Carbon News - Intelligence for the carbon market

New Zealand

Carbon price dips closer to auction floor

23 Feb 24 - By Liz Kivi | The carbon price has dipped closer to the auction floor, with an increase in selling blamed on an overall weakness in the market.

Carbon price drops below $70 with March auction just a month away

21 Feb 24 - NZUs sank into the sixties on the secondary market at the end of last week, with speculation surrounding whether the government will adjust the confidential reserve price to raise revenue at next month’s auction.

Carbon price trending upwards

1 Feb 24 - The carbon price is up more than $5 on the secondary market since the start of last week, making a jump of nearly 9%.

Carbon price down following declined auction

7 Dec 23 - The carbon price is down following yesterday’s failed auction, which sent 15 million NZUs out of the ETS for good.

Fourth consecutive carbon auction failure sends 15 million carbon units up in smoke

6 Dec 23 - The final ETS carbon auction of the year has failed, taking 15 million tonnes worth of carbon “pollution permits” out of the market - and a potential $1 billion out of the government’s coffers.

Carbon price up ahead of auction next week

1 Dec 23 - The carbon price is up to just under $75 ahead of the Emissions Trade Scheme auction on Wednesday next week.

Scrutiny on global voluntary carbon market and changes to ETS led to Toitū dropping NZUs

1 Dec 23 - By Ann Smith | OPINION: Toitū’s decision last week to transition away from accepting New Zealand carbon credits brought the global voluntary carbon market, and debates about its integrity, into sharp focus.


Carbon price steady amidst political uncertainty

16 Nov 23 - The carbon price has pushed through the $70 mark over the last past two months, from a low of $64 in late September to a high last week of $71.25.

Carbon price predicted to go close to $100 in 2024

8 Nov 23 - An expert is picking a bump in the carbon price if the December auction doesn’t clear, predicting it will to go up to between $80 and $100 next year - with an expectation it will be closer to $100.

NZX updates ETS auction calendars

13 Oct 23 - NZX has updated the Emissions Trading Scheme auction calendars, with new settings in line with Climate Change Commission recommendations.

FMA publishes final climate related disclosures guidance

5 Oct 23 - The Financial Markets Authority has published its final guidance for Climate Reporting Entities on meeting their record keeping obligations.

NZUs drop again

19 Sep 23 - The price of NZUs has dipped again, down $4 from $73 last week.

Carbon price hovers around $73

13 Sep 23 - The NZU price is up $2 since early last week, with a price bump both before and after last week’s auction.

Third consecutive ETS auction fails

6 Sep 23 - Today’s ETS auction has been declined because the clearing price did not meet the minimum price settings, with no winning bids as a result - and an increasing likelihood that the December auction...

Carbon price up ahead of Wednesday auction

4 Sep 23 - The carbon price pushed through the $70 mark at the end of last week, last fixing at $71 on Commtrade on Friday. It has climbed $6 in the past two weeks to its highest point since February - more...

Concerns around NZU reporting

1 Sep 23 - Emissions Trading Scheme participants are calling for better accuracy and transparency in NZU movement reporting, after two reporting glitches have led to serious questions.

Secondary carbon market “pops” to 5-month high, ETS announcement later today

22 Aug 23 - The NZU price hit a 5-month high late last week, trading as high as $66.50 on Friday - up 10% for the week.

Tender for forestry NZUs

9 Aug 23 - An unnamed buyer is in the market for a “significant volume” of forestry NZUs through a tender process.

Carbon price fluctuates with potential for more volatility

2 Aug 23 - It’s been a big week for NZUs on the secondary market, with the price rising almost $18 to $65 on Wednesday last week, hovering around $60 for several days, but then dipping below the $60 mark.


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