Auction preview: experts predict partial clearance tomorrow

Today 11:15am - 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 24 - 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 24 - 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 24 - 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.

What should carbon offsets really cost?

7 Nov 24 - By Jamie Heather | COMMENT: Today’s carbon prices would seem absurd in any other context.

Stockpile and forestry set to drive carbon price

23 Oct 24 - 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 24 - 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...

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...

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...

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.

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