English goes silent on carbon deficit costs
The Government is refusing to discuss what impact a 2030 carbon deficit will have on the economy – despite warnings from Treasury. Finance Minister Bill English has confirmed to Carbon News that Treasury is predicting carbon prices of between $10 and $165 a tonne between 2021 and 2030, but he has not answered questions on what that will cost New Zealand.
Climate expert: It’s all smoke and mirrors, Mr Groser
New Zealand is using smoke and mirrors to meet its 2020 emissions reduction target, when it could get there by using clean heating and transport technologies, says one of our leading scientists. Climate Change Minister Tim Groser told Radio New Zealand National this morning that while New Zealand faced some big hurdles in cutting emissions, the country was on target to meet its pledge to cut emissions to 5 per cent below 1990 levels by 2020.
Climate talks off on the rocky road to Paris
A deal struck in Lima between 196 nations today leaves open the possibility of saving the planet from dangerous overheating. But its critics say the prospects of success are now slim.
Fossil fuel probe under way as NZ goes exploring
New Zealand is expanding oil and gas exploration at the same time as Britain probes the likely cost of stranded fossil-fuel assets. Continue reading “Carbon News 15/12/14: smoke and mirrors”
Labour vows to watch work and the new economy
The Labour Party’s Future of Work Commission will include analysis of the impacts on work of climate change and the low-carbon economy. The commission was announced by Labour leader Andrew Little at a business briefing in Auckland this morning. It will be led by finance spokesman Grant Robertson, who told Carbon News that clean-tech opportunities are at the forefront of the party’s thinking.
Govt hopes Kyoto credits will cover emissions blow-out
The Government will use international Kyoto credits received in what’s known as the KP1 true-up to cover its emissions blow-out. But it doesn’t yet know how much of a help they will be.
Memo farmers: Learn to manage your methanotrophs
Farmers could cut their future exposure to carbon prices by looking after the methanotrophs in their soils, a soil scientist says.
Lima climate talks ‘stepping stone’ for universal treaty
A new round of talks in Lima is an opportunity to raise immediate awareness on climate change and lay the foundation for a new universal agreement to be adopted in 2015, says a top UN official. Continue reading “Carbon News 1/12/14: Future of work in NZ in clean tech, says Labour”
Minister knows of water woes, but public information tap is turned off
Finance Minister Bill English has been told something about fresh water — but the public isn’t allowed to know what it is. Last month, Ministry for the Environment officials were forced to admit they were wrong to say that the quality of our waterways is “stable or improving”.
Deal or no deal — can China and the US deliver?
It’s been called an historic agreement — a game changer in the battle to combat climate change. But can China and the US fulfil the promises in their announcement of plans to cut carbon emissions?
Does this climate deal let China do nothing for 16 years?
“As I read the agreement it requires the Chinese to do nothing at all for 16 years while these carbon emissions regulations are creating havoc in my state and around the country.” — US Republican Senate leader Mitch McConnell, November 12, 2014.
Crowd-funders get behind CarbonScape
Kiwi cleantech company CarbonScape has hit its crowd-funding equity target. Continue reading “Carbon News 17/11/14: G20 climate action”
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.
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.
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.
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”
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.
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.
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.
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.
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”