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Government Backs Voluntary Nature Credits
Government Backs Voluntary Nature Credits

Scoop

time12-06-2025

  • Business
  • Scoop

Government Backs Voluntary Nature Credits

Press Release – New Zealand Government The development of a nature credit market is important to investors and New Zealands reputation. Associate Minister for the Environment The Government is supporting the expansion of a voluntary credits nature market through the running of pilot projects across New Zealand. Establishing a market that is durable, measurable and transparent will help farmers, landowners, iwi, and conservation groups unlock new income streams for looking after nature on their land, Associate Minister for the Environment Andrew Hoggard announced today at Fieldays. 'We want to connect those caring for the land with investors who support conservation. Nature credit markets help fund trusted environmental projects that actively protect and restore ecosystems.' Mr Hoggard said international and domestic investors—including corporates, banks, and philanthropists—are seeking high-quality nature and carbon credits that meet global standards. The development of a nature credit market is important to investors and New Zealand's reputation. 'New Zealand companies spent millions on carbon and nature credits mainly offshore last year. With the right framework, we can keep more of that investment at home.' The Government moved quickly to repeal the previous Government's direction to Councils to identify and map Significant Natural Areas (SNA) by suspending parts of the National Policy Statement – Indigenous Biodiversity. 'Farmers and other private landowners are doing their part to protect native biodiversity and want to do more. Supporting voluntary natural credits markets is a chance for the Government to show them the carrot, not just the stick. Privately funded pilot projects are underway to test how nature credit markets can work in the New Zealand context. As part of these pilots, we will test the role for Government which may include setting principles, and a framework for standards, to build market confidence and ensure quality.' Further details on the Government's role and the design of the expanded market will be announced in the coming months. Information about voluntary nature credits market pilots The pilots represent different land conditions, locations, types of market participants, and activities. They will help the Government understand how to meet the high standards of international markets, the role of Government, and what works best in New Zealand. This real-life experience will provide valuable insights as we move to the next stage of market design. Te Toa Whenua Northland, led by Reconnecting Northland. Transitioning around 100 ha from exotic forestry to native including pest control on iwi-owned land. Waituna Nature Credits Prototype Southland, led by Whakamana te Waituna Charitable Trust (Awarua Rūnunga, Ngai Tahu, Fonterra, Southland District Council, Environment Southland, and Department of Conservation). Restoring 400 ha of farmland at lagoon margins to lowland forest & wetlands (RAMSAR protected site). Waimanu Forest Gisborne Led by Aratu Forests. Converting a commercial forestry block to 50 ha of natives for biodiversity uplift and increased recreational and educational values. Scope to expand to up to 5,000 ha. Sanctuary Mountain Maungatautari insights Waikato, led by Sanctuary Mountain Maungatautari. Observing the current process of issuing credits for conservation and protection activities within the 3,360 ha inland ecological sanctuary. Existing Biodiversity Credits Market (BCM) project standard insights Led by Ekos. Offering market insights from an existing BCM provider. Includes understanding the journey of Reconnecting Northland's proof-of-concept project through this process. Adapted nature credits international standards Led by Boffa Miskell. Testing at-place an additional NZ BCM project standard that is adapting UK methodology to NZ environments as a competitor to domestic or international project standard/certification providers. Voluntary carbon market standard with biodiversity safeguards insights Led by AsureQuality. Testing its carbon project standard, which requires native revegetation, designed to be more applicable and affordable for the New Zealand context. Nature positive credit programme pilot Led by Silver Fern Farms. Testing a processor-led programme for market attraction, and potentially third-party investment, in on-farm nature restoration and enhancement activities that support commercial 'nature positive' claims. Nature-based markets pilots for rural landowners Led by Pāmu Farms. Exploring pathways to make nature-based markets accessible to a range of New Zealand farmers and landholders.

Government Backs Voluntary Nature Credits
Government Backs Voluntary Nature Credits

