Podcasts about emissions trading scheme

The Government says it's reinstating confidence in the Emissions Trading Scheme. It comes as the Climate Commission's calls for carbon credits to stay the same price, to maintain stability. Climate Change Minister Simon Watts told Mike Hosking while some carbon credit auctions haven't taken off, things are improving on other years. He says the previous Government was getting too involved and causing volatility, but he's turning things around. He says the Commission's told the Government its changes are working well, and it can keep its hand off the tiller. LISTEN ABOVE See omnystudio.com/listener for privacy information.

This week the Commissioner for the Environment Simon Upton called for a big shake up of the Emissions Trading Scheme. 

Last night on 1News I heard the single most logical and sane thing said in the entire bulletin in a long time. It was said by Simon Upton, the Parliamentary Commissioner for the Environment. A very smart man. A Rhodes Scholar. A Former Minister for the Environment for National. Simon Upton said we should in, an ordinary way, take forestry out of the Emissions Trading Scheme. And I thought, why has it taken so long for someone to say it? We should, in an orderly way, take forestry out of the Emissions Trading Scheme. Forestry for climate change has been a Ponzi scheme. The 1News reporter called it a golden ticket. It's swamped productive land for easy gain. It's caused rampant wilding growth through our wild lands. In essence, it's a very big weed unless you're farming it for wood and paper and even then, that market is turning sour - ask Tokoroa and Kawerau. But has it done anything to reduce emissions? We've had long enough for proof. It has not. It's provided excuses for well-meaning pop bands to travel the world in private jets, planting useless forests in their wake and claiming moral superiority. But the 1News bit then went and missed the point. The headline was that we should plant natives instead of pine. Which he did say, but only if we keep with the nutso forest planting scheme. What Simon proposed was completely removing the ability of carbon polluters to rely on planting trees to meet their climate obligations. He said what New Zealand currently had been mostly a "tree planting scheme" that did little to cut planet-heating gases. And then the zinger quote: "The world actually needs real reductions in gross emissions, not an accounting triumph". If you want to cut your emissions, then cut your emissions. But don't plant a tree.See omnystudio.com/listener for privacy information.

A climate professor says forestry isn't the answer to climate change. It comes after Parliament's environment watchdog released a report proposing completely removing the ability of carbon polluters to rely on planting trees to meet their climate obligations, instead of cutting their emissions. Victoria University Adjunct Professor of Climate Change Adrian Macey told Mike Hosking we need a more comprehensive approach to tackling climate change. He says planting trees simply isn't good enough. Macey says planting trees isn't a 'get out of jail free' card, but rather a suspended sentence. LISTEN ABOVE See omnystudio.com/listener for privacy information.

The UK's original plans to follow Brussels in requiring shipping companies to buy carbon credits for their carbon emissions was originally limited to domestic voyages. Now, officials in London are considering whether to take a step further. We talk to Transport & Environment's Jon Hood about the implications.

In this episode, Eric talks to Elizabeth Heeg from the Forest Owners Association about New Zealand's new restrictions on forestry in the Emissions Trading Scheme. They discuss why using ETS controls to address local forestry concerns is problematic, examining implementation challenges and arguing that these issues would be better handled through local land use planning.

Beef + Lamb NZ has commissioned a report looking at how governments around the world support their farmers with emissions reduction. Its climate change programme manager Madeline Hall tells Bryan that farmers here are on their own when compared with farmers overseas, who enjoy direct funding for sustainability initiatives.Federated Farmers is celebrating a change in regulations that rules out trees on certain land classes from being entered into the Emissions Trading Scheme. Toby Williams says that it will give farmers more control over their futures and also help with succession planning.Senior reporter Neal Wallace has been at the NZ Agriculture and Climate Change conference in Wellington as both a reporter and a presenter. He reflects on his presentation outlining the key findings from his Meeting the Market tour earlier in the year and sums up the key themes to emerge.

Federated Farmers is celebrating a change in regulations that rules out trees on certain land classes from being entered into the Emissions Trading Scheme.Toby Williams tells Bryan that it will give farmers more control over their futures and also help with succession planning.

