Topics tagged with 'Carbon prices'
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.
EU carbon prices hit record high
16 Nov 2021
EU CO2 prices hit a record Eur66/mt on Nov. 15, the first trading day after the UN Climate Change Conference and amid rising fuel prices driven by a cold weather forecast and gas supply fears resurfacing.
Half-baked carbon market rules fail to take heat off the climate: Carbon Market Watch
15 Nov 2021
After over five years of dithering and two weeks of intensive negotiations, the world’s governments settled on slimmed-down ground rules for carbon markets under the Paris Agreement’s Article 6.
Current carbon market a problem: Mark Carney
4 Nov 2021
The current voluntary carbon offset market is "part of the problem", former governor of the Bank of England and UN Special Envoy on Climate Action and Finance Mark Carney said today at the UN Cop 26 climate summit.
Create global price for carbon: WTO boss
20 Oct 2021
The director general of the World Trade Organisation has said that it should work together with other international bodies to develop a global price for carbon.
How trading CO2 could save the climate or not: BBC
20 Oct 2021
For its proponents, a global carbon market could significantly reduce the world's carbon emissions. But its critics say that giving polluters the option to pay for their emissions is not the answer to climate change.
Biden administration considers carbon tax
19 Oct 2021
A US Democrat’s decision to oppose a key policy in Joe Biden’s climate plan could lead to a carbon tax on emissions-intensive industries and threaten Australian exports.
The carbon offset market could be worth $200 billion by 2050. But what is it?
19 Oct 2021
Companies and people who want to cancel out the impact of their emissions on the climate often turn to something called carbon offsetting.
Two players bought nearly 60% of NZUs on offer at last ETS auction
8 Oct 2021
Two of the 77 participants in September’s ETS auction snaffled up a combined 56.8% of the 11.75 million NZUs on offer – which included the 7 million extra units released when the $50 cost containment reserve was breached
Energy prices hike should boost transition: EU climate chief
8 Oct 2021
The European Union’s climate czar said Tuesday the 27-nation bloc should ensure that the most vulnerable people won’t pay the heaviest price of the green transition, and pledged measures guaranteeing equal burden-sharing across society, amid a global surge of energy prices.
Carbon credit blockchain platform launched
5 Oct 2021
In a move that will be seen as ironic by some, a new tool allowing users to buy verified carbon credits on the blockchain has been launched in New Zealand.
Carbon offset market will grow 50 times to meet 2050 net-zero emissions goals: Bank of America
28 Sep 2021
The carbon offset market may grow by as much as 50 times if companies are going to meet their 2050 net zero greenhouse gas emissions goals, according to the Bank of America.
NZU stockpile grows
20 Sep 2021
The NZU stockpile has grown from 134.5 million in March to 138.4 million at the end of June, according to figures just released by the Environmental Protection Authority.
Price of carbon drives new forestry fund
13 Sep 2021
A new fund to finance the planting of pines trees on marginal agricultural land has been launched today.
OECD boss: Carbon pricing should come through us
13 Sep 2021
Efforts to price carbon should be elevated to the international level, the head of the Organization for Economic Cooperation and Development told EU finance ministers on Saturday.
Five things to know about carbon pricing
3 Sep 2021
The IMF's principal environmental fiscal policy expert, Ian Parry, outlines five things you should know about carbon pricing.
NZU price soars despite CCR “safety valve”
2 Sep 2021
If the purpose of the Cost Containment Reserve is to act as “a safety valve” to prevent NZU prices going significantly above the trigger price – it doesn't appear to be working.
Climate Change Minister responds to ETS auction
1 Sep 2021
“The Government is committed to balancing out the additional units released today to ensure there is no overall impact on emissions released into the atmosphere," climate change minister James Shaw said in a statement today.
NZU price crashes through CCR
1 Sep 2021
THE third NZ ETS auction cleared at $53.85 today - the first time the cost containment reserve has been breached.
IMF urges countries to raise carbon price
1 Sep 2021
The International Monetary Fund is urging countries to scale up green investments and set a higher global carbon pricing floor to mitigate the adverse effects of climate change.
Jump in number of non-obligatory players entering ETS
31 Aug 2021
Nearly two thirds of bids in the last ETS auction in June came from entities that didn’t have compliance obligations.
