NZ names experts to assess whether agriculture should be brought into ETS
New Zealand on Tuesday established its Interim Climate Change Committee, which will explore whether and how to bring agriculture into the nation’s emissions trading scheme.
Read MoreNZ ‘walking the talk’ with oil ban, but on uncertain path to zero emissions
New Zealand’s government on Thursday moved to burnish its environmental credentials by announcing a ban on all new offshore oil and gas exploration permits in a bid to reduce carbon emissions.
Read MoreNZ Market: NZUs climb to 6-wk high on healthy demand
New Zealand carbon allowances notched a third consecutive day of gains on Friday, climbing to a 6-week high amid steady demand while sellers were few and far between.
Read MoreBank Westpac backs bringing agriculture into NZ ETS to cut long-term costs
New Zealand can save NZ$30 billion through 2050 and cut mid-century carbon prices by half if it launches a broad climate policy that includes agriculture in the ETS, according to bank Westpac.
Read MoreMajor NZ forestry manager puts NZU-holding pine forests up for sale
Forestry management firm PF Olsen has put up for sale a portfolio of eight forests, of which several have opted into the New Zealand emissions trading scheme.
Read MoreNZ Market: NZUs climb to 4-week high as deadline passes for emission reports
New Zealand carbon allowance prices rose 10 cents to their highest since Mar. 1 on Thursday, the deadline day for emitters to report their 2017 GHG output.
Read MoreNZ Market: Trading range tightens as NZ carbon market cools down
New Zealand carbon allowances on Thursday traded within a tight 5-cent range for the eighth consecutive session in a petering out of months of bullish sentiment following the change in government.
Read MoreNew Zealand watchdog wants ETS decisions to stay with government
Decision-making power over New Zealand’s ETS should remain with elected officials, the nation’s new Parliamentary Commissioner for the Environment said in a report Wednesday, putting him at odds with a government keen to take the scheme out of politicians’ hands.
Read MoreNew Zealand plans ETS opt-in option for farmers -minister
New Zealand will allow farmers to opt in to the nation’s emissions trading scheme to reap benefits from any greenhouse gas emission reductions they achieve, Environment Minister David Parker said, according to local media.
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