Topics tagged with 'Carbon prices'
China slams firms for falsifying carbon data
16 Mar 2022
China's environment ministry has slammed firms for falsifying carbon data, part of the country's efforts to improve data quality as it prepares to expand its national emissions trading scheme into more industrial sectors.
Australian carbon credit price plunges after policy change
15 Mar 2022
Australian carbon credits rose to record highs of more than $55 a tonne earlier this year, but in the past week the price has come crashing down.
International experts believe carbon price must go up
14 Mar 2022
ALMOST all academic experts recommend higher carbon prices as a way to limit global warming, the first comprehensive global survey on carbon pricing concludes. The researchers behind the survey believe the study with its new insights could inform the debate on climate policies.
Solomon Islands receives first carbon credit as part of conservation work
11 Mar 2022
A tribe in the Solomon Islands has become the first in the country to receive a carbon credit.
Ukraine invasion crashes carbon credit prices
11 Mar 2022
The Russian invasion of Ukraine roiled financial markets across the world, and the European carbon credit market was no exception. As the price of oil surged, carbon credit prices plummeted.
Ukraine invasion sees NZ carbon price nose-dive
10 Mar 2022
The price of carbon on the New Zealand spot market has nose-dived from a high of $86.25 last month to just $70.25 at the close of trading yesterday
Carbon prices in the EU crash despite rising fossil fuel prices
8 Mar 2022
Since Russia launched its invasion of Ukraine, the price of carbon allowances in the EU has fallen drastically, lowering the cost to emit carbon despite record high fossil fuel prices.
Windfall for Aussie farmers as government changes carbon credit rules
4 Mar 2022
Australian carbon farmers and landholders are set for a potential windfall of almost $2.6 billion from a surprise Morrison government decision that allows them to tap into surging market demand for Australian Carbon Credit Units.
EU carbon permit prices crash after Russian invasion of Ukraine
3 Mar 2022
The price of carbon permits in Europe has crashed dramatically following Russian’s invasion of Ukraine, lowering the cost of emitting carbon for the EU’s most polluting companies.
Carbon correction
28 Feb 2022
After reaching a high of $86.25 on the spot market earlier this month, NZUs closed at $80.75 on Friday.
10 YEARS AGO...
21 Feb 2022
Ten years ago, farmers were taking advantage of low carbon prices to convert pre-1990 forests into pastoral farm land.
Carbon credits outperforming bitcoin, in the bet on a longer energy transition
18 Feb 2022
The price of European carbon credits - a core holding of two newly launched ETFs - has outperformed popular investments like bitcoin over the past year. Analysts see the price continuing to climb as governments put more pressure on industries to go green.
Carbon farmers could “walk away” from liabilities: report warns
17 Feb 2022
A discussion document, funded by farming groups and councils, is warning investors could plant pinus radiata at high density for carbon only yields and then "walk away" from their emission liabilities (and pest, disease and fire risk) by winding up their limited liability companies.
Lead EU lawmaker proposes carbon market rules to respond to price spikes
17 Feb 2022
The European Parliament's lead lawmaker on reforms to the EU carbon market on Wednesday proposed rules to make it easier for policymakers to intervene in the scheme if prices rise too fast.
Surge in carbon price could speed up Greater Wellington's climate mitigation
16 Feb 2022
Greater Wellington Regional Council’s climate committee is recommending the council take advantage in the surge in value of its carbon holdings to borrow an extra $5 million to invest in lowering its carbon footprint.
Poland calls on EU to remove 'speculators' from its carbon market
16 Feb 2022
Poland has urged the European Union to introduce "control mechanisms" to the bloc's carbon market and curb financial speculators' participation in the scheme, the Polish government said on Tuesday.
NZU spot price closing in on 2024 cost containment trigger
15 Feb 2022
At close of trading yesterday the NZU had hit an all time high of $84.50 on the Commtrade site. With the cost containment reserve trigger price set at $70 it's all but inevitable the entire 7 million units available in 2022 will be snapped up at next month's NZ ETS auction.
Judge bars Biden from using "social cost of carbon" metric
15 Feb 2022
A Trump-appointed judge dealt another blow to Biden's climate agenda on Friday, barring the administration from using a metric that estimates the societal cost of carbon emissions.
NZX listed carbon fund now worth nearly $100 million
14 Feb 2022
The NZX traded SALT Carbon Fund has shot up in value from just $9.39 million in January of last year to $98.45 million at the end of last week.
