New Zealand announces modest target increase in 2035 NDC
New Zealand on Thursday announced its nationally determined contribution (NDC) for 2035, modestly deepening its emissions reductions goal while switching to a single-year target from a multi-year one in the current decade.
Read More“There is still hope” for a renewables revolution, despite Trump -experts
The goal of tripling global renewable energy capacity by the end of this decade is still within reach, despite the US likely backtracking on its energy transition in the next four years, renewable energy leaders and governments said on Thursday.
Read MoreNZ Market: NZUs hit 13-month high
The price of carbon allowances in the New Zealand emissions trading scheme reached an annual high on Thursday amid large trading volumes.
Read MoreNZ Market: NZU price remains rangebound, as minister expands portfolio
New Zealand carbon allowances remain below the auction price floor with little movement expected until the next government auction in March, as the country’s climate minister has been given a broader remit in a cabinet shakeup.
Read MoreNew Zealand carbon permit stockpile shrinks by almost 10 mln in 2024
The number of carbon allowances for the New Zealand emissions trading scheme in the country’s registry shrank by almost 10 million last year as the several failed quarterly auctions meant the permits used for compliance were not fully replaced.
Read MoreBeverage giant launches third round of APAC emissions reduction innovation grant programme
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.
Read MoreNZ Market: NZU price reaches one-month high in first session of the year
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.
Read MoreNew Zealand appeals court dismisses climate change inaction case against govt
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.
Read MoreNew Zealand seeks views on how to encourage native afforestation on govt land
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.
Read MoreEY report estimates surplus NZUs at 22% lower than govt assessment
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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