Topics tagged with 'Carbon prices'
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:
Still bull...
14 Nov 2013
The market traded $3.30 yesterday, with the volume again from post-1989 switchers. OMFinancial reports:
Stand-off in NZU market
12 Nov 2013
The NZU fixed at $3.50 yesterday on the back of some light trading at the close of the day. OMFinancial reports.
Hope from Europe
11 Nov 2013
The NZU market finished the week on a subdued note, as selling interest dries up for now. OMFinancial reports:
Choppy market in Europe
5 Nov 2013
The market was very quiet yesterday, with very little interest from both the buy side and the sell side of the market to cross the spread. OMFinancial reports:
NZUs snapped up in mid-$3s
4 Nov 2013
Spot NZUs closed at $3.53 on Friday after trading down through $3.60 earlier in the day, OMFinancial reports.
Doha decision forced hand on setting 5% emissions target, says Groser
1 Nov 2013
New Zealand’s expulsion from international carbon markets was a factor in the Government’s setting of this country’s 2020 emissions reduction target.
Still a buy....
31 Oct 2013
A quiet day yesterday, with spot NZUs marked at $3.65, OMFinancial says.
Post-1989-ers leading the charge
30 Oct 2013
Spot NZUs are lower, but well bid and offered at current levels, OMFinancial reports.
Papers reveal Treasury push for zero GHG target
25 Oct 2013
Treasury wanted New Zealand to adopt a greenhouse gas emissions reduction target of zero per cent below 1990 levels.
Our GHG emissions on the way up ... not down
25 Oct 2013
New Zealand’s greenhouse gas emissions are on track to rise by 2020, not fall as the Government has pledged.
Parties stay quiet on 2015 carbon auctions
25 Oct 2013
A new government might not auction carbon units in 2015.
Young forester happy to play the long game
25 Oct 2013
A young forestry investor says he’ll start selling carbon when spot NZUs get to $10.
Greens quiz minister on emissions reduction
25 Oct 2013
News that New Zealand's greenhouse gas emissions are expected to grow by more than a third by 2040 prompted questions in Parliament this week, as Green Party climate change spokesman Dr Kennedy Graham sought to pin the Government down on just how it planned to reach its emissions reduction targets.
Market quiet now below $4
24 Oct 2013
Spot NZUs held the $3.80 level yesterday, fixing at $3.82 on CommTrade. OMFinancial reports.
Back below $4
18 Oct 2013
NZUs edged under $4 yesterday, finishing the day at $3.95, OMFinancial reports.
Buyers ambivilent about NZUs
16 Oct 2013
Spot NZUs traded $4 on the close last night, OMFinancial reports.
Spot NZUs get active
15 Oct 2013
We saw some good two-way activity with spot NZUs yesterday, with buyers stepping in at $4.20 and to meet the fresh selling in the market, OMFinancial reports.
International update
11 Oct 2013
Westpac's carbon analysts cast their eyes across the international carbon markets.
Why the Government might not auction units
11 Oct 2013
The Government has been very quiet on the whole auctioning process, and the market belives it's just a matter of time before it does auction enough NZUs to placate all buyers, says OMFinancial
NZU-EUR spread widens
10 Oct 2013
The NZU market has seen a consolidation in prices around the $NZ4.00 level, while any flow coming to market is dictating short-term market direction of NZUs in what remains an illiquid market, Westpac reports.
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:
‘Stop burning fossil fuels’ pleads scientist as extreme rain causes floods yet again
Fri 27 Mar 2026
Northland and Auckland have again been lashed by heavy rain, with hundreds of people evacuated last night because of extensive flooding in the Far North, and some areas hit by more than a month's average rainfall in just 24 hours.
Beef production drives 40% of agriculture-linked forest destruction, Brazil leads
Thu 26 Mar 2026
Beef production is the leading driver of agriculture-linked deforestation, accounting for 40% of all forest clearing done to open space for food production, according to details of a study released on Tuesday.
$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.
Signs of jet fuel hoarding emerge in Asia on Iran oil shock
Thu 26 Mar 2026
Signs are growing that Asian countries are hoarding jet fuel after the Iran war sent oil prices surging, reflecting growing strain on the aviation industry.
Planting mānuka might bring birds, bats and insects back to farms
23 Mar 2026
Media release | New research published today in the New Zealand Journal of Ecology shows that Mānuka forests planted to support honey production provide positive nature-related impacts.