The latest carbon credit auction found little success, but the Climate Change Minister says there's still some positives.  The Government's auction attracted no bidders, increasing the chances of millions of tonnes of permits going up in smoke come December.  The Government has announced measures to address the issue, shrinking the number of permits available over the next five years in an effort to flush out surplus credits.  Minister Simon Watts said that there is demand for the credits, as there is an active secondary market that is trading with good liquidity.  He said that the function of the government's market is to introduce supply to the market if necessary, and the purpose of the credits is to reduce emissions, not generate revenue for the government.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

The Climate Change Minister believes slashing 24 million carbon credits will fix the struggling Emissions Trading Scheme. Companies buy the credits in quarterly auctions - to offset their pollution output. Repeated failures to sell credits triggered the Climate Change Commission to advise there are too many cheap units available, in order to drive down emissions. Minister Simon Watts says it's a simple supply and demand fix, but he can't speculate on the price implications. "What we've done here today is make sure we've put some credibility back into this market - which hasn't been the case in the past." Changes to unit numbers kick in from 2025. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Emissions Trading Scheme could soon stop Kiwis from eating their greens.  Greenhouse tomato, cucumber and capsicum growers are set to be affected by changes to industrial allocation.   Major producers could be lumped with a $200,000 fee, and Vegetables New Zealand says that will put some out of business.  Vegetables New Zealand chair John Murphy joined Mike Hosking.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

The government recently announced its climate strategy for 2024, including five pillars in the different areas they plan to focus on. This government has been criticised previously for its inaction or ignorance of climate issues, particularly through policies such as agriculture's removal from the Emissions Trading Scheme, the scrapped clean car discount, and the Fast Track Approvals Bill.  In our weekly catchup with the National Party, Wire Host Castor spoke to MP Tom Rutherford about the government's new Climate Strategy for 2024, particularly its focus on businesses.

The Climate Minister promises he's focused on a 'credible' carbon credit market after yesterday's auction came up empty.  Not one unit was bought out of 3.5 million available.  Questions have been raised about the price of the credits and the gap between demand and supply.  Minister Simon Watts told Mike Hosking that the Government's working on its emissions reduction plan alongside the trading scheme.  He says they've been working hard to send a signal to the market on what the Government's intent is.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

On the Mike Hosking Breakfast Full Show Podcast for Thursday 20th of June, what are we expecting from the GDP number for Q1? And just how much trouble are the Government in after yet another failed ETS auction?  Is professional cricket in NZ facing a turning point when you have captain Kane Williamson turning down a central contract to play T20 overseas?  Joseph Parker is back in a big way. Two huge wins and now he's turning into a promoter as well. He joined Mike Hosking in studio to compare biceps.  Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

The government is proposing the repeal of several speed limit changes introduced across the country under the previous government since 2020. Among these changes include the expansion of school zone speed limits to cover the full day. These changes have been criticised for their potential risk to particularly children and other young people.  The Emissions Trading Scheme is a program introduced in Aotearoa to reduce emissions in line with global standards. The program requires emitters to log and report their emissions, and limits the quantity of emissions. Emitters can sell or buy emissions units from others to allow them to emit more or less. By removing agricultural emissions, farmers would no longer be required to adhere to these requirements. In our weekly catchup with the National party, Wire host Castor spoke to MP Suze Redmayne about the speed limit changes and removal of agriculture from the ETS. Particularly, he touched on the speed limit risks to children and how the government will restrict farmers' emissions without the ETS covering them.

For the weekly catch up with the ACT Party, Wire host Sofia Roger Williams spoke to ACT MP Simon Court about taking agriculture out of the Emissions Trading Scheme, reports about the ACT Party's mistreatment of staff, as well as the party's 15% of the vote goal for 2026.  She also spoke with Senior Lecturer in Clinical Psychology at Victoria University, Dr Clare-Ann Fortune, about boot camps for young people who commit serious offences.  Producer Castor spoke to New Zealand Director for Brake, the road safety charity, Caroline Perry, about the newly proposed speed limit changes.  And producer Josef spoke to Debbie Ward, the National Disability Leadership Coordinator for CCS Disability Action, about the government announcing funding for specialist schools and classrooms for students with disabilities. Whakarongo tonu mai!

