Markets: Analysis
Greens call for agriculture in, forestry out of ETS
Thu 20 Mar 2025
Yesterday's failed Emission's Trading Scheme auction is 'another indictment' on the government's climate credibility, says Green Party co-leader and climate change spokesperson Chloe Swarbrick.
First ETS auction of the year fails
Wed 19 Mar 2025
The first Emissions Trading Scheme auction of 2025 has failed to sell any 'pollution permits,' with all 1.5 million NZUs rolling over to the June auction.
Tomorrow's ETS auction likely 'non-event'
Tue 18 Mar 2025
The spot price in the compliance carbon market dropped even further at the end of last week, with market watchers predicting that tomorrow's auction is odds-on to sell nothing.
What next for carbon prices?
12 Mar 2025
NZUs are still hovering well below the auction price floor, with collateral due to be lodged by today for participants in the first Emissions Trading Scheme auction of 2025, on March 19.
Carbon auction unlikely to clear as spot price drops
11 Mar 2025
The carbon price on the spot market has dropped to its lowest level since December, with the first ETS auction of the year less than a week away now unlikely to sell any units at all.
Updates to ETS auction collateral methodology
27 Feb 2025
The Government has updated the NZ ETS Auctions collateral methodology effective from 19 March 2025.
Will March's carbon auction clear?
24 Feb 2025
With carbon prices on the secondary market trading in a tight range below the minimum auction price, it seems increasingly unlikely that March's Emissions Trading Scheme auction will clear.
Secondary market remains flat as carbon auction approaches
14 Feb 2025
With the first carbon auction of the year just over a month away, one broker is predicting trading will continue at prices below this year's $68 auction floor price.
Carbon price up - but still too low to drive decarbonisation
24 Jan 2025
Carbon prices on the secondary market went above the $64 mark yesterday for the first time since December’s partial auction clearance.
Emissions trading scheme surplus over-estimated, says EY
20 Dec 2024
The emissions trading scheme has about 22% fewer surplus units than government figures suggest, according to a new report.
What should carbon offsets really cost?
20 Dec 2024
By Jamie Heather | COMMENT: Today’s carbon prices would seem absurd in any other context.
Carbon market heading towards increased price tension?
17 Dec 2024
The carbon price has made a partial recovery, as new analysis shows greater tension in New Zealand's emissions trading scheme than current prices suggest.
Carbon price dips as dust settles after auction
10 Dec 2024
The carbon price has taken a dive since last week’s auction, down more than 6% on last week’s auction price.
Carbon price steady following partial auction clearance
5 Dec 2024
The carbon price stayed steady on the secondary market following yesterday’s partial auction clearance, where 7 million NZUs went unsold.
Final auction of the year partially clears
4 Dec 2024
More than 7 million pollution permits will fail to enter the register this year, with just under half of a possible 14.1 million units selling across all the Emissions Trading Scheme carbon auctions this year.
Auction preview: experts predict partial clearance tomorrow
3 Dec 2024
The secondary carbon market is trading just above the $64 auction floor, as tomorrow’s highly anticipated auction looms - the fourth and final of 2024.
Partial clearance possible at December auction
22 Nov 2024
The carbon price is hitting up against the $64 auction floor on the secondary market, with the government’s final quarterly auction for the year now less than two weeks away.
Carbon price predicted to rise after upcoming auction
14 Nov 2024
OPINION: Are NZUs set for a bump after the December auction? Nigel Brunel, managing director Marex New Zealand, thinks so.
Carbon price inching up as auction looms
7 Nov 2024
The carbon price is still inching up towards the auction floor, with the final auction for 2024 less than a month away. But the US election result means uncertain times for global environmental markets, according to an expert.
Verra’s plan to review carbon credits faster with fewer staff raises integrity concerns
4 Nov 2024
Verra’s new CEO said that “faster does not equal to compromise on integrity” – but independent carbon market experts are sceptical.
Stockpile and forestry set to drive carbon price
23 Oct 2024
Stockpile holders will have the power to set the NZU price in future, as the importance of the government’s carbon auctions wanes, Emissions Trading Scheme participants were told last week.
