Topics tagged with 'Carbon prices'
Carbon price up but June auction still tipped to fail
Thu 15 May 2025
The carbon price has recovered somewhat as forestry selling eases, however NZUs are still changing hands on the secondary market at well below the $68 auction floor.
Greens promise to rapidly reduce emissions in new Green Budget
Wed 14 May 2025
By Shannon Williams | The Green Party has unveiled its alternative Green Budget, promising bold investments to tackle the climate crisis and deliver cleaner air, water, and soil.
Experts question Climate Commission’s advice
30 Apr 2025
The Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings is lacking important information, and fails to take into account the commission’s own advice to update the country’s climate targets, says an expert.
Carbon price slumps for fourth week in a row
29 Apr 2025
Carbon prices on the secondary market dropped for the fourth consecutive week last week, with NZUs changing hands at $20 below this year’s auction floor price of $68.
Commission’s plan to increase ETS auction units could lead to lower prices
24 Apr 2025
Experts are criticising the Climate Change Commission’s proposal to increase the amount of carbon units available at auction, while the market is still plagued by low prices and seems oversupplied.
Moribund carbon price underlines Emissions Trading Scheme’s low integrity
22 Apr 2025
By Liz Kivi | Experts are blaming declining carbon prices on weak policy settings and the government’s unwillingness to tackle continuing problems with the Emissions Trading Scheme.
Carbon price nosedives
16 Apr 2025
The carbon price graph dropped off a cliff yesterday, down 6% overnight to a ten-month low amidst continued selling from forest owners.
ETS surplus volume likely to be reducing too slowly - new analysis
14 Apr 2025
Excess carbon units in the Emissions Trading Scheme - the ‘surplus’ in privately held accounts - look to be reducing more slowly than the Climate Change Commission's targeted annual reductions, according to new analysis.
Experts slam govt decision to wind down green investment bank
9 Apr 2025
The government’s move to scrap its green investment bank is a step backwards for emissions reductions and doesn’t stack up with the National Party’s economic and energy transition strategies, according to sustainable finance experts.
ETS stockpile up nearly 7 million
8 Apr 2025
The stockpile of privately held Emissions Trading Scheme pollution permits increased 6.7 million to 157.1 million units in the three months to March 31, according to figures released by the Environmental Protection Authority yesterday.
Carbon market increasingly volatile
1 Apr 2025
Last week was 2025’s most volatile so far for the carbon market, with units changing hands below $60 all week, and even trading down to the low $50s.
Govt releases detail on ETS forestry restrictions
28 Mar 2025
The government has released more detail on new restrictions for farm conversions to exotic forestry in the Emissions Trading Scheme (ETS), which foresters say will prevent another planting boom.
Greens call for agriculture in, forestry out of ETS
20 Mar 2025
Yesterday's failed Emission's Trading Scheme auction is 'another indictment' on the government's climate credibility, says Green Party co-leader and climate change spokesperson Chloe Swarbrick.
First ETS auction of the year fails
19 Mar 2025
The first Emissions Trading Scheme auction of 2025 has failed to sell any 'pollution permits,' with all 1.5 million NZUs rolling over to the June auction.
Tomorrow's ETS auction likely 'non-event'
18 Mar 2025
The spot price in the compliance carbon market dropped even further at the end of last week, with market watchers predicting that tomorrow's auction is odds-on to sell nothing.
UK carbon prices surge as minister talks about EU market linkage
14 Mar 2025
UK carbon futures jumped on Wednesday after a Treasury minister said the government would consider linking the country's emissions market to the European Union's system.
What next for carbon prices?
12 Mar 2025
NZUs are still hovering well below the auction price floor, with collateral due to be lodged by today for participants in the first Emissions Trading Scheme auction of 2025, on March 19.
Carbon auction unlikely to clear as spot price drops
11 Mar 2025
The carbon price on the spot market has dropped to its lowest level since December, with the first ETS auction of the year less than a week away now unlikely to sell any units at all.
EU carbon market on course for highest CO2 price in the world by 2030: report
11 Mar 2025
Media release | LONDON: Europe's new Emissions Trading System is expected to have the world's highest carbon price in 2030 at 149EU, BloombergNEF forecast reveals.
Will March's carbon auction clear?
24 Feb 2025
With carbon prices on the secondary market trading in a tight range below the minimum auction price, it seems increasingly unlikely that March's Emissions Trading Scheme auction will clear.
Secondary market remains flat as carbon auction approaches
14 Feb 2025
With the first carbon auction of the year just over a month away, one broker is predicting trading will continue at prices below this year's $68 auction floor price.
