Topics tagged with 'Carbon prices'
Treat agriculture like anyone else, says Caygill
30 Nov 2015
Agriculture should not be treated any differently from any other trade-exposed industry, says the man who led the previous Emissions Trading Scheme Review.
NZUs offered at $8.35
30 Nov 2015
Carbon continues to firm, with the market last trading at $8.35. OMFinancial reports:
Carbon closes at $8.20
27 Nov 2015
Carbon remained well bid yesterday, closing at $8.20. OMFinancial reports:
NZUs smash through $8 to a high of $8.20
26 Nov 2015
Yesterday’s offer for 143,000 NZUs at $8 was cleaned out early afternoon. OMFinancial reports:
NZUs continue their climb
25 Nov 2015
We traded small volume at $7.85 yesterday, and have cleared $7.90 today. OMFinancial reports:
$8 looking better by the day
24 Nov 2015
NZUs traded at $7.80 yesterday on good volume. OMFinancial reports:
Groser hints at boost for carbon prices
23 Nov 2015
The Government has given the clearest signal yet that it intends to push carbon prices up as part of a package to meet the expected $30 billion cost of New Zealand’s 2030 emissions reduction target.
Smelter owner among worst carbon offenders
23 Nov 2015
Bluff aluminium smelter owner Rio Tinto – which threatened to quit New Zealand if a carbon price was introduced - is one of the world’s worst-prepared mining companies for carbon regulation, says a report out today.
Volume available at $8
20 Nov 2015
Forty thousand NZUs traded between $7.70 and $7.75 yesterday, and we have opened this morning $7.60/7.85. OMFinancial reports:
Groser: I've given no advice on stranded assets
16 Nov 2015
Climate Change Minister Tim Groser says he has given no advice to Finance Minister Bill English on protecting people’s pensions against the risk of stranded assets in fossil fuel companies.
Interest in call options grows
11 Nov 2015
NZUs firmed up yesterday, last trading at $7.25.OMFinancial reports:
Get the waka back on course, says Maori expert
9 Nov 2015
Environmental protection, hard-hitting policies on climate change, and a carbon price floor should all be part of a drive to rebuild the economy, a Maori economic development consultant says.
Carbon on target for $8 by year-end
9 Nov 2015
NZUs closed at $7.25 on Friday, after hitting $7.30 earlier in the week on very good volumes. OMFinancial reports:
Lack of selling suggests a move to the upside
4 Nov 2015
NZUs closed at $7.20 yesterday, with small volume trading there. OMFinancial reports:
Big Aussies signal quit-carbon commitments
2 Nov 2015
Companies representing a significant chunk of the Australian stock exchange will this week announce new commitments to fighting climate change.
Higher carbon prices the key, says new book
2 Nov 2015
New Zealand needs higher carbon prices, says the author of a handbook on the Emissions Trading Scheme.
Market sits at $7
28 Oct 2015
NZUs settled $7.00 yesterday on reasonable volume. OMFInancial reports:
Domestic market takes a little breather
27 Oct 2015
NZUs settled $7.05 on Friday on no trade. OMFinancial reports:
NZUs settle at $7.05
22 Oct 2015
NZUs have continued to firm up, with the market opening $7.00/7.10 today - 100,000 a side. OMFinancial reports:
Market likely to stay well-supported
19 Oct 2015
NZUs settled at $6.90 with no trade on Friday. OMFinancial reports:
No trading yesterday
16 Oct 2015
NZUs settled at $6.90 with no trade yesterday. OMFinancial reports:
Local market liquidity improves
15 Oct 2015
NZUs settled at $6.90 with no trade yesterday. OMFinancial reports:
Big buy-order would push us to $7
14 Oct 2015
NZUs traded at $6.95 yesterday, the highest price we have seen for some time. OMFinancial reports.
Interest picking up on local market
7 Oct 2015
Yesterday we traded reasonable volume between $6.75 and $6.85. OMFinancial reports:
NZUs settle at $6.80
6 Oct 2015
Just under 20,000 NZUs changed hands yesterday, with the market closing at $6.80. OMFinancial reports:
Our climate excuses don't wash, say enviro officials
5 Oct 2015
The Government’s favourite defence for the failure of New Zealand to take meaningful action on climate change – that it’s a small country generating negligible greenhouse gas emissions – doesn’t hold water, officials say.
Climate change threatens financial crash, says banker
5 Oct 2015
The world’s most influential banker says an orderly switch from fossil fuels to renewables is needed to avoid turmoil on world stock markets.
