Topics tagged with 'Carbon prices'
Carbon forestry in hibernation
6 Jul 2012
The announcement from Government on the review undertaken in 2011 on the Emissions Trading Scheme will provide a continuation of the status quo for the next two years, and reveals fundamentally good sense, given current economic conditions, but also dismisses perhaps a good opportunity to prove to the rest of the world that New Zealand Inc could have been enhanced upon a shift toward a low-carbon high-primary-production future, Carbon Market Solutions says.
Eyes on the prize
6 Jul 2012
The European Central Bank cut 25 points, China had a surprise rate cut, and the Bank of England starts another 50 billion of quantative easing, OMFinancial says.
Special Carbon News rate for Dick Smith event
6 Jul 2012
Carbon News readers can secure a special rate when booking to attend the September 14 Future Shape of Business seminar in Queenstown, featuring Australian entrepreneur Dick Smith.
Our masters in Europe
22 Jun 2012
When it comes to carbon prices, Europe will continue to be New Zealand's master for some time, says carbon analyst and Carbon Match founder Lizzie Chambers.
Why the lag in alternative energy progress?
22 Jun 2012
The government, having won the last election, believes that it now has an overwhelming mandate to offer a range of State-owned enterprises to the market in order for it to capture revenues that will assist economic growth up until at least 2014, Carbon Market Solutions says.
Little supply but prices look better
22 Jun 2012
NZU prices rose over the week, following European allowances higher, Westpac reports.
Farmers eye new deal on cow gases
15 Jun 2012
Australian dairy producers could soon earn carbon credits through the Federal Government’s Carbon Farming Initiative by capturing and destroying harmful greenhouse gases released by cow manure.
Three years ... and not much has changed
15 Jun 2012
Last year, we said that one of the critical features for a mature carbon market to develop was the issue of transparency, meaning that when we have liquidity and transparency, we can say quietly and confidently that the carbon markets in New Zealand are functioning well for all stakeholders.
Government on trail of cheap credits
8 Jun 2012
The Government is trying to find out just what impact an inflow of cheap international carbon credits is having on New Zealand’s balance of payments.
Arbitrage back on the table
8 Jun 2012
The Chinese cut rates by 25 basis points - and that’s not a good sign, OMFinancial reports
Growing market meets carbon challenges
1 Jun 2012
The total value of the carbon market grew by 11 per cent in 2011, to $176 billion, and transaction volumes reached a new high of 10.3 billion tonnes of carbon dioxide equivalent, says a new World Bank report.
New low for NZUs, despite surrender date
1 Jun 2012
The much-talked-about final surrender date of May 31 came and went with little fanfare within the local market, Westpac says.
Futures manage bounce in Europe
1 Jun 2012
CER Futures managed to squeeze out a small bounce during the European session last night, albeit on reduced volume and no major fundamental change, OMFinancial reports.
ETS cash cow has lost its moo
25 May 2012
The Emissions Trading Scheme has turned from a cash cow into a financial liability in a few short months.
It's all down to the Greeks
25 May 2012
Despite negative data last night in Europe - German IFO business sentiment falling to six month low, eurozone flash PMI 45.9 vs. 46.7 in April and UK recession deepening with Q1 GDP revised to -0.3 per cent - carbon managed to rebound on a stronger energy complex and finish the day firm, OMFinancial reports.
Carbon low brings halt to forest planting
18 May 2012
Forest planting – crucial to New Zealand’s emissions-reduction plans – has all but stopped in the face of record-low carbon prices.
Marsden eyes emissions savings
18 May 2012
New technology to be installed at the Marsden Point oil refinery will save it hundreds of thousands of dollars a year worth of greenhouse gas emissions.
Why the NZUs premium has shrunk
18 May 2012
The premium of NZUs over European carbon has evaporated over the past week or two, with the differential of NZUs over ERUs now about 10 cents.
Window for switching credits closing fast'
18 May 2012
NZU prices have remained on their recent lows over the week, Westpac reports.
She'll be right, Combet tells public
11 May 2012
The Australian Government says it is committed to supporting jobs and households through putting a price on carbon.
Events in Europe keep carbon down
11 May 2012
Global carbon prices remain subdued and depressed, OMFinancial reports.
Prices continue their fall
11 May 2012
NZU prices hit another low this week, touching $6.20, Westpac's carbon team says.
Local market at record lows
4 May 2012
The NZU market is trading at record lows, with the mid NZU price at around NZD 6.60, Westpac reports.
