Topics tagged with 'Carbon prices'
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.
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.
FMA urges sharper focus on climate risk disclosures
Tue 26 May 2026
By Shannon Morris-Williams | New Zealand companies are making steady progress in climate-related financial disclosures, but the Financial Markets Authority says many organisations still need to provide clearer and more robust reporting on physical climate risks and their potential business impacts.
Officials told Govt not to stop climate court case
Today 12:45pm
By Liz Kivi | Government officials advised ministers not to intervene in a groundbreaking climate court case, according to newly released documents.
$30m airline fund risks ‘burning public money’ without lasting benefit – expert
20 Mar 2026
By Shannon Morris-Williams | A $30 million government package to support regional air routes risks delivering poor value for money while increasing emissions, according to transport strategist Tim Adriaansen.
Europe has 'maybe six weeks of jet fuel left', energy boss warns
20 Apr 2026
Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week.
Govt ramps up war on wilding pines with $79m boost
Mon 25 May 2026
By Shannon Morris-Williams | The Government is ramping up efforts to contain the spread of wilding pines with a $79 million funding boost aimed at protecting farmland, biodiversity hotspots, tourism landscapes and water catchments across New Zealand.
Thumbs up for Govt help for businesses transitioning from gas
Tue 26 May 2026
By Liz Kivi | Businesses and climate advocates alike have welcomed the Government’s pre-budget announcement that it will help secure cheap lending for businesses transitioning from gas, as New Zealand’s domestic supply dwindles.
Govt unveils long-awaited voluntary carbon market guidance
15 May 2026
By Shannon Morris-Williams | The Government has released long-awaited guidance for New Zealand’s voluntary carbon and nature markets, as questions continue for the sector despite ministers signalling support for its growth.
China’s new carbon metric leaves Germany-sized gap in its emissions
Today 12:45pm
A major change in the way that China measures its core climate goal has effectively halved the growth in the country’s carbon dioxide emissions over the past five years.
New coal plants hit ‘10-year’ global high in 2025 – but power output still fell
Fri 22 May 2026
The number of new coal-fired power plants built around the world hit a “10-year high” in 2025, even as the global coal fleet generated less electricity, amid a “widening disconnect” in the sector.
Mike Smith’s asymmetric victory
Mon 25 May 2026
By Pattrick Smellie | COMMENT: The New Zealand Government’s recent move, undercutting citizens’ rights and the rule of law to cancel the country’s most important climate case is a massive win for Mike Smith, the climate change activist who brought it.
Green building council calls for clean energy policies
18 May 2026
The New Zealand Green Building Council has released its 2026 election manifesto calling for policies to reduce energy waste in buildings, lower household and business energy costs, and improve New Zealand’s energy security.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
21 Apr 2026
Hungary has played a disproportionate role in EU climate and energy policy in recent years, by repeatedly vetoing climate action and by delaying the phaseout of Russian fossil-fuel imports.
Carbon News updates forward curve
13 May 2026
Carbon News has updated its ten-year NZU forward curve, following a recent rise in spot market prices, with NZUs rallying from about $34 in January to nearly $54 in early May.
LNG vital to prevent economic damage as gas leaves NZ economy
Today 12:45pm
By Pattrick Smellie | Importing natural gas will make the difference between an “orderly” or “chaotic and unnecessarily costly" decline as domestically produced gas runs out, the chief executive of the Gas Industry Company, David Prentice, said yesterday.
Environmental groups call for ETS reform
20 Feb 2026
Several environmental organisations are calling on political parties to make climate and biodiversity central to the 2026 election campaign, with reforming the Emissions Trading Scheme seen as a key priority.
Why temperature records are being not only broken but smashed
Today 12:45pm
Scientists have little doubt that human-caused climate change – largely the result of the burning of coal, oil and gas – has supercharged the heat.
EDS urges MPs to scrap the Fisheries Amendment Bill
5 May 2026
Media release | The Environmental Defence Society today lodged a substantive submission on the Fisheries Amendment Bill.
Biomass sector asks: where did the love go?
18 May 2026
By Pattrick Smellie | New Zealand has sufficient biomass in its plantation forests to replace natural gas for industrial process heat at lower costs than electrification, but is failing to get the attention it deserves, sector leaders say.
