Topics tagged with 'Carbon prices'
Switching where the action is
10 Oct 2013
The local market continued to consolidate yesterday around the $4.20 mark, OMFinancial reports.
Still a good time to buy
7 Oct 2013
NZUs held the $4 level last week, finishing at $4.20, OMFinancial reports.
WEB WIRE ... news from the world of carbon
4 Oct 2013
IPCC report, fraud charges, farming key, Kiribati worried, European ETS, climate-think, water bills ...
NZUs sell in the low $4 range
4 Oct 2013
The New Zealand NZU market continued to consolidate yesterday in the low $4.00 region. OMFinancial reports:
Market down on light volume
2 Oct 2013
Once again, the domestic NZU market was a little soft yesterday, due to the demand side of the market getting a little thin, OMFinancial reports.
Lack of motivation on domestic market
1 Oct 2013
It was a quiet day yesterday, with very little action in our domestic carbon markets, OMFinancial reports.
Small action in the market
30 Sep 2013
It was a quiet day on Friday, with some small action in spot NZUs and ERUs, OMFinancial reports.
True carbon price bioenergy aid, says expert
27 Sep 2013
A realistic carbon price and support from large companies would help to propel bioenergy from a good idea to reality, says one of our leading experts.
Quiet day for market
25 Sep 2013
A quiet day for spot NZUs, and the market felt more offered than bid at current levels, OMFinancial reports.
Buy the dips
25 Sep 2013
Before even contemplating supply in the carbon market, you have to ask yourself this question: what is the purpose for having an ETS?
NZUs on a high
20 Sep 2013
Spot NZUs look to close the week at the high for the year. OMFinancial reports:
Crunching the numbers
20 Sep 2013
Westpac takes a look at the Ministry for the Environment's 2012 Facts and Figures report on the Emissions Trading Scheme, and analyses the potential impact on prices.
Market heads higher
13 Sep 2013
Nearly 100k of NZU spot traded at $4.00 yesterday as the market went from $4 offered to $4 bid. OMFinancial reports:
Labour thermal power bid fails
6 Sep 2013
A bid by Labour MP Moana Mackey to bring back the ban on new thermal electricity generation has fallen at the first hurdle.
ANALYSIS: Australians' vote will affect carbon market
30 Aug 2013
The 2013 Federal Election in Australia will have a significant impact on Australian carbon markets, regardless of who wins, Westpac says.
China’s power sector set for cleaner future
30 Aug 2013
China’s power sector is expected to go through significant changes through to 2030, according to a new report.
Carbon permits in China better EU price
23 Aug 2013
Carbon permits rose on the Shenzhen Emissions Exchange, the first of seven trial markets in China, to a price exceeding those in Europe, according to Bloomberg New Energy Finance
Prices firming in Europe
23 Aug 2013
So much for our call the European market would correct; it has continued to firm.
NZUs rally but volume still light
23 Aug 2013
Over the past two weeks the New Zealand Unit (NZU) price has traded from mid NZD2s to over NZD5, Westpac reports.
Australia draws the battle lines
16 Aug 2013
There’s a carbon battle going on over the Tasman in the lead-up to that country’s general election.
California shuns linking emissions schemes
9 Aug 2013
The head of the Californian emissions trading scheme – which will ultimately become the world’s third largest – says the US state has no plans to link with Australia’s carbon price.
Aussie emitters await election outcome
9 Aug 2013
Australia's Federal election has been September 7 and the outcome will determine the fate of the Carbon Price Mechanism, but in the meantime, the business of compliance goes on. Westpac reports:
EUAs hit three-week high
26 Jul 2013
European carbon prices are firmer across the board this week, with Dec13 EUAs, ERUs and CERs all stronger, Westpac reports.
Australia makes early move to carbon trading
19 Jul 2013
Australian households will benefit from an average $380 reduction in the cost of living next financial year after the country moves to a floating price on carbon emissions, the Rudd Government says.
Business backs shift to emissions scheme
19 Jul 2013
A significant section of business prefers an emissions trading scheme to a fixed carbon tax to cut Australia's greenhouse gases, a survey has found.