Australian states threaten to go back to the future
5 Oct 2015
China has added itself to the list of countries prepared to price carbon. Of course, Australia knows more about putting a national price on carbon than almost any other country. And it also knows about dismantling such a price.
Decent volume both sides of the market
5 Oct 2015
NZUs traded 10,000 tonnes at $6.75 on Friday. OMFinancial reports:
Market edges higher
2 Oct 2015
NZUs didn’t trade yesterday, despite two-way interesting continuing to build. OMFinancial reports:
Fourth quarter may bring fresh interest
1 Oct 2015
Five thousand NZUs traded at $6.75 yesterday. OMFinancial reports:
NZUs settle at $6.67
30 Sep 2015
We saw no trade in carbon yesterday, despite healthy two-way interest on-screen. OMFinancial reports:
Appetite to accumulate NZUs at these prices
29 Sep 2015
Fifteen thousand NZUs changed hands at $6.65 yesterday. OMFinancial reports:
Prices down, but volume up
28 Sep 2015
Action in the carbon market increased last week, with volume improving. OMFinancial reports:
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.
NZ art focussing on climate on display at Beijing Biennale
Today 11:30am
An artist responding to the consequences of climate disruption is the first New Zealander in six years to feature at the prestigious Beijing Art Biennale.
Hydrogen plant to start construction
Tue 10 Feb 2026
Construction is set to start this month on Hiringa Energy’s long delayed green hydrogen project in South Taranaki, after years of consenting fights that culminated in the Court of Appeal rejecting Greenpeace’s challenge in late 2023.
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Why Trump might be onboard with a UN carbon-offset programme for airlines
Today 11:30am
The president’s team has backed the rollout of an initiative that calls for the use of sustainable aviation fuel and carbon credits, even as Trump has pulled back from other international emissions-reduction efforts.
World fight against invasive species comes to Auckland
Tue 10 Feb 2026
Media release: University of Auckland | From countering invasive pink salmon in Norway to controlling feral cats in the Cayman Islands, knowledge on eradicating invasive species will be shared by international experts in New Zealand.
Govt launches strategy backing wood-based heat sector
23 Oct 2025
By Pattrick Smellie | Forestry biomass could replace as much as 40% of fossil fuel-generated process heat by 2050, but access to supply, regulatory settings and business cases for converting to wood-based heat sources are required, the Government says in a series of documents released yesterday.
EU weighing options to support industry in carbon market overhaul
Mon 9 Feb 2026
The European Commission is looking at various ways to support industries in an upcoming overhaul of the EU carbon market to prevent them moving to areas with lower pollution standards, the head of the Commission’s climate department said late on Wednesday.
Trump is wiping out all climate regulation. Big Oil may regret it.
Today 11:30am
For decades, oil majors fought climate regulation. Now, they’re afraid Trump’s extreme rollbacks could leave them on the hook to pay for what they’ve done.
LNG plan risks fossil fuel dependency: Environment Commissioner
Wed 11 Feb 2026
By Pattrick Smellie | Importing liquefied natural gas risks creating a “new path dependency on fossil fuel” unless LNG is ring-fenced for use only in the electricity system and only during extended periods of hydro-electricity water shortages, says the Parliamentary Commissioner for the Environment, Simon Upton.
LNG: a rational choice compared to unpalatable alternatives
Tue 10 Feb 2026
By Pattrick Smellie | COMMENT: By deciding to underwrite the private construction of a liquefied natural gas import facility in Taranaki, the Government has made a rational choice in favour of energy security and affordability.
RMA’s successors hinge on two untested bets
17 Dec 2025
Two ideas sit at the heart of the Government’s replacement for the Resource Management Act: regulatory relief and spatial planning.
Opposition attacks Govt over fossil fuel phaseout backdown
2 Feb 2026
By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.
Minister’s letters: Mildly positive or just virtue signalling?
5 Feb 2026
By Liz Kivi | The carbon market was buoyed slightly yesterday, after letters between the Government and the Climate Change Commission were proactively released.
Govt missing opportunity to slash electricity prices, says expert
Wed 11 Feb 2026
By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.
DOC trims costs and winds down jobs for nature
10 Nov 2025
The Department of Conservation (DOC) is entering a new phase of tighter budgets and structural change as it winds down the pandemic-era Jobs for Nature programme and reshapes its operations to absorb long-term cost pressures.
