New Zealand startup launches funding round to bring Scope 3 emissions reporting software to Australia

Published 05:44 on September 6, 2024  /  Last updated at 09:02 on September 6, 2024  / /  Asia Pacific, Australia, New Zealand

A New Zealand climate tech startup has launched a seed round of NZ$650,000 ($400,000) in the hopes of expanding its Scope 3 emissions reporting software into Australia, and eventually the UK. 

Read More

NZ govt commissioned report calls for national blue carbon strategy

Published 09:01 on September 4, 2024  /  Last updated at 09:01 on September 4, 2024  / /  Asia Pacific, International, New Zealand, Paris Article 6, Voluntary

A study looking at the barriers and opportunities for coastal blue carbon projects in New Zealand has called on the government to create a national strategy for the sector, as well as foster an environment where voluntary carbon markets can operate.

Read More

Latest NZ ETS auction sees another bidless round

Published 01:10 on September 4, 2024  /  Last updated at 06:04 on September 4, 2024  / /  Asia Pacific, New Zealand

The third New Zealand ETS auction for 2024 has failed to clear, with not a single bid being submitted, repeating the results of the last permit sale held in June.

Read More

PREVIEW: NZU auction a toss-up between declining or partially clearing

Published 08:00 on September 2, 2024  /  Last updated at 08:00 on September 2, 2024  / /  Asia Pacific, New Zealand

The upcoming New Zealand Emissions Trading Scheme (ETS) auction is unlikely to clear, or if it does, only partially, as participants had mixed views on how this would affect market sentiment.

Read More

NZ Market: NZU price finishes week higher, as market mixed about upcoming ETS auction result

Published 09:07 on August 30, 2024  /  Last updated at 09:07 on August 30, 2024  / /  Asia Pacific, New Zealand

The NZU price finished the week slightly higher, as the market recorded the second-largest month on record traded volume-wise ahead of next week’s auction.

Read More

Respondents describe NZ govt’s Emissions Reduction Plan as high risk, low ambition

Published 07:43 on August 30, 2024  /  Last updated at 07:43 on August 30, 2024  / /  Asia Pacific, New Zealand

Formal submissions to New Zealand’s draft second Emissions Reduction Plan (ERP) have described it as being high in risk and low in ambition, and unlikely to achieve even the modest goals it sets.

Read More

NZ govt-industry partnership tips NZ$4 mln into livestock methane emissions reduction tech

Published 06:42 on August 27, 2024  /  Last updated at 06:42 on August 27, 2024  / /  Asia Pacific, New Zealand

A New Zealand public-private partnership has invested NZ$4 million ($2.4 mln) in a company looking to ramp up commercialisation work of a methane-inhibiting vaccine specifically suited to the country’s pastoral farming system.

Read More

NZ Market: NZU price finishes the week at five-month high

Published 06:50 on August 23, 2024  /  Last updated at 07:30 on August 23, 2024  / /  Asia Pacific, New Zealand

The New Zealand carbon market finished the week trading at a five-month high on the back of the government’s decision to drastically cut the number auction volumes next year, with over 1.7 mln units traded on the spot market this week.

Read More

Forestry driving beef and sheep farm conversions in New Zealand, with or without carbon pricing, research finds

Published 07:52 on August 22, 2024  /  Last updated at 07:52 on August 22, 2024  / /  Asia Pacific, New Zealand

Four research programmes suggest a likely increase in pine plantations across agricultural land in New Zealand, even with a low or zero carbon price.

Read More

Foresters shouldn’t shy away from difficult NZ ETS conversations, expert says

Published 09:21 on August 21, 2024  /  Last updated at 09:21 on August 21, 2024  / /  Asia Pacific, New Zealand

Challenges facing the New Zealand emissions trading scheme in the near term that have yet to be resolved will have a direct impact on foresters, and those in the sector should not be afraid from having the difficult conversations, a conference heard Wednesday.

Read More