Fruit growers eye big energy savings
12 Jul 2013
Australian fruit growers are set to make significant savings with the launch of an energy efficiency project for the country’s temperate fruit sector.
Rudd aims to redraw carbon reduction plans
28 Jun 2013
Recycled Australian Prime Minister Kevin Rudd is rumoured to be revisiting Australia’s carbon reduction scheme.
Obama shows up NZ, say young greens
28 Jun 2013
President Obama's announcement of a United States climate plan will test whether the National Government is still at all serious about its claimed "fast follower" approach to climate change, say some of the country’s youth leaders.
Bull trend in NZUs?
28 Jun 2013
NZUs hit a six month high yesterday of $2.50 – and now there is debate about whether this is just a speculative led low volume rally with no substance or the start of a bull trend. OMFinancial reports:
Prices force rethink of forestry carbon rules
21 Jun 2013
Forest owners exploiting low carbon prices to convert forest land to dairy farms have forced government officials to rethink this country’s net forestry carbon position.
Is there something we haven't been told?
14 Jun 2013
Carbon Market Solutions asks as to consider a situation now confronting many forest owners who opted into the Emissions Trading Scheme:
Carbon price cancels out CCS potential
7 Jun 2013
A potentially lucrative industry in the underground storage of carbon dioxide is being stymied by almost negligible carbon prices.
Scrap carbon price cap, OECD tells NZ
7 Jun 2013
The carbon price cap and free carbon credits for trade-exposed emitters should be scrapped, the OECD is telling New Zealand.
House hears ETS 'far left' debate
7 Jun 2013
This week’s OECD Economic Report on New Zealand sparked an exchange in Parliament over whether the Emissions Trading Scheme is a “far left” policy.
Trading groups make carbon market pact
31 May 2013
Global emissions trading organisation, the International Emissions Trading Association and Australia’s industry body for carbon market professionals, the Carbon Market Institute, have announced a strategic alliance.
Govt vow ‘huge news’ for foresters
24 May 2013
The Government says it is committed to the Permanent Forest Sinks Initiative.
Govt banks on low, low carbon price
24 May 2013
The Government is budgeting on a carbon price of just 24 cents a tonne for the foreseeable future.
EU set to turn climate agenda upside down
24 May 2013
Europe’s plan to decarbonise its economy by 2050 could be turned on its head at a high-level meeting today.
Emissions windfall drops … by millions
17 May 2013
New Zealand’s emissions “windfall” has fallen to just $3 million because forests are being converted to dairy farms.
Korea eyes ambitious carbon scheme
17 May 2013
South Korea is preparing to introduce the world's most ambitious emissions trading scheme, potentially paving the way for carbon costs as high as $90 a tonne for many of the country's key industries.
Carbon trading tax cut put on hold
10 May 2013
A 2015 tax cut in Australia associated with the carbon trading scheme will not go ahead because of the drop in the carbon price in Europe.
No surprise as industrial CERs hit 1c
26 Apr 2013
Carbon prices have found a new international low – 1 cent a tonne.
No word yet on tree-planting plans
26 Apr 2013
Details of new Government plans to encourage forestry planting are unlikely to be unveiled for several weeks.
IT’S OFFICIAL: Forests make way for dairying
19 Apr 2013
Government figures have confirmed what the carbon market has known for months – forests are being cleared and converted to dairy farms on the back of rock-bottom carbon prices.
Europe rejects ETS reform proposal
19 Apr 2013
The European Union’s flagship scheme for cutting carbon emissions suffered one of the most serious setbacks in its chequered history this week when members (MEPs) voted against a proposal to shore up the price of carbon in the Emissions Trading System.
Australia cuts emissions … slightly
19 Apr 2013
The Australian Government is facing calls to strengthen its carbon tax, as new figures show the country’s emissions fell only slightly last year.
Australia's weather bad and getting worse
5 Apr 2013
The heatwaves, flooding and bush fires striking Australia have already been intensified by climate change and are set to get worse, says a new report.
