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POLITICS: Caution and confusion rules

Friday - By ADELIA HALLETT | This week’s political action has seen carbon prices surging forward again.

TEN YEARS AGO >

Friday - Ten years ago, Federated Farmers was predicting sheep farmers would, collectively, have to sell another 4.7 million lambs to cover the cost of coming into the Emissions Trading Scheme, which was supposed to happen in 2013. Legislation now before Parliament will, if passed, see it finally happen in 2025 if the agricultural sectors hasn’t negotiated another carbon pricing regime in the meantime.

WHAT YOU NEED TO KNOW >

Friday - Today, the Bioenergy Association holds a webinar on switching heating in schools from boilers burning fossil fuels to wood pellets, while the Sustainable Business Council has a session on preparing for the “new normal”.

Carbon prices continue the good-news climb

Thursday - Carbon prices jumped another $2 yesterday as the market continued to react to Tuesday’s announcements about the Emissions Trading Scheme.

MARKET LATEST: NZUs $28.00

Thursday - Spot NZUs opened at $27.00 bid and $28.25 offered on the CommTrade platform this morning, after last fixing at $28.00.

TEN YEARS AGO >>

Thursday - Ten years ago, a dairy farmer diversifying into carbon was telling Federated Farmers to stop “huffing and puffing” about the Emissions Trading Scheme.

WHAT YOU SHOULD KNOW >>

Thursday - Parliament takes a break today from discussing climate change, with the third reading of the Emissions Trading Scheme reform bill and the committee stage of the Resource Management Act reform too low on the order paper to get an airing.


Shaw sings songs of praise for trading scheme

James Shaw

Wednesday - Climate minister James Shaw – who three years ago was calling for the Emissions Trading Scheme to be scrapped – was singing its praises in Parliament yesterday.

Prices jump a dollar on fixed-price news

Wednesday - Carbon prices jumped a dollar yesterday on the back of confirmation the fixed-price option will move to $35 this year.

Govt opposed ClimCom in cash-or-credits case

Wednesday - The Government went against the advice of its own Climate Change Commission in allowing companies to continue to pay money instead of surrendering carbon credits to atone for their greenhouse gas...

MARKET LATEST: NZUs $26.00

Wednesday - Spot NZUs opened at $25.20 bid and $27.00 offered on the CommTrade platform this morning, after last fixing at $26.00.

TEN YEARS AGO >

Wednesday - Ten years ago, Gull was optimistic about the future of the New Zealand biofuels industry – to the extent of considering investing.

WHAT YOU NEEED TO KNOW >

Wednesday - Parliament sits today and tomorrow, with the Resource Management Amendment Bill due for its second reading and reforms to the Emissions Trading Scheme about to go through the committee of the House...

Effective carbon price-cap will hit $35 this year

Tuesday - The effective price cap on carbon prices in New Zealand will go to $35 this year.

Biofuel could pull trucks into line, say officials

Tuesday - New Zealand could cut its greenhouse gas emissions immediately by using more biofuels in trucks, officials say.

TEN YEARS AGO >

Tuesday - Ten years ago, investors were starting to buy forestry blocks as interest in the Emissions Trading Scheme started to build.

WHAT YOU SHOULD KNOW >

Tuesday - Changes to the Emissions Trading Scheme are expected to have their second reading in Parliament today.

Shaw pushes hard for climate risk reporting

James Shaw

29 May 20 - The Government is talking to the External Reporting Board about developing the system for compulsory disclosure of climate risk to businesses.

POLITICS: Carbon pricing plans about due

29 May 20 - Whether the Government will go ahead with plans to lift the maximum carbon price this year could become clear next week.


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