Topics tagged with 'Carbon prices'
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.
Carbon likely to rise under Labour or National
4 Mar 2014
NZUs traded at $3.10 again yesterday, as some post-1989ers continue to sell down. OMFinancial reports:
NZUs might dip, but Europe firm
3 Mar 2014
NZUs hit $3.10 on Friday, predominately on switching activity, but a small amount of outright selling contributed. OMFinancial reports:
Is Beehive about to act on low carbon prices?
28 Feb 2014
The Government might be getting ready to finally take action on dismal domestic carbon prices.
Government knows how we can be carbon-neutral
28 Feb 2014
Planting just over half of New Zealand’s marginal land in forest would make the country carbon-neutral – and the Government knows it.
Big Wood keen on iwi carbon price action
28 Feb 2014
The wood sector is gearing up to join Maori in making carbon prices an election issue.
Could world carbon prices rise 66% this year?
27 Feb 2014
NZUs traded $3.15 yesterday on reasonable volume. OMFinancial reports:
Looking at carbon options
26 Feb 2014
There has been quite a bit of interest expressed recently about trading in NZU Options. OMFinancial reports:
NZUs languish while US and Europe climb
24 Feb 2014
Spot NZUs closed at $3.30 on Friday on small volume, although it looked like there was more supply in the wings. OMFinancial reports:
Angry Maori take carbon case to UN
21 Feb 2014
Frustrated Maori will take their carbon price grievances to the United Nations next week.
Iwi ultimatum earns support of political parties
21 Feb 2014
Iwi threatening to take a claim to the Waitangi Tribunal over carbon prices have the support of at least two major political parties.
Emissions lower under Direct Action, says research
21 Feb 2014
The Australian Government's proposed Direct Action Plan may lead to more domestic emissions reductions than the Carbon Price Mechanism, according to new research.
Turmoil across the Tasman will be felt here
21 Feb 2014
By WAYNE KING. Australia’s media is drip-feeding news and commentary on the economic downturn in Australia - particularly in energy developments, the political turmoil revolving around the current Renewable Energy Target and the current policies related to a price on carbon, through the Carbon Price Mechanism and other initiatives.
NZUs trade up
21 Feb 2014
It was a mixed day yesterday, with the market starting off weaker, at $3.25, but it got progressively paid through the day to close at $3.40. OMFinancial reports:
Some selling of ERUs
20 Feb 2014
We saw a bit of selling come through on spot NZUs yesterday, as long-waited supplies of ERUs hit the market, allowing those post-1989ers looking to exit the ETS to complete their arbitrage by selling a portion of NZUs to acquire ERUs. OMFinancial reports:
NZUs consolidating
19 Feb 2014
NZUs edged down yesterday, on small volume coming from the Post-1989 exiters. OMFinancial reports:
Market poised to move higher?
18 Feb 2014
A day of consolidation yesterday, as Spot NZUs fixed at $3.37 on CommTrade. OMFinancial reports:
Low NZU prices hard tojustifty
17 Feb 2014
The NZU market edged higher again Friday, as sellers retreated. OMFinancial reports:
Maori ultimatum leaves Government unmoved
14 Feb 2014
The Government appears to be ignoring an ultimatum from Maori to fix carbon prices or face the consequences.
Ticking time-bomb in Govt’s failure of leadership on climate – Carr
Tue 9 Dec 2025
By Liz Kivi | The coalition Government’s failure to slash emissions is like pulling the pin on a grenade, handing it to a kid, and saying “hold on tight, she’ll be right”, says former Climate Change Commission chair Rod Carr.
Govt rushes to pass climate law changes under urgency
Today 12:15pm
By Liz Kivi | Legislation to amend the Climate Change Response Act was introduced to Parliament on Monday, and the government intends to rush the changes through under urgency in the next two weeks, avoiding the usual public consultation.
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.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
Second fire tears through Tongariro National Park
Tue 9 Dec 2025
By Shannon Morris-Williams | Fire crews have returned to Tongariro National Park this morning as a fast-moving fire that started yesterday threatens unburnt vegetation and nearby communities, just a month after a major blaze scorched 3000 hectares in the same area.
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.
Carbon News publishes ten-year NZU forward curve
Today 12:15pm
Carbon News has published a new ten-year NZU forward curve mapping how carbon prices could evolve through to 2035 under a range of policy and market conditions.
2025 ‘virtually certain’ to be second- or third-hottest year on record, EU data shows
Today 12:15pm
Copernicus deputy director says three-year average for 2023 to 2025 on track to exceed 1.5C of heating for first time.
KiwiRail pauses coal trains amid rising climate protests
Tue 9 Dec 2025
By Shannon Morris-Williams | Climate activists are ramping up actions this week, with a Christchurch protest leading to KiwiRail pausing some coal train operations on Saturday, and another protest against the Fast-Track Amendment Bill planned for parliament today.
Investors must support positive climate-tech
28 Nov 2025
OPINION: We need better leadership than the current ‘climate opportunism’ that is rife in the Beehive, and we need to back a marketplace that will make it happen, writes Rob Campbell.
$235 billion worth of NZ buildings exposed to flooding
30 Oct 2025
More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.
Al Gore's case for optimism
Mon 8 Dec 2025
This year’s United Nations climate summit in Belém, Brazil had everything: A literal flood, a literal fire, a record-breaking 1,600+ fossil fuel lobbyists, and delegates from oil-producing nations working overtime.
Transport dominates NZ’s rising consumer emissions
Today 12:15pm
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.
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.
NZ just had its hottest spring in at least 116 years
Today 12:15pm
By Shannon Morris-Williams | This year New Zealand had its hottest spring since records began, with widespread heat, rainfall extremes and destructive wind driven by sudden stratospheric warming.
