Topics tagged with 'Carbon prices'
Govt finances still don’t recognise climate liability
17 Oct 2024
Treasury has failed to recognise a liability for New Zealand’s international climate commitments in its latest financial statement, with its position unchanged on the multibillion dollar price tag of purchasing offshore mitigation.
Increased volatility as carbon price inches up towards auction floor
11 Oct 2024
The secondary carbon market saw a slight increase in volatility last week, with carbon trading platform Jarden noting higher volumes above the $62 mark.
Carbon price steady following failed auction
5 Sep 2024
The carbon price on the secondary market stayed steady yesterday following the failed quarterly auction, for which no bidders fronted.
Carbon auction fails again
4 Sep 2024
The September carbon auction has failed, with no bidders fronting at the auction and millions of units now rolling over to the December auction, increasing the likelihood that auction will fail as well.
Market looks to tomorrow’s carbon auction
3 Sep 2024
The carbon price crept up last week, as the market had its second-biggest month of traded volume ahead of tomorrow’s auction, with some commentators saying it’s a done deal that the auction will fail.
Price shocks still possible for carbon market: experts
30 Aug 2024
While the government’s move to slash carbon auction volumes has stabilised New Zealand’s compliance carbon market somewhat, experts say there is still potential for market volatility due to wider uncertainty around climate policy.
Reported emissions down, carbon market up
28 Aug 2024
The Environmental Protection Authority published the latest Emissions Trading Scheme data on emissions and removals earlier this month, with reported emissions down overall, while reported removals increased.
Govt slashes ETS auction volumes
20 Aug 2024
The government has slashed Emissions Trading Scheme auction volumes from next year, following the Climate Change Commission’s advice to reduce the amount of units on offer at auction by more than half.
Carbon market plays waiting game with ETS announcement to come
9 Aug 2024
The carbon price stayed relatively flat last week, but with a high volume of NZUs changing hands, as the market awaits the government’s upcoming announcement on Emissions Trading Scheme settings.
Commtrade makes spot price unavailable
25 Jul 2024
By Liz Kivi | Jarden’s digital carbon trading platform, Commtrade, has locked market watchers and the general public out of viewing its last traded spot price, just as the government said it wanted to improve market transparency.
Carbon market ‘underwhelmed’ by govt climate plan
24 Jul 2024
The carbon market barely blinked last week when the coalition government released its major climate policy, the second emissions reduction plan, which is intended to chart a path to reach climate targets to 2030.
Govt releases emissions reduction plan
17 Jul 2024
Climate change minister Simon Watts has released the second emissions reduction plan for consultation, with proposed changes to the Emissions Trading Scheme including aligning ETS units with emissions budgets and reviewing the free industrial allocation of units.
Govt must not lower ETS auction floor price
11 Jul 2024
By Nigel Brunel | OPINION: The coalition government has undermined confidence in our central mechanism to deal with climate change, the Emissions Trading Scheme, and needs to stop meddling and start building back confidence in the market.
Initial carbon trading boost following stockpile reduction
9 Jul 2024
There was an initial “flurry” of carbon units trading hands on the secondary market last week, following a government update revealing a 25 million decrease in the stockpile of units in private accounts.
Carbon credit ‘stockpile’ down by 25 million units
4 Jul 2024
The NZU ‘stockpile’ has shrunk by 24.5 million NZUs, with emitters surrendering their units ahead of the May 31 deadline removing a hefty chunk of the surplus, according to the latest government figures.
Where did govt suggestion for lower NZU prices come from?
3 Jul 2024
When a recent consultation on Emissions Trading Scheme settings suggested a lower pricing corridor for NZUs, prices in the secondary carbon market plummeted and have continued to stay moribund.
Carbon market: auction floor now 'ceiling price'?
27 Jun 2024
By Liz Kivi | The price of NZUs has hovered around the $50 mark following last week’s failed auction, with some experts saying the auction floor price of $64 now represents a kind of “ceiling price” which secondary market trading will stay below.
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.
Wait for the emissions reduction plan: Watts
20 Jun 2024
By Liz Kivi | The failure of yesterday’s carbon auction doesn’t mean the Emissions Trading Scheme isn’t working, according to climate change minister Simon Watts.
June carbon auction fails
19 Jun 2024
As market participants were predicting, this morning's carbon auction has failed, leaving millions of units to roll over to the next auction, and increasing the likelihood that the rest of this year’s auctions will fail as well.
Carbon auction preview: Experts predict likely failure and govt lost revenue “own goal”
18 Jun 2024
Experts are picking tomorrow’s carbon auction will fail, with no incentive for participants to bid at prices more than 20% higher than the current secondary market price.