NZ eyes regional common carbon market
27 Apr 2012
New Zealand is maintaining a “watching brief” on developments in Asia that Australia believes could lead to a common carbon market.
Towns learn how landfill can make money
27 Apr 2012
The Australian Government has teamed up with the Australian Local Government Association to explain how landfill can be used to reduce pollution and earn carbon credits.
Stop and think about the tax
27 Apr 2012
As we head in to May surrender time, OMFinancial is urging all ETS participants who are about to pass units to their points of obligation or to the Government to pause and consider the amount of tax you are effectively about to pay.
Slow-down in European market
27 Apr 2012
CER prices have been relatively range-bound over the past couple of weeks, Westpac reports.
Prices force rethink on carbon books
20 Apr 2012
The Government is reworking its books in the wake of the carbon price collapse.
Perth company gets first carbon licence
20 Apr 2012
CO2 Group has become the Australia’s first carbon project developer to get a financial services licence that will allow the company to trade carbon credit units.
Good news from Europe
20 Apr 2012
European carbon prices have consolidated and posted modest gains in the past week.
Demand will stall if agriculture delay goes ahead
20 Apr 2012
The Government’s proposal to further delay bringing agriculture into the Emissions Trading Scheme could have serious consequences in the carbon markets, Carbon Market Solutions says
Quiet week in the market
20 Apr 2012
Activity in the New Zealand carbon market has been relatively subdued, despite last week’s release of the Government consultation document.
Price fall stops - for now
13 Apr 2012
The international price for carbon is consolidating at current levels after suffering a sharp sell-off through March on the back of oversupply, disagreement about how to deal with it and a greater-than-expected fall in 2011 emissions.
Important steps in ETS proposals
13 Apr 2012
Changes the Government is proposing to the Emissions Trading Scheme could have important consequences for those participating in the ETS, says Carbon Market Solutions – especially plans to limit the use of CERs and to introduce a cap-and-auction mechanism.
Uncertainty keeps carbon prices down
5 Apr 2012
Carbon is suffering another down-leg as uncertainty and over-supply problems persist, OMFinancial reports.
Trader has high hopes for new platform
30 Mar 2012
OMFinancial launches an online carbon platform today which it says has the potential to become a regional market.
Europe acts to right the ship
30 Mar 2012
The carbon market is not in the state that was predicted a few years ago, Carbon Market Solutions says.
Time for emitters to move
30 Mar 2012
While spot NZUs maintain a healthy premium over spot CERs and ERUs, we have seen the premium of NZU forwards narrow over CER forwards.
Australia stands alone in low-carbon slide
23 Mar 2012
Australia is the only G20 country that has gone backwards on its low-carbon competitiveness since 1995, according to the Global Climate Leadership Review 2012 released by The Climate Institute.
NZU maintains premium over CERs
23 Mar 2012
Volatility in the European market continues to be the main driver for local carbon prices, OMFinancial says.
ETS signs good for Asia-Pacific pact
23 Mar 2012
While most news about the international carbon market has been discouraging lately, there is still optimism within the Asia-Pacific region, Carbon Market Solutions says.
Market watching for rule changes
23 Mar 2012
It's been a volatile week in the European carbon markets, with both EUAs and CERs ending the week down (with one more day to go), Westpac says.
Cap on CER numbers 'never been more important'
16 Mar 2012
February and March saw optimism return to the New Zealand carbon market as good news from Europe helped float prices above $8 a unit.
Shortage of NZUs in market
16 Mar 2012
International carbon markets had a rocky start to the week, as Poland vetoed an EU vote to cut greenhouse gas emissions by 80 per cent by 2050, and rumours circulated that China had forbidden domestic airlines from purchasing Airbus aircraft.
Trading volumes light
9 Mar 2012
This week's trading volumes have been noticeably light across both local and international carbon markets, Westpac says.
Bearish tone in Europe
9 Mar 2012
Low volumes and weak prices have dominated the headlines from Europe this week, reports OMFinancial.
Australia eases impact of carbon price
2 Mar 2012
Rules are in place for providing assistance for Australia’s most emissions-intensive, trade-exposed industries to prosper in a carbon constrained economy.
Australian election poses ETS problems
2 Mar 2012
A big event in the future of the New Zealand Emission Trading Scheme will be the introduction of the Australian carbon tax flexible pricing period in 2015, Carbon Market Solutions says.
Carbon reacts to European vote
2 Mar 2012
The European Parliament vote to cut the supply of carbon passed, and carbon had the classic “buy the rumour and sell the fact” reaction, correcting close to 8 per cent in two days, OMFinancial reports.
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.