Last week, the coalition government confirmed it would deliver on its election commitment to take agriculture out of the Emissions Trading Scheme. The Emissions Trading Scheme is a key tool for meeting New Zealand's domestic and international climate change targets, by requiring businesses to measure and report on their greenhouse gas emissions, to surrender one ‘emissions unit' to the Government for each one tonne of emissions they emit and by limiting the number of emissions units available to emitters. Wire host Sofia Roger Williams asked the ACT Party's Simon Court about this in terms of upholding New Zealand's international obligations as well as how the new Pastoral Sector Group will tackle biogenic methane.  She also asked Simon about reports of the ACT Party's ‘culture of fear' in its election campaign leadership and how the party is addressing them.  Lastly, she asked about the ACT Party's rally last Sunday where ACT leader David Seymour set a goal of 15% of the vote at the 2026 election. 

The Labour leader says this year's Fieldays is an opportunity to spend time listening to farmers, instead of being “whisked around” doing “Prime Ministerial things”. He said it was also a time to amend the “strained relationships” between the agricultural sector and his previous government. Plus, he talks about the Coalition Government's decision to exclude agriculture from the Emissions Trading Scheme and the scrapping of He Waka Eke Noa.See omnystudio.com/listener for privacy information.

DairyNZ's chief executive gives up lunch to yarn with us about the government removing agriculture from the Emissions Trading Scheme and disbanding He Waka Eke Noa.See omnystudio.com/listener for privacy information.

The Prime Minister and chief executive of Fieldays kick off the show. Luxon comments on removing agriculture from the Emissions Trading Scheme, disbanding He Waka Eke Noa, and a call for an enquiry into rural banking. Nation says the “vibe" at Fielday is "pretty good” despite a few traffic issues.See omnystudio.com/listener for privacy information.

The Government has kept its promise to farmers to exclude agriculture from the Emissions Trading Scheme. Federated Farmers president Wayne Langford spoke to Corin Dann.

Climate delay is the new denial: that's the message from the Green Party in response to agriculture being kept out of the Emissions Trading Scheme. Green Party co-leader Chlöe Swarbrick spoke to Ingrid Hipkiss.

Dairy NZ's welcoming the Government's decision to keep agriculture out of the Emissions Trading Scheme.  A law change will stop farming being charged through the scheme, which offsets credits against emitting.   It's also disestablished He Waka Eke Noa and plans to replace it with a new group tasked with tackling methane emissions from farming.   Dairy NZ chief executive Campbell Parker told Mike Hosking that they're looking forward to having more precise emission targets.  He says when farmers get clarity, they will invest in the things needed to improve their farms.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

On the Mike Hosking Breakfast Full Show Podcast for Wednesday 12th of June, we talked to the farmers about the Government's choice to take agriculture out of the Emissions Trading Scheme.  Bring on Fieldays 2024! Such a good event, so we needed to get down there for a talk about how it's going to go over the next three days.  Ginny Andersen and Mark Mitchell looked at the missing man and his kids, the investigation into the Te Kuiti baby death, and the housing supplement funds for MPs.  Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

Another one of those sensible moves this week, with an amendment coming to the Climate Change Response Act.  It's to make sure agriculture doesn't enter the Emissions Trading Scheme.  On a side note, the report the previous Government commissioned to look at how we handle agriculture around climate change was called He Waka Eke Noa.  Tell me what that means. Anyone. Tell me the translation of He Waka Eke Noa to English.  And in that was part of the ongoing angst over the Maorification of New Zealand and how simply peppering a few touchy-feely phrases changed nothing when it came to language.  So, He Waka Eke Noa is in the bin. We will need to find a new way to work out where agriculture fits into climate change.  But here is the key point that the current Government, frequented by farmers like Andrew Hoggard, get that the previous Government didn't, is that when it comes to farming, we globally are as good as it gets.  If we made farming needlessly hard here, we wouldn't produce as much, which was always a stupid idea given we sell what we make and that's called foreign income. And when we don't sell it, we eat it.  If we made it too hard to farm we would still need to eat, and it would simply be grown by someone else who isn't as good as we are. What's the point in that?  Then we get to the science of it all. Punishing people for a problem that science is already, and will increasingly help, if not address, is pointless.  The obsession around the Paris Agreement and cutting omissions at the expense of all else has already played out disastrously in oil and gas and our ability to turn the lights on.  The last thing we needed was a drop in agriculture.  The Australian Opposition has already talked this week of bailing on the Paris deal because it's unobtainable.  We signed up to things we couldn't do, and Labour didn't appear to care who they wrecked while chasing the illusion.  Reality and common sense is back and not a moment too soon. See omnystudio.com/listener for privacy information.

