New Zealand








Fossil Fuels

Environment

Environment

Cook Islands PM wants to increase trade relations with China

Cook Islands Prime Minster Mark Brown will travel to China next week. This is the first time in 10 years that a leader from the small South Pacific nation has visited China. The visit aims to improve relations between the two countries, including trade, investment, tourism, and infrastructure. The visit is part of Beijing's efforts to expand its influence in the Pacific and comes after Pacific Island Nations raised concerns about U.S. President Donald Trump’s decision to freeze foreign aid and crackdown on illegal immigration, as well as withdraw from The Paris Agreement regarding climate change. In a Thursday statement,...

Carbon Emissions

New Zealand aims to reduce emissions by 51-55% by 2035

New Zealand announced late Thursday night that the country will commit to reducing emissions from 2005 levels by 51-55% by 2035. This commitment is part and parcel of the country's Paris Agreement commitment. The initial commitment was to reduce emissions 50% by 2030, and it is part of its pledge to reach net zero emissions by 2050. Climate Change Minister Simon Watts stated in a press release that "we have worked hard to establish a target which is both achievable and ambitious, reinforcing the commitment we feel to the Paris Agreement as well as global climate action." "Meeting the target...

Environment

New Zealand Government announces plans to double its mineral exports by the year 2035

The New Zealand Government announced on Friday its intention to double the country's exports of minerals to NZ$3 Billion ($1,69 Billion) by 2035. In a speech, Shane Jones, the Minister of Resources said that the Government had raised the target from NZ$2billion to NZ$3billion after the industry said the previous target was not ambitious. Statista New Zealand reports that New Zealand minerals exports totaled NZ$1.46 Billion in the twelve months ending June 30. Jones, in Waihi, a mining town on the North Island, said that the government sees the development of minerals as an important pillar for a strong economy....

Environment

Commonwealth chooses Shirley Ayorkor Botchwey as brand-new secretary-general

Commonwealth members selected Shirley Ayorkor Botchwey as secretarygeneral of the 56nation club headed by Britain's King Charles, the Commonwealth said on Saturday, the final day of a top in Samoa participated in by Charles and Queen Camilla. Representatives of the nations, most with roots in Britain's empire, are going to the Commonwealth Heads of Federal government Meeting that began in the Pacific Island nation on Monday, with slavery and the hazard of environment modification emerging as major styles. Today at #CHOGM 2024, Commonwealth Heads of Government have chosen the Hon Shirley Ayorkor Botchwey, presently the Minister for Foreign Affairs and...

Environment

Concentrate on gender injustice as Commonwealth top starts in Samoa

A meeting of Commonwealth countries began in Samoa on Monday with a concentrate on the earnings inequity, violence and structural discrimination dealt with by ladies, explained by Commonwealth Secretary General Patricia Scotland as a plague. in our world. Leaders and officials from 56 nations with roots in. Britain's empire will attend the Commonwealth Heads of. Government Fulfilling in the small Pacific Islands country. At a forum on Monday, females political leaders stated gender. inequality stays widespread amongst the group, which spans top. economies such as Britain, Canada and Australia, the world's. most populated nation India, and 14 least established states...

Pollution

New Zealand to decrease accessibility of emission credits from 2025

The New Zealand federal government said on Tuesday it would more than cut in half the number of systems it makes available to offset carbon emissions in between 2025 to 2029, as part of a strategy to restore self-confidence in the emissions trading plan market. Auctions for New Zealand units, which represent one metric tonne of carbon dioxide, or the equivalent of any other greenhouse gas, have actually consistently stopped working over the previous year due to oversupply leading to a loss of confidence in the system. Environment Modification Minister Simon Watts stated in a statement that the federal government...

Environment

At Tahiti's Olympic browsing place, Polynesians fight for a reef and a way of life

On the remote south coast of Tahiti, its Jurassic peaks and azure lagoon available just by boat, Patrick Rochette is discussing how centuriesold Polynesian conservation traditions are being restored to secure this distinct environment. Joined gruesome tales of the island's history of tribal wars and the roots of wave-riding, it's a compelling account that resonates with the school kids that the Tahitian older has given this picturesque area near to the Olympic browsing venue of Teahupo'o. Amongst the interconnected Polynesian concepts lost or repressed during Tahiti's French colonisation that Rochette explains: respect for tupuna, the ancestors; mana, the spiritual power...

Environment

Olympics-Triathlon-Yee's 'one last push' makes incredible gold

Alex Yee might have been the fastest runner in the field at the Olympic men's triathlon but he knew you can't beat the heat and his considered pacing paid optimal dividends when he drew in Hayden Wilde in a remarkable finish on Wednesday. The two athletes understand each other inside out and won silver (Yee) and bronze (Wilde) in Tokyo, so the New Zealander took something of a punt in attempting to go hard early and break his British friend and competitor's willpower. With just around 500 metres of the 10km course to go it looked to be a masterstroke...

Pollution

Olympics-Triathlon-Britain's Yee takes gold with thrilling 10km surface

Britain's Alex Yee ran a perfectly-paced 10km to take a remarkable Olympic triathlon gold on Wednesday, revamping a fading Hayden Wilde of New Zealand in brutal conditions. The race was originally due to be held on Tuesday however postponed due to bad water quality in the river Seine and, after the swim and bike leg, a substantial group of 32 hit the shift to the run together. Yee and Wilde instantly created clear but the New Zealander, bronze medallist in Tokyo, surprisingly made an early move, with Yee, extensively considered the fastest runner in the field and silver medallist 3...