Australia's carbon price dips following last year's 210% gain
10 Feb 2022
Australia’s carbon price has fallen 4.7 per cent to $54.50 a tonne over the past fortnight yet trading volumes of carbon units have surged, indicating the market is stabilising after a massive bull run last year pushed the price up by 210%.
Italy expects EU carbon price to trade around 80 euros per tonne this year
9 Feb 2022
Italy expects the price of permits on the European Union's carbon market to trade at an average of 80 euros ($91) per tonne this year, giving the government more funds to curb soaring energy bills, a Treasury document seen by Reuters showed.
ANZ economist warns of price volatility in carbon market
8 Feb 2022
ANZ agricultural economist Susan Kilsby has warned that the price of carbon "could move sharply in either direction" in an in-depth backgrounder on New Zealand's carbon market.
European carbon price climbs to new high
4 Feb 2022
The cost of polluting in the European Union jumped to a fresh record, with utilities looking to burn more coal just as the supply of permits dries up.
Global carbon markets value surged to record US$851 billion last year
1 Feb 2022
The value of traded global markets for carbon dioxide (CO2) permits grew by 164% to a record 760 billion euros ($851 billion) last year, analysts at Refinitiv said on Monday.
10 YEARS AGO...
31 Jan 2022
Ten years ago, the government said it was considering reducing the number of carbon credits allowed into the NZ ETS, as carbon prices continued to drop in Europe.
The rise of voluntary carbon markets
26 Jan 2022
The voluntary carbon markets (VCMs) are poised for explosive growth in 2022. At the conclusion of COP26 in Glasgow, 632 of the world's largest 2000 public companies by revenue had announced plans to achieve Net Zero greenhouse gas (GHG) emissions.
China's national carbon market records brisk trading
25 Jan 2022
China's national carbon market has wrapped up its first compliance period with a steady rise in market activity, said the Ministry of Ecology and Environment on Monday.
10 YEARS AGO...
24 Jan 2022
Ten years ago, the price of carbon was crashing internationally as a result of an oversupply in Europe and uncertainty over the future of the Kyoto Protocol. A tonne of carbon in Europe could be bought for less than NZ$6 compared to around NZ$150 now.
Why the price of Australian carbon credits has tripled in the past year
24 Jan 2022
AFTER years of hovering around the same price, the value of Australia’s carbon credits has skyrocketed – tripling in the past year.
Canada's biggest climate polluters pay lowest carbon price
24 Jan 2022
On its tar sands in northern Alberta, Suncor Energy scrapes vast open-pit mines and drills down deep into the ground to extract the viscous bitumen that has turned it into one of the largest energy companies in North America. The process is so energy-intensive that it has also made the firm into Canada’s largest carbon emitter: it belches roughly 28 million tonnes into the atmosphere every year, equivalent to the entire emissions of Tunisia.
China ETS reduces carbon but needs map to cap-and-trade based system: study
23 Dec 2021
China’s regional emissions trading scheme (ETS) pilots were effective in reducing companies’ carbon emissions in the early trading phase, despite low carbon prices and infrequent allowance trading, according to Chinese researchers.
Australian carbon price surges 180%
22 Dec 2021
Companies voluntarily buying up carbon offsets amid a flurry of pledges to hit net zero emissions by 2050 have pushed up Australia’s official carbon price by 180% over the past year
ETS revenue should be returned to the people: NZ Initiative
17 Dec 2021
The government is missing a chance to make the ETS progressive by not returning its revenues to ordinary New Zealanders in the form of a dividend, NZ Initiative economist Matt Burgess says.
10 YEARS AGO...
17 Dec 2021
Ten years ago, a group of countries at the Durban COP committed to adopting a legally binding agreement to keep the average global temperature rise to below 2 degrees by no later than 2015.
EU leaders set to ask for deeper monitoring of carbon market
17 Dec 2021
THE European Union’s heads of government are set to invite the bloc’s executive to improve monitoring of the EU carbon market, where a rally has sparked concerns about speculation and the impact on inflation amid an energy crisis.
$4.5 billion in projected ETS revenue committed to new climate emergency fund
16 Dec 2021
The government is committing the $4.5 billion it expects to earn from Emission Trading Scheme auctions over the next four years to a new Climate Emergency Response Fund (CERF).
Aussie carbon price outpacing house gains
13 Dec 2021
On Woomargama station 50 km north of Albury on the NSW-Victorian border, Clare Cannon is excited about the future.