The Climate Change Minister says plans to reduce agricultural emissions must be balanced with maintaining New Zealand's production. The Government plans to change the law in order to to stop farming being charged with credit offsets through the Emissions Trading Scheme. It was the fallback plan if partnership group He Waka Eka Noa couldn't find an alternative way to charge agriculture. He Waka Eke Noa will be replaced and Simon Watts says he's committed to pricing agricultural emissions by 2030. "We want that to be industry and farmer-led, because our farmers are some of the most carbon-efficient farmers in the world." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Here's some good news for farmers on the eve of Fieldays - they will not have to pay for their emissions.The Government's announced it's taking agriculture back out of the ETS, which is where it's always been until the last Labour Government put it in there.And outside is where it should always be, because the idea of putting a climate tax on farmers who provide the food we need to survive is crazy. The idea is so crazy that, as far as I can tell, no other country in the world has done it.Now, Labour's threat to farmers was - you're in the ETS unless you find another way to pay for your emissions. So there will likely be an expectation that farmers will still have to find that other way. And frankly, I hope they don't have to. I hope we just give up on this, because making farmers pay to grow the food we need to survive is absolutely nuts. I'm not having an argument about whether climate change is real or not, because of course it's real. And I'm also not having an argument about whether we should make an effort to reduce emissions. If we can, of course we should, within reason. But I am prepared to argue about how far you take that idea. I think that idea was taken too far. When Labour put farmers in the ETS, it had gone too far - because the natural end point of that was that it would add another cost to farming that would cause our farmers to farm fewer animals. That would therefore produce less meat and milk, therefore feeding fewer humans and making our country poorer by selling less to the world. When you get to that endpoint - that's crazy. For a moment there, we got absolutely carried away with the conviction that climate change was the most important thing we were dealing with. Let's get this straight, it is not. It doesn't trump everything else that we are doing. I would argue feeding children is more important, educating children is more important and heating up homes in the winter is more important.Thank goodness for this announcement, because it is absolutely correcting our priorities. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Tonight on The Huddle, Jordan Williams from the Taxpayers' Union and Jack Tame from ZB's Saturday Mornings and Q&A joined in on a discussion about the following issues of the day - and more! It's been revealed agriculture will be taken off the Emissions Trading Scheme. Is this the right call for New Zealand's emissions profile? Waikato authorities have offered 80,000 to finally find the missing Marokopa father and children. Will this help flush out anyone with information? Labour's Chris Hipkins has pulled ahead in the latest Taxpayers' Union-Curia poll, and National is lagging. How much should voters read into this? Can the coalition turn public opinion around?  Labour's Kieran McAnulty raised a few eyebrows for claiming a political housing perk to live in his wife's apartment - is it time we scrapped this entitlement for MPs? LISTEN ABOVE    See omnystudio.com/listener for privacy information.

​On the Heather du Plessis-Allan Drive Full Show Podcast for Tuesday, 11 June 2024, Detective Inspector Graham Pitkethley gives an update on his homicide investigation following the death of a Te Kuiti baby. The Climate Change Minister tells Heather why farmers shouldn't be paying for their emissions and will definitely be excluded from the Emissions Trading Scheme. The Commerce Commission has revealed the fuel price trick that costs motorists millions every year. Plus, the Huddle debates whether it's time we stopped paying politicians an accommodation allowance if they own the place they're staying in. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government's move to scrap agriculture from the Emissions Trading Scheme has been welcomed by rural leaders. The newly-scrapped scheme would see farmers charged for additional emissions units used above their allotted allowance by 2025. Agriculture Minister Todd McClay says the Government needed to focus on 'practical tools' that wouldn't reduce production or exports for Kiwi farmers. Federated Farmers president Wayne Langford approves of this choice - but claims there's still significant work to be done.  LISTEN ABOVESee omnystudio.com/listener for privacy information.

