OMF NZ Carbon Market Review

Weekly New Zealand carbon market intelligence report from broker OMFinancial. OMF's live carbon price service is here.

Profit-taking comes as no surprise

Friday - European carbon corrected overnight, with EUAs for December 2013 delivery closing down 9 cents to €4.41, OMFinancial reports.

Carbon prices continue Europe rally

7 Jun 13 - Carbon prices in the EU have continued their climb as permits have risen 2.1 per cent in value to close at seven-week highs, says OMFinancial.

NZUs at $2 good to collect

24 May 13 - OMFinancial reports a good supply of NZUs at present - in the vicinity of 200,000 spot at $2 and 100,000 May 2014 at $2.20.

Carbon markets must get ready to grow

17 May 13 - According to Reuters, the number of EUAs floating about in the European Carbon market doubled betwen 2011 and 2012.

Take the cash ... it's free

10 May 13 - EITEs would be wise to swap for Green ERUs all of the “free” NZUs coming to them in 2013 and 2014.

Interesting price action overnight

3 May 13 - December 2013 EUAs rallied €0.18 cents to settle at €3.09 overnight, in spite of German power hitting an eight-year low and other energy markets like oil weaker, OMFiancial reports.

Utilities buy ailing European carbon

19 Apr 13 - European carbon bounced overnight as utilities stepped into the market and took advantage of historically low prices, OMFinancial reports.

Why you should dump Green CERs

5 Apr 13 - The question has to be asked: How can a Green CER trade at €0.30+ cents when an ERU is sub €0.10 cents?

Europe vote edges closer

22 Mar 13 - Europe edges closer to the magic 245-vote backloading number, with Slovenia and Ireland indicating support bringing the number to 214, OMFinancial reports.

Price steady after overnight spike

15 Mar 13 - After a lack of support throughout the week, the December 2013 EUA - touching lows of €3.45 overnight - spiked up to €4.23 before settling at €3.70.

European market firms slightly

8 Mar 13 - The European market is left to hang as it waits for further back-loading news, OMFinancial reports.

Sell ... and put your money in the bank

1 Mar 13 - The recommendation for EITEs & Emitters holding NZUs now is to bank them and buy Green ERUs as replacement, says OMFinancial.

Can't get NZUs 'for love nor money'

22 Feb 13 - As it sits right now, you can surrender CP1 UN offsets for the next three emission years counting 2012, 2013 and 2014.

Carbon thumped overnight

15 Feb 13 - The local carbon market got smacked on the smell of an oily rag yesterday - thumped over 30 cents on 10,000 tonnes, to close at $2, OMFinancial reports.

EU party move leaves market in limbo

8 Feb 13 - The European market remains in limbo after news that the biggest EU party, the European People’s Party (EPP), is not likely to approve the back-loading proposal, says OMFinancial.

It's not all bad news from Europe

1 Feb 13 - European carbon markets trundled along sideways during their first session of the week, as no major change was recorded in spot CERs and ERUs, OMFinancial reports.

Market plunge gets the tongues wagging

25 Jan 13 - The major talking points this week are the massive market plunge in an already-volatile market which has been stirred up by rumour and political uncertainty, says John Davis of CF Partners in London.

European prices remain low

18 Jan 13 - Poor German economic data kept European carbon prices trundling along on their lows last night, OMFinancial reports.

The market waits...

14 Dec 12 - It was a mixed session overnight, with EUAs & ERUs down but CERs up, OMFinancial reports.