Increased volatility as carbon price inches up towards auction floor

Friday - 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 24 - 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 24 - 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 24 - 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 24 - 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.

Carbon futures offer new opportunity for forest owners

1 Aug 24 - 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 24 - 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.

Govt must not lower ETS auction floor price

11 Jul 24 - 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...

Initial carbon trading boost following stockpile reduction

9 Jul 24 - 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...

Carbon credit ‘stockpile’ down by 25 million units

4 Jul 24 - 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...

Carbon market: auction floor now 'ceiling price'?

27 Jun 24 - 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”...

Carbon price up 20%

6 Jun 24 - 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 24 - 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 24 - 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 24 - 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 24 - 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...

Commodities trader Marex to start carbon trading in NZ

3 May 24 - 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 24 - 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 24 - 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.

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