Articles tagged with Climate Change Minister
Government Extends ETS Unit Settings to 2031 for Market Stability and Emissions Targets
2 weeks ago | 207 viewsThe Government will maintain existing Emissions Trading Scheme (ETS) unit settings to provide market stability and support New Zealand’s emissions reduction targets, extending key price controls until 2031. These decisions follow consultation and align with the Climate Change Commission’s advice to keep the country on track with its emissions budgets. Additionally, minor regulatory changes will be implemented starting 1 January 2027.
Tags: Emissions Trading Scheme ETS Climate Change Minister Simon Watts New Zealand Climate Change Commission emissions reductions auction floor price cost containment reserve regulatory changesNew Zealand Updates Climate Change Response Act to Strengthen Adaptation and NZ ETS
1 month ago | 340 viewsThe Government is amending the Climate Change Response Act to enhance efficiency, reduce costs, and ensure effective climate risk management, including legally requiring councils to develop 30-year adaptation plans for high-risk communities. The Bill also strengthens governance and transparency of the NZ Emissions Trading Scheme (NZ ETS), addressing investment disincentives and allowing for new carbon removal methods while excluding agriculture. These changes aim to streamline New Zealand’s climate framework, support emissions reduction targets, and deliver practical, results-focused climate action.
Tags: Simon Watts Climate Change Response Act New Zealand NZ ETS Climate Change Minister National Adaptation Framework Climate risks Decarbonisation Market governance Climate targetsNZ Climate Change Minister Attends COP30 in Brazil to Drive Global Climate Action
9 months ago | 808 viewsClimate Change Minister Simon Watts will attend COP30 in Belém, Brazil, emphasizing the need for all countries to take meaningful climate action in line with the Paris Agreement. He aims to deepen cooperation for New Zealand's transition to a low-emission economy through innovation and investment. Additionally, Mr Watts will meet with global counterparts and promote New Zealand companies in São Paulo before returning on November 21.
Tags: Simon Watts Climate Change Minister COP30 United Nations Belém Brazil Paris Agreement New Zealand economy Pacific regionNew Zealand Climate Change Minister Unveils Carbon Removals Framework and Legislative Enhancements
9 months ago | 841 viewsClimate Change Minister Simon Watts introduced a new Assessment Framework for Carbon Removals in New Zealand, aiming to recognize and reward non-forestry carbon removals and support landholders and businesses. The framework aligns with the Government's commitment to climate action that stimulates the economy and promotes emissions reductions, fulfilling an election promise to explore biodiversity credits for initiatives like creating wetlands. Changes to the Climate Change Response Act will streamline processes, improve the NZ ETS, expand opportunities for carbon removal recognition, and reduce compliance costs for stakeholders, with an amendment bill planned for next year.
Tags: Climate Change Minister Simon Watts Assessment Framework Carbon Removals New Zealand Emissions Reduction Plan Biodiversity credits Forestry Climate Change Response Act NZ ETS