Topics tagged with 'Emissions trading'

EU carbon price hits record
22 Aug 2022
The price of carbon in the EU’s emissions trading system hit a new all-time high on Friday, August 19, as traders warned coal was becoming “re-embedded” in Europe’s electricity generation because of tight supplies of gas.

Best by the rest...
19 Aug 2022
In our weekly round-up of the best climate coverage in the local media: Olivia Wannan’s coverage of the “Polluting 7” hearing; massive insurance cost rises predicted in line with climate risks; and Greater Wellington commits to a stringent climate target.

Australia may be heading for emissions trading between big polluters
19 Aug 2022
Could Australia soon have a form of emissions trading? Yes, if Labor's much-anticipated paper on fixing Australia's mediocre emissions-reduction framework, released yesterday, is any guide.

Bill to come on free allocation of NZUs
15 Aug 2022
By Ian Llewellyn - Energy & Environment | The government intends to introduce a bill by the end of the year to reset the industrial allocation under the Emissions Trading Scheme and reduce what it assesses as a $60 million over allocation.

Forestry policy juggling competing priorities
8 Aug 2022
By Ian Llewellyn - Energy & Environment | The finance and expenditure committee has reported back the Overseas Investment (Forestry) Amendment Bill, highlighting the Government’s attempt to grapple with competing priorities in the sector.

Best by the rest...
5 Aug 2022
In our weekly round-up of the best climate coverage in the local media: Former Green Party leader Russel Norman on greenwashing and He Waka Eke Noa; political journalist Branko Marcetic on why the pundits are getting the Green Party leadership stoush all wrong; and land use expert Keith Woodford underlines the significance of recent government announcements for forestry rules and carbon pricing.

India developing a carbon market
5 Aug 2022
India is developing its carbon market by undergoing several climate action plans in just a matter of days. The world’s 3rd-biggest emitter planned to set up a carbon credit market for the hard-to-abate sectors. These would initially include energy, steel, and cement industries.

Future governments could sell offshore carbon credits into ETS
4 Aug 2022
The government could purchase carbon credits from another government and then sell them through the ETS, Climate Change Commission commissioner Catherine Leining told an open Zoom session on Tuesday.

Consultation open on penalties for small foresters in ETS
4 Aug 2022
The Ministry for Primary Industries and the Ministry of the Environment are consulting on two options to change the penalty for small foresters in the New Zealand Emissions Trading Scheme (ETS) who fail to surrender or repay units by the due date.

Government’s decision to delay permanent forestry decision slammed
2 Aug 2022
Beef + Lamb NZ and farming protest group 50 Shades of Green have slammed the government’s move to put off a decision on removing exotics from the permanent forest category of the Emissions Trading Scheme.

Carbon market wakes from its slumber following Climate Change Commission advice
28 Jul 2022
The price of NZUs on the secondary market reached $82.50 – a jump of close to 13% on its opening price – following yesterday’s release of the Climate Change Commission’s advice to government on the NZ ETS settings.

Climate Change Commission recommends reducing number of NZUs on offer
27 Jul 2022
The Climate Change Commission has recommended the government reduces the number of NZUs on offer at auction and an increase in the trigger price of the cost containment reserve, in advice to the climate change minister released this morning.

Best by the rest...
22 Jul 2022
In our weekly round-up of the best climate coverage in the local media: How not to solve the climate crisis; Are carbon markets hurting farming communities? Plus the government’s $9.8 million climate-wrecking stimulus.

MPI calls for submissions on changes to ETS forestry regulations
20 Jul 2022
The Ministry for Primary Industries is calling for submissions on draft changes to forestry regulations in the Emissions Trading Scheme (ETS).

Five buyers gobbled up 95% of NZUs at June’s ETS auction
18 Jul 2022
The top five participants in June’s ETS auction bought more than 96% of the 6,125,000 NZUs up for grabs, the interim NZETS auction monitoring report reveals.

Kenyan bourse brings carbon exchange to East Africa
14 Jul 2022
Climate change mitigation efforts in Kenya have received new impetus after the Nairobi Securities Exchange (NSE), inked a deal with the AirCarbon Exchange (ACX) and the Nairobi International Finance Centre (NIFC) to set up Kenya’s first carbon offset exchange.

Hong Kong launches international carbon council, to support cross-border trading
7 Jul 2022
Hong Kong Exchanges and Clearing Limited, or HKEX, has launched the Hong Kong International Carbon Market Council, the exchange said in a statement late July 5, with developing an international carbon market as its principal focus.

Review of Australia’s carbon credit units announced
5 Jul 2022
The Australian government has announced the appointment of an independent panel (Panel) to review the integrity of Australian Carbon Credit Units (ACCUs).

New voluntary carbon unit will incentivise landowners to preserve regenerating native bush
28 Jun 2022
A new voluntary carbon unit, launched today, will incentivise landowners to protect areas of regenerating native bush currently ineligible for NZUs under the ETS.

