Topics tagged with 'Carbon prices'
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.
Iwi forest plan key to processing boom
14 Feb 2014
A proposal by iwi to plant a million hectares of new forest over 10 years could provide the economies of scale needed to kick the New Zealand industry into large-scale processing.
Pine nurseries got it wrong, says Groser
14 Feb 2014
The destruction of hundreds of thousands of tree seedlings is part of a “market correction” and not due to a dysfunctional Emissions Trading Scheme, the Government says.
CDM verifier pulls out as market collapses
14 Feb 2014
The largest verifier of CDM projects is pulling out, as the market for carbon units from international projects to cut emissions in developing countries collapses.
Land-use change still attractive
14 Feb 2014
We saw another small rise in NZUs yesterday, up to $3.30. OMFinancial reports:
Westpac world markets wrap
14 Feb 2014
It's surrender time in Australia, election time in New Zealand and reduction time in Europe.
NZUs up, but thin on offer
13 Feb 2014
NZUs bumped up a little yesterday, trading $3.25 and finishing $3.25-$3.30 on CommTrade. OMFinancial reports:
NZU selling drying up
11 Feb 2014
Another quiet day for the local carbon market, with NZUs priced at $3.20/$3/25 on CommTrade. OMFinancial reports:
Angry Maori table $600,000 carbon ultimatum
7 Feb 2014
Maori say they will lodge a $600 million Treaty of Waitangi claim if the Government doesn’t move fast to shore up carbon prices.
Why the big boys are serious about carbon pricing
7 Feb 2014
Several of the largest international oil companies, along with other major companies, are taking the prospect of international carbon pricing seriously, writes BARRY NAUGHTON.
France to probe EU carbon market reform plan
7 Feb 2014
The European Commission's proposed carbon price stabilisation mechanism is a "masterpiece of Brussels technocracy" that could fuel greater market volatility, says a group of academics on the proposed package of 2030 climate legislation.
Hang on, isn't carbon-happy China just making stuff for us?
7 Feb 2014
Is it fair that China is blamed for the carbon dioxide emissions it generates to manufacture products destined for the West? asks Glen West, of the Center for International Climate and Environment Research.
Prices firm in Europe
7 Feb 2014
The European market is very firm, with EUAs for December 2014 delivery finished up 38 cents to €6.54. OMfinancial reports:
Long-term, carbon is a buy
5 Feb 2014
There was good two-way action in the market yesterday. OMFinancial reports:
NZUs in a classic Mexican standoff
4 Feb 2014
Spot NZUs held the $3.20 level yesterday as, this time, supply dries up. OMFinancial reports:
Expect market to consolidate
3 Feb 2014
The NZU market is consolidating after trading $3.25 at the close of last week; we are open at similar levels today. OMFinancial reports:
Time for a green revolution, says Norman
31 Jan 2014
The Green Party is invoking the legacies of Seddon, Savage and Kirk in a bid to pitch the green economy as the next big thing for New Zealand.
If Europe can...
31 Jan 2014
NZUs hit $3.25 yesterday as more 2013 vintage came to market. OMFinancial reports:
Forest owners are 'over' the ETS
30 Jan 2014
OMFinancial says it traded "a decent clip" of spot NZUs yesterday, at prices between $3.30 and $3.35:
Don't pay the government more than you have to
28 Jan 2014
The message leading up to the 2013 Emission year surrender in May is “switch and grind”. OMFinancial reports:
NZUs down a little
28 Jan 2014
Westpac is back in the market this morning with NZU prices slightly down on last week.
More forest owners decide to leave ETS
24 Jan 2014
The number of post-1989 forest owners quitting the Emissions Trading Scheme quadrupled last year on the back of cheap carbon prices.
Change ahead, so business needs to get smart
24 Jan 2014
Smart companies will have clear strategic objectives and flexible tactical responses to deal with on-going disruptive change likely to be caused by carbon policy this year, Westpac’s international carbon desk says.
Study doubts value of land abatements
24 Jan 2014
The full abatement potential of Australia’s land sector is unlikely to be realised under existing policies, says carbon advisory firm RepuTex.
NZ market still quiet overall
23 Jan 2014
The NZU market remains well-bid, but overall it is still relatively quiet, given there are national holidays interspersed throughout January. OMFinancial reports:
Post-89 foresters switching credits
22 Jan 2014
Spot NZUs pushed through $3.40 yesterday and finished bid there. OMFinancial reports:
NZUs touch $3.40
20 Jan 2014
The local papers are today talking up the prospect of an early election – perhaps in September or early October. OMFinancial reports:
European prices make NZ carbon look cheap
17 Jan 2014
The European carbon market has firmed, with its internal unit the EUA climbing to a three-month high overnight, touching €5.15. OMFinancial reports:
Growth equals carbon demand
16 Jan 2014
According to the World Bank, all is coming right with the world, OMFInancial reports.
Bidding interest in NZUs growing
15 Jan 2014
We are not seeing a huge amount of action in the market at present, but it’s clear the bidding interest in NZUs continues to grow. OMFinancial reports:
Last year for CERs and ERUs
14 Jan 2014
It’s a quiet start to what could be an extremely volatile year. OMFinancial reports:
Errors in forest returns could be costly, says expert
13 Dec 2013
Many forest owners could run into costly penalties for innocent mistakes in their carbon returns, a consultant is warning.
Move on carbon units worries foresters
13 Dec 2013
Last week's Government announcement on the future of carbon units after 2015 does nothing to stimulate action to reduce the nation’s net greenhouse gas emissions, says the Forest Owners’ Association.
Beehive seems set to block cheap foreign credits
6 Dec 2013
The Government today is expected to announce moves to restrict the flow of cheap foreign carbon credits into New Zealand.
