Topics tagged with 'Carbon prices'
Lots on offer, but patchy biddiing
25 Sep 2015
The pendulum has swung, with the market feeling softer than it has for some time. OMFinancial reports:
$6.50 holding as the low
24 Sep 2015
NZUs settled $6.55 yesterday, with only small volume trading. OMFinancial reports:
Market in drift mode
22 Sep 2015
NZUs settled at $6.67 yesterday and remain in drift mode, with little interest being shown by buyers or sellers. OMFinancial reports:
Market trading sideways
18 Sep 2015
Today we are 6.70/6.80, with modest volume either side of the market. OMFinancial reports:
Market a little quiet
17 Sep 2015
NZUs did not trade yesterday, and today we have opened $6.70/6.75. OMFinancial reports:
NZUs trading higher
15 Sep 2015
Yesterday we saw more than over 80,000 NZUs trade between $6.75 and $6.85, with the market closing at $6.85 on CommTrade. OMFinancial reports:
NZUs start the week $6.70/6.85
14 Sep 2015
Friday saw some small selling at $6.70. OMFinancial reports:
Business, officials want cross-party climate deal
14 Sep 2015
High government officials and business leaders have recommended cross-party consensus on climate change - something the Government has since ruled out.
... so, where does the authority go from here
14 Sep 2015
Bernie Fraser’s resignation as chairman of Australia’s Climate Change Authority has left many wondering what is left of it and what its future might be.
Local market a little weaker
11 Sep 2015
Spot NZUs have traded small volume at $6.70 this morning. OMFinancial reports:
NZU interest building but prices stagnant
10 Sep 2015
Yesterday’s comments hold true again today; there is good interest on both sides of the market but few are prepared to cross the bid/offer spread. OMFinancial reports:
Greens bend to seek political climate consensus
7 Sep 2015
A strong carbon price, a green investment bank and a climate commission are emerging as the basis of a political consensus on climate change policy – at least on one side of the House.
Australia’s new cap a trading scheme in all but name
7 Sep 2015
The Australian Government has released its final draft for a cap on greenhouse gas emissions. The “safeguard mechanism” will form part of the government’s central climate policy, and will fine large businesses for exceeding emissions baselines.
What really happened with Kyoto ERUs
7 Sep 2015
Emissions trading needs to be backed by ambitious targets, transparent reporting and international accountability if it is to be effective in tackling climate change.
Carbon holds in the high $6 range
7 Sep 2015
NZUs closed the week with no trade. OMFinancial reports:
Market remains steady
1 Sep 2015
Then thousand NZUs changed hands at $6.80 yesterday. OMFiancial reports:
Tiwai halves free credits, but still pockets $5m
24 Aug 2015
Tiwai Point aluminium smelter owner New Zealand Aluminium Smelters last year received just half the number of free carbon credits it got the previous year.
New figures show foresters deserting tree-planting
24 Aug 2015
More of New Zealand’s post-1989 plantation forests are outside the Emissions Trading Scheme than are in it.
Small volumes trading at $6.80
19 Aug 2015
The market is holding $6.80/6.95,with 5000 units available at each price. OMFinancial reports:
Patient market holds steady
18 Aug 2015
The market was left $6.80/6.90 yesterday. OMFinancial reports:
Still quiet in local market
12 Aug 2015
NZUs have continued to be very quiet this week, with very few units changing hands. OMFinancial reports:
All quiet on local market
11 Aug 2015
NZUs did not trade here yesterday, and still remain range-bound with a fix/last of $6.85. OMFInancial reports:
A carbon tax for South Africa: why a pragmatic approach makes sense
10 Aug 2015
The furore over the carbon tax in South Africa that is playing itself out both in public and behind closed doors is leading to an impasse.
Local market remains steady
10 Aug 2015
Carbon continues to hold the current range, with some smalls trading at the $6.80 level. OMFinancial reports:
Carbon picks up at end of week
3 Aug 2015
Seventy thousand NZUs traded at $6.85 on Friday - decent volume for what was a mostly quiet week. OMFinancial reports:
Light activity on local market
29 Jul 2015
Twenty thousand NZUs changed hands at $6.85 yesterday. OMFinancial reports:
Treasury maps out our path to a low-carbon enconomy
27 Jul 2015
A strong carbon price, better urban planning, a climate commission and systematic assessment of how government policies affect climate change would help New Zealand’s transition to a low-carbon economy, Treasury says.
