Topics tagged with 'Carbon prices'
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:
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.
Govt unveils National Adaptation Framework
Thu 16 Oct 2025
By Shannon Morris-Williams | Minister of Climate Change Simon Watts has revealed the first actions under New Zealand’s National Adaptation Framework, which sets out the Government's approach to the rising risks from natural hazards such as floods and storms.
All carrot, no stick for farmers on methane
Fri 17 Oct 2025
By Pattrick Smellie | COMMENT: The abandonment of methane emissions pricing and the adoption of a weaker target is effectively the last nail in the coffin of the historic cross-parliamentary consensus embedded in the Zero Carbon Act 2019.
NZ needs to be part of a regional SAF strategy: Z, Air NZ
9 Sep 2025
By Pattrick Smellie | New Zealand needs to be part of a regional strategic approach to sourcing sustainable aviation fuel (SAF), with domestic production less the aim than ensuring access to the fuel from one of a number of strategically positioned bio-refineries around the world.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
NZ not 'holding the line' on wilding pine management – experts
Wed 15 Oct 2025
By Shannon Morris-Williams | New Zealand is no longer “holding the line” against invasive threats, with the country’s scale, remoteness and rugged terrain making control costly and complex, one expert has said ahead of this week's Wilding Pines Conference.
Researchers say sealing old oil wells with bio-oil from crop waste is a dual carbon-removal solution
19 Sep 2025
A new analysis shows that oil made from corn husks, wood chips, and other waste could plug greenhouse gas-belching abandoned oil wells while sequestering carbon for about $152 per ton.
Broker predicts all this year’s carbon auctions will fail
10 Oct 2025
By Liz Kivi | Marex New Zealand is forecasting that the government will sell no ‘pollution permits’ at the NZU auctions this year, with a significant gap continuing between secondary market prices and this year’s $68 auction floor price.
UN agency says CO2 levels hit record high last year, causing more extreme weather
Fri 17 Oct 2025
Heat-trapping carbon dioxide levels in the atmosphere jumped by the highest amount on record last year, soaring to a level not seen in human civilisation and “turbo-charging” the Earth’s climate and causing more extreme weather.
Electricity to remain in ETS
1 Oct 2025
By Pattrick Smellie | The Government has rejected Frontier Economics' recommendation that electricity should be removed from the Emissions Trading Scheme.
The merchants of doubt are back
3 Sep 2025
OPINION: If you don’t follow climate policy closely, you might not know that the Trump administration is launching an effort to overturn one of the most fundamental pillars of American climate policy.
Milestone for NZ Steel electrification
10 Sep 2025
By Pattrick Smellie | NZ Steel has passed an installation milestone for its new electric arc furnace, which will reduce emissions from the Glenbrook steel mill site by as much as one megatonne (1Mt) a year.
UN limits staff at COP30 climate summit over accommodation concerns
19 Sep 2025
High hotel prices for Brazil's COP30 climate summit in November have prompted the United Nations to urge its staff to limit attendance, while government delegations are still scrambling to find rooms within their budgets.
Unlocking the national potential of flexible energy use through residential appliances – EECA calling for submissions
Thu 16 Oct 2025
Media release | EECA is asking for feedback from the energy sector on a newly published green paper about unlocking the potential of demand flexibility through end-use products, such as appliances, used in New Zealand homes.
From nuisance to crisis: New report on pest wasps In Aotearoa
24 Sep 2025
Media release: Moths and Butterflies NZ Trust | Just published is the Final Report of the Pest Wasps Survey carried out by the Moths and Butterflies of NZ Trust (MBNZT) offering a comprehensive look at New Zealanders’ awareness, experiences, and attitudes toward wasps and the growing ecological, health, and social issues associated with them.
Difficult trade-offs ahead for climate adaptation
Fri 17 Oct 2025
By Shannon Morris-Williams | While climate impacts are already here, bringing the urgent need to accelerate effective adaptation now, the Government's newly minted adaptation framework still leaves important questions unanswered about who will pay.
NZ marine heatwaves could double in intensity under high-emissions pathway
Thu 16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
World falling far behind deforestation goals with farms and fires driving loss, report says
Wed 15 Oct 2025
The report said the world permanently lost 8.1 million hectares (20 million acres) of forest, an area about the size of England, in 2024 alone.
‘Damp squib’ – Govt energy plan slammed for locking in fossil fuels
2 Oct 2025
By Shannon Morris-Williams | Critics across business, climate groups and the opposition say the Government’s electricity reforms duck structural change, double down on LNG and gas, and offer little relief for soaring power prices – warning of an “expensive white elephant", deeper energy poverty and a missed chance to scale renewables.
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.”
Climate investment is only growth opportunity of 21st century, says leading economist
Wed 15 Oct 2025
Investment in climate action is the economic growth story of the 21st century, while growth fuelled by fossil fuels is futile because the damage it causes ends in self-destruction, the economist Nicholas Stern has said.
Where’s Watts? Climate Minister no-show at climate conference
Thu 16 Oct 2025
By Liz Kivi | Opposition parties have slammed the Climate Change Minister’s failure to front up to a major international conference in Christchurch, saying it shows that climate adaptation is a low priority for the National Party.
Climate credibility gap widening for Aussie firms
1 Oct 2025
By Pattrick Smellie | Australian public companies’ climate change commitments are in retreat, reflecting difficulty in achieving stated targets and increased fossil use, but not because of any pressure to make less effort, according to a study of major companies’ ESG reporting.
