Category: Climate business

Carbon News 20/10/14: Chile’s carbon tax, soil SOS and more pressure on dirty investments

Chile’s new tax could open carbon doors for NZ

Chile’s new carbon tax potentially offers New Zealand an opportunity to offset some of its own agricultural greenhouse gas emissions, says economist Dr Suzi Kerr. The $US5-a-tonne carbon tax slipped into Chilean law last month as part of a package of tax reforms.

Soils SOS as cities gobble up our best growing land

New Zealand is allowing its elite soils to be eaten up by cities — despite signing up to a new global campaign to protect valuable agricultural land. New Zealand launched its membership of the 17-country Pacific Soil Partnership on Wednesday – the same day that the Government announced it would push ahead with plans to ease planning rules to allow our cities to spread.

Rod Oram: Why i’m getting out of fossil fuels

Business commentator Rod Oram is putting his money where his mouth is when it comes to sustainable investment. Like the Rockefellers in the United States, Oram has ditched his fossil fuel investments.

Kiwi savers want investments to do clean work

A survey of New Zealanders has revealed that Kiwis care deeply about how their KiwiSaver funds are being invested and that they want more sustainable KiwiSaver options. Continue reading “Carbon News 20/10/14: Chile’s carbon tax, soil SOS and more pressure on dirty investments”

Salinger: New Zealand is drying out, and here’s why

In this guest post Jim Salinger (currently working in Italy, but soon to return to these shores), takes a look at the climate influences on last year’s severe New Zealand drought. It first appeared on The Conversation.

Over 2012 and 2013, parts of New Zealand experienced their worst drought in nearly 70 years. Drought is the costliest climate extreme in New Zealand; the 2012-2013 event depressed the country’s GDP by 0.7-0.9%. The drought of 1988-1989 affected 5,500 farms, pushing some farmers to the wall. But what does a climate-changed future hold?

Recent evidence confirms that New Zealand on the whole is getting dryer. And we’re beginning to understand why — increasing greenhouse and ozone-depleting gases are driving changes in the atmosphere, with impacts far beyond New Zealand.

Continue reading “Salinger: New Zealand is drying out, and here’s why”

Carbon News 13/10/14: foresters in firing line

Anxious foresters await review of foreign credits ban

A controversial decision to make foresters the only emitters banned from using cheap foreign carbon credits to offset their greenhouse gas emissions is under review. The provision was slipped through without warning as part of the Government’s Budget in May, and came into effect immediately.

Business poser: are you creating value, or destroying it?

New Zealand is leading the world on integrated reporting but our business leaders are still not taking it seriously enough, latest data shows.

Beehive stays silent on emissions target

The Government remains mum on New Zealand’s 2030 emissions reduction target. New Zealand did not make any mention of its 2030 target at last month’s Climate Summit in New York, at which United Nations Secretary General Ban Ki-moon asked world leaders to give an indication of the commitments they would make at international climate change negotiations in Paris in December.

New Zealand is drying out … and here’s why

Over 2012 and 2013, parts of New Zealand experienced their worst drought in nearly 70 years. Continue reading “Carbon News 13/10/14: foresters in firing line”

This Changes Everything

Naomi Klein’s new book, This Changes Everything: Capitalism vs. the Climate places the battle against climate change firmly in the context of the struggle for social justice. Fighting climate change means reordering the ways our economies are structured. The pillars of the reigning economic paradigm – privatisation, deregulation and lower taxation paid for by cuts to public spending cannot serve us for this purpose. Public spending, on the scale of a Marshall Plan for the earth, and robust public institutions are required.

Klein is no friend to neo-liberal capitalism quite apart from the climate issue, but she considers climate change adds existential urgency to her political and economic concerns. The Heartland Institute, whose sixth international conference she attended, is right, she suggests, to see climate change as a threat to the ideology they exist to defend. Her report of that conference, incidentally, is a fascinating account of the twisted logic which is common discourse in such gatherings. Continue reading “This Changes Everything”

Carbon News 29/9/14: Key challenged over climate impacts on Pacific islands

Memo John Key: look Pacific Island leaders in the eye

The Government is being challenged to invite the leaders of the Marshall Islands, Tuvalu and Kiribati to come and tell Parliament what they think of New Zealand’s climate change policies. Support to help Small Island Developing States move to renewable energy is one of five measures New Zealand outlined to last week’s United Nations Climate Change Summit in New York. New Zealand said that it will support the Small Island Developing States Lighthouses Initiative in addition to the $100 million it is already investing in clean energy in the Pacific.

Renewables make mark on emissions figures

Increasing generation from renewables is continuing to drive a massive drop in greenhouse gas emissions from electricity in New Zealand. For the second quarter in a row, emissions from electricity in the three months to August were down on the same period last year, latest government figures show.

New York talked the talk, but we’ll have to wait and see who heard

At the end of his summit meeting on the climate crisis, UN Secretary General Ban Ki-moon put out a list of accomplishments festooned with 46 bullet points, some of them marking concrete new pledges, others diaphanous phrases.

MIA … but it doesn’t mean China’s not interested

There were a few notable absentees among the more than 120 world leaders gathered in New York for last week’s United Nations Climate Summit — and perhaps most notable of all was the head of the world’s highest-emitting nation, China’s President Xi Jinping.

Do something, big business warns political leaders

Many of the biggest hitters in the global financial community, together managing an eye-watering $24 trillion of investment funds, have issued a powerful warning to political leaders about the risks of failing to establish clear policy on reducing greenhouse gas emissions. Continue reading “Carbon News 29/9/14: Key challenged over climate impacts on Pacific islands”