A new Treasury paper reveals how the Government's main weapon for tackling the climate crisis could affect families financially.   It demonstrates how leaning heavily on the Emissions Trading Scheme could increase costs for households disproportionately.   Carbon prices are expected to move upwards, bringing other household costs up with it and hitting lower income families the hardest.   Victoria University climate expert Adrian Macey told Mike Hosking that the modelling is a useful thought experiment about the effects of the ETS.   He says it sends a message to the Government it can't just set and forget the ETS, it has to consider compensation for the people most affected.   LISTEN ABOVE See omnystudio.com/listener for privacy information.

Iqbal Dhaliwal, Global Executive Director of MIT's Abdul Latif Jameel Poverty Action Lab (J-PAL), and Vikrant Bhargava, Founder of Veddis Foundation, join Alberto Lidji to discuss the power of evidence, the ASPIRE partnership and the innovative Emissions Trading Scheme. We also explore how philanthropists should decide what to fund, where and how to fund; why evidence is so important in driving forward policy change; and why policy itself should be a key focus in the philanthropic space.  The ASPIRE partnership (Alliance for Scaling Policy Impact through Research and Evidence) is a coalition of governments, philanthropic organizations, civil society groups, and research institutions.  The Emissions Trading Scheme (ETS) is a flexible, market-based approach to solving the air pollution problem in India. It works by capping emissions for a particular pollutant, like particulate matter, in a particular area. It allows sources of the pollutant, such as industrial plants, to trade emissions permits among themselves. The capping ensures emissions targets are met while trading allows this to be achieved cheaply. The Abdul Latif Jameel Poverty Action Lab (J-PAL) is a global research center working to reduce poverty by ensuring that policy is informed by scientific evidence. Anchored by a network of more than 900 researchers at universities around the world, J-PAL conducts randomized impact evaluations to answer critical questions in the fight against poverty. J-PAL co-founders Abhijit Banerjee and Esther Duflo, with longtime affiliate Michael Kremer, were awarded the 2019 Nobel Prize in Economics for their pioneering approach to alleviating global poverty. Veddis Foundation invests in organisations working at the intersection of technology, policy, and impact. Veddis also partners with governments on policy implementation, effective public service delivery and governance.  Thank you for downloading this episode of the Do One Better Podcast. Visit our Knowledge Hub at Lidji.org for information on 250+ case studies and interviews with remarkable leaders in philanthropy, sustainability and social entrepreneurship. 

The government has been clear that it plans to rely on the Emissions Trading Scheme to meet climate targets. But according to the Climate Change Commission, the scheme will not be sufficient in its current form. In advice to government released yesterday, they say there is an over-supply of units. This means that large polluters - which buy the units to allow the release of planet-heating gases - often find it is cheaper to buy them than invest in ways to cut pollution. The Commision's chair, Dr Rod Carr, spoke to Morning Report.

The carbon market is worth following, if for no other reason than it's a very good example of voodoo economics - and it's highly entertaining.  We talked yesterday to Steven Joyce about James Shaw's desire to have our liability on carbon emissions put into the books so we can all see what sort of effect it would have on our finances.  The key lines in Joyce's explanation were that we can't do that because we don't actually know what the figure is, remembering of course we promised to reduce emissions in the Paris Accord by a certain amount in a certain timeframe.  He also quite rightly pointed out that there is no one to pay it to, and the reason there is no one to pay it to is because the whole thing is invented. Which brings us back to the Climate Change Commission, who have put out their latest advice. And their latest advice advises the Government that they have their settings all wrong.  The previous Government had their settings all wrong as well, given the carbon auctions last year were a complete and utter bust. The carbon auctions happen four times a year but it's another invention - if you're a polluter you buy credits to offset your emissions.  The trouble was at each and every one of the auctions last year no one bought anything. Not one carbon credit. Nothing.  As each auction came and went the unsold credits got added to the next auction, so work out the ol' supply and demand equation and guess what happened? That's right - nothing.  Four auctions and not a single sale. The Government could have got $2billion-ish but they got nothing.  The commission says we need to do something about it because there are too many credits, there is too much uncertainty and we run the risk of not meeting our obligations.  Small question - what exactly happens if we don't meet our obligations? The answer, my bet, is nothing.  Very few, if anyone, is meeting their obligations. China certainly isn't, or America, or India, the world's actual polluters.  We have got ourselves caught up in a faux fight, with a market we invented, in a non-enforceable deal. All propped up by the idea that you should hand over money to an imaginary group, or organisation, or people if you burn coal.  Could it be the fact no credits were sold at our auctions last year and the commissions concerns over settings is largely because this is a scam? And when push comes to shove people don't mind espousing hot air about it, we love a bit of greenwashing.  It's just we are not so keen on handing over actual money. See omnystudio.com/listener for privacy information.