OPINION: Future of coal calls for serious debate … not slogans
6 Dec 2013
By CHIS BAKER, CEO, Straterra. Some New Zealanders are calling for an immediate ban on all new coal mines.
NZUs firm and well-supported
4 Dec 2013
The local carbon market continued to trade around its recent highs, closing at $3.95 on CommTrade. OMFinancial reports:
Australia going back to coal, says report
22 Nov 2013
Higher gas prices, and the impending repeal of the Australian carbon price mechanism are set to resume the emphasis on coal-fired generation in the Australian National Electricity Market (NEM).
What's going on in world carbon markets
22 Nov 2013
The Carbon Reduction Fund in Australia, backloading in Europe, markets linking in North America and the first carbon auction in China ... Westpac's carbon desk reviews the international carbon markets:
How Australia deals with carbon and electricity
22 Nov 2013
Westpac's head of electricity trading, CONNELL BURKE, explains the links between carbon and electricity in the Australian market:
Today's carbon prices
21 Nov 2013
Spot NZUs have opened this morning slightly up on yesterday morning.
Market quiet and consolidating
19 Nov 2013
A quiet market yesterday, although we have depth on tight quotes. OMFinancial reports:
Govt consulting on Pacific Resilience Facility
Fri 12 Dec 2025
The Foreign Affairs, Defence and Trade Committee is calling for submissions on its international treaty examination of the Agreement to Establish the Pacific Resilience Facility.
Govt overhaul leaves the door open for coal mining on conservation land
Fri 12 Dec 2025
By Shannon Morris-Williams | The Government’s sweeping reclassification of thousands of hectares of publicly-owned conservation land has met with sharp criticism, with environmental groups saying the decision leaves vulnerable ecosystems exposed to mining and development.
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.
Minister not concerned about potential economic impacts of ruling out offshore mitigation
Thu 11 Dec 2025
By Liz Kivi | Climate Change Minister Simon Watts isn’t worried that ruling out using offshore mitigation is effectively reneging from the Paris Agreement with potential to damage New Zealand’s economy and access to export markets.
What are the causes of recent record-high global temperatures?
Fri 12 Dec 2025
The past three years have been exceptionally warm globally.
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.
India at COP30: A mismatch between grandstanding and climate action
Thu 11 Dec 2025
Despite India’s attempt to anoint itself as the leader of the developing world, at the COP30 summit, New Delhi’s track record remains contradictory.
Govt warned that scrapping ag emission pricing comes with risks
Thu 11 Dec 2025
By Liz Kivi | The Government’s move to halt plans for agricultural emissions pricing without replacing it with any other action will leave New Zealand facing a bigger gap to meet its third emissions budget, Environment ministry officials have warned.
NZ ‘clearly’ breaching international law on climate – Vanuatu Climate Change Minister
Fri 12 Dec 2025
By Liz Kivi | Vanuatu’s Climate Change Minister, Ralph Regenvanu, says New Zealand restarting fossil fuel exploration and subsidies is an obvious breach of international law, exposing the country to international and domestic litigation.
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.
Media round-up
Fri 12 Dec 2025
In our round-up of climate coverage in local media: Another offshore wind firm exits New Zealand over a clash with seabed mining; Fonterra falls behind on its climate goals as farm emissions remain flat; and the businesses trapped by the gas 'death spiral'.
Transport dominates NZ’s rising consumer emissions
Wed 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.
Australia has new laws to protect nature. Do they signal an end to native forest logging?
Thu 11 Dec 2025
Reforms to Australia’s nature laws have passed federal parliament. A longstanding exemption that meant federal environment laws did not apply to native logging has finally been removed from the Environment Protection and Biodiversity Conservation Act.
Oil and gas majors would create $78bn more value by stopping exploration
Thu 11 Dec 2025
Media release | Ten of the world’s largest oil and gas companies would create significantly more shareholder value by ending exploration and sharply curtailing upstream development, according to new analysis released today by ACCR.
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
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.
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.
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.
Shell facing first UK legal claim over climate impacts of fossil fuels
Fri 12 Dec 2025
Victims of a deadly typhoon in the Philippines have filed a legal claim against oil and gas company Shell in the UK courts, seeking compensation for what they say is the company's role in making the storm more severe.
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.
High risk of economic losses from Cook Islands nodule extraction and sales – new study
Fri 12 Dec 2025
Media release: Greenpeace | The economic potential of seabed polymetallic nodules in the Cook Islands has been overstated, according to a new independent study commissioned by Greenpeace International.
Is Govt rushing through changes to climate framework to avoid litigation?
Thu 11 Dec 2025
By Liz Kivi | The Parliamentary Commissioner for the Environment says the Government’s motivation for proposed changes to the country’s climate framework law are unclear: “The only reason I can think of is one grounded in potential litigation risk.”
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
4 Dec 2025
The Government has approved new regulations to bring rural waste schemes under one unified framework.
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.
Neighbours fume over plans to axe trees for solar farm
Thu 11 Dec 2025
Diane McCarthy, Local Democracy Reporter | Whakatāne District Council has thrown its support behind residents of a country lane distressed about Genesis Energy’s plans to axe their trees.
NZ and US studying "huge unknown" in Antarctic climate science
Thu 11 Dec 2025
Media release: Earth Sciences New Zealand | Scientists are measuring a huge unknown in climate science: how much heat Antarctica emits into space.
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
Wed 10 Dec 2025
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.
NZ just had its hottest spring in at least 116 years
Wed 10 Dec 2025
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.
Australian market operator slashes wind farm predictions amid falling costs for solar and batteries
Thu 11 Dec 2025
The body that runs Australia's biggest power market has scaled back its plans for high-voltage power lines and wind farms to meet the country's green energy targets.
