NZ lawmakers propose stern restraints on international carbon credit use
New Zealand should only be allowed to use international carbon units to meet its domestic emission target in special circumstances, the parliamentary Select Environment Committee said Monday in its revised Zero Carbon Bill, which also retained controversial GHG goals for the agriculture sector.
Read MoreTax CO2 from largest emitters $75/t by 2030 to avoid 2C temperature rise, says IMF
A global temperature rise of 2 degrees C could be avoided if large emitting countries collectively adopt a carbon tax of $75/tonne by 2030, as well as other ambitious actions, according to a report by the International Monetary Fund.
Read MoreNew Zealand PM firm on need for agriculture emission cuts amid ETS talks
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.
Read MoreArticle 6 failure at COP25 could force bilateral carbon market links, experts say
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.
Read MoreLondon-based carbon investment firm assembles expert team ahead of fund launch
A London-based investment management firm has appointed a cast of carbon trading industry veterans as staff and advisors as it prepares to launch a global environmental markets fund.
Read MoreNew Zealand government names climate commission chair-designate
New Zealand climate change minister James Shaw announced the chairperson of the country’s independent Climate Change Commission on Tuesday.
Read MoreBattle over agriculture emissions threatens NZ govt’s pursuit of bipartisan climate policy
New Zealand’s opposition National party is threatening to not support the coalition government’s Zero Carbon Act, as disagreement over how to handle the country’s agriculture emissions heats up.
Read MoreNZ Market: NZUs ease off as market struggles for momentum
New Zealand carbon permits on Monday fell back to the lower end of their recent range, curbed by the ongoing policy inertia and the fixed price option (FPO).
Read MoreICAO moves toward long-term GHG goal, CORSIA launch despite opposition from 25 nations
ICAO’s Assembly on Friday backed the progression of work on setting a long-term emissions target for aviation and to advance the UN body’s CORSIA global offsetting mechanism towards operationalisation, though a fifth of the countries in attendance voted against the two resolutions in a surprise secret ballot.
Read MoreCARBON FORWARD 2019 – UK climate minister Duncan to deliver keynote speech
**THIS IS A FREE ARTICLE** – Survive and thrive in carbon markets by joining us at the 4th annual CARBON FORWARD conference & training day where we will be joined by the pre-eminent experts to discuss a programme developed by environmental market experts and based on feedback from companies like yours.
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