NZ marine heatwaves could double in intensity under high-emissions pathway
16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
Uncertainty eroding confidence in forestry sector
Fri 5 Dec 2025
By Shannon Morris-Williams | Warnings are mounting that tree planting is set to plunge to “very close to zero”, as new Ministry for Primary Industries data shows ETS registration applications falling sharply as confidence in forestry declines.
Media round-up
Fri 5 Dec 2025
In our round-up of climate coverage in local media: Labour’s chronic evasiveness as the Government reneges on climate change; newly released documents reveal the country's new methane target is associated with 'perilous' 2.7C of warming; and New Zealand's 'pitiful' decision on emissions targets comes with costs.
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.”
Analysis: Why COP30’s ‘tripling adaptation finance’ target is less ambitious than it seems
Fri 5 Dec 2025
One of the headline outcomes to emerge from COP30 was a new target to “at least triple” finance for climate adaptation in developing countries by 2035.
Govt ‘scaremongering’ over co-operation – former climate ambassador
Fri 5 Dec 2025
By Liz Kivi | New Zealand’s former top climate diplomat, Kay Harrison, says the Government’s recent comments ruling out buying climate mitigation offshore amount to scaremongering, and the country is missing a chance to give our businesses a boost.
TotalEnergies loses in Paris court, marking a turning point for fossil fuel truth-in-advertising
5 Nov 2025
TotalEnergies was found to have misled consumers about its role in the energy transition.
Tribunal warns govt geothermal strategy risks Treaty breach
2 Dec 2025
By Shannon Morris-Williams | The government's geothermal development strategy risks breaching the Treaty of Waitangi, according to a report from the Waitangi Tribunal released last week.
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.
Insurers welcome govt decision to keep NHC levy unchanged
21 Nov 2025
Media release |The Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa (ICNZ) has welcomed the Government’s decision to leave the Natural Hazards Commission levy unchanged, amid ongoing concerns around the cost-of-living.
Why I’m not outraged at the Govt’s latest climate backsliding
7 Nov 2025
COMMENT: The Government’s latest climate rollbacks underline New Zealand’s long history of a lack of genuine desire to cut emissions, writes Geoff Bertram.
NZ’s rejection of emission targets fuels risk of international law breach
Mon 8 Dec 2025
By Karen Scott, Professor in Law, University of Canterbury | The New Zealand government’s decision this week to reject all of the Climate Change Commission’s emission target recommendations was just the latest in a string of policy statements that weaken the country’s action on climate.
NZ fails to back ‘roadmap’ to phase out fossil fuels at COP
24 Nov 2025
By Liz Kivi | Eighty-six countries including Australia, the UK, Germany, and Ireland backed a proposal at COP30 for national plans on how to quit oil, gas and coal – but New Zealand wasn’t one of them.
Hello, foreign oligarchs and corporations! Please come and sue the UK for billions
3 Dec 2025
COMMENT: The case of a planned Cumbrian coalmine shows how governments around the world are being threatened by litigation in shadowy offshore courts.
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.
Storms in the Southern Ocean are producing more rain – and the consequences could be global
Mon 8 Dec 2025
Storms in the Southern Ocean influence weather patterns across Australia, New Zealand and the globe.
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.
Govt green lights rural recycling scheme
Thu 4 Dec 2025
The Government has approved new regulations to bring rural waste schemes under one unified framework.
RMA replacement bills introduced – fixes are needed
Today 12:15pm
Media release: Environmental Defence Society | In a massive shakeup of our core environmental and planning laws, the Government has introduced legislation to Parliament to replace the Resource Management Act 1991 (RMA).
Shipping movements disrupted as climate change protesters block coal ships
2 Dec 2025
NSW police have arrested 141 people who attempted to block the shipping channel in Newcastle Harbour during Rising Tide protests, which began on Thursday.
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.
Rare win for renewable energy: Trump administration funds geothermal network expansion
Fri 5 Dec 2025
A first-in-the-nation heating and cooling network in Massachusetts is set to double in size.
Comparing climate models with observations
Today 12:15pm
The latest generation of climate models shows too much long-term warming but better reproduces recent trends.
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.
More than $2m up for grabs for low-emissions farming innovation
Today 12:15pm
The Ag Emissions Centre and AgriZeroNZ yesterday opened their 2026 innovation investment round.
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.
Seven EU countries pressure European Commission to rethink 2035 diesel and petrol car ban
Tue 9 Dec 2025
Pressure from EU countries, lawmakers and the automotive industry is likely pushing the European Commission to delay the revision of the bloc's ban on diesel and petrol cars by 2035.
Kaicycle celebrates ten years of collective climate action in Pōneke
14 Nov 2025
Media release: Kaicycle | Since 2015, Kaicycle has grown from a humble pilot project growing kai and collecting compost on bicycles into the thriving urban farm and composting hub that Wellingtonians know and love.
Study provides a step-change in understanding NZ’s groundwater
28 Nov 2025
Media release | Earth Sciences New Zealand has developed a world-first National Groundwater Age Map and a powerful suite of tools to support the sustainable management of our hidden groundwater resources, from national through to local scales.
Wildfires destroy 40 homes and kill a firefighter in Australia
Tue 9 Dec 2025
There were 52 wildfires burning across New South Wales on Monday and nine remained out of control. A total of 20 homes had destroyed over the weekend in that state.
NZ’s energy system at a crossroads – report
21 Nov 2025
A new report says New Zealand’s rapid shift toward a 95% renewable electricity system is at a critical turning point, urging faster consenting, stronger firming solutions and better grid planning.
