First climate change futures exchange going live in Canda
17 Mar 2008
The Montreal Climate Exchange (MCeX), a joint venture of the Montreal Exchange (MX) and the Chicago Climate Exchange(R) (CCX), announced it plans to launch trading of futures contracts on Canada carbon dioxide equivalent (CO2e) units on May 30, 2008, subject to regulatory approval.
President and CEO of MX and chair of MCeX Luc Bertrand said: "MCeX is moving quickly to launch the first exchange-traded carbon futures contract in Canada. We are enthusiastic about creating this new derivatives market and about the launch of trading."
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Carbon auction fails again
Wed 18 Jun 2025
By Liz Kivi | As predicted, today’s carbon auction failed to attract any bidders, with the secondary market languishing at nearly 20% below the minimum auction price.
Carbon auction odds-on to fail
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By Liz Kivi | The carbon price has rallied slightly in recent weeks, however with secondary market prices still hovering around the $57 mark, well below this year’s $68 auction floor price, next week’s Emissions Trading Scheme auction looks set to fail.
Forecast points to a significant drop in NZU stockpile in 2026
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By Clive Bradbury | ANALYSIS: The Crown’s latest forecasts of supply and demand suggest we could see a significant drop in the NZU stockpile in 2026, with uncertainty around forestry playing a large part in the equation.
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The carbon price has recovered somewhat as forestry selling eases, however NZUs are still changing hands on the secondary market at well below the $68 auction floor.
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The Climate Change Commission's recommendation to increase carbon auction volumes risks undermining market confidence, distorting price discovery, and weakening the Emission Trading Scheme's core function, according to Marex.
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The Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings is lacking important information, and fails to take into account the commission’s own advice to update the country’s climate targets, says an expert.
Carbon price slumps for fourth week in a row
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Carbon prices on the secondary market dropped for the fourth consecutive week last week, with NZUs changing hands at $20 below this year’s auction floor price of $68.
Commission’s plan to increase ETS auction units could lead to lower prices
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Experts are criticising the Climate Change Commission’s proposal to increase the amount of carbon units available at auction, while the market is still plagued by low prices and seems oversupplied.
Moribund carbon price underlines Emissions Trading Scheme’s low integrity
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By Liz Kivi | Experts are blaming declining carbon prices on weak policy settings and the government’s unwillingness to tackle continuing problems with the Emissions Trading Scheme.
Carbon price nosedives
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The carbon price graph dropped off a cliff yesterday, down 6% overnight to a ten-month low amidst continued selling from forest owners.