Coal imports up 650%
12 Sep 2025
By Shannon Morris-Williams and Liz Kivi | Coal imports are up 650% as generators stockpile the most polluting fossil fuel ahead of next winter.
Hiringa eyes green methanol plant near Whanganui
29 Jul 2025
By Pattrick Smellie | Green hydrogen pioneer Hiringa Energy is deep in planning to develop an “eight-to-nine figure” methanol plant near Whanganui, using a combination of biomass and hydrogen produced using renewable energy.
Study warns climate leadership falling short in NZ
1 Oct 2025
Media release - Waipapa Taumata Rau, University of Auckland | Research suggests New Zealand’s climate leadership is falling short, with current adaptation efforts focused on property and cost-cutting rather than protecting communities.
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.
Judge dismisses suit by young climate activists against Trump’s pro-fossil fuel policies
Fri 17 Oct 2025
Plaintiffs had ‘overwhelming evidence’ of climate crisis but a court injunction would be ‘unworkable’, ruling says.
'Non-negotiable' – EU carbon pricing to hit Kiwi exporters, expert warns
11 Sep 2025
By Shannon Morris-Williams | High carbon exports will inevitably face a high carbon tax at the EU border, possibly in the next five years, and high methane agricultural products might not be exempt, an international expert told a local audience yesterday.
Deep sea mining threatens sharks, rays and ghost sharks
6 Oct 2025
Mining the world’s deep seas for metals will likely threaten many species of sharks, rays and chimaeras (ghost sharks), according to researchers.
Govt promises ‘earlier action’ in response to Commission’s warning climate targets at risk
Fri 17 Oct 2025
By Shannon Morris-Williams | The Government says it will “explore opportunities for earlier action” ahead of the third Emissions Reduction Plan, and has committed to looking at ways to stop the system of free carbon credits for industrial polluters from disincentivising industrial decarbonisation.
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.
‘Weird and sad’ – Tuvalu Climate Minister condemns NZ halving methane target
Wed 15 Oct 2025
By Liz Kivi | Dr Maina Talia, Tuvalu’s Minister for Home Affairs, Climate Change, and Environment, says he’s surprised at New Zealand’s decision to weaken its target for reducing methane emissions – and is planning to take up the issue with his counterpart Climate Minister Simon Watts this week.
NZ’s biggest ever climate meeting kicks off
Tue 14 Oct 2025
By Liz Kivi | The world's largest climate adaptation conference kicked off in Christchurch yesterday, with nearly 2000 attendees expected, making it potentially the biggest international climate meeting Aotearoa New Zealand will ever host.
Bottom trawling a triple threat to marine environments - new report
9 Oct 2025
Media release | Greenpeace is calling for urgent action to restrict bottom trawling after a new government report highlights the compounding effects this destructive fishing method has on climate change, habitat degradation and biodiversity loss.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Councils need funding tools to address climate challenges – LGNZ
Fri 17 Oct 2025
Media release | Local Government New Zealand is welcoming the Government’s new National Adaptation Framework, while cautioning that councils will struggle to meet its new expectations without additional funding tools.
Students repeat request for Victoria University to divest from fossil fuel investments
24 Sep 2025
Media release | A group of students campaigning for climate action at Victoria University of Wellington have dropped a banner protesting against the university’s lack of action on its 2014 commitment to divest from fossil fuels.
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.
Record global renewable energy growth remains short of climate target, report says
Thu 16 Oct 2025
A new report finds that a record amount of global renewable energy capacity was added last year, but that still leaves countries “short of targets towards meeting a UN climate goal to triple capacity by 2030”.
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.
Climate scientists and republican lawyers are taking aim at Big Tech’s emissions
Fri 17 Oct 2025
Technology companies have long been one of the biggest investors in clean energy, but new accounting rules could upend that.
Last minute change to oil and gas legislation over cleanup costs
31 Jul 2025
By Liz Kivi | The government is expected to repeal the oil and gas ban today, with a last-minute amendment handing discretionary power to two ministers over the controversial issue of decommissioning.
For Australia to get moving on electric vehicles, we must ban petrol and diesel cars by 2035
Fri 17 Oct 2025
COMMENT: If nothing is done, transport is projected to be Australia’s largest emissions source by 2030.
Fix it, don't ditch it: University of Auckland hosts first Repair Cafe
9 Oct 2025
Media release - Auckland University | The University's first-ever Repair Cafe is bringing students and staff together to give broken items a new lease on life, while promoting a culture of repair and reuse.
Farmers face heightened solvency risks as climate changes: research
10 Oct 2025
By Pattrick Smellie | Increasingly volatile weather patterns, higher insurance costs driven by climate change risk and global financial volatility represent risks to New Zealand farmers’ capacity to service debt and remain solvent, according to new research by Christchurch-based research firm Kōmanawa Solutions.
‘Con,’ ‘scam,’ ‘hoax’: Trump’s UN speech on climate
24 Sep 2025
The president used a large chunk of his hour-long speech to world leaders to condemn climate science and clean energy policies.
Trump administration moves to revoke permit for Massachusetts offshore wind project
24 Sep 2025
The Trump administration has moved to block a Massachusetts offshore wind farm, its latest effort to hobble an industry and technology that President Donald Trump has attacked as “ugly” and unreliable compared to fossil fuels such as coal and natural gas.
