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.

MARKET LATEST: $64.03

Today 11:15am - The Carbon News NZU Index closed at $64.03 yesterday, a $0.02 increase on the previous day’s close.

MARKET LATEST: $64.01

Monday - The Carbon News NZU Index closed at $64.01 on Friday, a $0.01 decrease on the previous day’s close.

Waitangi Tribunal kicks off inquiry into climate change policy

Friday - By Liz Kivi | The Crown has contributed to worsening the climate crisis as well as exacerbating impacts on Māori communities, a Waitangi Tribunal panel heard this week.

MARKET LATEST: $64.02

Friday - The Carbon News NZU Index closed at $64.02 yesterday, up $0.01 on the previous day’s close.

Labour slams National Party’s lack of action on climate

Thursday - Labour leader Chris Hipkins has attacked the National Party’s recent performance on climate, saying National has given up on climate action.

MARKET LATEST: $64.01

Thursday - The Carbon News NZU Index closed at $64.01 yesterday, up $0.04 on the previous day’s close.

Investment lagging in climate action – report

27 Nov 24 - A new report looks at the barriers to investment at the core of the priorities of COP29.

MARKET LATEST: $63.97

27 Nov 24 - The Carbon News NZU Index closed at $63.97 yesterday, up $0.05 on the previous day’s close.

MARKET LATEST: $63.92

26 Nov 24 - The Carbon News NZU Index closed at $63.92 yesterday, up $0.02 on the previous day’s close.

United Nations carbon market rules agreed but concerns remain

25 Nov 24 - New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging...

Govt passes bill to keep farming emissions out of ETS

25 Nov 24 - The government quietly passed a bill to remove agricultural emissions from New Zealand's Emissions Trading Scheme on Friday, making no official statement announcing the law change.

MARKET LATEST: $63.90

25 Nov 24 - The Carbon News NZU Index closed at $63.90 on Friday, no change on the previous day’s close.

TEN YEARS AGO…

25 Nov 24 - Ten years ago, climate change lobby group The Sustainability Council called for a national carbon budget and legally binding emissions reduction targets.

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.

MARKET LATEST: $63.90

22 Nov 24 - The Carbon News NZU Index closed at $63.90 yesterday, up $0.02 on the previous day’s close.

Minister at fraught summit as NZ downgraded in global climate rankings

21 Nov 24 - Climate change minister Simon Watts reaffirmed his commitment to New Zealand’s emission reduction targets at the global climate summit at the same time as the country was downgraded in global climate...

Carbon tax best for lower emissions, economy – study

21 Nov 24 - A carbon tax is the most effective way for New Zealand to cut emissions while supporting a stable economy, according to a University of Auckland study.

MARKET LATEST: $63.88

21 Nov 24 - The Carbon News NZU Index closed at $63.88 yesterday, up $0.01 on the previous day’s close.

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