Topics tagged with 'Carbon prices'
Activity picking up on local market
7 Jul 2015
We saw a flurry of trading yesterday, with about 60,000 NZUs trading over the day. OMFinancial reports:
Carbon ticks along
6 Jul 2015
Carbon had a quiet day on Friday to see out the week. OMFinancial reports:
The carbon tax wasn’t a ‘slug’ to the economy and Direct Action may be a waste of money
29 Jun 2015
Federal Environment Minister Greg Hunt, writing in the Fairfax opinion pages, has said that the now abolished carbon tax was a far more expensive way to reduce Australia’s carbon emissions than the Direct Action policy that replaced it.
Quiet on local market
26 Jun 2015
Carbon continues to be quiet, with spot NZUs closing at $6.70. OMFinancial reports:
Spot NZUs quiet
23 Jun 2015
Carbon had a quiet day Monday; spot NZUs closed at $6.85. OMFinancial reports:
NZUs hold buyers' interest
22 Jun 2015
Carbon closed at $6.75 Friday, with good interest, and depth both ways. OMFinancial reports:
Spot NZUs corrects slightly but remains a buy
19 Jun 2015
NZUs closed at $6.80 yesterday, correcting slightly from $7.10, but remains firm. OMFinancial reports:
Spot NZUs remain firm
17 Jun 2015
NZUs traded at $7.10 yesterday and closed at $7.05 on Commtrade; well bid and offered into the close. OMFInancial reports:
European power is slipping away from King Coal
15 Jun 2015
Coal, the muscle that for two centuries powered Europe’s economic dominance of the world, is steadily losing its grip as cleaner fuels take its place and energy efficiency cuts electricity consumption, according to new analysis.
Spot NZUs equal April's high
15 Jun 2015
Carbon closed at $6.70 on Friday, back at the previous recent high seen on April 8. OMFinancial reports:
Prices continue to rise
10 Jun 2015
Carbon traded up to $5.55 on small volume following yesterday’s big day. OMFinancial reports:
Good volumes of spot NZUs traded
9 Jun 2015
Spot NZUs traded 385,000 tonnes yesterday between $5.30 and $5.55. OMFinancial reports:
Spot NZUs may have bottomed
8 Jun 2015
Spot NZUs traded 70k on Friday to close unchanged at $5.40. OMFinancial reports:
Spot NZUs trade up
5 Jun 2015
It was quite a busy day for NZUs yesterday, with spot carbon closing up 13 cents to $5.40 on 50,000 tonnes.
Treasury tells Government how to cut emissions
2 Jun 2015
Treasury has told the Government that if it wants to reduce greenhouse gas emissions it should introduce a carbon price floor, get rid of the two-for-one provisions or cut the number of free carbon credits it gives to emitters.
It's a Mexican stand-off...
27 May 2015
There was no change in spot carbon yesterday, with NZUs fixing at $5.27. OMFinancial reports:
Spot NZUs could go lower, but are still good buying
25 May 2015
Spot carbon traded at $5.15 on Friday. OMFinancial reports:
NZUs trade to six-month low
21 May 2015
Another busy day for spot NZUs, with the market dealing $5.35 in early trading before closing at $5.20 on 150k.
Forest policy action pleases timber industry
18 May 2015
The Government appears to be putting in place the ingredients of a national forestry policy, an industry leader says.
Why the Government's forestry policies are not working
18 May 2015
Labour Party climate changes spokesperson MEGAN WOODS on why the Government’s forestry policies are failing:
Spot NZUs hit $6.05 on small volume
14 May 2015
Spot NZUs got paid at $6.05 today on very small volume. OMFinancial reports:
At last, Government reveals cost of gases reduction
11 May 2015
The Government has revealed how much it thinks cutting greenhouse gases might cost the country.