Govt’s LNG plan puts trade deals at risk, lawyers warn
Tue 26 May 2026
By Liz Kivi | Lawyers for Climate Action are warning that the government’s plans for an LNG import terminal and to subsidise gas fields are in breach of New Zealand’s free trade agreements with the UK and the EU.
Hipkins pans LNG plan as ‘massive step backwards’
19 May 2026
By Liz Kivi | Labour leader Chris Hipkins has told a Queenstown audience that a Government he leads would not proceed with a planned LNG import terminal, if elected at November’s election.
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.”
New funding for low methane farming uptake
29 Apr 2026
By Pattrick Smellie | The government will co-fund projects under an Early Adoption Accelerator scheme announced today to accelerate the uptake of low emissions farming technologies emerging from the AgriZero public-private partnership.
NZ Govt’s move to halt climate litigation under international scrutiny
19 May 2026
By Liz Kivi | Local and international NGOs have signed an open letter calling on the Government to reconsider its decision to shield major emitters from legal liability for climate-related harm.
Why ‘greenhushing’ signals deeper issues with NZ’s climate risk reporting regime
15 May 2026
By Hang Pham, Te Herenga Waka — Victoria University of Wellington | Most of us are familiar with the concept of greenwashing: organisations exaggerating or overstating their environmental credentials. But in New Zealand, there are signs the country’s climate disclosure regime may inadvertently be driving a very different trend: not saying much at all.
‘Formidable’ El Niño expected this winter
29 Apr 2026
By Liz Kivi | Meteorologists are anticipating a significant El Niño influence on weather patterns across the country from winter onwards, with predicted lower rainfall for some areas and heavier rain for others likely to impact multiple sectors of the economy as well as the carbon market.
Victorian Hydrogen announces Southland urea fertiliser project using coal
22 Apr 2026
By Liz Kivi | Australian-based Victorian Hydrogen has announced it is developing a new 1.5 million-tonne-a-year urea fertiliser operation in Southland, which it will apply for under fast-track legislation.
Media round-up
24 Apr 2026
In our round-up of climate coverage in local media: What is the real cost of storm-hit infrastructure? Urgency is needed over climate adaptation funding; and a community conservation group has won a legal victory against multinational mining company OceanaGold.
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.
Climate resolution conundrum for NZ
Tue 26 May 2026
By Vernon Rive | COMMENT: While the United Nations resolution endorsing a landmark climate ruling is significant – politically, diplomatically and legally – its impact on international climate negotiations and domestic action is likely to be indirect and incremental.
Govt missing tricks to save fuel in crisis
30 Apr 2026
By Shannon Morris-Williams | The Government is being urged to shift its response to the fuel crisis away from short-term relief and towards measures that reduce demand, with public health experts warning it is missing an opportunity to boost energy security and lower household costs.
Climate risks could reshape business finances, new guidance warns
15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
Move to block lawsuits could strengthen climate case against Govt
14 May 2026
By Liz Kivi | The Government’s plan to block climate lawsuits – while potentially fatal for one groundbreaking climate case – could actually bolster claims in another live climate case underway against the Government.
Colombia’s climate crossroads: Trumpism casts shadow over presidential battle
Tue 26 May 2026
Colombia is a global leader in climate activism. Could US influence drag country to a future of mining and fracking?
Geo-heat search explores exhausted oil and gas fields
Today 12:45pm
By Pattrick Smellie | Underground heat from exhausted oil and gas fields are a new target for government-backed efforts to tap geothermal resources for electricity production and industrial use.
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.
Six NZ climate solutions up for 2026 Earthshot prize
Thu 21 May 2026
By Shannon Morris-Williams | Six New Zealand climate and sustainability initiatives have been nominated for the 2026 Earthshot Prize, with the shortlist showcasing Kiwi-led solutions tackling emissions, plastic waste and ocean restoration.
Environmental groups sue Trump administration over approval of new ultra deep-water drilling project
23 Apr 2026
Environmental groups sued the Trump administration on Monday over its approval last month of oil company BP’s ultra deep-water drilling project in the Gulf of Mexico.