Scoop

time12-06-2025

  • Business
  • Scoop

Government Backs Voluntary Nature Credits

Press Release – New Zealand Government The development of a nature credit market is important to investors and New Zealands reputation. Associate Minister for the Environment The Government is supporting the expansion of a voluntary credits nature market through the running of pilot projects across New Zealand. Establishing a market that is durable, measurable and transparent will help farmers, landowners, iwi, and conservation groups unlock new income streams for looking after nature on their land, Associate Minister for the Environment Andrew Hoggard announced today at Fieldays. 'We want to connect those caring for the land with investors who support conservation. Nature credit markets help fund trusted environmental projects that actively protect and restore ecosystems.' Mr Hoggard said international and domestic investors—including corporates, banks, and philanthropists—are seeking high-quality nature and carbon credits that meet global standards. The development of a nature credit market is important to investors and New Zealand's reputation. 'New Zealand companies spent millions on carbon and nature credits mainly offshore last year. With the right framework, we can keep more of that investment at home.' The Government moved quickly to repeal the previous Government's direction to Councils to identify and map Significant Natural Areas (SNA) by suspending parts of the National Policy Statement – Indigenous Biodiversity. 'Farmers and other private landowners are doing their part to protect native biodiversity and want to do more. Supporting voluntary natural credits markets is a chance for the Government to show them the carrot, not just the stick. Privately funded pilot projects are underway to test how nature credit markets can work in the New Zealand context. As part of these pilots, we will test the role for Government which may include setting principles, and a framework for standards, to build market confidence and ensure quality.' Further details on the Government's role and the design of the expanded market will be announced in the coming months. Information about voluntary nature credits market pilots The pilots represent different land conditions, locations, types of market participants, and activities. They will help the Government understand how to meet the high standards of international markets, the role of Government, and what works best in New Zealand. This real-life experience will provide valuable insights as we move to the next stage of market design. Te Toa Whenua Northland, led by Reconnecting Northland. Transitioning around 100 ha from exotic forestry to native including pest control on iwi-owned land. Waituna Nature Credits Prototype Southland, led by Whakamana te Waituna Charitable Trust (Awarua Rūnunga, Ngai Tahu, Fonterra, Southland District Council, Environment Southland, and Department of Conservation). Restoring 400 ha of farmland at lagoon margins to lowland forest & wetlands (RAMSAR protected site). Waimanu Forest Gisborne Led by Aratu Forests. Converting a commercial forestry block to 50 ha of natives for biodiversity uplift and increased recreational and educational values. Scope to expand to up to 5,000 ha. Sanctuary Mountain Maungatautari insights Waikato, led by Sanctuary Mountain Maungatautari. Observing the current process of issuing credits for conservation and protection activities within the 3,360 ha inland ecological sanctuary. Existing Biodiversity Credits Market (BCM) project standard insights Led by Ekos. Offering market insights from an existing BCM provider. Includes understanding the journey of Reconnecting Northland's proof-of-concept project through this process. Adapted nature credits international standards Led by Boffa Miskell. Testing at-place an additional NZ BCM project standard that is adapting UK methodology to NZ environments as a competitor to domestic or international project standard/certification providers. Voluntary carbon market standard with biodiversity safeguards insights Led by AsureQuality. Testing its carbon project standard, which requires native revegetation, designed to be more applicable and affordable for the New Zealand context. Nature positive credit programme pilot Led by Silver Fern Farms. Testing a processor-led programme for market attraction, and potentially third-party investment, in on-farm nature restoration and enhancement activities that support commercial 'nature positive' claims. Nature-based markets pilots for rural landowners Led by Pāmu Farms. Exploring pathways to make nature-based markets accessible to a range of New Zealand farmers and landholders.

Government Backs Voluntary Nature Credits
Government Backs Voluntary Nature Credits

Scoop

time12-06-2025

  • Business
  • Scoop

Government Backs Voluntary Nature Credits

The Government is supporting the expansion of a voluntary credits nature market through the running of pilot projects across New Zealand. Establishing a market that is durable, measurable and transparent will help farmers, landowners, iwi, and conservation groups unlock new income streams for looking after nature on their land, Associate Minister for the Environment Andrew Hoggard announced today at Fieldays. 'We want to connect those caring for the land with investors who support conservation. Nature credit markets help fund trusted environmental projects that actively protect and restore ecosystems.' Mr Hoggard said international and domestic investors—including corporates, banks, and philanthropists—are seeking high-quality nature and carbon credits that meet global standards. The development of a nature credit market is important to investors and New Zealand's reputation. 'New Zealand companies spent millions on carbon and nature credits mainly offshore last year. With the right framework, we can keep more of that investment at home.' The Government moved quickly to repeal the previous Government's direction to Councils to identify and map Significant Natural Areas (SNA) by suspending parts of the National Policy Statement - Indigenous Biodiversity. 'Farmers and other private landowners are doing their part to protect native biodiversity and want to do more. Supporting voluntary natural credits markets is a chance for the Government to show them the carrot, not just the stick. Privately funded pilot projects are underway to test how nature credit markets can work in the New Zealand context. As part of these pilots, we will test the role for Government which may include setting principles, and a framework for standards, to build market confidence and ensure quality.' Further details on the Government's role and the design of the expanded market will be announced in the coming months. Information about voluntary nature credits market pilots The pilots represent different land conditions, locations, types of market participants, and activities. They will help the Government understand how to meet the high standards of international markets, the role of Government, and what works best in New Zealand. This real-life experience will provide valuable insights as we move to the next stage of market design. Te Toa Whenua Northland, led by Reconnecting Northland. Transitioning around 100 ha from exotic forestry to native including pest control on iwi-owned land. Waituna Nature Credits Prototype Southland, led by Whakamana te Waituna Charitable Trust (Awarua Rūnunga, Ngai Tahu, Fonterra, Southland District Council, Environment Southland, and Department of Conservation). Restoring 400 ha of farmland at lagoon margins to lowland forest & wetlands (RAMSAR protected site). Waimanu Forest Gisborne Led by Aratu Forests. Converting a commercial forestry block to 50 ha of natives for biodiversity uplift and increased recreational and educational values. Scope to expand to up to 5,000 ha. Sanctuary Mountain Maungatautari insights Waikato, led by Sanctuary Mountain Maungatautari. Observing the current process of issuing credits for conservation and protection activities within the 3,360 ha inland ecological sanctuary. Existing Biodiversity Credits Market (BCM) project standard insights Led by Ekos. Offering market insights from an existing BCM provider. Includes understanding the journey of Reconnecting Northland's proof-of-concept project through this process. Adapted nature credits international standards Led by Boffa Miskell. Testing at-place an additional NZ BCM project standard that is adapting UK methodology to NZ environments as a competitor to domestic or international project standard/certification providers. Voluntary carbon market standard with biodiversity safeguards insights Led by AsureQuality. Testing its carbon project standard, which requires native revegetation, designed to be more applicable and affordable for the New Zealand context. Nature positive credit programme pilot Led by Silver Fern Farms. Testing a processor-led programme for market attraction, and potentially third-party investment, in on-farm nature restoration and enhancement activities that support commercial 'nature positive' claims. Nature-based markets pilots for rural landowners Led by Pāmu Farms. Exploring pathways to make nature-based markets accessible to a range of New Zealand farmers and landholders.