Price of carbon crosses 60 euro for first time
31 Aug 2021
The European benchmark price for carbon allowances on Monday morning climbed above 60 euros per tonne for the first time since the European Union’s carbon market launched in 2005.
Singapore exchange to tighten climate rules
31 Aug 2021
The Singapore Exchange will ask all companies listed on its exchange to disclose climate-related information or explain why they cannot do so.
Experts clash over cost of carbon
25 Aug 2021
An academic debate over a key metric for greenhouse gases is heating up, just as a high-profile courtroom battle is scheduled to begin.
China’s new carbon trading market isn’t working
24 Aug 2021
The price of emissions credits in China’s carbon trading market reached a record low on Aug. 20, the latest sign that the market’s structural flaws are preventing it from working as an effective weapon against climate change.
Carbon dividends: a win-win for people and climate
24 Aug 2021
Putting a price on emissions and sending the proceeds to the public is a sound environmental and economic strategy, writes James K. Boyce in the Scientific American.
NZU price jumps on announced increase in CCR trigger price
23 Aug 2021
The price of NZUs broke through the $50 mark today for the first time on news that the government is increasing the Cost Containment Reserve trigger price to $70 next year.
Carbon making good returns on the NZX
18 Aug 2021
New Zealand’s only carbon fund has more than trebled in size since the beginning of the year and is now worth close to $35 million.
Rise of the 'carbon capitalist'
18 Aug 2021
Matthew Roling, an adjunct professor of finance at Wayne State University, argues that carbon markets will become 'the largest commodity markets in history.'
NZUs set to cross the Rubicon
13 Aug 2021
The price of NZUs have been edging closer and closer to the $50 mark this week, with the spot price on both the Commtrade and Carbon Match secondary markets reaching $49.80 this morning.
Could winter tomatoes and capsicums be facing carbon extinction?
9 Aug 2021
The production director of one of New Zealand’s largest capsicum producers says the hike in the cost of carbon is a contributing factor in the decision by an increasing number of growers to quit the industry.
Carbon accounting's dirty secret
5 Aug 2021
There’s a dirty secret of carbon accounting, and it could soon be exposed. That’s because the assumptions most companies base their calculations on could be wrong.
Feebate could see ETS cap reduce: Shaw
1 Jul 2021
Minister for Climate Change James Shaw says policies like the feebate scheme will allow the government to reduce the ETS cap quicker than would otherwise be the case.
NZU price keeps climbing
25 Jun 2021
NZUs are trading at all-time highs of more than $43 on both CommTrade and Carbon Match today
Govt unveils National Adaptation Framework
Thu 16 Oct 2025
By Shannon Morris-Williams | Minister of Climate Change Simon Watts has revealed the first actions under New Zealand’s National Adaptation Framework, which sets out the Government's approach to the rising risks from natural hazards such as floods and storms.
Where’s Watts? Climate Minister no-show at climate conference
Thu 16 Oct 2025
By Liz Kivi | Opposition parties have slammed the Climate Change Minister’s failure to front up to a major international conference in Christchurch, saying it shows that climate adaptation is a low priority for the National Party.
NZ needs to be part of a regional SAF strategy: Z, Air NZ
9 Sep 2025
By Pattrick Smellie | New Zealand needs to be part of a regional strategic approach to sourcing sustainable aviation fuel (SAF), with domestic production less the aim than ensuring access to the fuel from one of a number of strategically positioned bio-refineries around the world.
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.
NZ not 'holding the line' on wilding pine management – experts
Wed 15 Oct 2025
By Shannon Morris-Williams | New Zealand is no longer “holding the line” against invasive threats, with the country’s scale, remoteness and rugged terrain making control costly and complex, one expert has said ahead of this week's Wilding Pines Conference.
Researchers say sealing old oil wells with bio-oil from crop waste is a dual carbon-removal solution
19 Sep 2025
A new analysis shows that oil made from corn husks, wood chips, and other waste could plug greenhouse gas-belching abandoned oil wells while sequestering carbon for about $152 per ton.
Broker predicts all this year’s carbon auctions will fail
10 Oct 2025
By Liz Kivi | Marex New Zealand is forecasting that the government will sell no ‘pollution permits’ at the NZU auctions this year, with a significant gap continuing between secondary market prices and this year’s $68 auction floor price.
