Protecting biodiversity in New Zealand could save more than NZ$270 bln over next 50 years -study

Published 15:06 on October 17, 2024  /  Last updated at 15:06 on October 17, 2024  / /  Asia Pacific, Biodiversity, New Zealand

Protecting 30% of New Zealand’s lands and seas could help the country save more than NZ$270 billion ($163,6 bln) over the next 50 years, according to a study released on Thursday.

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New Zealand will have to plant out and cut emissions “hugely” to achieve its climate targets, panel hears

Published 04:08 on October 17, 2024  /  Last updated at 04:08 on October 17, 2024  / /  Asia Pacific, New Zealand

New Zealand is likely to be severely short on NZUs after 2030 unless emissions start to rapidly decline, a forestry expert told a panel discussion Wednesday.

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New Zealand broker to launch new trading platform

Published 07:17 on October 15, 2024  /  Last updated at 07:17 on October 15, 2024  / /  Asia Pacific, Australia, New Zealand

A New Zealand-based brokerage announced Tuesday it will launch a new version of its carbon trading platform next week.

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New Zealand urged to take cooperative approach to addressing 2030 NDC challenge

Published 08:30 on October 14, 2024  /  Last updated at 08:30 on October 14, 2024  / /  Asia Pacific, International, New Zealand, Paris Article 6

Fresh analysis has highlighted the policy paralysis plaguing New Zealand in achieving its 2030 Nationally Determined Contribution under the Paris Agreement, urging it to adopt a more internationally cooperative approach.

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Judicial review filed against NZ govt for weakening vehicle emissions standard

Published 05:44 on October 14, 2024  /  Last updated at 05:44 on October 14, 2024  / /  Asia Pacific, New Zealand

A New Zealand advocacy group has launched legal action against the government over its decisions to weaken the country’s Clean Car Standard, it announced Monday.

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New Zealand begins work to improve ETS for foresters

Published 05:34 on October 14, 2024  /  Last updated at 05:34 on October 14, 2024  / /  Asia Pacific, New Zealand

The New Zealand government will establish a Reference Group to drive better outcomes for the forestry segment of its emission trading scheme (ETS), it announced Monday.

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FEATURE: New Zealand looks to bring back gas, but challenges abound

Published 13:23 on October 8, 2024  /  Last updated at 13:23 on October 8, 2024  / /  Asia Pacific, New Zealand

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.

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NZ officials call for better exotic forest regulations

Published 05:41 on October 3, 2024  /  Last updated at 05:41 on October 3, 2024  / /  Asia Pacific, New Zealand

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.

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NZ government lays out its climate, ETS agenda for the rest of the year

Published 03:13 on October 1, 2024  /  Last updated at 03:13 on October 1, 2024  / /  Asia Pacific, New Zealand

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.

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NZ Market: NZU price rangebound with steady, ‘boring’ activity as stockpile expected to fall significantly longer term

Published 07:47 on September 25, 2024  /  Last updated at 07:47 on September 25, 2024  / /  Asia Pacific, New Zealand

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. 

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