One year on from the carbon price experiment, the rebound in emissions is clear
27 Jul 2015
Just over a year ago, Australia concluded a unique public policy experiment. For the preceding two years and two weeks, it had put a price on a range of greenhouse gas emitting activities, most significantly power generation.
May 2016 $8 call options trade at $0.50
22 Jul 2015
Spot NZUs were left 6.80/7.00 on no volume yesterday. OMFinancial reports:
Market gets a bit busier
21 Jul 2015
More NZUs changed hands on Monday than in the entirety of last week. OMFinancial reports:
Carbon consolidates
20 Jul 2015
It was a quiet end to the week on Friday, with no NZUs trading. OMFinancial reports:
Market firm, and tender passes
14 Jul 2015
NZUs traded $7.05 on Monday, on volume of 15,000. OMFinancial reports:
How the country can save $37 million a year ... use KiwiRail
13 Jul 2015
Treasury’s advice that the Government should stop propping up KiwiRail because it is too expensive fails to take into account the carbon cost of transporting freight by rail.
Businesses put brakes on climate action, says study
13 Jul 2015
Fewer businesses are taking action on greenhouse gases than two years ago, Waikato University’s latest sustainability report shows.
Foresters see need for big ETS changes
13 Jul 2015
Major changes will need to be made to the Emissions Trading Scheme if New Zealand wants to meet its just-announced post-2020 emissions reduction target.
A quieter day after a busy start to week
9 Jul 2015
It was a quiet day for carbon yesterday - spot NZUs settled at $6.90 on CommTrade. OMFinancial reports:
Why our cuts will be an embarrassment in Paris
8 Jul 2015
The 2030 emissions reduction target announced yesterday will damage New Zealand’s credibility at this year’s Paris climate talks, says the man who negotiated for us in Kyoto.
We're still undecided on ETS, says minister
8 Jul 2015
The terms of reference for the review of the Emissions Trading Scheme have not yet been set, says Climate Change Minister Tim Groser.
Million-credit tender attracts strong interest
8 Jul 2015
A tender for up to a million credits that came to the market yesterday is drawing strong interest, OMFinancial says.
Active trading in NZUs
8 Jul 2015
More than 100,000 NZUs changed hands yesterday, with interest continuing to grow in this market. OMFinancial reports:
Large parcel of NZUs for tender
7 Jul 2015
Two hundred thousand – and potentially a million – spot NZUs have come to the market this morning.
Climate progress slowing, says Auckland councillor
Thu 5 Jun 2025
By Shannon Morris-Williams | The devastating cyclone that tore through Tāmaki Makaurau in 2023 left behind more than just broken infrastructure, sparking calls to focus on facts over ideology in the fight against climate change.
Fed Farmers launches campaign against carbon forestry
Today 11:30am
By Liz Kivi | Federated Farmers has launched what they are calling the ‘Save Our Sheep’ campaign, blaming carbon forestry for declining sheep numbers and calling on the government to urgently review the Emissions Trading Scheme.
Greenwashing is rife in Australia, but could its days be numbered?
28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Help sustainable aviation fuels take off or delay targets, airlines warn EU
20 May 2025
Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.
Microplastics found in sand on dozens of NZ beaches
Wed 4 Jun 2025
Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.
Sustainability claims questioned as renewable diesel surges
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.
Govt mulls status quo for ETS auction settings
29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
Global energy investment set to hit record $3.3 trillion in 2025, IEA says
Today 11:30am
A surge in clean energy spending is expected to drive a record $3.3 trillion in global energy investment in 2025, despite economic uncertainty and geopolitical tensions, the International Energy Agency said on Thursday.
Fight over coal mine heats up
30 May 2025
Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.
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.
Common low-grade clay strengthens low-carbon concrete
Thu 5 Jun 2025
Media release | Engineers at RMIT University have converted low-grade clay into a high-performance cement supplement, opening a potential new market in sustainable construction materials.