Environment

Tasmanian 'Eco-Milk' tests consumers' thirst for climate-friendly dairy

A small dairy in Tasmania is equipping supermarket shelves with what it states is the world's. first branded milk produced by cows fed with a seaweed that. makes them produce lower levels of ecologically harmful methane. gas. The animals market accounts for around 30% of international. methane emissions, according to the United Nations. Seaweed and. other feed ingredients for cattle could lower these greenhouse. gas emissions however have yet to be widely adopted due to cost. Considering that February, family-owned Tasmanian dairy producer. Ashgrove has actually been feeding around 500 cows - a fifth of its overall. - an oil...

Environment

New Zealand ends strategies to rate farming emissions

New Zealand on Tuesday ended a plan to put a price on farming emissions including methane produced by burping sheep and cattle, relenting to farmer pressure that the plan would make their company unprofitable. The conservative federal government stated in a declaration it would establish a Pastoral Sector Group with representatives from the agricultural sector to discover other methods to decrease biogenic methane. Terms of referral for the group need to be established and concurred upon. The previous federal government had actually presented a strategy to charge farmers for their gas emissions from the end of 2025, in what was...

Pollution

New Zealand announces 'independent review' of 2050 methane targets

New Zealand's federal government on Saturday said an independent panel of specialists would review the nation's methane targets, with the goal of assisting domestic climate modification objectives for 2050. This independent review, which will report back to the federal government by the end of the year, will provide evidence-based guidance on what our domestic 2050 methane target must be, consistent with the concept of no extra warming, Agriculture Minister Todd McClay said in a statement. Environment Modification Minister Simon Watts said the evaluation complemented a Climate Change Commission evaluation of the 2050 targets and would provide an input into the...

Mining

Mining

Australian shares rise on the back of gold stocks

Australian shares rose Tuesday as gold miners reached a record high following the bullion’s record rally. Other sectors also gained from broad-based purchasing and investors were focused on earnings reports of several heavyweight corporations. S&P/ASX 200 Index rose 0.2%, to 8,502.9 at 0008 GMT. The benchmark index fell 0.3% Monday. Gold miners on the broad market gained up to 2.6%, reaching a new record high. The safe-haven market drove gold prices to a record high and they broke the $2,900 barrier for the first. Northern Star Resources increased by 3.1% while Evolution Mining grew by 2.5%. Financials increased by 0.1%,...

Mining

FOREX Dollar gains slip, while others are affected by tariff threats

The U.S. Dollar gained on Monday, after President Donald Trump announced 25% tariffs on imports of aluminum and steel. Meanwhile, the Canadian dollar, Japanese Yuen, Euro and Sterling all fell on worries about any new trade levies. According to data from the American Iron and Steel Institute and government, Canada is one of the top exporters of steel and aluminum to the U.S. along with Brazil Mexico South Korea and Vietnam. The yen fell on fears that Japan might also be hit with tariffs. Marc Chandler, Bannockburn Global Forex's chief market strategist in New York, said that there is "a...

Mining

The Canadian dollar slips as tariff threats threaten to increase FOREX-Dollar gains

The U.S. Dollar gained on Monday, after President Donald Trump announced 25% tariffs on imports of all steel and aluminum. Meanwhile, the Canadian dollar was one of the worst performers. According to data from the American Iron and Steel Institute and government, Canada is one of the top exporters of steel and aluminum to the U.S. along with Brazil Mexico South Korea and Vietnam. The yen fell on fears that Japan might also be hit with tariffs. Marc Chandler, Bannockburn Global Forex's chief market strategist in New York, said that there is a "little bit of catching up and also...

Mineral Resources

Climate Change

Climate Change

New Zealand inks 'sustainable' trade handle Switzerland, Costa Rica and Iceland

New Zealand signed a trade offer on Saturday with Switzerland, Costa Rica and Iceland to eliminate tariffs on numerous sustainable goods and services, in a relocation Wellington says will boost the country's export sector. The Arrangement on Climate Modification, Trade and Sustainability ( ACCTS) was signed at a ceremony during the Asia-Pacific Economic Cooperation (APEC) in Peru on Saturday after being struck in July, Trade and Agriculture Minister Todd McClay stated in a statement. This contract gets rid of tariffs on key exports including 45 wood and wool items-- 2 sectors that are crucial to achieving our goal of doubling...

Carbon Emissions

Denmark will be first to impose CO2 tax on farms, federal government states

Denmark, a major pork and dairy exporter, will introduce a tax on animals carbon dioxide emissions from 2030, making it the very first country to do so and intending to inspire others to follow, the government said on Tuesday. A tax was very first proposed in February by government-commissioned specialists to help Denmark reach a legally binding 2030 target of cutting greenhouse gas emissions by 70%. from 1990 levels. The centrist federal government late on Monday reached a. wide-ranging compromise with farmers, industry, labour unions. and environmental groups on policy connected to farming, the. nation's biggest source of CO2 emissions....

Climate Change

China and New Zealand deepen trade ties, discuss rights issues during Premier Li check out

New Zealand and China on Thursday signed arrangements on trade and climate change, with human rights also on the program, during a trip by Premier Li Qiang, the greatest level Chinese check out to New Zealand in seven years. New Zealand Prime Minister Christopher Luxon is looking for to balance rights and security interest in the rewarding trade chances provided by Beijing, the country's largest export partner. The Premier and I discussed our substantial economic relationship, which benefits people in both nations with two-way sell items worth nearly NZ$ 38 billion ($ 23.43. billion), Luxon stated. Li was welcomed on...