Topics tagged with 'Carbon prices'
NZUs quiet at $6.45
19 Mar 2015
A quiet day for NZUs yesterday, with the market closing on CommTrade at $6.45. OMFinancial reports:
A quiet start to the week
17 Mar 2015
NZUs traded smalls at $6.50 and closed at $6.45 yesterday on CommTrade. OMFinancial reports:
Why is pumping CO2 underground stuck in second gear?
16 Mar 2015
There are many uncertainties with respect to global climate change, but there is one thing about which I have no doubts: we will not solve climate change by running out of fossil fuels.
The long march continues
16 Mar 2015
NZUs closed at $6.45 on Friday - the highest traded price since June 2012. OMFinancial reports:
Leave the market to do its job
12 Mar 2015
Spot NZUs closed at $6.35 yesterday. OMFinancial reports:
Next stop $6.50
11 Mar 2015
NZUs traded up to $6.25 yesterday on 30k, and it appears most sellers are passing-the-parcel, which suggests prices are going higher. OMFinancial reports:
Sellers few and far between
10 Mar 2015
NZUs traded up to $6.20 on $70k yesterday as some emitters started to step into the market and mop up small sellers. OMFinancial reports:
Carbon measure puts us among worst in the world
9 Mar 2015
New Zealand’s carbon intensity is going through the roof, despite Government claims to the contrary.
Beehive breaking our climate change pledge
9 Mar 2015
Latest figures show that New Zealand is not planting enough trees to meet its climate change pledges, and a carbon forestry expert says that the Government is to blame.
How well prepared are businesses for climate change?
9 Mar 2015
The world is changing. The weather is becoming more volatile, with the number of extreme weather events on the rise. Climate change represents the new normal: the Earth is already showing the impacts of our actions, which will continue to become more visible.
NZ carbon prices hold in $6 range
9 Mar 2015
A quiet day for carbon on Friday, with the market fixing at $6.22. OMFinancial reports:
NZUs edge up
5 Mar 2015
We closed at $6.25 yesterday as the market slowly grinds higher. OMFinancial reports:
Next stop $7?
4 Mar 2015
We closed at $6.15 yesterday, with no change in our view. OMFinancial reports:
Won't take much for market to move higher
3 Mar 2015
We closed at $6.05 yesterday with the bid starting to build and not much on the offer. OMFinancial reports:
Govt vows to ask public about emissions target
2 Mar 2015
The Government will consult the public over New Zealand’s post-2020 emissions reduction target.
Let's cut emissions, not worry about how
2 Mar 2015
Australia had an emissions trading scheme with a fixed price; it was one good way to encourage carbon cuts throughout the economy.
NZUs holding range, but likely to rise
2 Mar 2015
Carbon finished the week at $5.90. OMFinancial reports:
Market might go higher
27 Feb 2015
NZUs traded up to $5.90 yesterday and closed the bid there. OMFinancial reports:
NZUs cheap at $5.86
26 Feb 2015
NZUs are consolidating below $6 and are good buying down here. OMFinancial reports:
New Zealand’s defective law on climate change, by Sir Geoffrey Palmer
23 Feb 2015
Distinguished law fellow Sir Geoffrey Palmer, QC, has been at or near the heart of our attempts to tackled climate change for nearly three decades.
Can wave energy rise to the challenge in Australia?
23 Feb 2015
A pioneering wave farm off Perth now generating electricity is an exciting and welcome development.
Shell chief calls for climate action, but what are the motives?
23 Feb 2015
Shell chief Ben van Beurden is pointing the way for oil companies to demand greater certainty over future climate policy.
NZ firm, but Europe bullish
16 Feb 2015
NZUs continue to grind away, closing the week $5.90/$6.00. OMFinancial reports:
Energy-efficiency rules fail US academic's test
16 Feb 2015
Energy efficiency rules in California have failed to cut energy consumption, suggesting that direct action is less effective than carbon pricing in reducing greenhouse gas emissions, a visiting economist says.
EU edges toward 2018 start date for carbon reform
16 Feb 2015
European Union politicians are expected to agree on a compromise 2018 start date for reforms to the Emissions Trading System to try to bridge divisions over efforts to prop up the world's biggest carbon market.
NZ carbon still light in volume
12 Feb 2015
Spot carbon traded 15k at $5.95 at the end of the day yesterday, with the market closing $5.95/$6.00. OMFinancial reports:
Nats' Waitangi promise: We'll talk to Maori about climate change
9 Feb 2015
The Government has said it will work with Maori on the two big climate change/carbon pricing decisions it faces this year – the post-2020 emissions reduction target and the review of the Emissions Trading Scheme.
Iwi leaders lose climate change champion
9 Feb 2015
One of New Zealand’s most influential leaders on climate change has died.
NZU trade light, but volume expected to pick up
9 Feb 2015
Spot NZUs closed last week quietly, with no trading on Thursday. OMFinancial reports:
Trading will be back, say Australian businesses
2 Feb 2015
Most Australian businesses believe the country will return to an emissions trading scheme or a carbon tax by 2020.
Yes minister, but ...
2 Feb 2015
In a piece published in the Guardian recently, Australian Environment Minister Greg Hunt was purported to have once again rejected claims that a price on carbon would benefit emissions reduction targets.
Carbon prices hit two-year high
27 Jan 2015
New Zealand carbon is at its highest price in more than two years.