When carbon credits drive people from their homes
13 Dec 2021
The Mayo River begins in the tropical cloud forests of Northeastern Peru. Where the Andean foothills meet the Amazonian plains, bromeliads, ferns, and mosses grow under palms, tropical hardwoods, and the liana vines that climb their trunks.
Carbon prices, long in the dumps, surge in U.S. and Europe
10 Dec 2021
Carbon bulls are on the ride.
Carbon market asymmetry: time to put power in the hands of people on the ground: opinion
10 Dec 2021
Eric Wilburn, the co-founder of the Carbon Cooperative, argues there's an asymmetry between those buying carbon credits and the often small-scale projects doing much of the heavy lifting when it comes to offsetting.
UK government set to step in as carbon price mechanism is triggered
8 Dec 2021
The UK government could intervene in the carbon market to reduce the costs big polluters have to pay for emissions permits, according to The Times.
Benchmark EU carbon price hits record high at 85 euros a tonne
8 Dec 2021
The Benchmark European carbon price hit a record high yesterday, climbing to 85 euros a tonne for the first time since the European Union's carbon market launched in 2005.
10 YEARS AGO...
7 Dec 2021
Ten years ago, the price of carbon appeared to have hit the bottom of a downward spiral. In Europe CER's closed at NZ$9.15, up from NZ$8.50 the day before. In New Zealand carbon was trading just above that $9.50 - about half the price being achieved in May of that year.
Carbon trading gets a green light from the U.N., and Brazil hopes to earn billions
7 Dec 2021
Carbon emissions trading is poised to go global, and billions of dollars — maybe even trillions — could be at stake. That's thanks to last month's U.N. climate summit in Glasgow Scotland, which approved a new international trading system where companies pay for cuts in greenhouse gas emissions somewhere else, rather than doing it themselves.
Auckland leading the charge for city carbon taxes
2 Dec 2021
If Auckland Council adopts a proposal by mayor Phil Goff for a "Climate Action Targeted Rate" it will become one of the first cities in the world with a carbon tax.
ETS auction clears at $68
1 Dec 2021
THE final NZ ETS auction of the year cleared at a price of $68 today.
Where to now for the price of carbon?
30 Nov 2021
In contrast to some offshore markets where carbon prices have surged to all time highs following COP26, in New Zealand they’ve plateaued at around $65.
10 YEARS AGO...
25 Nov 2021
Ten years ago, Westpac was describing the international carbon market as decimated following dramatic falls in the price of carbon in Europe, New Zealand and other markets over the previous week.
Polluters face price pain as global carbon trading system moves forward
22 Nov 2021
A Cop26 breakthrough means emissions trading schemes can work together worldwide with less fear of being gamed.
How a carbon price could gut animal agriculture without taxing farmers
19 Nov 2021
Even a very modest carbon price would offer most farmers and ranchers more revenue than they make raising animals for slaughter, according to the scientist who founded Impossible Foods.
Urban rewilding combats global biodiversity decline
Wed 28 May 2025
Media release | A new study led by the University of Sydney reveals how cities around the world are restoring wildlife to their former habitats in the face of ongoing urban sprawl.
US dairy farmers consider return on climate-smart milk
22 May 2025
The approach is just one of many dairy practices now considered “climate-smart” because they could cut production of climate-warming gases.
Greenwashing is rife in Australia, but could its days be numbered?
Wed 28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Help sustainable aviation fuels take off or delay targets, airlines warn EU
20 May 2025
Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.
Govt's RMA overhaul sparks fears for nature and climate
Fri 30 May 2025
By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
Govt mulls status quo for ETS auction settings
Thu 29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
Pacific Island nations support China's Taiwan claims at high-profile foreign ministers' meeting
Fri 30 May 2025
Pacific nations have backed China's claim over Taiwan during a high-profile meeting, but have shied away from directly endorsing Beijing's push to "reunify" the democratically ruled island with the mainland.
Fight over coal mine heats up
Fri 30 May 2025
Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Owning a green home could cut mortgage payback time by two years
9 May 2025
A green certified home plus a green mortgage and associated energy bill savings could save Kiwi families up to $98,800 over the course of their mortgage - the equivalent of being mortgage-free several years early, according to new research.
Cuts to climate finance put exports in jeopardy: Lawyers
23 May 2025
By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.