January floods driven by tropical systems and La Niña conditions
Today 11:30am
Record-breaking rainfall across parts of Aotearoa in January was fuelled by tropical moisture and persistent low-pressure systems, with some regions recording more than five times their normal monthly rainfall, Earth Sciences New Zealand says.
Transport dominates NZ’s rising consumer emissions
10 Dec 2025
By Shannon Morris-Williams | Transport pollution was the biggest contributor to an increase in New Zealand’s consumption-based emissions in 2023, with emissions from household travel up 12%, and consumption-based emissions totalling 58.3 million tonnes – up 1.6% from the previous year.
'Damning' report challenges forestry’s role in Tairāwhiti as sector rejects conclusions
4 Feb 2026
By Shannon Morris-Williams | New independent analysis commissioned by Mana Taiao Tairāwhiti challenges long-standing claims that industrial forestry underpins the Tairāwhiti economy.
Australian ministers met Japanese gas companies 20 times amid fossil fuel lobbying push
Wed 11 Feb 2026
Australian government ministers met Japanese gas company executives more than 20 times in the last term of parliament as Labor encouraged investment in the fossil fuel industry.
RMA to speed up fossil fuel consents
18 Aug 2025
By Liz Kivi | An energy lobby group has welcomed a last-minute amendment to the RMA that puts fossil fuels on the same footing as renewables, however a sustainable energy expert says the move “beggars belief.”
US is canceling almost $30 billion in Biden-era energy loans
27 Jan 2026
The Trump administration said it’s canceling almost $30 billion of financing from the Energy Department’s green bank after reviewing transactions approved under former President Biden.
Green Member’s Bill aims to give whales legal ‘personhood’
Mon 9 Feb 2026
The Green Party wants to give whales legal rights, including the right to sue.
Kiwi startup takes on global plastic pollution
Today 11:30am
A New Zealand startup is launching what it says is the world’s first plastic-free effervescent drink tablet, with the ambitious aim of eliminating bottled beverages to reduce global plastic pollution.
COP30 microcosm of difficult geopolitics, says Vanuatu's Climate Minister
15 Dec 2025
By Liz Kivi | Despite ‘intransigent’ states blocking multilateralism and a disappointing official outcome, Vanuatu’s Climate Change Minister Ralph Regenvanu says he left the COP30 climate summit feeling more positive than after previous UN climate conferences.
Hydrogen emissions are ‘supercharging’ the warming impact of methane
19 Dec 2025
The warming impact of hydrogen has been “overlooked” in projections of climate change, according to authors of the latest “global hydrogen budget”.
Wales council to buy and demolish homes prone to flooding
4 Feb 2026
A row of homes in a village in south Wales is to be bought by a local authority and demolished as they can no longer be protected from flooding caused by the climate crisis.
Climate law change spanner in the works for Waitangi Tribunal Inquiry
19 Dec 2025
By Liz Kivi | The Government’s controversial changes to New Zealand’s legal framework for climate policy have thrown a spanner in the works for a long-running Waitangi Tribunal Inquiry into climate change.
Greenpeace set to take UK Government to court over deep-sea mining licences
5 Feb 2026
Environmental NGO Greenpeace has kick-started a legal challenge against the UK Government’s decision to approve the transfer of two seabed exploration licences to a newly-formed mining company with US links.
Govt unveils plans for carbon storage regulations – and ETS rewards
18 Dec 2025
By Liz Kivi | The Government has released plans to regulate carbon capture and storage in natural geological formations, which include Emissions Trading Scheme incentives, with the aim of introducing related legislation in 2026.
Ministers celebrate fast-track milestone amid criticism
Tue 10 Feb 2026
By Shannon Morris-Williams | The government is marking the first anniversary of its fast-track approvals regime, saying it is helping “build New Zealand’s future”, despite continued criticism from environmental groups, opposition parties, and industry voices following several controversial project decisions.
Govt looks to Commission for ways to shore up carbon price
4 Feb 2026
By Liz Kivi | The Government has asked the Climate Change Commission to look at lower auction volumes and an increase in the auction floor price as options to revive the Emissions Trading Scheme, as carbon prices remain weak.
NZ's latest climate target 'weak' – Climate Action Tracker
24 Jun 2025
By Shannon Morris-Williams | New Zealand's new international climate target to 2035 is weak, and could even allow for higher emissions than the 2030 target, according to a global scientific project that tracks government climate action.
Climate change linked to decline in southern right whale
Today 11:30am
Scientists in Australia are warning southern right whales are showing signs of climate-related stress, just days after a Green Party Member’s Bill was introduced in New Zealand proposing legal personhood for whales.