Carbon price up - but still too low to drive decarbonisation
24 Jan 2025
Carbon prices on the secondary market went above the $64 mark yesterday for the first time since December’s partial auction clearance.
Emissions trading scheme surplus over-estimated, says EY
20 Dec 2024
The emissions trading scheme has about 22% fewer surplus units than government figures suggest, according to a new report.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
What should carbon offsets really cost?
20 Dec 2024
By Jamie Heather | COMMENT: Today’s carbon prices would seem absurd in any other context.
Carbon market heading towards increased price tension?
17 Dec 2024
The carbon price has made a partial recovery, as new analysis shows greater tension in New Zealand's emissions trading scheme than current prices suggest.
Carbon price dips as dust settles after auction
10 Dec 2024
The carbon price has taken a dive since last week’s auction, down more than 6% on last week’s auction price.
Carbon price steady following partial auction clearance
5 Dec 2024
The carbon price stayed steady on the secondary market following yesterday’s partial auction clearance, where 7 million NZUs went unsold.
Final auction of the year partially clears
4 Dec 2024
More than 7 million pollution permits will fail to enter the register this year, with just under half of a possible 14.1 million units selling across all the Emissions Trading Scheme carbon auctions this year.
Auction preview: experts predict partial clearance tomorrow
3 Dec 2024
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.
Investment lagging in climate action – report
27 Nov 2024
A new report looks at the barriers to investment at the core of the priorities of COP29.
Partial clearance possible at December auction
22 Nov 2024
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 2024
OPINION: Are NZUs set for a bump after the December auction? Nigel Brunel, managing director Marex New Zealand, thinks so.
Constraints on forestry set to slash unit supply
8 Nov 2024
COMMENT: Carbon unit supply from forestry looks set to be limited by multiple factors - and by 2040 NZUs from new forestry are likely to fulfill only a fraction of demand, writes Ollie Batelier-Belton.
Carbon price inching up as auction looms
7 Nov 2024
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.
Upcoming auction pivotal for carbon market
29 Oct 2024
With the final carbon auction of the year less than six weeks away, experts are watching keenly to see if any carbon units are likely to enter the market at auction.
Stockpile and forestry set to drive carbon price
23 Oct 2024
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.
Govt finances still don’t recognise climate liability
17 Oct 2024
Treasury has failed to recognise a liability for New Zealand’s international climate commitments in its latest financial statement, with its position unchanged on the multibillion dollar price tag of purchasing offshore mitigation.
Increased volatility as carbon price inches up towards auction floor
11 Oct 2024
The secondary carbon market saw a slight increase in volatility last week, with carbon trading platform Jarden noting higher volumes above the $62 mark.
Carbon price steady following failed auction
5 Sep 2024
The carbon price on the secondary market stayed steady yesterday following the failed quarterly auction, for which no bidders fronted.
Carbon auction fails again
4 Sep 2024
The September carbon auction has failed, with no bidders fronting at the auction and millions of units now rolling over to the December auction, increasing the likelihood that auction will fail as well.
Market looks to tomorrow’s carbon auction
3 Sep 2024
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.
Price shocks still possible for carbon market: experts
30 Aug 2024
While the government’s move to slash carbon auction volumes has stabilised New Zealand’s compliance carbon market somewhat, experts say there is still potential for market volatility due to wider uncertainty around climate policy.
Reported emissions down, carbon market up
28 Aug 2024
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.
Govt slashes ETS auction volumes
20 Aug 2024
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 market plays waiting game with ETS announcement to come
9 Aug 2024
The carbon price stayed relatively flat last week, but with a high volume of NZUs changing hands, as the market awaits the government’s upcoming announcement on Emissions Trading Scheme settings.
Commtrade makes spot price unavailable
25 Jul 2024
By Liz Kivi | Jarden’s digital carbon trading platform, Commtrade, has locked market watchers and the general public out of viewing its last traded spot price, just as the government said it wanted to improve market transparency.
Carbon market ‘underwhelmed’ by govt climate plan
24 Jul 2024
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 releases emissions reduction plan
17 Jul 2024
Climate change minister Simon Watts has released the second emissions reduction plan for consultation, with proposed changes to the Emissions Trading Scheme including aligning ETS units with emissions budgets and reviewing the free industrial allocation of units.
Govt must not lower ETS auction floor price
11 Jul 2024
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.