Forestry operators are hopeful that an independent review of the Emissions Trading Scheme will reduce the costs on the sector.  The Government's announced a review into the forestry component of the ETS.  Forestry Minister Todd McClay says it's about delivering on an election promise.  Forest Owners Association President Grant Dodson told Mike Hosking that he hopes it results in lower costs.  He says they're happy to pay their share, but it must be balanced across all sectors.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

Pressure is on for the Finance Minister to provide detail on how the government will deliver promised tax cuts as the country's economy slows. Nicola Willis unveiled the mini-Budget on Wednesday alongside Treasury's half year update. She has so far found $7.5 billion by slashing funding from initiatives like Let's Get Wellington Moving, Fair Pay Agreements and the Emissions Trading Scheme. Finance Minister Nicola Willis spoke to Ingrid Hipkiss.

The incoming Government is expected to contend with a billion-dollar hole in its books created by the upcoming ETS auction.  The final auction of units under the Emissions Trading Scheme for 2023 isn't expected to clear on December 6. Most participants in the carbon market expect this auction to fail, on the grounds that a full year's worth of units will need to be sold. NZ Herald Wellington business editor Jenee Tibshraeny explains why this predicted failure will be good for the market. LISTEN ABOVESee omnystudio.com/listener for privacy information.

In this podcast we interviewed Hannah Lewis, Head of Policy for the UK Emissions Trading Scheme, and Sam Reed, Head of Scope Expansion for the UK Emissions Trading Scheme at the UK Department for Energy Security and Net Zero. In this interview we ask our guests about the latest developments in the UK emissions trading system as well as about its potential for future evolution. The interview was led by Marie Raude and Lea Heinrich, Research Associates at the Climate Team of the Florence School of Regulation.

There's a suggestion that pricing carbon might not be the only answer to deal with climate change.   New research shows that relying on the Emissions Trading Scheme alone to de-carbonise would trigger petrol prices to soar by 60 cents a litre.  Massey University Professor Robert McLachlan told Mike Hosking that making the carbon price go so high is unfair on consumers.  He says when they looked at the international evidence, they found the ETS does work a bit but it can't reduce emissions alone. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Partners Nick Austin and Brett Hillis and counsel Julie Vaughan explain key features of the European Union Emissions Trading System (EU ETS) and how it is now to be applied to ships entering and leaving EU ports – and those sailing between them. In this podcast, they discuss the implications for charterers, possibilities for trading emissions allowances and the relevance of financial regulation.

Green Party co-leader James Shaw is "incensed" that the National Party wants to divert $2.3 billion allocated to climate change. National has proposed a "climate dividend" - which they say would return taxes paid by climate polluters through the Emissions Trading Scheme to Kiwi families. But the policy's full costing shows this money would return to the government to help fund tax cuts. James Shaw spoke to Corin Dann.