Air NZ joins Marsden Point SAF project
3 Mar 2026
By Pattrick Smellie | Air New Zealand has quietly added its name to a consortium exploring the viability of green hydrogen production for sustainable aviation fuel at Channel Infrastructure’s Marsden Point energy hub.
Tuvalu prioritises climate change in agreement with NZ
Fri 27 Mar 2026
By Liz Kivi | New Zealand has pledged an additional $20 million to climate resilience work in Tuvalu, more than doubling Aotearoa's aid to the tiny island nation in the current financial year.
US cannot meet Iran war-induced LNG shortfall: industry leaders
Fri 27 Mar 2026
Business leaders are warning that the United States lacks the infrastructure to alleviate a global LNG shortage caused by the US-Israel war on Iran, which has kept a fifth of the world's energy supplies from leaving the Gulf.
NSW to ban new coalmines in major shake-up for $23bn industry
23 Mar 2026
A major shake-up is on the way for one Australian state’s single biggest export, which powers homes here and abroad.
Hormuz crisis critical to New Zealand
10 Mar 2026
By Nathan Surendran | COMMENT: Why the Hormuz crisis is a symptom, not the disease – and what it means for New Zealand.
Sustainable retail-office project breaks ground under new Green Star framework
19 Feb 2026
Construction is set to begin on a new retail-office development in central Auckland, which is targeting a 40% reduction in embodied carbon and 25% lower energy.
Opposition attacks Govt over fossil fuel phaseout backdown
2 Feb 2026
By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.
Carbon price: Ups and downs amid geopolitical uncertainty
Thu 26 Mar 2026
By Liz Kivi | After ups and downs in recent weeks, the carbon market again broke above the $40 mark this week, with questions around how the Middle East conflict will play out weighing on market confidence.
WWF boss joins Opportunity Party with centrist climate pitch
Thu 26 Mar 2026
By Shannon Morris-Williams | The Opportunity Party has unveiled its first slate of candidates ahead of November's election, including World Wildlife Fund Aotearoa chief executive Kayla Kingdon-Bebb, as the party positions itself as a 'centrist environmental force' ahead of the election.
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.
Gisborne $29.7m recovery funding bid awaits Government decision
Fri 27 Mar 2026
By Zita Campbell, Local Democracy Reporter | Gisborne leaders are awaiting the Government’s response to a $29.7 million funding bid for a joint agency/iwi-led recovery plan after January’s severe weather event.
Transport dominates NZ’s rising consumer emissions
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.
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.
LNG sold as insurance, but modelling points to a bigger role
19 Mar 2026
New Zealand’s gas market is heading for a sharp contraction whether the country sticks with domestic supply alone or introduces liquefied natural gas imports.
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.”
Gaps in adaptation taxonomies hinder climate finance in Asia: report
5 Mar 2026
Without clearer criteria and metrics in adaptation taxonomies, Asia risks widening its climate financing gap, warns a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Top scientist speaks out against Trump regime’s attack on premier research centre
23 Mar 2026
By Liz Kivi | Kevin Trenberth, one of the world’s leading climate scientists, now based in New Zealand, has told the Trump administration he is “appalled” at its attempt to break up the international research centre he has been associated with for nearly 50 years.
Five trees can’t offset a car: Lawyers accuse Mazda of greenwashing
9 Mar 2026
By Shannon Morris-Williams | Lawyers for Climate Action NZ is taking Mazda to the Advertising Standards Authority over its claims that a tree-planting programme will offset vehicle emissions.
Govt missing opportunity to slash electricity prices, says expert
11 Feb 2026
By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.
NZ prepares to join ‘gold rush’ for white hydrogen
Wed 25 Mar 2026
By Pattrick Smellie | New Zealand may be close to commercialising the capture and use of naturally occurring ‘white’ hydrogen, with investment plans for developments in the Wairarapa region picking up pace in response to spiralling oil prices.
Media round-up
20 Mar 2026
In our round-up of climate coverage in local media: Crown lawyers agree High Court could quash emissions plan if found unlawful; NZ is locked in 'disaster inertia'; and climate change is notably absent from new development laws.
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.
Govt process to change climate plan ‘fundamentally flawed’, says judge
18 Mar 2026
By Pattrick Smellie | The government’s 2024 changes to New Zealand’s first Emissions Reduction Plan was “as fundamentally flawed a process as I think I have ever seen”, the judge presiding in a case challenging climate change decision-making has said.
