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Carbon market rallies but auction floor still out of reach

Fri 13 Feb 2026

Depositphotos
Image: Depositphotos

By Liz Kivi

The carbon market has rallied, with secondary market prices up more than 25% in the past two weeks, although current prices in the mid-$40s are still far below this year’s $71 auction floor, with the first auction of 2026 less than three weeks away.

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Story copyright © Carbon News 2026

Related Topics:   Agriculture Carbon Credits Carbon prices Emissions trading Forestry NZ ETS Politics

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CARBON PRICE

Fri 13 Feb 2026

Exclusively for subscribers, the Carbon News NZU Index tracks daily movements in the compliance carbon market across multiple trading platforms.

Climate Change Commission chair Dame Patsy Reddy with Climate Change Minister Simon Watts

Minister’s letters: Mildly positive or just virtue signalling?

5 Feb 2026

By Liz Kivi | The carbon market was buoyed slightly yesterday, after letters between the Government and the Climate Change Commission were proactively released.

Climate Change Minister Simon Watts

Govt looks to Commission for ways to shore up carbon price

4 Feb 2026

By Liz Kivi | The Government has asked the Climate Change Commission to look at lower auction volumes and an increase in the auction floor price as options to revive the Emissions Trading Scheme, as carbon prices remain weak.

Carbon News updates ten-year NZU forward curve

27 Jan 2026

Carbon News has updated its ten-year NZU forward curve, following a recent fall in carbon spot prices.

Why did NZUs fall a further $5 over the holiday period?

26 Jan 2026

By Liz Kivi | NZU prices dropped a further $5, or 14%, from an already weak base over the holiday period, with the carbon price falling to its lowest in five years in mid-January.

How wrong they were: NZU-holder poll

26 Jan 2026

By Pattrick Smellie | Just 6% of NZU-holders who answered a Ministry for the Environment poll last year anticipated a decrease in the price of a tonne of carbon in the NZ Emissions Trading Scheme.

Carbon News publishes ten-year NZU forward curve

10 Dec 2025

Carbon News has published a new ten-year NZU forward curve mapping how carbon prices could evolve through to 2035 under a range of policy and market conditions.

Another auction no-show

3 Dec 2025

Today’s carbon auction failed as predicted, with all this year’s Emissions Trading Scheme auctions failing to attract a single bidder.

Carbon auction tipped to be a non-event

2 Dec 2025

By Liz Kivi | Tomorrow’s Emissions Trading Scheme auction is all but certain to fail, with participants blaming the government for destroying confidence as NZUs continue to change hands on the secondary market at a 40% discount on the $68 auction floor.

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