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Forestry the source of all ETS risk, says top economist

15 Aug 2025

Parliamentary Commissioner for the Environment chief economist Geoff Simmons
Image: Geoff Simmons/LinkedIn
Parliamentary Commissioner for the Environment chief economist Geoff Simmons

By Shannon Morris-Williams

Forestry is the source of all of the risk in New Zealand's Emissions Trading Scheme and it's inevitable that the scheme has to be reformed, according to Parliamentary Commissioner for the Environment chief economist Geoff Simmons.

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Story copyright © Carbon News 2025

Related Topics:   Agriculture Carbon Credits Carbon prices Emissions trading Extreme weather Forestry Low carbon NZ ETS Paris Agreement Politics

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CARBON PRICE

Fri 20 Feb 2026

Exclusively for subscribers, the Carbon News NZU Index tracks daily movements in the compliance carbon market across multiple trading platforms.

Carbon price drops as volatility continues

Tue 17 Feb 2026

By Liz Kivi | The carbon market is still displaying extreme volatility, with prices dropping back to below $40 yesterday, after trading as high as $46.25 last week.

Carbon market rallies but auction floor still out of reach

13 Feb 2026

By Liz Kivi | The carbon market has rallied, with secondary market prices up more than 25% in the past two weeks, although current prices in the mid-$40s are still far below this year’s $71 auction floor, with the first auction of 2026 less than three weeks away.

Climate Change Commission chair Dame Patsy Reddy with Climate Change Minister Simon Watts

Minister’s letters: Mildly positive or just virtue signalling?

5 Feb 2026

By Liz Kivi | The carbon market was buoyed slightly yesterday, after letters between the Government and the Climate Change Commission were proactively released.

Climate Change Minister Simon Watts

Govt looks to Commission for ways to shore up carbon price

4 Feb 2026

By Liz Kivi | The Government has asked the Climate Change Commission to look at lower auction volumes and an increase in the auction floor price as options to revive the Emissions Trading Scheme, as carbon prices remain weak.

Carbon News updates ten-year NZU forward curve

27 Jan 2026

Carbon News has updated its ten-year NZU forward curve, following a recent fall in carbon spot prices.

Why did NZUs fall a further $5 over the holiday period?

26 Jan 2026

By Liz Kivi | NZU prices dropped a further $5, or 14%, from an already weak base over the holiday period, with the carbon price falling to its lowest in five years in mid-January.

How wrong they were: NZU-holder poll

26 Jan 2026

By Pattrick Smellie | Just 6% of NZU-holders who answered a Ministry for the Environment poll last year anticipated a decrease in the price of a tonne of carbon in the NZ Emissions Trading Scheme.

Carbon News publishes ten-year NZU forward curve

10 Dec 2025

Carbon News has published a new ten-year NZU forward curve mapping how carbon prices could evolve through to 2035 under a range of policy and market conditions.

Another auction no-show

3 Dec 2025

Today’s carbon auction failed as predicted, with all this year’s Emissions Trading Scheme auctions failing to attract a single bidder.

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