Fear of ETS failure spurs review

Fear of ETS failure spurs review
Climate change minister James Shaw warns the emissions trading scheme may not be working as intended. (Image: Getty)
Ian Llewellyn
The Emissions Trading Scheme is being reviewed because of fears it is not working as intended.The environment ministry released a brief note saying the review will consider the role of emissions pricing as part of the climate change response and how to shift the balance of gross emissions reductions and removals incentivised by the Emissions Trading Scheme (ETS) in the future.A cabinet paper released today about decisions made in September last year reiterated concerns from the Climate Change Commission and others that the ETS was not reducing...

More Climate change

Carbon-free critical minerals producer launches pilot plant
Technology

Carbon-free critical minerals producer launches pilot plant

Aspiring Materials turns plentiful rock into critical minerals for industrial use.

Oliver Lewis 28 Mar 2025
Govt green fund’s BlackRock knockback
Finance

Govt green fund’s BlackRock knockback

The government-backed fund decided against participating last June.

Pattrick Smellie 05 Mar 2025
Insurers and councils welcome better climate data
Climate change

Insurers and councils welcome better climate data

Niwa's new modelling forecasts 20% more rainfall from more cyclones.

Greg Hurrell 27 Jan 2025
Reflections on NZ's cleantech
Opinion

Phil Anderson: Reflections on NZ's cleantech

Building a NZ cleantech company from scratch starts with being there.

Phil Anderson 22 Jan 2025