Cuts to climate finance put exports in jeopardy: Lawyers
23 May 2025
By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.
Watts talks big on energy reform, but barriers persist
29 May 2025
By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.
Gas supply reducing faster than forecast
Thu 5 Jun 2025
By Liz Kivi | Gas reserves have reduced 27% as of 1 January 2025 compared to last year, according to data released today by the Ministry of Business, Innovation and Employment.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Extreme ocean warming engulfed South-West Pacific in 2024
Today 11:30am
By Shannon Morris-Williams | Unprecedented ocean warming engulfed the South-West Pacific in 2024, with extreme heat and rainfall causing deadly and devastating impacts and sea level rise threatening entire islands.
Oceans Commission must have teeth – minister
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.
Biochar's negative emissions tech coming to Fieldays
Today 11:30am
Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.
Vanuatu criticises Australia for extending gas project while making COP31 bid
Wed 4 Jun 2025
Vanuatu’s climate minister has expressed disappointment over Australia’s decision to extend one of the world’s biggest liquefied natural gas projects and said it raises questions over its bid to co-host the COP31 summit with Pacific nations.
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.
Electrification challenge for politicians, regulators
27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
How the little-known ‘dark roof’ lobby may be making US cities hotter
Today 11:30am
As cities heat up, reflective roofs could lower energy bills and help the climate. But dark-roofing manufacturers are waging a quiet campaign to block new rules.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
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.
Methanex closure comes early this year
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.
What happened to the hydrogen economy?
Tue 3 Jun 2025
The hydrogen car that was supposed to carry us into a cleaner future is still not in the driveway. In fact, outside of a few test markets, it’s not in anyone’s driveway.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
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.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
30 May 2025
By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
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.
Govt's RMA overhaul sparks fears for nature and climate
30 May 2025
By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
Thu 5 Jun 2025
By Shannon Morris-Williams | Proposed changes to New Zealand's waste legislation risk undermining public trust in the waste levy scheme, according to Parliamentary Commissioner for the Environment Simon Upton.
Top ocean experts sound the alarm over growing marine crisis due to climate change
Today 11:30am
On the opening day of a global science conference, French fishery scientist Clea Abello presented research showing that marine protected areas could protect commercially valuable fisheries.
Tech alone won’t save us, warns climate expert
Wed 4 Jun 2025
By Shannon Morris-Williams | Technology alone won't be enough to reach net zero emissions, environmental psychologist Lorraine Whitmarsh told the Carbon and Energy Professionals conference in Auckland last week.
New research reveals NZ’s natural resource footprint
29 May 2025
Media release | New research from the office of the Parliamentary Commissioner for the Environment reveals that about 107 million tonnes of natural resources were required to produce the goods and services consumed by New Zealanders in 2019 – approximately 21 tonnes per person on average.
NZ's first chance in 20 years to catch up on waste
30 May 2025
Media release | The government has announced proposals for updating the Waste Minimisation Act and the Litter Act. For the first time in nearly 20 years, Kiwis have a chance to catch up with other countries to reduce our waste and litter.
Dismissals 'massive win' for climate movement
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.
UK’s solar power surges 42% after sunniest spring on record
Today 11:30am
The UK’s solar farms and rooftops generated more electricity than ever before in the first five months of 2025, as the country enjoyed its sunniest spring on record.
Green budget 'ludicrous la-la land' – govt
15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
US: Clean energy project cancellations top $14 Billion so far in 2025
Wed 4 Jun 2025
Businesses have pulled the plug on big projects amid Trump’s retreat on climate action. But plenty remain in the pipeline, awaiting a Congressional decision on tax credits.
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.
“It’s not the car – it’s how we move” – EECA
Tue 3 Jun 2025
By Shannon Morris-Williams| New Zealand’s transport emissions conversation has focused heavily on electric vehicles – but Richard Briggs, group manager, delivery and partnerships at the Energy Efficiency and Conservation Authority, says we’re asking the wrong question.
Europe’s next climate target may already have been agreed in Berlin
28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
Water crisis on the horizon?
26 May 2025
Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.
Tropical forest loss hit new heights in 2024; fire a major driver in Latin America
23 May 2025
Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.
For the first time, China invests more in wind and solar than coal overseas
29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