Increased volatility as carbon price inches up towards auction floor
11 Oct 2024
The secondary carbon market saw a slight increase in volatility last week, with carbon trading platform Jarden noting higher volumes above the $62 mark.
Market looks to tomorrow’s carbon auction
3 Sep 2024
The carbon price crept up last week, as the market had its second-biggest month of traded volume ahead of tomorrow’s auction, with some commentators saying it’s a done deal that the auction will fail.
Reported emissions down, carbon market up
28 Aug 2024
The Environmental Protection Authority published the latest Emissions Trading Scheme data on emissions and removals earlier this month, with reported emissions down overall, while reported removals increased.
Carbon market buoyed by ETS settings announcement
21 Aug 2024
The carbon price shot up yesterday, following the government’s announcement it would reduce auction supply of carbon credits by more than half.
Govt slashes ETS auction volumes
20 Aug 2024
The government has slashed Emissions Trading Scheme auction volumes from next year, following the Climate Change Commission’s advice to reduce the amount of units on offer at auction by more than half.
NZAS agrees further reductions to help ease energy constraint
20 Aug 2024
Media Release | New Zealand’s Aluminium Smelter (NZAS) at Tiwai has agreed to reduce electricity consumption by another 20 megawatts (MW) to further help New Zealand’s national grid, as the energy squeeze continues.
Carbon futures offer new opportunity for forest owners
1 Aug 2024
By Liz Kivi | The first few days of trade for Australian and New Zealand carbon futures contracts on the Australian Securities Exchange got off to a slow start since launching on Monday.
Carbon market ‘underwhelmed’ by govt climate plan
24 Jul 2024
The carbon market barely blinked last week when the coalition government released its major climate policy, the second emissions reduction plan, which is intended to chart a path to reach climate targets to 2030.
Jarden launches commtrade platform in Australia
16 Jul 2024
Jarden is launching its renewables trading platform in Australia, looking to grow carbon credits trading as the energy transition continues.
Govt must not lower ETS auction floor price
11 Jul 2024
By Nigel Brunel | OPINION: The coalition government has undermined confidence in our central mechanism to deal with climate change, the Emissions Trading Scheme, and needs to stop meddling and start building back confidence in the market.
Initial carbon trading boost following stockpile reduction
9 Jul 2024
There was an initial “flurry” of carbon units trading hands on the secondary market last week, following a government update revealing a 25 million decrease in the stockpile of units in private accounts.
Carbon credit ‘stockpile’ down by 25 million units
4 Jul 2024
The NZU ‘stockpile’ has shrunk by 24.5 million NZUs, with emitters surrendering their units ahead of the May 31 deadline removing a hefty chunk of the surplus, according to the latest government figures.
Carbon market: auction floor now 'ceiling price'?
27 Jun 2024
By Liz Kivi | The price of NZUs has hovered around the $50 mark following last week’s failed auction, with some experts saying the auction floor price of $64 now represents a kind of “ceiling price” which secondary market trading will stay below.
Carbon price up 20%
6 Jun 2024
The NZU price has jumped more than 20%, up from about $45 early last week, last fixing at $56 on the Commtrade platform this morning.
Govt blamed for low carbon price
22 May 2024
By Liz Kivi | The carbon price hit a ten-month low on the secondary market on Monday, with NZUs trading at about half the price of the commodity’s all-time high of $88.50 in November 2022.
ETS consultation: ‘signal versus noise’ suggests eventual price rise
21 May 2024
By Murray McClintock | COMMENT: Although changing prices makes a good soundbite, the key driver of ETS prices is unit supply and demand.
Carbon price sinks to lowest in ten months
20 May 2024
The carbon price is down nearly 11% since last week, as the market reacts negatively to a government consultation suggesting weaker ETS settings.
Jury out on how ETS consultation will impact carbon market
16 May 2024
The government’s latest consultation on Emissions Trading Scheme settings will be difficult for the market to translate into clear positive or negative signals - with uncertainty remaining around forestry, according to an expert.