What happens to net zero if the trees don’t survive?
Wed 20 Aug 2025
When climate change undermines the climate plan.
Media round-up
Fri 22 Aug 2025
In our round-up of climate coverage in local media: The climate advice the government didn't want you to see; New Zealand's groundbreaking climate law has become ‘a shell’; and could the Electricity Authority be about to inadvertently increase power prices?
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Why plane turbulence is becoming more frequent - and more severe
6 Aug 2025
As climate change shifts atmospheric conditions, experts warn that air travel could become bumpier: temperature changes and shifting wind patterns in the upper atmosphere are expected to increase the frequency and intensity of severe turbulence.
Bolivia will choose a new president but environmental activists see little hope of progress
Fri 22 Aug 2025
Many Indigenous and environmental leaders doubt the election will bring progress in stopping deforestation, wildfires or pollution in the Amazon.
Media round-up
15 Aug 2025
In our round-up of climate coverage in local media: Australia could be about to leapfrog New Zealand on climate targets; 'strangled' rivers are fighting back; and 10 rangatahi will join Aotearoa New Zealand’s delegation at the United Nations' major climate conference in Brazil.
‘Problems looming’ for Govt's key climate tool
Fri 22 Aug 2025
By Liz Kivi | There are serious unresolved issues for the Emissions Trading Scheme which mean it could become unstable and ineffective at driving emissions reductions, according to the Climate Change Commission.
Record solar growth keeps China’s CO2 falling in first half of 2025
Fri 22 Aug 2025
Clean-energy growth helped China’s carbon dioxide (CO2) emissions fall by 1% year-on-year in the first half of 2025, extending a declining trend that started in March 2024.
Coal mining company continuing with fast-track plans despite costly protest
Fri 22 Aug 2025
By Shannon Morris-Williams | A marathon 23-day coal bucket occupation protesting Bathurst Resources' plan to mine the Denniston Plateau ended on Tuesday, when Climate Liberation Aotearoa activists Rachel Andrews and Tāmati Taptiklis climbed down from the 80-metre high Stockton mine ropeway and were taken into custody.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
What does 'drier' really mean in 'green' homes?
1 Aug 2025
Media release - Waipapa Taumata Rau, University of Auckland | Researchers say green-rating systems could improve clarity and effectiveness by explicitly defining ‘drier’ and using two measures of humidity.
RMA to speed up fossil fuel consents
Mon 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.”
Certainty crucial to emissions cuts – Watts
Wed 20 Aug 2025
By Shannon Morris-Williams | Climate Change Minister Simon Watts says that policy certainty is the Government’s primary lever for unlocking private capital and meeting climate targets, telling a carbon forestry conference that ETS settings are 'locked' through 2030.
Why helping customers electrify is a growth opportunity for energy retailers
Fri 22 Aug 2025
Media release – Cogo | The global shift to a low-carbon economy is transforming the energy market. For energy retailers, this shift brings both pressure and possibility.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
Nearly half of Kiwi in the dark about risks facing their homes
Fri 22 Aug 2025
Media release – Tower | As weather events become more frequent and extreme its important people have information about the risks that could affect their property.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Cyclone Gabrielle’s intense rainfall made landslides inevitable
Wed 20 Aug 2025
Cyclone Gabrielle was one of the most extreme landslide-triggering events ever recorded globally.
Shane Jones on climate change – it’s real, but…
15 Aug 2025
By Pattrick Smellie | New Zealand First deputy leader Shane Jones believes climate change is real, but is uninterested in what is causing it and primarily focused on adapting to it.
A modest geothermal strategy
31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
Governments in Global South get dedicated support to tap into carbon markets
Thu 21 Aug 2025
Media release – VCMI | A new toolkit will help emerging markets and developing economies decide how best to generate and sell carbon credits to access climate finance, accelerate innovation and help close the $1.3 trillion climate finance gap.
How the meat industry uses environmental groups to make beef seem climate-friendly
11 Aug 2025
The meat industry may have enlisted environmental groups to persuade people to “feel better” about eating beef, despite the sector’s ballooning emissions of climate-heating pollution.