Keep buying the dips
6 May 2015
Spot NZUs traded at $6 yesterday for 15,000 tonnes. OMFinancial reports:
NZ carbon is domestic at last
4 May 2015
Spot NZUs continue to cling to the $6 level, closing at $6.07 on CommTrade Friday. OMFinancial reports:
Apparently, we're going to slash thousands of tonnes of emissions by 2020
28 Apr 2015
The Government expects the Emissions Trading Scheme to cut New Zealand’s greenhouse gas emissions by nearly 10,000 kilotonnes in 2020.
NZUs settle at the end of the week
28 Apr 2015
A quiet end to the week for carbon, ahead of a long weekend. OMFinancial reports:
Procurement interest still there
20 Apr 2015
Spot NZUs drifted down on Friday, ending at $6.30 on 60,000 NZUs. OMFinancial reports:
Spot NZUs may head lower in the short-term
17 Apr 2015
You might think we call this market only one way, says OMFinancial:
Quiet day on the market
16 Apr 2015
The market was reasonably quiet overall yesterday. OMFinancial reports:
We could be heading for a multi-billion-dollar carbon hangover
13 Apr 2015
New Zealand’s “rugby, big cars and beer” culture could leave the country with an annual carbon hangover edging into the billions of dollars.
Quiet end to the week
13 Apr 2015
It was another quiet day for spot NZUs on Friday, closing at $6.52 on CommTrade. OMFinancial reports:
Time for a united front on carbon
10 Apr 2015
It was a quiet day yesterday for spot NZUs, which closed at $6.50 on CommTrade. OMFinancial reports:
NZUs well-traded and well-quoted
9 Apr 2015
NZUs traded at $6.50 on reasonable volume yesterday. OMFinancial reports:
Register shows up changes in carbon market
7 Apr 2015
Changes to the New Zealand carbon market are showing up in traffic through the emissions unit register.
BP’s extreme climate forecast puts energy giant in a bind
7 Apr 2015
BP’s annual Energy Outlook report details the results from modelling of what it sees as the “most likely” energy scenario out to 2035.
NZUs remain bid
7 Apr 2015
NZUs finished the week firm closing at $6.70 on the Thursday before Easter. OMFinancial reports:
Nothing to push this market lower
1 Apr 2015
The Spot NZU market traded and closed at $6.60 yesterday. OMFinancial reports:
Market grinding upwards
31 Mar 2015
A quiet start to the week yesterday, with NZUs closing at $6.57 on CommTrade. OMFinancial reports:
Forest experts are wrong, say climate change ministers
30 Mar 2015
The Government is sticking to its guns – forest planting is down because of the cyclical nature of the industry, and not because carbon prices are too low to encourage planting.
We're watching carbon prices, says Government
30 Mar 2015
The Government says it is watching carbon prices creep higher.
Liquidity not far away
30 Mar 2015
NZUs closed at $6.60 on Friday, after opening at $6.50. OMFinancial reports:
Stability is what we need
25 Mar 2015
We are hearing that some buyers, or representatives of buyers, are complaining to the Government about the illiquidity in this market, and the fact they cannot get set. OMFinancial reports:
Buyers starting to queue
24 Mar 2015
Carbon traded at $6.50 yesterday, with on-going bidding interest at $6.45 and little offering interest about. OMFinancial reports:
Fossil-fuel investment risk not on our radar, says Treasury
23 Mar 2015
Fossil-fuel investment exposure might be worrying the Bank of England, but it has failed to cause any ripples at New Zealand’s Treasury.
Memo Jo: Foresters need a bit more than praise
23 Mar 2015
Forest owners want the Government to put its money where its mouth is on sustainable forestry – and are gathering the numbers to back their case.
NZUs remain firm
23 Mar 2015
Carbon closed at $6.47 on Friday, after trading at $6.40. OMFinancial reports:
NZUs move higher
20 Mar 2015
NZUs closed at $6.55 yesterday as buyers came in late. OMFinancial reports:
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.