Energy leaders fret about uncertainties
27 Jan 2015
Energy leaders see price volatility and the future of a climate framework as the biggest uncertainties facing the industry.
NZUs trade at $6
22 Jan 2015
Spot carbon traded at $6.00 yesterday, with a total of 20k transacting from our desk. OMFinancial reports:
New Zealand carbon starts the year on a rise
20 Jan 2015
The spot NZU market has opened the year firm, with spot NZUs trading a range of $6.00 - $6.50. OMFinancial reports:
Dairying costs exceed export income, says report
22 Dec 2014
Dairying is probably costing the country more than it earns in export revenue.
Spot NZUs hold the mid $5s
17 Dec 2014
NZUs seesawed yesterday, opening at $5.40, dipping to $5.25, then climbing to $5.55, before closing at $5.50. OMFinancial reports:
English goes silent on carbon deficit costs
15 Dec 2014
The Government is refusing to discuss what impact a 2030 carbon deficit will have on the economy – despite warnings from Treasury.
Spot NZUs hit two-year high
15 Dec 2014
Carbon ended the week slightly down, though prices remain above $5 with spot NZUs closing at $5.40 on CommTrade. OMFinancial reports:
Spot NZUs hold at $5
9 Dec 2014
Spot NZUs traded between $4.85 and $5.05 yesterday on about 17k. OMFinancial reports:
We're facing a $3b carbon crisis ... and it could be worse
8 Dec 2014
New Zealand has a $3 billion carbon headache looming – and Treasury says that’s the conservative estimate.
The country needs a carbon budget, says pressure group
8 Dec 2014
A climate change lobby group is calling for a national carbon budget and legally binding emissions reduction targets.
Spot NZUs maintain recent highs
8 Dec 2014
Spot NZUs closed Friday at $4.95 on volumes of just over 100,000 tonnes, a rise of 50 cents. OMFinancial reports:
Spot NZUs track higher
3 Dec 2014
NZUs traded higher again, opening at $4.85, trading down to $4.80 and closing back up at $4.85; 18k volume on the day. OMFinancial reports:
Govt hopes Kyoto credits will cover emissions blow-out
1 Dec 2014
The Government will use international Kyoto credits received in what’s known as the KP1 true-up to cover its emissions blow-out.
Memo farmers: Learn to manage your methanotrophs
1 Dec 2014
Farmers could cut their future exposure to carbon prices by looking after the methanotrophs in their soils, a soil scientist says.
Spot NZUs jump
1 Dec 2014
New Zealand carbon jumped 20 cents on Friday; spot NZUs closed $4.55 bid on CommTrade with about 40K volume. OMFinancial reports:
No selling of spot NZUs
12 Nov 2014
Spot NZUs did not trade yesterday, and finished $4.37 on CommTrade. OMFinancial reports:
Experts examine climate impacts on Pacific health
Wed 4 Jun 2025
Media release | The devastating impacts of climate change on health in the Pacific Islands will be discussed at a symposium at the University of Auckland tomorrow, 5 June.
Controversy around NZ’s methane target hits international press
Tue 3 Jun 2025
By Liz Kivi | New Zealand’s approach to methane targets has hit international media, with climate scientists from multiple countries penning an open letter warning Prime Minister Christopher Luxon not to weaken methane targets.
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.
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.
Fight over coal mine heats up
Fri 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.
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.
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.
Surge of lobbying over electricity sector review
Wed 4 Jun 2025
Jostling and lobbying have intensified ahead of the release of a review into the electricity sector.
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.
Death toll from Nigeria flash floods rises to 151
Tue 3 Jun 2025
At least 151 people in central Nigeria are now known to have died following flash floods that destroyed homes and displaced thousands of residents earlier this week.
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.
Environmentalists see forestry changes as dangerous step for Tairāwhiti
Tue 3 Jun 2025
By Zita Campbell, Local Democracy Reporter | Tairāwhiti environmentalists have called changes for commercial forestry under proposed Resource Management Act reforms “a slap in the face” and a return to weaker forestry regulations.
Why expensive gas – not net-zero – is keeping UK electricity prices so high
28 May 2025
The UK’s high electricity prices have become intensely political, with competing claims over the cause of rocketing bills and how best to get them down.
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.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
Fri 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.
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.
Kiwi cleantech companies on the world stage
27 May 2025
Six New Zealand 'cleantech' companies were in Singapore earlier this month, along with a venture capital firm and the MacDiarmid Institute, to meet investors and multinational partners.
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
Fri 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.
World’s nations to gather in France to tackle what UN says is a global emergency in the oceans
Fri 30 May 2025
The world’s nations are gathering in France next month to tackle what the United Nations calls a global emergency facing the world’s oceans as they confront rising temperatures, plastic pollution choking marine life, and relentless overexploitation of fish and other resources.
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
Fri 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.
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.
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.
India, a major user of coal power, is making large gains in clean energy adoption
Wed 4 Jun 2025
One of the most carbon-polluting countries, India is also making huge efforts to harness the power of the sun, wind and other clean energy sources.
A fungus that can ‘eat you from the inside out’ could spread as the world heats up
27 May 2025
Infection-causing fungi responsible for millions of deaths a year will spread significantly to new regions as the planet heats up, new research predicts — and the world is not prepared.
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".
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.
Global sea levels rise spelling catastrophe for coastal towns and cities
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.
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.