New Zealand's carbon pricing system, the Emissions Trading Scheme, is a central tool in the country's climate change policy. Industries covered by the ETS must give the government a carbon unit for each tonne of emissions they produce. But the ETS has come under scrutiny after the government declined to follow Climate Commission advice late last year, to take action to keep the price of carbon units sufficiently high. The price plunged from nearly $90 to below $40 last month. After the government announced proposed changes to the ETS a fortnight ago, broadly in line with the Climate Commission's advice, the unit price recovered somewhat, to around $57 dollars. How do market based carbon pricing schemes work around the world ? Ian Parry is an international expert on climate mitigation strategies including carbon markets as Principal Environmental Fiscal Policy Expert in the IMF's Fiscal Affairs Department in Washington DC, and about to visit New Zealand.

We've been covering a lot of US state and federal CDR policy in the last few episodes. Today we're taking a much-needed international trip and discussing some critical stories happening across the globe.  Zimbabwe's government has announced new regulations on voluntary carbon offset trading to prevent greenwashing and ensure that local communities benefit. Carbon credit schemes in Zimbabwe have been unregulated. The new policy mandates that all carbon projects register with the program, ensuring that a percentage of the revenue goes directly to local communities.  Deforestation rates in Brazil's Amazon rainforest have fallen by 33.6% during the first six months of 2023 under the new administration of President Luiz Inácio Lula da Silva. This contrasts sharply with the record-breaking deforestation rates in 2022 under former president Jair Bolsonaro, who promoted mining and farming in protected areas. The UK government has announced comprehensive changes to its Emissions Trading Scheme: a program designed to decarbonize the country eventually. The ETS will now include more sectors, set new emissions limits for the power sector, energy-intensive industries, and aviation, and incorporate carbon removal technologies into the ETS. CDR solutions, like direct air capture, BECCs, and nature-based removals, will now be traded in the ETS program.  Today I'm with our regular policy panel of Holly Buck Assistant Professor of Environment and Sustainability at the University at Buffalo and the author of Ending Fossil Fuels, and Wil Burns the Co-Executive Director of the Institute for Carbon Removal Law and Policy at American University. On This Show Holly Jean Buck Wil Burns Radhika Moolgavkar Resources New Zimbabwe Regulations Amazon Deforestation Decrease Cerrado Deforestation Increase “Brazilian Amazon Indigenous Territories” paper Petrobras Increasing Oil Output UK ETS Changes Drax BECCS projects Our Episode on California's SB 308 Connect with Nori Nori Nori's Twitter Nori's other podcast Reversing Climate Change Nori's CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Storing carbon dioxide in geothermal wells could be a cheap way to mitigate climate change, and New Zealand is well placed to do it according to researchers at the University of Canterbury. Too good to be true?

A group representing Maori forest owners say Maori could be billions of dollars out of pocket as a result of proposals to review the Emissions Trading Scheme . The Government today released for consultation a series of options to reform the scheme. Ideas range from tweaks to the existing system to setting up a whole new ETS market. Climate reporter Hamish Cardwell has more.

The Government has released its draft plan for the Emissions Trading Scheme to incentivise greater emissions reductions instead of just planting trees. The scheme is a government-run market where polluters buy credits to emit.Under current settings it is cheaper to for firms to buy credits from tree planting rather than actually cutting pollution. The Climate Change Commission believes the ETS in its current form is a threat to achieving the country's reduction targets. Hamish tells Kathryn the Government wants public feedback on its plan, as well as on how to treat permanent forests planted in order to sell credits on the scheme.

We look at the fight for the rural vote, and the politics around the Emissions Trading Scheme.

The government needs to take more urgent and bold actions on climate change, or risk missing its own emissions targets for 2026 to 2030 according to the Climate Change Commission. The Commission says there needs to be quicker action on new renewable energy generation and electric vehicle charging infrastructure; more investment in public transport; direct funding for Maori to support emissions reduction; more support for farmers to transition, and a faster transition away from burning coal for heating in factories, schools and hospitals. The Commission also takes aim at the Emissions Trading Scheme saying it makes getting to net zero far too reliant on forestry instead of making real cuts to emissions. Kathryn speaks with Climate Change Commissioner, Dr Rod Carr.

Labour came to power promising to take climate change seriously - has it done that?

700 hectares of hill country on Nigel and Cathy Graham's Kaikoura farm is being retired. Income from honey and carbon credits are repacing livestock on the regenerating land. The couple have also protected a wetland that has one of the best examples of a raupo reedland in the district.