Cleantech expo coming to Auckland
Thu 26 Mar 2026
New Zealand’s first national cleantech expo is set to bring together 30 innovators, in what organisers say is the country’s fastest growing area in the tech sector.
Activists occupy controversial gold drilling site
Wed 25 Mar 2026
By Max Frethey, Local Democracy Reporter | Opposition in Golden Bay to a controversial gold mine at Sams Creek has flared up over the weekend after several activists briefly occupied a drilling site.
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.
Worst in a generation: Environmentalists slam fisheries reform bill
Wed 25 Mar 2026
Media release: Greenpeace | The Fisheries Amendment Bill, which will likely have its first reading in parliament this week, is being labelled the worst fisheries policy in a generation by environmental groups who are calling for it to be rejected to protect ocean health.
Close questioning over ‘ministerial latitude’ at climate hearing
17 Mar 2026
By Pattrick Smellie | Lawyers challenging the legality of the government’s emissions reduction plans faced close questioning on the limits of ministerial foresight in the first of three days of hearings at the Wellington High Court yesterday.
Kiwis overly optimistic about state of environment
27 Feb 2026
By Shannon Morris-Williams | New research suggests many New Zealanders believe the environment is in better shape than it really is, with public perceptions often out of step with scientific evidence.
‘They pushed so many lies about recycling’: the fight to stop big oil pumping billions more into plastics
24 Feb 2026
Plastic production has doubled over the last 20 years – and will likely double again. For author Beth Gardiner, metal water bottles and canvas tote bags are not the solution. So what is?
Govt’s relief package risks entrenching fossil fuel dependence, critics warn
Wed 25 Mar 2026
By Shannon Morris-Williams | The Government’s $373 million fuel relief package is facing criticism for propping up petrol use rather than reducing demand, as prices surge and some experts predict fuel shortages due to conflict in the Middle East.
Media round-up
20 Feb 2026
In our round-up of climate coverage in local media: 'Every tonne matters': The climate scientist who wants to give you hope; Minister says managed retreat is an option; and climate change is here – is New Zealand ready?
China has a new competitor? Kazakhstan reveals huge rare Earth deposit that could power the next tech boom
25 Feb 2026
China’s grip on rare earths might finally see some competition, and the world is already taking notice.
Solar is Southeast Asia’s cheapest buffer against future shocks
Thu 26 Mar 2026
Southeast Asian countries’ planned expansion of gas power could increase the cost of generating electricity to $109 billion by 2030 based on future price projections — more than double the cost of generating the same amount of electricity with solar.
World-leading plasma torch takes aim at NZ's most potent greenhouse gases
Tue 24 Mar 2026
Media release | A high-tech plasma torch was lit up today as Minister of Conservation, Hon Tama Potaka, officially opened the $10 million National Refrigerant Destruction Facility – signalling a new era in addressing the environmental impact of New Zealand’s most potent greenhouse gases.
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.
Why the Iran war may have just killed the AI boom
Thu 26 Mar 2026
The $1.5 trillion in committed AI infrastructure spending by major tech companies is built on an assumption of a functional global supply chain, which the Iran conflict has fundamentally broken.
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.
Govt's $50m EV charging boost to double network
23 Mar 2026
By Shannon Morris-Williams | More than 2,500 new EV chargers are set to be rolled out across New Zealand, more than doubling the public network – but still leaving the total at less than half the Government's 10,000 target.
Infrastructure plan calls for ‘predictable approach’ to electrifying economy
18 Feb 2026
Aotearoa’s first National Infrastructure Plan, introduced to Parliament yesterday, calls for "a predictable approach to electrifying the economy" as one of ten priorities for the next decade.
Global coastal sea-level risks may be underestimated, say scientists
5 Mar 2026
By Shannon Morris-Williams | Coastal communities across the Pacific and Southeast Asia could be facing greater sea-level rise risks than previously estimated, researchers say.
AI tool predicts wildfire danger faster than current systems
Thu 26 Mar 2026
Media release | A wildfire forecasting system powered by artificial intelligence could help detect dangerous fire conditions earlier and reduce the cost of wildfire response, according to new research from Te Whare Wānanga o Waitaha | University of Canterbury.
Western Australian communities want mandatory payments from new renewable developments
6 Mar 2026
The West Australian government wants to make new wind and solar farms pay into community funds, but host towns say more work needs to be done to make sure the payments actually happen.