ASX to offer NZU futures contracts
17 Jun 2024
The Australian Securities Exchange is set to launch futures contracts for New Zealand Units in July.
Carbon price up 20%
6 Jun 2024
The NZU price has jumped more than 20%, up from about $45 early last week, last fixing at $56 on the Commtrade platform this morning.
Budget prioritises adaptation over emissions reductions
31 May 2024
The government is prioritising stop banks and floodwalls over initiatives to reduce emissions, with the $1.2bn Regional Infrastructure Fund to focus on climate resilience efforts, while hundreds of millions of dollars of funding for conservation efforts has been cut.
Govt blamed for low carbon price
22 May 2024
By Liz Kivi | The carbon price hit a ten-month low on the secondary market on Monday, with NZUs trading at about half the price of the commodity’s all-time high of $88.50 in November 2022.
ETS alone won’t decarbonise NZ: businesses representing 40% of country’s GDP
22 May 2024
The Sustainable Business Council and Climate Leaders Coalition say that depending on the ETS alone to reach net zero will cause significant harm to the economy.
ETS consultation: ‘signal versus noise’ suggests eventual price rise
21 May 2024
By Murray McClintock | COMMENT: Although changing prices makes a good soundbite, the key driver of ETS prices is unit supply and demand.
Carbon price sinks to lowest in ten months
20 May 2024
The carbon price is down nearly 11% since last week, as the market reacts negatively to a government consultation suggesting weaker ETS settings.
Carbon pricing works: major meta-study
17 May 2024
Media release | Carbon pricing systems achieve between 5% and 21% emission reductions in their first few years of operation, according to a new study.
Jury out on how ETS consultation will impact carbon market
16 May 2024
The government’s latest consultation on Emissions Trading Scheme settings will be difficult for the market to translate into clear positive or negative signals - with uncertainty remaining around forestry, according to an expert.
ETS consultation suggests lower prices for NZUs
15 May 2024
A new consultation document from the Ministry for the Environment suggests lowering the auction floor price for the Emissions Trading Scheme, as well as lowering the trigger price for the cost containment reserve.
Enough fiddling: The ETS needs to be allowed to do its job
10 May 2024
By Andrew Cushen | OPINION: While it isn’t perfect, the Emissions Trading Scheme is the only tool in our climate response that is working at the scale we need to meet the challenge in front of us. Turning this off or restricting it will impact us all environmentally, socially, and economically.
Govt looking at policy to restrict forestry in the ETS: Watts
7 May 2024
By Liz Kivi | The government is looking at complementary policies around land use to restrict forestry in the Emissions Trading Scheme, rather than making changes directly to the scheme.
NZU stockpile grows to 169 million in last quarter
3 May 2024
The NZU stockpile is up about 9 million tonnes, according to the latest quarterly update from the Environmental Protection Authority.
Carbon market ‘rational’: Shaw
30 Apr 2024
Former climate change minister James Shaw says the low carbon price is the market acting rationally to current policy settings and what is likely to come in the future.
Climate Change Minister now in Cabinet after reshuffle
26 Apr 2024
Climate Change minister Simon Watts now has a seat at the Cabinet table.
Commission’s advice ‘not gospel’ - Willis
12 Apr 2024
The finance minister and associate Climate Change minister told a business gathering that the Climate Change Commission is not “a deity” and its Emissions Trading Scheme advice was “not gospel”.
Lack of policy direction to blame for low carbon price?
11 Apr 2024
The carbon price continued its post-auction slump, with weak demand seeing the secondary market trading well below the auction floor.
Transport policy threatens climate targets
2 Apr 2024
By Robert McLachlan | OPINION: The government’s move to drop climate considerations from land transport policy constitutes climate denial - and puts Aotearoa’s first emissions reduction plan at risk.
Carbon price makes partial recovery
25 Mar 2024
The carbon price has increased slightly from an eight-month low on Wednesday, following the government’s Emissions Trading Scheme auction, but is still trading well below the auction floor.
Carbon price nosedives following auction
21 Mar 2024
By Liz Kivi | The carbon price has dropped to its lowest since July last year, following yesterday’s partial auction clearance.
NZU price has greater impact on cost of electricity than petrol
21 Mar 2024
By Jeremy Rose | Counter-intuitively an increase in the price of carbon adds more to a household’s electricity bill in percentage terms than its petrol one.
First ETS auction of the year partially clears
20 Mar 2024
Today’s Emissions Trading Scheme auction has partially cleared.
Carbon price scraping the auction floor just ahead of Wednesday's auction
18 Mar 2024
The carbon price is at its lowest in nearly six months, with poor investor sentiment just ahead of the first auction of the year on Wednesday.
