NZ ETS Settings Hold Steady Amid Shortfall Warning
The Climate Change Commission has recommended maintaining the current New Zealand Emissions Trading System (NZ ETS) settings but warns of a potential unit shortfall as early as 2028.
Former Governor-General Patsy Reddy has been appointed the new chair of the Climate Change Commission.
Former Governor-General Dame Patsy Reddy will be the new chair of the Climate Change Commission.
The commission is an independent Crown entity that provides the Government advice, monitoring and reporting to support New Zealand’s transition to a climate-resilient, low emissions future.
Climate Change Minister Simon Watts says that Reddy will come to the role with an extensive and distinguished career in law and governance.
She served as the 21st Governor-General of New Zealand from 2016 to 2021. In 2014, she became a Dame Companion of the New Zealand Order of Merit for services to the arts and business and in 2016 she was made a Dame Grand Companion of the Order for services to the state. She is currently chair of the New Zealand Rugy Union and the New Zealand Symphony Orchestra Foundation. She is also a trustee of the Malaghan Institute and the Aspen Institute New Zealand.
Reddy’s appointment will take effect in February 2025. In the meantime, commissioner and deputy chair Lisa Tumahai will be acting chair when current chair Dr Rod Carr’s term ends this month.
Watts has also appointed Felicity Underhill and Devon McLean as Commissioners from December 2024 until September 2028, replacing Catherine Leining and Professor James Renwick.
“Underhill has worked in the energy industry for over twenty years and will bring significant experience in decarbonisation of the energy, transport and industrial sectors. She has also been actively involved in future fuel transition programmes around hydrogen,” Watts says.
“McLean has had a long executive and governance career in the forestry and conservation fields. The Commission Board will benefit from McLean’s forestry industry experience and governance expertise.
Watts thanked Carr, Leining and Renwick for their service to the Commission.
Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
The stockfood storage capacity of J Swap Stockfoods continues to grow in the South Island with the opening of a new store that boosts its capacity in Christchurch and work starting on another store in Southland.
Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
New Zealand farmers have been told they all have amazing people on their farms and have been urged to be “that one person” that can make a huge difference to those going through tough times.
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