Skip to main content

Thank you for visiting nature.com. You are using a browser version with limited support for CSS. To obtain the best experience, we recommend you use a more up to date browser (or turn off compatibility mode in Internet Explorer). In the meantime, to ensure continued support, we are displaying the site without styles and JavaScript.

  • Commentary
  • Published:

Challenges for New Zealand's carbon market

New Zealand is often seen as a leader when it comes to environmental policies, but it needs to do much more to reduce its greenhouse gas emissions.

This is a preview of subscription content, access via your institution

Access options

Buy this article

Prices may be subject to local taxes which are calculated during checkout

Figure 1: Carbon credits imported from or exported to overseas registries in the NZ ETS, 2009–2012.
Figure 2: Carbon credits surrendered under the NZ ETS.
Figure 3: The market price of NZ carbon credits on a given day (based on publicly available data).

References

  1. New Zealand Emission Unit Register (Environmental Protection Authority, 2013); http://www.eur.govt.nz

  2. Renowden, G. 100% useless: NZ government announces pathetic 5% emissions target. Hot Topic (16 August 2013); http://go.nature.com/yFUoGc

    Google Scholar 

  3. Government Emission Target for 2020 Inadequate (Victoria University of Wellington, 2013); http://go.nature.com/HYidyf

  4. Groser, T. New Zealand commits to 2020 climate change target. Beehive (New Zealand Government, 2013); http://go.nature.com/6k8uYn

    Google Scholar 

  5. New Zealand's Net Position under the Kyoto Protocol (Ministry for the Environment, 2013); http://go.nature.com/1W5Osg

  6. Emission Trading Scheme Review Panel Doing New Zealand's Fair Share: Emissions Trading Scheme Review 2011 Final Report (Ministry for the Environment, 2011).

  7. Luth Richter, J. & Mundaca, L. Carbon Manage. 4, 423–438 (2013).

    Article  Google Scholar 

  8. NZ ETS 2011 — Facts and Figures (Ministry for the Environment, 2012); http://go.nature.com/LLn63v

  9. NZ ETS 2012 — Facts and Figures (Ministry for the Environment, 2013); http://go.nature.com/7BauGH

  10. Carbon CommTrade (OM Financial Limited, 2013); https://www.commtrade.co.nz

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Luis Mundaca.

Rights and permissions

Reprints and permissions

About this article

Cite this article

Mundaca, L., Richter, J. Challenges for New Zealand's carbon market. Nature Clim Change 3, 1006–1008 (2013). https://doi.org/10.1038/nclimate2052

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1038/nclimate2052

This article is cited by

Search

Quick links

Nature Briefing

Sign up for the Nature Briefing newsletter — what matters in science, free to your inbox daily.

Get the most important science stories of the day, free in your inbox. Sign up for Nature Briefing