Govt had ‘little choice’ in signing key UN climate resolution – expert
Fri 22 May 2026
By Shannon Morris-Williams | Climate policy expert Bronwyn Hayward said it was “shameful’ New Zealand didn’t throw more active support behind a pivotal climate resolution ratified by the United Nations this week.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
ESG funds include petrochemical companies, report finds
5 May 2026
Global banks have invested US$133bn into US petrochemical expansion, even as the industry is linked to climate change.
ETS auction failures created $1.4b fiscal hole – Greens
Today 12:45pm
By Shannon Morris-Williams | Finance Minister Nicola Willis has hit back at the Green Party's claim that the repeated failure of New Zealand’s carbon auctions has added a $1.4 billion 'fiscal hole', with Green Party co-leader Chlöe Swarbrick blaming the Government for undermining the ETS.
New breed of political prisoner arises in Britain as anti-protest sentences rise
Today 12:45pm
More people are being jailed in England and Wales as a result of acting to prevent climate breakdown and the war in Gaza, research reveals.
Green Party calls for national electrification plan
20 Apr 2026
By Liz Kivi | The Green Party is calling for a national plan to electrify homes, transport and industry using renewable energy, to reduce fossil fuel dependence in response to the Middle East crisis.
NZ at risk of falling behind on EV transition
Fri 22 May 2026
By Shannon Morris-Williams | An EV lobby group is warning that New Zealand is at a crossroads on transport electrification, with inconsistent policy settings and lagging charging infrastructure slowing uptake, while global adoption accelerates and fuel price shocks renew interest in electric vehicles.
‘Landmark’ conservation reform bill – boost or bust for nature?
8 May 2026
By Liz Kivi | The Government has announced an overhaul of the country’s conservation system, which environmental organisation Forest & Bird says will undo the work of many generations of Kiwis to protect public conservation land.
Media round-up
Fri 22 May 2026
In our round-up of climate coverage in local media: Shane Jone is urging mining bosses to apply for fast-track before the election, climate risk is changing where investors put their money, and Hiringa gets more hydrogen-fuelled trucks on the road.
Marae solar project boosts sustainability and mana motuhake
Mon 25 May 2026
By Moana Ellis, Local Democracy Reporter | Five marae from Whanganui to Taumarunui are running on solar power and many more could join a major green energy initiative aimed at cutting electricity costs and strengthening community resilience.
Carbon trading schemes cut more emissions than carbon taxes, according to global study
20 Mar 2026
By Shannon Morris-Williams | Carbon trading schemes are more effective than carbon taxes at reducing emissions, cutting fossil fuel use, and accelerating the shift to renewable energy, a global study has found.
VR tool helps communities plan for a safer, resilient future
Today 12:45pm
Media release: University of Canterbury | A newly developed virtual reality (VR) tool could help communities understand flood risks, raise public awareness and give decision-makers clearer information for planning.
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.
Rotorua extends diesel bus contract after NZTA declines extra funding
Mon 25 May 2026
By Mathew Nash, Local Democracy Reporter | Rotorua is stuck with its diesel-powered public buses after a funding snag played a part in setting back plans for zero-emission buses by years.
NZ votes in favour of key UN climate resolution
Thu 21 May 2026
By Liz Kivi | A pivotal United Nations resolution to recognise a landmark International Court of Justice climate ruling has passed with nations voting overwhelmingly in its favour, with New Zealand voting on the same side as Pacific allies who spearheaded the vote.
Project linking food waste to cutting methane emissions gets underway
Today 12:45pm
Media release | Kai Commitment is leading a New Zealand-first project to help understand the connection between food waste and methane emissions and identify effective interventions.
Commission urges Govt action on climate risks
7 May 2026
By Liz Kivi | Climate change currently poses major risks to our water infrastructure with “significant gaps” in readiness to manage risks and increasing hazards, according to the Climate Change Commission.
Why is Northern Ireland facing a growing threat from wildfires?
7 May 2026
Figures show that spring drought events are happening more often while there has been a sharp rise in "fire weather" - a mix of warmth, dryness, and wind that allows fires to ignite and spread rapidly. Experts warn this combination, along with climate change, is creating a longer and more volatile wildfire season.
Global wind and solar power outpace gas for first time in April, report shows
Fri 22 May 2026
Wind and solar combined generated more electricity than gas globally in April for the first month ever, data analysed by UK-based think tank Ember showed on Thursday.