Commodities trader Marex to start carbon trading in NZ
3 May 2024
British commodities trader Marex is planning to launch a new carbon trading platform in New Zealand in the next few weeks.
Lack of policy direction to blame for low carbon price?
11 Apr 2024
The carbon price continued its post-auction slump, with weak demand seeing the secondary market trading well below the auction floor.
Carbon price makes partial recovery
25 Mar 2024
The carbon price has increased slightly from an eight-month low on Wednesday, following the government’s Emissions Trading Scheme auction, but is still trading well below the auction floor.
Carbon price nosedives following auction
21 Mar 2024
By Liz Kivi | The carbon price has dropped to its lowest since July last year, following yesterday’s partial auction clearance.
First ETS auction of the year partially clears
20 Mar 2024
Today’s Emissions Trading Scheme auction has partially cleared.
Carbon price scraping the auction floor just ahead of Wednesday's auction
18 Mar 2024
The carbon price is at its lowest in nearly six months, with poor investor sentiment just ahead of the first auction of the year on Wednesday.
Govt changes ETS reserve price methodology ahead of auction
11 Mar 2024
The government has announced it has changed the methodology used to calculate the confidential reserve price for Emissions Trading Scheme auctions, as the NZU price gains ground in recent days.
Carbon price dips closer to auction floor
23 Feb 2024
By Liz Kivi | The carbon price has dipped closer to the auction floor, with an increase in selling blamed on an overall weakness in the market.
Carbon price drops below $70 with March auction just a month away
21 Feb 2024
NZUs sank into the sixties on the secondary market at the end of last week, with speculation surrounding whether the government will adjust the confidential reserve price to raise revenue at next month’s auction.
Carbon price trending upwards
1 Feb 2024
The carbon price is up more than $5 on the secondary market since the start of last week, making a jump of nearly 9%.
Carbon price down following declined auction
7 Dec 2023
The carbon price is down following yesterday’s failed auction, which sent 15 million NZUs out of the ETS for good.
NZ, India touch on climate and energy at leaders' meeting
Tue 18 Mar 2025
Prime Minister Christopher Luxon and Indian Prime Minister Narendra Modi detailed plans for further cooperation between the two countries across a range of areas including climate and energy during their meeting in New Delhi this week.
If NZ wants to decarbonise energy, we need to know which renewables deliver the best payback
Fri 21 Mar 2025
By Alan Brent and Isabella Pimentel Pincelli | A national energy strategy for Aotearoa New Zealand was meant to be ready at the end of last year. As it stands, we're still waiting for a cohesive, all-encompassing plan to meet the country's energy demand today and in the future.
Fonterra linked to illegal deforestation, claims Greenpeace
5 Mar 2025
Dairy giant Fonterra's supply chain is linked with illegal deforestation, according to Greenpeace Aotearoa, after New Zealand's major importers of palm kernel have been found to be illegally operating palm plantations in Indonesia.
Consultation on standard for measuring biogas and biomethane carbon intensity
19 Feb 2025
As biomethane and biogas become more common, New Zealand needs a consistent approach to measuring the carbon intensity of these fuels, according to the Bioenergy Association.
Logging train revival to help 'deteriorating' Napier-Taihape road
29 Jan 2025
By Linda Hall, Local Democracy Reporter | Logging trains are back on the tracks running five days a week on the Napier-Palmerston North line to Napier Port, taking trucks off the 'deteriorating' Napier-Taihape Rd.
Carbon credit deal to provide windfall for Maori landowners
Fri 21 Mar 2025
By Moana Ellis, Local Democracy Reporting | An isolated Maori Land Trust in the central North Island has sealed a groundbreaking carbon credit deal, securing millions for its 4000 owners and tens of thousands of beneficiaries.
Greenpeace accuses govt of weakening environmental protections to gain trade advantage
13 Mar 2025
The government's Infrastructure Investment Summit kicked off today, with Prime Minister Christopher Luxon opening the summit with a clear message - "New Zealand is open for business".