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.
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.
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.
Forestry sector could take legal action over ETS changes
14 Aug 2025
By Liz Kivi | The forestry sector is threatening legal action against the Government over changes to legislation intended to limit whole farm-to-forest conversions in the Emissions Trading Scheme.
Forestry the source of all ETS risk, says top economist
15 Aug 2025
By Shannon Morris-Williams | Forestry is the source of all of the risk in New Zealand's Emissions Trading Scheme and it's inevitable that the scheme has to be reformed, according to Parliamentary Commissioner for the Environment chief economist Geoff Simmons.
Govt opts for status quo for ETS auctions
Tue 19 Aug 2025
By Liz Kivi | The government has chosen not to increase auction volumes in the Emissions Trading Scheme, a decision applauded by carbon market insiders and climate campaigners alike, despite it contradicting the Climate Change Commission’s advice.
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.
Oil states accused of using scare tactics in bid to sink green shipping deal
12 Aug 2025
Saudi Arabia, Iran and other oil-reliant countries are campaigning to stop the adoption of the IMO’s Net-zero Framework in October.
Brazil issues last-ditch plea for countries to submit climate plans ahead of COP30
Wed 20 Aug 2025
Only 28 countries have submitted carbon-cutting proposals to the UN, with some of the biggest emitters yet to produce plans.
Backlash over govt conservation changes
4 Aug 2025
By Shannon Morris-Williams | The government’s proposed changes to the Conservation Act are the most significant roll back in conservation protections in a generation, according to the Green Party.
Failed plastic treaty 'significant disappointment'
Mon 18 Aug 2025
The failure of negotiations on a legally-binding global plastics treaty is a "significant disappointment," but no treaty is still better than a weak one, according to a New Zealand expert.
Strong NZ representation in upcoming global climate report
Thu 21 Aug 2025
By Shannon Morris-Williams and Liz Kivi | Eighteen New Zealanders are among more than 600 experts appointed by the IPCC for its next painstaking scientific deep dive into the drivers of climate change, its impacts and future risks, and how adaptation and mitigation can reduce those risks.
Activists facing intimidation tactics at Bathurst mine
Tue 19 Aug 2025
By Shannon Morris-Williams | Climate Liberation Aotearoa activists suspended 80m high in a coal bucket at a the Stockton mine on the West Coast say coal mining company Bathurst Resources is using ‘hostile’ tactics to try and remove them.
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.
The US Department of Agriculture bans support for renewables, a lifeline for farmers
Thu 21 Aug 2025
The agency said it’s concerned that farmland is being consumed by wind and solar facilities – which occupy a tiny fraction of the country’s productive acres.
Will reflective roofs help beat the heat?
15 Aug 2025
Media release - University of Auckland | About 500 roofs across four continents have been painted with a reflective coating, as part of research into tackling the health impacts of climate change.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Carbon price underperforming: Environment secretary
13 Aug 2025
By Liz Kivi | The government has been focussed on reducing the Emissions Trading Scheme ‘stockpile’ and carbon prices should rise soon, according to the Secretary for the Environment.
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.
African $60 billion high-speed rail project takes shape
15 Aug 2025
One of the largest infrastructure projects in Africa has received a new update that could see construction begin soon.
'Yet another rate': Franz Josef ratepayers balk at $2.8m stopbank extension
4 Aug 2025
By Lois Williams, Local Democracy Reporter | Franz Josef ratepayers have given the thumbs down to plans for a $2.8 million stopbank extension to protect the town’s sewerage plant from the Waiho River.
Warmer end to winter but dry spell expected over southern lakes
5 Aug 2025
As hydro lake levels hover just below average levels, climate forecasts indicate that warmer than usual weather conditions will reduce demand, but there will likely be less rain over the southern hydro lakes as New Zealand moves towards spring and summer.
Record UK wildfires have burned an area twice the size of Glasgow in 2025
12 Aug 2025
Wildfires have scorched more than 40,000 hectares of land so far this year across the UK – an area more than twice the size of the Scottish city of Glasgow.
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.
