Big ag uses distract, delay, and derail tactics to avoid climate action, undermine emissions impact -think tank
The world’s 22 largest meat and dairy corporations are masters of distraction and denial when it comes to tackling their climate footprint, with a heavy reliance on offsets to meet net zero plans and efforts to block emissions regulation, alongside downplaying methane’s true climate impact, according to a new report.
Read MoreNZ govt’s draft Emission Reduction Plan lacks the ambition and detail needed to restore confidence, opposition, experts say
The New Zealand opposition has come out swinging against the government’s draft second Emissions Reduction Plan, while experts say the plan places too much emphasis on reducing ‘net’ rather than gross greenhouse gas emissions.
Read MoreNew Zealand govt sharply revises down expected future NZU price in emissions plan
Long-term prices in New Zealand’s Emissions Trading Scheme (ETS) could sit at just NZ$50 ($30.35) as the government intends to pursue a least-cost pathway to achieving its climate goals, it said in the draft second Emissions Reduction Plan (ERP) published on Wednesday.
Read MoreUK commodity house confirms launch of New Zealand carbon trading platform
A UK trading house has officially announced its presence in New Zealand, with plans to launch carbon trading platform in the country.
Read MoreNZ Market: Healthy NZU volumes traded, but several hurdles still to clear, participants say
New Zealand’s carbon market has seen robust volumes of NZUs change hands in recent weeks, however the market is still in a wait-and-see mindset ahead of key government decisions and announcements.
Read MoreETS, nature-based solutions key pillars in new NZ climate strategy
The New Zealand government on Wednesday announced the main pillars of a new climate strategy that will rely on the emissions trading scheme and nature-based solutions as two of five major focus areas.
Read MoreNew Zealand proposes bringing carbon capture into ETS
The New Zealand government on Tuesday released a draft framework for carbon capture, utilisation, and storage (CCUS), proposing to bring resulting CO2 reductions or removals into the nation’s emissions trading scheme.
Read MoreNZU stockpile shrinks by 25 mln following May surrender
The stockpile of privately held NZUs has shrunk by some 25.5 million units, according to government figures published Tuesday, thanks to the May 31 surrender deadline for emitters.
Read MoreNew Zealand lawyer group warns govt its lack of climate action skirts legal requirements
A prominent New Zealand legal group has urged the coalition government to rethink its unwinding of transport emissions reduction policies, saying it was ignoring key aspects of the first Emissions Reduction Plan (ERP) and the Climate Change Response Act.
Read MoreNZ minister says govt will accept independent panel’s advice on methane, regardless of CCC recommendations
New Zealand’s Agriculture Minister Todd McClay has told reporters the government will accept the advice of its handpicked panel on methane targets and science, regardless of whether it contradicts advice provided by the Climate Change Commission (CCC).
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