Tepid market response to Commission’s advice - auction less than a week away
14 Mar 2024
By Liz Kivi | The Climate Change Commission’s call to drastically reduce Emissions Trading Scheme auction volumes has barely caused a blip on the secondary market - suggesting participants don’t think the government will follow the advice.
Reduce the ETS ‘stockpile’ - Climate Commission sends strong message to govt
12 Mar 2024
The Climate Change Commission is recommending that the government significantly reduces the amount of ‘pollution permits’ it auctions under the Emissions Trading Scheme, and is warning that policy settings are undermining the ETS.
Govt changes ETS reserve price methodology ahead of auction
11 Mar 2024
The government has announced it has changed the methodology used to calculate the confidential reserve price for Emissions Trading Scheme auctions, as the NZU price gains ground in recent days.
Govt still committed to 'no significant changes' to ETS
7 Mar 2024
Despite warnings from the Climate Change Commission, Climate Change minister Simon Watts says the government remains committed to no significant changes to the Emissions Trading Scheme.
Foresters welcome ETS costs review
1 Mar 2024
The New Zealand Forest Owners Association says the review of Emissions Trading Scheme fees is a relief for foresters facing excessive costs, but experts say forestry still faces an uncertain future under the scheme.
Contact on electricity and carbon prices
26 Feb 2024
Contact Energy said it is inevitable that retail electricity prices will have to rise in line with long term wholesale prices and is also predicting that carbon prices will rise as well.
What happens to net zero if the trees don’t survive?
Wed 20 Aug 2025
When climate change undermines the climate plan.
Media round-up
Fri 22 Aug 2025
In our round-up of climate coverage in local media: The climate advice the government didn't want you to see; New Zealand's groundbreaking climate law has become ‘a shell’; and could the Electricity Authority be about to inadvertently increase power prices?
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Why plane turbulence is becoming more frequent - and more severe
6 Aug 2025
As climate change shifts atmospheric conditions, experts warn that air travel could become bumpier: temperature changes and shifting wind patterns in the upper atmosphere are expected to increase the frequency and intensity of severe turbulence.
Bolivia will choose a new president but environmental activists see little hope of progress
Fri 22 Aug 2025
Many Indigenous and environmental leaders doubt the election will bring progress in stopping deforestation, wildfires or pollution in the Amazon.
Media round-up
15 Aug 2025
In our round-up of climate coverage in local media: Australia could be about to leapfrog New Zealand on climate targets; 'strangled' rivers are fighting back; and 10 rangatahi will join Aotearoa New Zealand’s delegation at the United Nations' major climate conference in Brazil.
‘Problems looming’ for Govt's key climate tool
Fri 22 Aug 2025
By Liz Kivi | There are serious unresolved issues for the Emissions Trading Scheme which mean it could become unstable and ineffective at driving emissions reductions, according to the Climate Change Commission.
Record solar growth keeps China’s CO2 falling in first half of 2025
Fri 22 Aug 2025
Clean-energy growth helped China’s carbon dioxide (CO2) emissions fall by 1% year-on-year in the first half of 2025, extending a declining trend that started in March 2024.
Coal mining company continuing with fast-track plans despite costly protest
Fri 22 Aug 2025
By Shannon Morris-Williams | A marathon 23-day coal bucket occupation protesting Bathurst Resources' plan to mine the Denniston Plateau ended on Tuesday, when Climate Liberation Aotearoa activists Rachel Andrews and Tāmati Taptiklis climbed down from the 80-metre high Stockton mine ropeway and were taken into custody.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
What does 'drier' really mean in 'green' homes?
1 Aug 2025
Media release - Waipapa Taumata Rau, University of Auckland | Researchers say green-rating systems could improve clarity and effectiveness by explicitly defining ‘drier’ and using two measures of humidity.
RMA to speed up fossil fuel consents
Mon 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.”
Certainty crucial to emissions cuts – Watts
Wed 20 Aug 2025
By Shannon Morris-Williams | Climate Change Minister Simon Watts says that policy certainty is the Government’s primary lever for unlocking private capital and meeting climate targets, telling a carbon forestry conference that ETS settings are 'locked' through 2030.
Why helping customers electrify is a growth opportunity for energy retailers
Fri 22 Aug 2025
Media release – Cogo | The global shift to a low-carbon economy is transforming the energy market. For energy retailers, this shift brings both pressure and possibility.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
Nearly half of Kiwi in the dark about risks facing their homes
Fri 22 Aug 2025
Media release – Tower | As weather events become more frequent and extreme its important people have information about the risks that could affect their property.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Cyclone Gabrielle’s intense rainfall made landslides inevitable
Wed 20 Aug 2025
Cyclone Gabrielle was one of the most extreme landslide-triggering events ever recorded globally.
