term
The NZU market has been drifting through calm waters with prices largely rangebound in line with market expectations, as it now looks to the supply shortfalls on the horizon.
Read MoreGlobal dairy giant Fonterra cuts operational emissions by 18%, but Scope 3 remains stubbornly high
New Zealand-headquartered dairy co-op Fonterra cut operational emissions by 18.5% in FY2024, according to its annual report published Wednesday, but has made little little progress on its Scope 3 emissions.
Read MoreGlobal solar installations smash expectations, rising almost a third year-on-year
Global solar installations exceeded most industry forecasts in 2024, with 593 GW expected to be added by the end of the year, according to analysis by a global energy think tank.
Read MorePaying for overseas carbon credits to meet 2030 NDC “not realistic”, NZ minister says
New Zealand’s Minister for Climate Change Simon Watts said it wouldn’t be “realistic” for his country to simply pay for the overseas carbon credits it will need to meet its 2030 international climate target.
Read MoreUS forest management firm’s 2023 CO2 removals surpassed emissions by almost 600%
A US forest management company reported that its forests removed nearly seven times more CO2 than it emitted in 2023, although overall removals decreased in comparison to previous years.
Read MoreNew Zealand startup launches funding round to bring Scope 3 emissions reporting software to Australia
A New Zealand climate tech startup has launched a seed round of NZ$650,000 ($400,000) in the hopes of expanding its Scope 3 emissions reporting software into Australia, and eventually the UK.
Read MoreNZ govt commissioned report calls for national blue carbon strategy
A study looking at the barriers and opportunities for coastal blue carbon projects in New Zealand has called on the government to create a national strategy for the sector, as well as foster an environment where voluntary carbon markets can operate.
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