Budget 2025 needs to prioritise a thriving and resilient Pacific region
Fri 16 May 2025
Media release | World Vision New Zealand is urging the government to prioritise Pacific prosperity and resilience with strong investment in climate finance and foreign aid as part of Budget 2025.
Climate-denying farming groups attack govt’s methane strategy
Fri 16 May 2025
A trio of farming groups is claiming that a survey shows 95% of farmers have rejected the government’s methane strategy.
Air New Zealand announces less ambitious emissions ‘guidance’
2 May 2025
Air New Zealand has published its first “emissions guidance,” saying it expects to reduce net “well-to-wake” greenhouse gas emissions from jet fuel by 20-25% by 2030, from a 2019 baseline.
As Brazilian president visits China, $1 billion sustainable fuel deal announced
Fri 16 May 2025
Brazil announced two Chinese partnerships on Monday, including a $1 billion investment by China's Envision Energy to produce sustainable aviation fuel, as the country's president visits China.
Nature is not an economic handbrake: Environmental Defence Society
Fri 16 May 2025
Nature is not a handbrake on economic growth – the two must go hand in hand, attendees heard on the final day of the Environmental Defence Society’s Dollars and Sense conference this week.
Sustainability claims questioned as renewable diesel surges
Wed 14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
Carbon price up but June auction still tipped to fail
Thu 15 May 2025
The carbon price has recovered somewhat as forestry selling eases, however NZUs are still changing hands on the secondary market at well below the $68 auction floor.
Private equity eyes up to US$1.3 trillion climate adaptation market by 2030
Fri 16 May 2025
While the public sector is expected to account for the bulk of adaptation funding, a new study identifies six investable segments for private investors, from climate risk data providers to flood defense infrastructure.
Coal India to set up $3 billion worth clean energy projects to boost renewable heft
Wed 14 May 2025
The world’s largest government-owned coal producer will set up clean energy projects of around 4.5 gigawatts at a cost of 250 billion rupees (about $3 billion), it said on Thursday, as it aims to achieve net zero carbon emissions from its operations.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Owning a green home could cut mortgage payback time by two years
9 May 2025
A green certified home plus a green mortgage and associated energy bill savings could save Kiwi families up to $98,800 over the course of their mortgage - the equivalent of being mortgage-free several years early, according to new research.
Greens promise to rapidly reduce emissions in new Green Budget
Wed 14 May 2025
By Shannon Williams | The Green Party has unveiled its alternative Green Budget, promising bold investments to tackle the climate crisis and deliver cleaner air, water, and soil.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
Fri 16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
Environment Court rules Mackenzie biodiversity deserves bespoke protection
17 Apr 2025
Media release | In a decision years in the making, the Environment Court has upheld EDS’s contention that Te Manahuna / the Mackenzie Basin’s significant ecology and indigenous biodiversity warrants a bespoke planning regime to protect it from farming intensification.
Running blind: The silencing and censoring of environmental threats to US national security
Fri 16 May 2025
Immediately after the inauguration of President Donald Trump in January 2025, his administration began purging environmental reports from the public record.
Oceans Commission must have teeth – minister
Wed 14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Farming lobby attacks ‘loopholes’ in carbon forestry limits
7 May 2025
Beef + Lamb New Zealand is urging the government to close what it says are loopholes in new guidance around limits on carbon forestry.
Methanex closure comes early this year
Wed 14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
Hotter and deeper: how NZ’s plan to drill for ‘supercritical’ geothermal energy holds promise and risk
2 Apr 2025
By David Dempsey, University of Canterbury | New Zealand’s North Island features a number of geothermal systems, several of which are used to generate some 1,000 MegaWatts of electricity. But deeper down there may be even more potential.
Banking regulators agree to prioritise climate risk work
Wed 14 May 2025
Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid pushback from the United States.
Climate crisis threatens the banana, the world’s most popular fruit
Wed 14 May 2025
The climate crisis is threatening the future of the world’s most popular fruit, as almost two-thirds of banana-growing areas in Latin America and the Caribbean may no longer be suitable for growing the fruit by 2080, new research has found.
Global livestock industry exposed for rampant rainforest destruction, despite no-deforestation pledges
23 Apr 2025
Media release | Greenpeace Aotearoa says a new investigation revealing that the world’s largest meat company, JBS, will fail to meet its deforestation-free commitment is yet more proof of false promises from the intensive livestock industry.
If NZ wants to decarbonise energy, we need to know which renewables deliver the best payback
21 Mar 2025
By Alan Brent and Isabella Pimentel Pincelli | A national energy strategy for Aotearoa New Zealand was meant to be ready at the end of last year. As it stands, we're still waiting for a cohesive, all-encompassing plan to meet the country's energy demand today and in the future.