Shane Jones on climate change – it’s real, but…
15 Aug 2025
By Pattrick Smellie | New Zealand First deputy leader Shane Jones believes climate change is real, but is uninterested in what is causing it and primarily focused on adapting to it.
A modest geothermal strategy
31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
Governments in Global South get dedicated support to tap into carbon markets
Thu 21 Aug 2025
Media release – VCMI | A new toolkit will help emerging markets and developing economies decide how best to generate and sell carbon credits to access climate finance, accelerate innovation and help close the $1.3 trillion climate finance gap.
How the meat industry uses environmental groups to make beef seem climate-friendly
11 Aug 2025
The meat industry may have enlisted environmental groups to persuade people to “feel better” about eating beef, despite the sector’s ballooning emissions of climate-heating pollution.
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.
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.
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.
Forestry sector could take legal action over ETS changes
14 Aug 2025
By Liz Kivi | The forestry sector is threatening legal action against the Government over changes to legislation intended to limit whole farm-to-forest conversions in the Emissions Trading Scheme.
Forestry the source of all ETS risk, says top economist
15 Aug 2025
By Shannon Morris-Williams | Forestry is the source of all of the risk in New Zealand's Emissions Trading Scheme and it's inevitable that the scheme has to be reformed, according to Parliamentary Commissioner for the Environment chief economist Geoff Simmons.
Govt opts for status quo for ETS auctions
Tue 19 Aug 2025
By Liz Kivi | The government has chosen not to increase auction volumes in the Emissions Trading Scheme, a decision applauded by carbon market insiders and climate campaigners alike, despite it contradicting the Climate Change Commission’s advice.
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.
Oil states accused of using scare tactics in bid to sink green shipping deal
12 Aug 2025
Saudi Arabia, Iran and other oil-reliant countries are campaigning to stop the adoption of the IMO’s Net-zero Framework in October.
Brazil issues last-ditch plea for countries to submit climate plans ahead of COP30
Wed 20 Aug 2025
Only 28 countries have submitted carbon-cutting proposals to the UN, with some of the biggest emitters yet to produce plans.
Backlash over govt conservation changes
4 Aug 2025
By Shannon Morris-Williams | The government’s proposed changes to the Conservation Act are the most significant roll back in conservation protections in a generation, according to the Green Party.
Failed plastic treaty 'significant disappointment'
Mon 18 Aug 2025
The failure of negotiations on a legally-binding global plastics treaty is a "significant disappointment," but no treaty is still better than a weak one, according to a New Zealand expert.
Strong NZ representation in upcoming global climate report
Thu 21 Aug 2025
By Shannon Morris-Williams and Liz Kivi | Eighteen New Zealanders are among more than 600 experts appointed by the IPCC for its next painstaking scientific deep dive into the drivers of climate change, its impacts and future risks, and how adaptation and mitigation can reduce those risks.
Activists facing intimidation tactics at Bathurst mine
Tue 19 Aug 2025
By Shannon Morris-Williams | Climate Liberation Aotearoa activists suspended 80m high in a coal bucket at a the Stockton mine on the West Coast say coal mining company Bathurst Resources is using ‘hostile’ tactics to try and remove them.
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.
The US Department of Agriculture bans support for renewables, a lifeline for farmers
Thu 21 Aug 2025
The agency said it’s concerned that farmland is being consumed by wind and solar facilities – which occupy a tiny fraction of the country’s productive acres.
Will reflective roofs help beat the heat?
15 Aug 2025
Media release - University of Auckland | About 500 roofs across four continents have been painted with a reflective coating, as part of research into tackling the health impacts of climate change.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Carbon price underperforming: Environment secretary
13 Aug 2025
By Liz Kivi | The government has been focussed on reducing the Emissions Trading Scheme ‘stockpile’ and carbon prices should rise soon, according to the Secretary for the Environment.
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.
African $60 billion high-speed rail project takes shape
15 Aug 2025
One of the largest infrastructure projects in Africa has received a new update that could see construction begin soon.
'Yet another rate': Franz Josef ratepayers balk at $2.8m stopbank extension
4 Aug 2025
By Lois Williams, Local Democracy Reporter | Franz Josef ratepayers have given the thumbs down to plans for a $2.8 million stopbank extension to protect the town’s sewerage plant from the Waiho River.
Warmer end to winter but dry spell expected over southern lakes
5 Aug 2025
As hydro lake levels hover just below average levels, climate forecasts indicate that warmer than usual weather conditions will reduce demand, but there will likely be less rain over the southern hydro lakes as New Zealand moves towards spring and summer.
Record UK wildfires have burned an area twice the size of Glasgow in 2025
12 Aug 2025
Wildfires have scorched more than 40,000 hectares of land so far this year across the UK – an area more than twice the size of the Scottish city of Glasgow.
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.
