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.
New Zealand exports to the European Union have surged by $3 billion in two years under the New Zealand-European Union Free Trade Agreement.
A new joint investment of $1.2 million aims to accelerate farmer uptake of low-methane sheep genetics, one of the few emissions reduction tools available to New Zealand farmers.
The Food and Agriculture Organization of the United Nations (FAO) has issued a stark warning about the global implications of the ongoing Gulf crisis.
Fonterra has announced interim changes to the leadership of its Global Ingredients business.
New Zealand agritech company Halter has announced unveiled a new direct-to-satellite technology solution for its smart collars for beef cattle, unlocking virtual fencing for some of the country's most remote farming regions.
Dairy Women's Network (DWN) has announced a new limited edition DWN Monopoly NZ Dairy Farming Edition, created to celebrate the people, places and seasons.

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