Topics tagged with 'Carbon prices'
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:
NZ market lacklustre - for now
11 Nov 2014
NZUs were unchanged yesterday, and the market was completely lacklustre. OMFinancial reports:
Carbon units traffic slows to 3m trickle
10 Nov 2014
Just 3.4 million carbon units passed through the New Zealand Emissions Units Register last month.
Why Australia’s entire power sector should support target
10 Nov 2014
There’s been much talk about how uncertainty over the future of Australia's Renewable Energy Target (RET) is affecting the renewable energy industry.
European carbon very firm on unit cancellation news
4 Nov 2014
NZUs closed at $4.40 on CommTrade yesterday on small volume. OMFinancial reports:
Business leaders praise EU emissions deal
3 Nov 2014
A group of influential business leaders is welcoming Europe's new climate and energy deal.
Honey hits the jackpot for steep-land believer
28 Oct 2014
In 2010, Taranaki farmer Neil Walker was enthusiastic about the potential for a combination of carbon farming and beekeeping to rejuvenate steep-land farming.
NZUs consolidate and look to move higher
28 Oct 2014
This market feels like it’s about to tip to the bid side and move higher. OMFinancial reports:
New Zealand is 'least-cost' carbon
22 Oct 2014
Spot NZUs slipped a little further yesterday to close at $4.30 on CommTrade. OMFinancial reports:
Market remains quiet
20 Oct 2014
The carbon market slipped a little late last week to $4.32 on light volume. OMFinancial reports:
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.
