FRIDAY POLITICS: A potentially costly hole in the Government's carbon-auctioning plan

Friday - Green Party co-leader James Shaw is still in the running to retain his role as the country’s climate minister – but that might mean clearing up a bit of a mess of his own making.

MARKET LATEST: NZUs $35.15

Friday - Spot NZUs opened at $35.05 bid and $35.30 offered on CommTrade this morning, after last fixing at $35.15.

NZX wants 'efficient' links to secondary market

Thursday - The Government’s new carbon-auctioning site could be connected to platforms in the secondary market.

MARKET LATEST: NZUs $35.05

Thursday - Spot NZUs opened at $35.05 bid and $35.20 offered this morning, after last fixing at $35.05.

First deal done under Paris Agreement to offset emissions

Thursday - Switzerland has struck a carbon offsetting agreement with Peru, in what the two nations say is the first deal of its kind under Article 6 of the Paris agreement.

TEN YEARS AGO...

Thursday - Ten years ago, fishing company Sealord was negotiating with fish-quota holders for a share of more than 145,000 free carbon credits.

MARKET LATEST: NZUs $35.05

Wednesday - Spot NZUs opened at $35.05 bid and $35.15 offered on CommTrade this morning, after last fixing at $35.05.

Election has little impact on carbon markets

Tuesday - Carbon markets have barely reacted to the general election, which returned Labour to power with an absolutely majority and arguably an endorsement of its actions on climate change.

MARKET LATEST: NZUs $34.95

Tuesday - Spot NZUs opened at $34.90 bid and $35 offered on CommTrade this morning, after last fixing at $34.95.

MARKET LATEST: NZUs $34.95

Monday - Spot NZUs opened at $34.90 bid and $35 offered on CommTrade this morning, after last fixing at $34.95.

Delivering credit for carbon storage

Monday - In 1915, Mike Gibbs’ ancestors made their way from the flat, agricultural plains of Southland to the wild, steep, forested edge of Eastern Fiordland.

TEN YEARS AGO...

Monday - Ten years ago, the owners of forests planted before 1990 were about to receive their share of millions of carbon credits.

MARKET LATEST: NZUs $34.95

16 Oct 20 - Spot NZUs opened at $34.90 bid and $35 offered on CommTrade this morning, after last fixing at $34.95.

TEN YEARS AGO...

16 Oct 20 - Ten years ago, Carbon News used the Official Information Act to get information about just who was being given free carbon credits.

National releases its climate policy - at last

15 Oct 20 - Forestry's role under the Emissions Trading Scheme would be reviewed under a National Government and agricultural emissions would not face a carbon price until other countries do the same.

MARKET LATEST: NZUs $34.95

15 Oct 20 - Spot NZUs opened at $34.90 bid and $35 offered on CommTrade this morning, after last fixing $34.95.

TEN YEARS AGO...

15 Oct 20 - Ten years ago, spot NZUs hit $20 for the first time.

MARKET LATEST: NZUs $35.02

13 Oct 20 - Spot NZUs have risen above the $35 fixed-price option again, opening on CommTrade this morning at $34.80 bid and $35.20, after last fixing at $35.02.

MARKET LATEST: NZUs $34.85

12 Oct 20 - Spot NZUs opened at $34.80 bid and $34.95 offered on CommTrade this morning, after last fixing at $34.85.

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