Record global renewable energy growth remains short of climate target, report says
Thu 16 Oct 2025
A new report finds that a record amount of global renewable energy capacity was added last year, but that still leaves countries “short of targets towards meeting a UN climate goal to triple capacity by 2030”.
Electricity to remain in ETS
1 Oct 2025
By Pattrick Smellie | The Government has rejected Frontier Economics' recommendation that electricity should be removed from the Emissions Trading Scheme.
The merchants of doubt are back
3 Sep 2025
OPINION: If you don’t follow climate policy closely, you might not know that the Trump administration is launching an effort to overturn one of the most fundamental pillars of American climate policy.
Milestone for NZ Steel electrification
10 Sep 2025
By Pattrick Smellie | NZ Steel has passed an installation milestone for its new electric arc furnace, which will reduce emissions from the Glenbrook steel mill site by as much as one megatonne (1Mt) a year.
UN limits staff at COP30 climate summit over accommodation concerns
19 Sep 2025
High hotel prices for Brazil's COP30 climate summit in November have prompted the United Nations to urge its staff to limit attendance, while government delegations are still scrambling to find rooms within their budgets.
Will govt’s light touch approach lead to higher carbon prices?
3 Oct 2025
By Liz Kivi | Carbon market watchers are hoping the government’s plan for the electricity sector will eventually lead to higher carbon prices, with the secondary market still trading sideways for the longest time in its history.
Unlocking the national potential of flexible energy use through residential appliances – EECA calling for submissions
Thu 16 Oct 2025
Media release | EECA is asking for feedback from the energy sector on a newly published green paper about unlocking the potential of demand flexibility through end-use products, such as appliances, used in New Zealand homes.
From nuisance to crisis: New report on pest wasps In Aotearoa
24 Sep 2025
Media release: Moths and Butterflies NZ Trust | Just published is the Final Report of the Pest Wasps Survey carried out by the Moths and Butterflies of NZ Trust (MBNZT) offering a comprehensive look at New Zealanders’ awareness, experiences, and attitudes toward wasps and the growing ecological, health, and social issues associated with them.
NZ marine heatwaves could double in intensity under high-emissions pathway
Thu 16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
Northland builds momentum on climate resilience and adaptation
Mon 13 Oct 2025
By Shannon Morris-Williams | Northland Regional Council’s Annual Report cites major gains in climate action – highlighting stronger flood resilience, an expanded Climate Resilient Communities Fund, and a region-wide adaptation strategy.
World falling far behind deforestation goals with farms and fires driving loss, report says
Wed 15 Oct 2025
The report said the world permanently lost 8.1 million hectares (20 million acres) of forest, an area about the size of England, in 2024 alone.
‘Damp squib’ – Govt energy plan slammed for locking in fossil fuels
2 Oct 2025
By Shannon Morris-Williams | Critics across business, climate groups and the opposition say the Government’s electricity reforms duck structural change, double down on LNG and gas, and offer little relief for soaring power prices – warning of an “expensive white elephant", deeper energy poverty and a missed chance to scale renewables.
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.”
Climate investment is only growth opportunity of 21st century, says leading economist
Wed 15 Oct 2025
Investment in climate action is the economic growth story of the 21st century, while growth fuelled by fossil fuels is futile because the damage it causes ends in self-destruction, the economist Nicholas Stern has said.
NZ’s biggest ever climate meeting kicks off
Tue 14 Oct 2025
By Liz Kivi | The world's largest climate adaptation conference kicked off in Christchurch yesterday, with nearly 2000 attendees expected, making it potentially the biggest international climate meeting Aotearoa New Zealand will ever host.
Climate credibility gap widening for Aussie firms
1 Oct 2025
By Pattrick Smellie | Australian public companies’ climate change commitments are in retreat, reflecting difficulty in achieving stated targets and increased fossil use, but not because of any pressure to make less effort, according to a study of major companies’ ESG reporting.
Coal imports up 650%
12 Sep 2025
By Shannon Morris-Williams and Liz Kivi | Coal imports are up 650% as generators stockpile the most polluting fossil fuel ahead of next winter.
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.
Study warns climate leadership falling short in NZ
1 Oct 2025
Media release - Waipapa Taumata Rau, University of Auckland | Research suggests New Zealand’s climate leadership is falling short, with current adaptation efforts focused on property and cost-cutting rather than protecting communities.