Why hydrogen cars are being outsold by Ferraris
24 Apr 2025
Hydrogen has long been hyped as the “Swiss army knife” of the energy transition, but today – despite billions in investment – it largely remains limited to niche industrial applications.
Three-year flood map legal dispute ends in win for landowners
Tue 13 May 2025
By Alisha Evans, Local Democracy Reporter | Tauranga property owners have had a “significant win” after the council agreed to update flood maps, a developer says.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
Trump is illegally trying to overturn state climate laws
Wed 14 May 2025
OPINION: States are stepping up to respond to the rising toll of climate-fueled disasters. More than ten states have introduced climate superfund legislation based on a simple idea: those massive, multinational oil and gas corporations that caused the climate crisis should help pay for the damage.
Govt pledges to slash building emissions
8 May 2025
The government is signing up to an international agreement aimed at decarbonising the building and construction sector in line with limiting global warming to 1.5 degrees.
Carbon News launches price index
24 Jun 2024
Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.
Abandoned infrastructure one of the biggest polluters in the world – report
8 May 2025
Emissions from abandoned coalmines, oil and gas wells globally are larger than any single country except China, the US and Russia.
Green budget 'ludicrous la-la land' – govt
Thu 15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
Govt needs to get moving to deliver international climate target says commission
Mon 12 May 2025
By Liz Kivi | The Climate Change Commission is warning that “time is running short” for the government to deliver on its international climate target.
Warm water affecting Antarctica’s largest ice shelf - new research
22 Apr 2025
While Antarctica’s Ross Ice Shelf is currently stable, new research shows warm water is reaching up to 170 kilometres under the front of the ice shelf.
Microplastics found in every layer of the ocean – study
7 May 2025
A new study by New Zealand and international researchers shows microplastics in every layer of the ocean - enough to change the chemical fingerprint of ocean carbon.
Media round-up
9 May 2025
In our weekly round-up of climate coverage in local media: When climate resilience meets resident resistance in Auckland; atmospheric and marine heatwaves in and around New Zealand are increasing climate extremes; and seaweed's climate superpowers.
Dismissals 'massive win' for climate movement
Tue 13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
Straterra has a new name: the New Zealand Minerals Council
16 Apr 2025
Media release | Straterra has been renamed as New Zealand Minerals Council, says chief executive Josie Vidal.
Clean energy just put China’s CO2 emissions into reverse for first time
Fri 16 May 2025
For the first time, the growth in China’s clean power generation has caused the nation’s carbon dioxide (CO2) emissions to fall despite rapid power demand growth.
Antarctic expedition unearths clues to climate catastrophe
Thu 15 May 2025
Media release | Rocks from the coldest continent hold clues to an extinction event 183 million years ago.
Who is Mark Carney, the former central bank governor turned Canada's next leader?
11 Mar 2025
Canada's new leader is a relative political newcomer. While the former UN Special Envoy for Climate Action and Finance has previously advocated for net-zero investment, he has promised to scrap the country's carbon tax, saying he wants to shift the cost from consumers to big corporations.
States sue the Trump administration for blocking funds for electric vehicle charging
9 May 2025
Seventeen states are suing President Donald Trump ‘s administration for withholding billions of dollars for building more electric vehicle chargers.
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
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 nature-based solutions remain.
Lawyers move to take Climate Commission to NZ’s top court
1 May 2025
Lawyers for Climate Action has filed a case challenging New Zealand's climate targets in the Supreme Court.
New research tests wastewater carbon capture potential
5 May 2025
Treating wastewater with alkaline minerals could potentially remove more than 18 million tonnes of carbon dioxide from the atmosphere each year, according to new research.
Global sea levels rise spelling catastrophe for coastal towns and cities
Wed 14 May 2025
For around 2,000 years, global sea levels varied little. That changed in the 20th century. They started rising and have not stopped since — and the pace is accelerating.
Large fires are burning on the slopes of South Africa's famous Table Mountain
1 May 2025
Helicopters dropped water on large fires burning on the slopes of South Africa's Table Mountain on Tuesday as police investigated whether arson was the cause.
Meridian set to build its first solar farm as Genesis stockpiles coal
2 Apr 2025
Meridian Energy is set to start construction on its 130MW Ruakākā Solar Farm south of Whangārei in August 2025, with the project receiving a final investment decision and construction approval from the Meridian Board.