Out of Paris, but will the US formally quit the UN climate regime?
30 Jan 2026
The Trump administration has decided to withdraw the US from the broader UN climate convention, raising questions about the legality of the move and what it means in practice.
Commentators slam Govt inaction in aftermath of climate change-fuelled storms
30 Jan 2026
By Liz Kivi | Climate action - or inaction - is shaping up to be an election issue, with multiple commentators drawing a line between the Coalition Government’s backsliding on climate targets and the deadly extreme weather events of the past week.
Major health risks linked to plastics emissions set to soar by 2040
28 Jan 2026
The adverse health consequences stemming from the global plastics system are projected to more than double by 2040, driven by greenhouse gases, air pollutants and toxic chemicals released throughout its lifecycle.
Rushed resource management reform bills unworkable: Environmental Defence Society
Wed 11 Feb 2026
By Shannon Morris-Williams | The Environmental Defence Society says significant amendments are needed to the government’s Natural Environment and Planning Bills, warning the proposed reforms risk weakening environmental limits, public participation, and regulatory certainty.
Three Greenpeace activists removed by police from Fonterra
17 Dec 2025
Media release | Three Greenpeace activists were removed by police from Fonterra’s downtown Auckland offices, following a protest on Monday at the Shareholders’ Fund meeting over the corporation’s role in the contamination of rural communities’ drinking water.
Critical minerals talks with US questioned in Waitangi Tribunal climate inquiry
Mon 9 Feb 2026
By Shannon Morris-Williams | New Zealand and the United States' negotiations over critical minerals have raised questions for the Waitangi Tribunal’s long-running inquiry into climate change.
Australia's renewables boom delivers coveted power price payoff
Wed 11 Feb 2026
Australia's wholesale electricity prices fell to the lowest in four years in 2025, bucking the rising price trends seen elsewhere and validating claims that renewables-heavy power system overhauls can help lower consumer power costs.
Solar households to get little-noticed tax break
23 Sep 2025
A provision in the government’s latest tax bill would exempt households from paying tax on income they earn by selling excess electricity back to the grid.
NZ-UAE partnership boosts advanced tech
Mon 9 Feb 2026
Media release | A new Antarctic science partnership with a leading UAE university will grow New Zealand’s advanced engineering and modelling capability, supporting high-value jobs, encouraging economic growth, and enabling smarter climate risk management, Science, Innovation and Technology Minister Dr Shane Reti says.
Pacific climate response in question as NZ finance remains unclear
19 Dec 2025
By Shannon Morris-Williams | With New Zealand's $1.3 billion international climate finance commitment set to end with no clarity on what follows, the Auditor-General says oversight of that funding remains patchy and long-term outcomes are unclear.
China maximises battery recycling to shore up critical mineral supplies
Wed 11 Feb 2026
Beijing is bracing for a tsunami of spent EV batteries by taking steps to boost recycling – a strategy that could also cut its reliance on imports of clean energy minerals.
Vanuatu introduces draft UN resolution on ICJ demanding full climate compensation
Wed 11 Feb 2026
Media release: Vanuatu Government | Vanuatu has introduced the zero draft of a United Nations General Assembly resolution to endorse the International Court of Justice’s advisory opinion on the obligations of states in respect of climate change, delivered on 23 July 2025.
EU to ban destruction of unsold clothes and shoes
Today 11:30am
The European Commission has adopted new measures that will require medium and large companies to stop discarding unsold clothing and footwear, in the bloc’s latest move to target textile waste.
Heatwaves, downpours and droughts – Auckland on track for more extreme weather
1 Dec 2025
By Shannon Morris-Williams | New projections show Auckland will face more heatwaves, heavier downpours, worsening droughts and growing coastal threats as climate extremes intensify, according to a new report from Earth Sciences New Zealand.
Argentina fires ravage pristine Patagonia forests, fueling criticism of Milei’s austerity
4 Feb 2026
The wildfires, among the worst to hit the drought-stricken Patagonia region in decades, have devastated more than 45,000 hectares (174 square miles) of Argentina’s forests in the last month and a half, forcing the evacuation of thousands of residents and tourists.
World's first 20 MW offshore wind turbine powers grid in China
Tue 10 Feb 2026
The world's most powerful offshore wind turbine has begun feeding electricity into the grid off the coast of southeast China, marking a major technological leap in the country's wind power industry.
