Topics tagged with 'Carbon prices'
Register handles 10 million units
4 Jul 2014
More than 10 million carbon units were transferred on the New Zealand register last month – the lowest number since January.
Coal forever? It depends on what we do now
4 Jul 2014
At the recent midyear UN climate negotiations in Bonn, an unprecedented 60 countries (including Germany) called for a total phase-out of fossil fuels by 2050, as part of a global agreement on climate change to be concluded in Paris in 2015.
Good support for NZUs in $4 range
30 Jun 2014
Spot NZUs are steady, closing at $4.20 on light volume. OMFinancial reports:
Millionaire miner rocks Canberra carbon camp
27 Jun 2014
Australia’s emissions trading scheme is on again. Maybe.
Carbon tax won't fix troubled ETS, says report
27 Jun 2014
New Zealand's emissions price beacon is "obscured in the fog of policy uncertainty", but dumping it in favour of a carbon tax isn't the only way to fix it, say Motu Research's Catherine Leining and Suzi Kerr.
Australian Senate likely to pass carbon tax repeal
27 Jun 2014
The bill to repeal Australia’s carbon tax is poised to pass the Senate, potentially leaving Australia without a working price on carbon.
Market watchdog welcomes Palmer move
27 Jun 2014
An international carbon market watchdog is welcoming Australian politician Clive Palmer's shift on climate change.
All quiet on carbon front
27 Jun 2014
NZUs remain quiet, with many participants absent from the market. OMFinancial reports:
Maori act to mobilise carbon-conscious voters
20 Jun 2014
Maori angry about the Government’s twin failures over carbon prices and sustainable economic development are looking to mobilise the crucial 18-to-34-years-old vote.
NZUs down 20 cents yesterday
4 Jun 2014
The Greens announcement that it would replace the Emissions Trading Scheme with a carbon tax has definitely taken the wind out of the sails of Spot NZUs. OMFinancial reports:
ETS more workable than carbon tax, says Labour
3 Jun 2014
Labour says that it will be easier to lift carbon prices under the Emissions Trading Scheme than under a carbon tax, as proposed by the Greens.
Greens: Climate change biggest issue world has faced
3 Jun 2014
"They used to call climate change the biggest issue of our time; more recently, I've heard it described as the biggest issue of all time." Green Party co-leader RUSSEL NORMAN on why his party will replace the Emissions Trading Scheme with a carbon tax:
Angry iwi to file carbon prices Treaty claim
30 May 2014
A $600-million Treaty of Waitangi claim over the Government’s climate change policies and carbon prices is to go ahead.
Carbon prices on steady upward path
23 May 2014
Domestic carbon prices are up 25 per cent on last week – and are still climbing.
NZUs trade up on back of forestry announcement
19 May 2014
The main regular supply of NZUs dried up on Friday, after the Government announced that post-1989 forest owners could not de-register (and re-register) with ERUs, effective immediately. OMFinancial reports:
Maori unhappy about having to back carbon move
16 May 2014
The Maori Party says it is being forced against its will to support Government moves to stamp out arbitrage by one sector of the carbon market.
Coal use spiking climate mitigation costs
16 May 2014
The global cost of pegging global warming to 2deg has risen by $8 trillion in the past two years, due to soaring coal use which has eclipsed the roll-out of renewable energies, says a new report.
Canberra finds ways to implement emissions plan
9 May 2014
The Australian Government will be able to implement its Emissions Reduction Fund in July - but business may bypass the scheme in year one.
California moves on offset units
9 May 2014
California issues the first round of second-generation offset units (CCO3s), and the United States and China hold high-level talks on climate change as that country looks to expand its pilot emissions trading schemes.
NZUs trade the higher end of the range
6 May 2014
NZUs traded at $3.09 yesterday. OMFinancial reports:
It's surrender month
2 May 2014
CommTrade fixed at $3.02 yesterday on a very quiet day. OMFinancial reports:
NZUs home on the range
1 May 2014
Small trades yesterday, as spot NZUs bedded down in the $3.00-to-$3.10 range. OMFinancial reports:
Aussie Greens gain, but the rest is much the same
24 Apr 2014
The theme of the past 30 days – much like the past 12 months – has been politics, with market focus squarely on the Western Australia Senate election re-run on April 5 and the implications for the balance of power in the new Senate from July 1, says market analyst Reputex.
Householders doing their bit in Australia
24 Apr 2014
The latest review of Australia’s energy-saving appliance scheme has delivered a rare trifecta: a good news story for the economy, the community and the environment.
Climate policy and the need for clarity and certainty
24 Apr 2014
Cutting emissions now makes business sense for industry, writes TAMARYN NAPP, a research associate at Imperial College, London.
March busy month for trading carbon units
4 Apr 2014
TWENTY-THREE million carbon units were traded on the New Zealand market last month.
We need a price target range, says forest expert
28 Mar 2014
A LEADING forestry services executive is calling on the Government to set a target range for carbon prices.
Not worth it, say international traders
28 Mar 2014
INTERNATIONAL carbon traders say there is little incentive for the private sector to get involved in carbon-sequestering forestry projects.
International wrap-up
28 Mar 2014
WESTPAC'S carbon desk takes a look at developments on international markets.
Buying interest in NZUs
27 Mar 2014
It was a quiet day yesterday, with little trading in NZUs. OMFinancial reports:
Spot NZUs still over $3
26 Mar 2014
Spot NZUs closed again at $3.07, circa 50k volume. OMFinancial reports:
NZUs find support at $3
25 Mar 2014
The local carbon market continues to find support above $3, closing at $3.07. OMFinancial reports:
Carbon price inaction could hurt Nats at poll
21 Mar 2014
National could feel at the ballot box its failure to take action on carbon prices and lack of vision on forestry.
Carbon price breach of rights, says Maori leader
21 Mar 2014
Maori Party co-leader Tariana Turia has weighed into the row over low carbon prices, describing the loss of value of credits given to Maori in Treaty of Waitangi settlements as a breach of human rights.
BP urges progress on global carbon price
21 Mar 2014
By ED KING .- Oil giant BP says regional and national carbon pricing policies are likely to be the best way to tackle climate change.
NZUs trade good volume around $3.05
21 Mar 2014
A good volume day yesterday, with 100,000 tonnes trading between $3.05 and $3.10. OMFinancial reports:
Prices consolidate in quiet market
20 Mar 2014
Spot NZUs consolidated yesterday, finishing at $3.00, but overall the market is very quiet. OMFinancial reports:
Speculators back in the market
18 Mar 2014
It was a quiet start to the week for local carbon yesterday. OMFinancial reports:
Beehive still silent on demand to lift carbon prices
14 Mar 2014
There’s still no word from the Government on whether it will boost carbon prices to avoid a $600 million Treaty of Waitangi claim.
NZUs trade at $3 and may test high $2s
12 Mar 2014
The market dealt $3 yesterday for nearly 100k. OMFinancial reports:
Reluctant PM fends off $600m iwi ultimatum
7 Mar 2014
The Prime Minister says he accepts that 50,000 new jobs would be created by Maori following through on a promise to plant one million hectares of new forest if the Government lifts carbon prices.
What's happening on international markets
7 Mar 2014
Westpac traders take a look at developments in international carbon market:.
Stand-off sets in on the spot market
7 Mar 2014
We are seeing a classic Mexican standoff in the spot NZU market -100K on the offer at $3.10, facing similar bids at $3.05. OMFinancial reports:
NZUs well-supported at $3
6 Mar 2014
Smalls traded in NZUs yesterday; the bid and offer have healthy volumes at present. 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.