Green light for A737 works with no full impact review
Green light for A737 works with no full impact review

Glasgow Times

time05-06-2025

  • General
  • Glasgow Times

Green light for A737 works with no full impact review

The Scottish Government has decided that resurfacing work on the A737, northwest of Paisley, can go ahead without needing the detailed assessment. To view the full public notice, go to Read more: Paisley football fan to bring Hampden atmosphere to life for visually-impaired fans Paisley teen's hospital volunteering fuels dream of being a doctor Hunt for answers after lorry crashes into bridge near M8 The decision follows a determination under the Roads (Scotland) Act 1984, which considers the potential environmental effects of public and private projects. The project has been classified as a "relevant project" under the Act, as it falls within Annex II of Directive 2011/92/EU, which deals with the environmental assessment of certain projects. However, the authorities have concluded that the resurfacing work will not have significant effects on the environment. This conclusion was reached after considering various factors, including the use of natural resources, waste production, potential pollution, and risks to human health. The authorities also considered the potential impact on areas protected under national legislation, such as the Black Cart Special Protection Area and the Inner Clyde RAMSAR site. The determination was made based on the results of an environmental screening assessment and an assessment under the Conservation (Natural Habitats, &c.) Regulations 1994. The assessments concluded that there would be no significant effects on the Black Cart Special Protection Area, the Inner Clyde Special Protection Area, and the Inner Clyde RAMSAR site. The Record of Determination, dated April 22, 2025, contains more details about the decision. The main reasons for not requiring an environmental impact assessment are: the assessment under the 1994 regulations concluded there would be no significant effects on protected areas; there will be no impacts on the Black Cart Site of Special Scientific Interest and the Inner Clyde Site of Special Scientific Interest; and any potential impacts of the works are expected to be temporary, short-term, non-significant, and limited to the construction phase. The project has been designed to avoid or prevent significant adverse effects on the environment. Mitigation measures and best practices will be implemented to ensure no short-term or long-term significant negative impacts. Containment measures will be in place to prevent debris or pollutants from entering the surrounding environment, and appropriate removal and disposal of waste will be ensured.

‘Government Plans To Destroy The Last Remaining Wetlands'
‘Government Plans To Destroy The Last Remaining Wetlands'

Scoop

time29-05-2025

  • Politics
  • Scoop

‘Government Plans To Destroy The Last Remaining Wetlands'

Press Release – Coromandel Watchdog of Hauraki Coromandel Watchdog of Hauraki says the Government announcement on replacing the RMA and undermining Councils oversight of the environment is a commitment to vandalism. Coromandel Watchdog of Hauraki says the Government announcement on replacing the Resource Management Act (RMA) and undermining Councils oversight of the environment is a commitment to vandalism. 'The whole announcement is a disaster, but the mining example takes the cake. They say that wetlands will be open to mining and quarrying even though 90% of wetlands have already been destroyed by destructive land management,' says Watchdog Chairperson Catherine Delahunty. 'Its so extraordinarily reckless and out of touch, they are drunk with power and immune to reason. So much hard work on farms, coasts and public land has gone into protecting the 10% of wetlands left because of their key role they play in water quality improvement by filtering out pollutants, reducing flood risks and providing vital habitats for fish breeding and homes for many other diverse plants and animals. Wetlands sequester carbon which would be reason enough not to mine them. Our country signed onto the RAMSAR intergovernmental treaty, a Convention committing us to the wise use of wetlands and we have to report on how we are protecting them, especially those of international significance. Is the Government abandoning that commitment?' 'I do not know what is driving this new attack on the environment, greed seems obvious, but surely the Government can see the economic value in wetlands. It is not the 1950s and we know that we need to protect every wetland left in the country as well as needing to create more. Mining will neither create permanent jobs nor pay for public services. It is a tiny part of the economy, mostly gold and coal and the gold will go offshore while leaving toxic waste behind. Coal is a greenhouse gas we must leave in the ground. It seems the plan is to shut out Te Tiriti, iwi and public participation in decisions and then set rules that facilitate vandalism towards fresh water and other habitat like wetlands, it is beyond stupid.'

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