The new government's ETS conundrum

The new government's ETS conundrum
The need to raise cash will put a new focus on ETS settings for finance minister apparent Nicola Willis. (Image: Getty)
Ian Llewellyn
There is a good chance that the last carbon auction this year will fail, just like the last three.At first blush, that may seem a bad thing.It is certainly a product of abrupt and unexpected changes the Labour government made last year that undermined confidence in the emissions trading scheme (ETS) and collapsed the price for New Zealand Units (NZUs) before a reset this year drove a partial recovery.NZUs are the equivalent of one tonne of carbon, with polluters having to hand over NZUs to settle their emissions.However, while carbon auction fa...

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