Carbon News - Intelligence for the carbon market

New Zealand

Carbon market ‘underwhelmed’ by govt climate plan

Wednesday - 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 building back confidence in the market.

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 accounts.

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 figures.

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” which secondary market trading will stay below.

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.

Carbon price nosedives following auction

21 Mar 24 - By Liz Kivi | The carbon price has dropped to its lowest since July last year, following yesterday’s partial auction clearance.

First ETS auction of the year partially clears

20 Mar 24 - Today’s Emissions Trading Scheme auction has partially cleared.

Carbon price scraping the auction floor just ahead of Wednesday's auction

18 Mar 24 - The carbon price is at its lowest in nearly six months, with poor investor sentiment just ahead of the first auction of the year on Wednesday.

Govt changes ETS reserve price methodology ahead of auction

11 Mar 24 - The government has announced it has changed the methodology used to calculate the confidential reserve price for Emissions Trading Scheme auctions, as the NZU price gains ground in recent days.

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...


More in the New Zealand Archive

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Government upgrading Lower North Island commuter rail

Thursday - Media release | The Coalition Government is investing $802.9 million into the...

New electric buses for Canterbury

Wednesday - Media release | Canterbury Regional Council is celebrating its 21 newest...

Tiwai increases demand response

Tuesday - Media release | New Zealand Aluminium Smelter (NZAS) will reduce its...

Climate change minister to attend climate action meeting in China

Monday - Media release | Climate change minister Simon Watts travelled to China on...

Green climate fund approves US$22.6 million for Tonga coastal resilience project

19 Jul 24 - Media release | The Green Climate Fund (GCF) Board has approved a US$22.66...

ICNZ urges bold action on climate adaptation

17 Jul 24 - Media release | The Insurance Council of New Zealand Te Kāhui Inihua o...

EDS launches recommendations for Climate Adaptation Act

12 Jul 24 - Media release | The Environmental Defence Society has launched the final report...

Oceanic and coastal water temperatures highest recorded

10 Jul 24 - Media release | Between 2022 and 2023, oceanic and coastal waters around...

Climate change is making scientists reassess what is "normal"

4 Jul 24 - Media release | NIWA has completed a major project to analyse how New Zealand’s...

Contact to develop a grid-scale 100 MW battery in Auckland

3 Jul 24 - Media release | Contact Energy has answered calls for more energy storage by...

EQC becomes Natural Hazards Commission under new legislation

2 Jul 24 - Media release | The Earthquake Commission (EQC) has today become the Natural...

Report urges broader focus beyond household food waste

1 Jul 24 - Media release | The Prime Minister's Chief Science Advisor (PMCSA), Dame Juliet...

Cookstove projects on hold as Verra investigates allegations

27 Jun 24 - Media release | Verra has been informed of allegations concerning actions by...

Wellington region's new low carbon transport strategy

26 Jun 24 - Media release | A new strategy released by Greater Wellington sets out a...

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