Carbon News 15/12/14: smoke and mirrors

By Gareth Renowden 16/12/2014


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.

What did the Romans ever do for us? They left a water warning


As all good Monty Python fans know, water technologies feature large in the legacy of benefits left by Roman civilisation.

Carbon trade in Beijing tops 100 million yuan


Carbon trade volume in Beijing has reached 105 million yuan ($NZ21.8 million) since a carbon emissions trading scheme was launched in the city a year ago.

UN launches new coalition to promote renewable energy


The launch of a new coalition spearheaded by the United Nations Environment Programme will focus on boosting renewable energy usage around the world.

Australia takes action on energy market reform


The Australian Government is leading a new focus on reforms to put downward pressure on electricity prices and give Australian consumers greater power over their energy bills.

Our new energy mix is a game-changer, says India


While the political spotlight focused on the world’s two biggest polluters − China and the US − in the run-up to the Lima climate talks, pressure is mounting on India to set emissions targets to help to prevent the planet overheating.

Bank of England probes risk of fossil fuel assets


In a move that’s likely to cause consternation in some of the world’s most powerful corporate boardrooms, the Bank of England has disclosed that it is launching an inquiry into the risks fossil fuel companies pose to overall financial stability.

On the web: Meet the world’s greatest climate wrecker … Australia

  • Welcome to Planet Oz: Julie Bishop’s speech to Lima climate talks
  • Change of heart: Abbott government commits $200m to Green Climate Fund
  • Cutting carbon a good business opportunity, private sector told
  • EU court nails Austria, Poland over breaches to green energy rules
  • Scots’ renewable energy offsets a million tonnes of CO2 every month
  • How to harvest energy from everything that moves

Eels worth the effort, says environment watchdog


New Zealand needs to put more effort into protecting long-fin eels, or tuna, says the Parliamentary Commissioner for the Environment.

Spotlight turns on roadway illumination


Local authorities are out to halve the energy and cost involved in lighting public roads.

Spot NZUs hit two-year high


Carbon ended the week slightly down, though prices remain above $5 with spot NZUs closing at $5.40 on CommTrade, OMFinancial reports.

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