Watts talks big on energy reform, but barriers persist
Thu 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.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
Fri 30 May 2025
By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Glacier collapse buries most of Swiss village
Fri 30 May 2025
The Swiss village of Blatten has been partially destroyed after a huge chunk of glacier crashed down into the valley.
Oceans Commission must have teeth – minister
14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Water crisis on the horizon?
Mon 26 May 2025
Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.
Why expensive gas – not net-zero – is keeping UK electricity prices so high
Wed 28 May 2025
The UK’s high electricity prices have become intensely political, with competing claims over the cause of rocketing bills and how best to get them down.
Hotter and deeper: how NZ’s plan to drill for ‘supercritical’ geothermal energy holds promise and risk
2 Apr 2025
By David Dempsey, University of Canterbury | New Zealand’s North Island features a number of geothermal systems, several of which are used to generate some 1,000 MegaWatts of electricity. But deeper down there may be even more potential.
Electrification challenge for politicians, regulators
Tue 27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
Nelson backs ‘ambitious’ emissions target, but mayor nervous
Mon 26 May 2025
By Max Frethey, Local Democracy Reporter | Nelson’s mayor has been accused of “pouring cold water” on ambitious greenhouse gas emission targets proposed for the city.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
Methanex closure comes early this year
14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
While govt ‘refreshes’ fund for low carbon trucks, are transport emissions set to accelerate?
Wed 28 May 2025
By Liz Kivi | The government has announced it is updating the Low Emissions Heavy Vehicle Fund, however cuts to funds to decarbonise transport in last week’s budget, and potential changes to road user charges, could stall transport emissions reductions.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
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.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
Kiwi cleantech companies on the world stage
Tue 27 May 2025
Six New Zealand 'cleantech' companies were in Singapore earlier this month, along with a venture capital firm and the MacDiarmid Institute, to meet investors and multinational partners.
Carbon News launches price index
24 Jun 2024
Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.
New research reveals NZ’s natural resource footprint
Thu 29 May 2025
Media release | New research from the office of the Parliamentary Commissioner for the Environment reveals that about 107 million tonnes of natural resources were required to produce the goods and services consumed by New Zealanders in 2019 – approximately 21 tonnes per person on average.
World’s nations to gather in France to tackle what UN says is a global emergency in the oceans
Fri 30 May 2025
The world’s nations are gathering in France next month to tackle what the United Nations calls a global emergency facing the world’s oceans as they confront rising temperatures, plastic pollution choking marine life, and relentless overexploitation of fish and other resources.
Europe’s next climate target may already have been agreed in Berlin
Wed 28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
Warm water affecting Antarctica’s largest ice shelf - new research
22 Apr 2025
While Antarctica’s Ross Ice Shelf is currently stable, new research shows warm water is reaching up to 170 kilometres under the front of the ice shelf.
NZ's first chance in 20 years to catch up on waste
Fri 30 May 2025
Media release | The government has announced proposals for updating the Waste Minimisation Act and the Litter Act. For the first time in nearly 20 years, Kiwis have a chance to catch up with other countries to reduce our waste and litter.
Dismissals 'massive win' for climate movement
13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
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.
For the first time, China invests more in wind and solar than coal overseas
Thu 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.
A fungus that can ‘eat you from the inside out’ could spread as the world heats up
Tue 27 May 2025
Infection-causing fungi responsible for millions of deaths a year will spread significantly to new regions as the planet heats up, new research predicts — and the world is not prepared.
Green budget 'ludicrous la-la land' – govt
15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.
More than 1 in 4 cars sold globally in 2025 expected to be EV: IEA report
Mon 26 May 2025
According to the Global EV Outlook 2025 report from the International Energy Agency (IEA), 2025 is set to be big for EV sales. The report predicts that about one in four cars sold worldwide this year will be electric, despite overall market uncertainties.
Brazil seeks early deals on two stalled issues at Bonn climate talks
Mon 26 May 2025
Moving forward work on just transition and implementing recommendations from the Global Stocktake of climate progress are key priorities for upcoming UN negotiations.
Global sea levels rise spelling catastrophe for coastal towns and cities
14 May 2025
For around 2,000 years, global sea levels varied little. That changed in the 20th century. They started rising and have not stopped since — and the pace is accelerating.
Tropical forest loss hit new heights in 2024; fire a major driver in Latin America
23 May 2025
Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.
NZ moving too slowly to decarbonise – former commission chair
22 May 2025
By Liz Kivi | New Zealand's energy transition is too slow and too controlled by vested interests, according to former Climate Change Commission chair Rod Carr.