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.
In China, climate litigation starts with the state
Thu 16 Oct 2025
With thousands of dedicated courts and more than a million recent cases, environmental and climate litigation is booming in China, but it often looks different to the trend seen elsewhere.
'Non-negotiable' – EU carbon pricing to hit Kiwi exporters, expert warns
11 Sep 2025
By Shannon Morris-Williams | High carbon exports will inevitably face a high carbon tax at the EU border, possibly in the next five years, and high methane agricultural products might not be exempt, an international expert told a local audience yesterday.
Deep sea mining threatens sharks, rays and ghost sharks
6 Oct 2025
Mining the world’s deep seas for metals will likely threaten many species of sharks, rays and chimaeras (ghost sharks), according to researchers.
New decision-making process for erosion-prone Tairāwhiti
8 Oct 2025
‘Deliberative democracy’ and collaborative decision-making are behind big changes that Gisborne District Council has endorsed to transform Tairāwhiti/Gisborne’s erosion-prone land in the face of worsening climate change.
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.
‘Weird and sad’ – Tuvalu Climate Minister condemns NZ halving methane target
Wed 15 Oct 2025
By Liz Kivi | Dr Maina Talia, Tuvalu’s Minister for Home Affairs, Climate Change, and Environment, says he’s surprised at New Zealand’s decision to weaken its target for reducing methane emissions – and is planning to take up the issue with his counterpart Climate Minister Simon Watts this week.
Govt releases updated emissions projections
Mon 13 Oct 2025
By Liz Kivi | The Ministry for the Environment has released updated emissions projections to 2050, which show significant differences to the Climate Change Commission's recent projections for the same period.
Bottom trawling a triple threat to marine environments - new report
9 Oct 2025
Media release | Greenpeace is calling for urgent action to restrict bottom trawling after a new government report highlights the compounding effects this destructive fishing method has on climate change, habitat degradation and biodiversity loss.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Who pays – and who makes them pay – for climate adaptation?
Wed 15 Oct 2025
By David Hall | COMMENT: How do you make a person, or organisation, invest in climate adaptation?
Students repeat request for Victoria University to divest from fossil fuel investments
24 Sep 2025
Media release | A group of students campaigning for climate action at Victoria University of Wellington have dropped a banner protesting against the university’s lack of action on its 2014 commitment to divest from fossil fuels.
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.
Lightyears secures funding for solar farm portfolio expansion
Wed 15 Oct 2025
Media release | Solar farm developer, Lightyears, has refinanced with Australian renewables lender, Infradebt, to take their portfolio of solar farms to 27MW, split across five farms. Three farms are already operational and two more are under construction.
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.
Auckland Transport and Kinetic charging ahead for sustainability
30 Sep 2025
Media release | Auckland Transport (AT) and bus operator Kinetic and have taken another step in their decarbonisation journeys with major upgrades completed at Kinetic’s Glenfield bus depot to support a growing zero emissions fleet.
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.
Nations meet to consider regulations to drive a green transition in shipping
Wed 15 Oct 2025
The world’s largest maritime nations gathered in London to consider adopting regulations that would move the shipping industry away from fossil fuels to slash emissions.
Fix it, don't ditch it: University of Auckland hosts first Repair Cafe
9 Oct 2025
Media release - Auckland University | The University's first-ever Repair Cafe is bringing students and staff together to give broken items a new lease on life, while promoting a culture of repair and reuse.
Farmers face heightened solvency risks as climate changes: research
10 Oct 2025
By Pattrick Smellie | Increasingly volatile weather patterns, higher insurance costs driven by climate change risk and global financial volatility represent risks to New Zealand farmers’ capacity to service debt and remain solvent, according to new research by Christchurch-based research firm Kōmanawa Solutions.
‘Con,’ ‘scam,’ ‘hoax’: Trump’s UN speech on climate
24 Sep 2025
The president used a large chunk of his hour-long speech to world leaders to condemn climate science and clean energy policies.
Trump administration moves to revoke permit for Massachusetts offshore wind project
24 Sep 2025
The Trump administration has moved to block a Massachusetts offshore wind farm, its latest effort to hobble an industry and technology that President Donald Trump has attacked as “ugly” and unreliable compared to fossil fuels such as coal and natural gas.
