Topics tagged with 'Carbon prices'
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:
Year-end often active
14 Oct 2014
The week started as last week ended - very quiet. OMFinancial reports:
Australia's big emitters might yet be billed
13 Oct 2014
Australian companies could yet face a financial penalty for excessive greenhouse gas emissions.
VOILA! A simple new way to put a price on global carbon
13 Oct 2014
A team of French academics has proposed an international carbon trading system, whereby countries with the highest average CO2 emissions pay the most.
Week ends quietly at $4.40
13 Oct 2014
It was a quiet end to the week, with the market for spot NZUs on CommTrade closing unchanged at $4.40. OMFinancial reports:
Little interest from sellers
8 Oct 2014
Spot NZUs remain quiet, closing at $4.35 on CommTrade yesterday. OMFinancial reports:
NZUs finish week down
6 Oct 2014
Spot NZUs drifted most of last week to close at $4.35 on CommTrade – down about 10 cents. OMFinancial reports:
Memo John Key: Look Pacific leaders in the eye
29 Sep 2014
The Government is being challenged to invite the leaders of the Marshall Islands, Tuvalu and Kiribati to come and tell Parliament what they think of New Zealand’s climate change policies.
MIA ... but it doesn't mean China's not interested
29 Sep 2014
There were a few notable absentees among the more than 120 world leaders gathered in New York for last week's United Nations Climate Summit - and perhaps most notable of all was the head of the world’s highest-emitting nation, China’s President Xi Jinping.
Growth and greening now go together, says Stern study
22 Sep 2014
Governments and businesses can now improve economic growth and reduce their carbon emissions together, says a major new report by a commission of global leaders.
China goes up a gear but still has a lot of work to do
22 Sep 2014
In the lead-up to the UN leaders’ summit on climate change (http://www.un.org/climatechange/summit), China is shifting up a gear in its drive towardsnational emissions trading.
Light action on NZU market
18 Sep 2014
Spot NZUs closed at $4.50 on CommTrade on small volume. OMFinancial reports:
NZUs remain steady
17 Sep 2014
NZUs are relatively quiet and are holding the $4.40 level. OMFinancial reports:
It's simple ... either you believe, or you don't
16 Sep 2014
By editor ADELIA HALLETT.- Voters in this weekend’s general election face a simple choice when it comes to climate change – you either believe it is a real and massive problem requiring transformation of the economy, or you don’t.
We've got the world's lowest carbon prices
8 Sep 2014
New Zealand has the lowest carbon prices in the world, the World Bank says.
Scientists give Australia the really bad news
8 Sep 2014
The Australian government has just received a vitally important report to guide its decisions on the future of Australia’s Renewable Energy Target.
NZUs settle at $4.30
8 Sep 2014
Friday saw some further consolidation in the market, with Spot NZUs settling at $4.30 on CommTrade. OMFiancial reports:
NZ First backs iwi $600m carbon claim
1 Sep 2014
New Zealand First supports an iwi leaders’ bid to raise carbon prices.
Forest owners welcome return of grant scheme
1 Sep 2014
Forest owners are welcoming the reinstatement of the Afforestation Grant Scheme – but say that lifting carbon prices would reverse deforestation overnight.
Foresters like look of climate commission
1 Sep 2014
Forest owners like the Labour Party's plan to set up an independent climate commission.
European carbon prices look set to rise
25 Aug 2014
An international energy market watcher is predicting price rises in European carbon.
Business needs to make climate change stand
18 Aug 2014
There is still an element of climate change scepticism in New Zealand business, says a leading policy analyst.
Experts pinpoint what emissions cost economy
18 Aug 2014
For the first time, economists have put a financial cost on the impact of greenhouse gases released by the industrialisation of developed countries.
Greens have a tempting carbon tax idea
11 Aug 2014
A carbon price is still the best and fairest way to achieve emissions cuts, but as Australia and New Zealand show, it’s not easy to get it right. How could carbon pricing be improved?
Economist rubbishes Govt's $500 power cost claim
4 Aug 2014
Government claims that lifting carbon prices would cost householders $500 more a year in electricity bills have been debunked.
NZU action around $3.90
31 Jul 2014
The price for spot NZUs finished at $3.97 on CommTrade yesterday, with some action in the market around the $3.90 level. OMFinancial reports:
Tianjin carbon market volatile
28 Jul 2014
Spot NZUs closed at $4 on Friday on CommTrade; selling has dissipated to almost nothing. OMFinancial reports:
Europe lacks courage on energy targets
25 Jul 2014
In proposing a 30 per cent rather than a 40 per cent energy demand reduction target, the European Commission is increasing the risks that European Union member states face from fossil-fuel dependence and slowing the economic and social benefits of better insulated homes and lower energy bills.
It's all eyes on the election
25 Jul 2014
New Zealand has had a quiet week, with the market slowly softening as volumes come to market in small parcels, says Westpac's carbon desk.
$4 is the new $3
23 Jul 2014
There is fresh bidding coming into the market from several sources. OMFinancial reports
Carbon tax repeal could leave businesses marooned
18 Jul 2014
In the short term, the repeal of Australia's carbon tax, passed in the Senate yesterday, may provide some relief for businesses and households as electricity bills fall — although possibly not as much as official estimates.
Study shows Australian emissions cuts were working
18 Jul 2014
Carbon emissions in Australia’s national electricity market would have been 11 to 17 million tonnes higher if Australia had not introduced a carbon price.
ETS pay-off puts millions into climate projects
18 Jul 2014
The sale of carbon credits for the first time will finance projects that help to tackle climate change.
Local market quiet, but Europe firm
16 Jul 2014
The spot NZU market continues to drift with trading occurring around the $4 level. OMFinancial reports:
Small flurry on NZU market
15 Jul 2014
We saw some action yesterday in the market, with more than 100K of Spot NZUs trading around the $4 level. OMFinancial reports.
Australian farmers led astray on carbon farming
11 Jul 2014
Australian farmers and rural land owners are being told that they will be given powerful and direct incentives to store carbon in the land under the federal government’s new climate policy.
Scientists accuse Shell of climate doublethink
11 Jul 2014
The world’s biggest oil company has been accused of ‘doublethink’ in claiming that its fossil fuel assets will continue to be highly profitable and in demand, while recognising the need for decisive action on climate change.
NORMAN: The longer we wait the more it will cost
11 Jul 2014
By RUSSEL NORMAN, Green Party co-leader.- Thanks to Federated Farmers’ incoming president William Rolleston for taking the time to write about the Green Party’s Climate Tax Cut in last week’s Carbon News.
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.
