Minister’s letters: Mildly positive or just virtue signalling?
Today 11:45am
By Liz Kivi
The carbon market was buoyed slightly yesterday, after letters between the Government and the Climate Change Commission were proactively released.
Story copyright © Carbon News 2026
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?
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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.
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.
Carbon price’s dead cat bounce
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By Liz Kivi | The carbon price rebounded briefly in what looked like a ‘dead cat bounce’ last week, following the Government’s announcement it was unlinking the Emissions Trading Scheme from international climate targets.
Another hit to market as Govt uncouples ETS from international climate target
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By Liz Kivi | The Government’s surprise move to break the connection between the Emissions Trading Scheme and New Zealand’s Paris Agreement climate target is a brutal hit to confidence in an already moribund market.
‘Plain old dull’: NZU market continues to limp sideways
24 Oct 2025
By Liz Kivi | The NZU market has been “plain old dull” in recent months, with activity driven mainly by credit opportunities or a specific need to raise cash, according to Lizzie Chambers of trading platform Carbon Match.
Will govt’s light touch approach lead to higher carbon prices?
3 Oct 2025
By Liz Kivi | Carbon market watchers are hoping the government’s plan for the electricity sector will eventually lead to higher carbon prices, with the secondary market still trading sideways for the longest time in its history.
Carbon price steady after failed quarterly auction
16 Sep 2025
By Liz Kivi | The carbon price has continued to trade in its familiar moribund range in the high $50s following last week’s failed quarterly auction, with ample supply still trading on the secondary market at about $10 below this year’s $68 auction floor.
Carbon market still weak despite govt confirming tighter auction supply
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By Liz Kivi | The government’s commitment to keeping Emissions Trading Scheme auction volumes tight to 2030 has done little to buoy carbon prices, with an underwhelming response from the market following last week’s announcement.