Best by the rest...
23 Jun 2022
In our weekly round-up of the best climate coverage in the local media: New Zealand’s offshore energy revolution; climate policy’s winners and losers; and how climate change is putting marae at risk.

Transport-related GHG emissions cost society $1.68 billion a year
22 Jun 2022
By Liz Kivi | Transport-related greenhouse gas emissions (GHGs) are costing society $1.68 billion a year, according to a recent report commissioned by the Ministry of Health.

Carbon Markets set to continue growth as countries double down on climate ambition: IETA Survey
22 Jun 2022
Carbon markets around the world are set to continue growing rapidly as countries double down on climate ambition, and as corporates continue to pursue net-zero goals, finds IETA’s latest annual Market Sentiment Survey

CCR trigger price likely to get a boost next year
20 Jun 2022
With the Cost Containment Reserve fully depleted at last week’s second ETS auction of the year market commentators are picking the Climate Change Commission will advise the government to up the trigger price.

Tomorrow’s carbon auction expected to empty the Cost Containment Reserve
14 Jun 2022
With the spot price of carbon trading more than $6 above the Cost Containment Reserve’s $70 trigger price the remaining 1.306 million NZUs in the CCR are expected to be snapped up at tomorrow’s ETS auction.

Rebooting China’s carbon credits: What will 2022 bring?
10 Jun 2022
Carbon market players are watching closely to see how China’s version of carbon credits, the China Certified Emission Reductions (CCER) scheme, will be rebooted.

HWEN: Experts and lobby groups react
9 Jun 2022
A climate change expert says He Waka Eke Noa’s recommendations for pricing agricultural emissions, released yesterday, are surprisingly unambitious, and there appears to be “a significant gap” in the reductions needed to meet government targets.

Canada unveils carbon emissions offset market
9 Jun 2022
Canada unveiled Wednesday a national carbon emissions market to help it meet its climate goals by allowing cities, farmers and others to sell credits for CO2 reductions to heavier polluters.

HWEN proposes burp levy with proceeds recycled to agricultural research
8 Jun 2022
He Waka Eke Noa, the Primary Sector Climate Action Partnership, is proposing a farm-level split gas levy as its preferred alternative to pricing agriculture emissions through the Emissions Trading Scheme.

Best by the rest...
3 Jun 2022
In our weekly round-up of the best climate coverage in the local media: The farming lobby split over climate policy; the Reserve Bank takes on fuel prices; and Australia pledges climate action in the Pacific.

China's Carbon Emission Allowance price at $8.76/mtCO2e
31 May 2022
The daily weighted average price of a Carbon Emission Allowance, or CEA, under China's national carbon market was at Yuan 59/mtCO2e (US$8.76/mtCO2e) on May 27, and weekly trade volume totaled 551,351 mtCO2e, according to data from Shanghai Environment and Energy Exchange, or SEEE.

Australia’s first carbon credit ETF excludes NZUs from mix
26 May 2022
Australia’s first carbon credit ETF, announced this week, won't be including NZUs in the mix as its limiting itself to the four most actively traded and largest carbon markets.

No done deal on EU carbon market reform
26 May 2022
Lawmakers in the European Parliament’s environment committee voted on a major overhaul of the EU’s carbon market last week, but it’s a long and possibly bumpy road to EU legislators shaking hands on the final deal.

Price of NZUs edging higher
25 May 2022
The price of NZUs on the spot market has edged past the $77 mark this week for the first time since the middle of last month.

Fossil fuel industry loses its grip over Australia’s climate and energy policies
24 May 2022
Australia has a new Labor government and a significant climate-focused cross bench, and it might just mark the beginning of the end of an almost decade-long grip the fossil fuel industry has held over national climate change and energy policy.

Kiwi founded company aiming to shake up global carbon markets
23 May 2022
By Liz Kivi | A Kiwi founded tech company, launched last month, is aiming to revolutionise the global carbon market with new technology that can accurately measure emissions in real-time and is much cheaper than current methods.

MEPs raise ambition on EU carbon market reform
18 May 2022
The European Parliament environment committee on Tuesday (17 May) agreed on reform of the European carbon market — including its expansion to buildings and transport.

ERP: Oppposition politicians respond
17 May 2022
The National Party has condemned much of the first Emissions Reduction Plan, released yesterday, as corporate welfare but welcomed the announcement that $710 million had been earmarked for helping agriculture to lower its emissions.

Berlin pushes for a €60 minimum price on EU carbon markets
17 May 2022
Discounting allegations of speculation on the EU carbon market, Berlin is throwing its weight behind a minimum price of €60 per tonne of CO2, saying it will ensure this through national measures if the EU does not take action.

Australian carbon market splits as buyers pay more for “high integrity” units
17 May 2022
Australia’s carbon offset market is showing signs of splitting in two, analysts say, as buyers show they are willing to pay a premium for “higher integrity” offsets.

$2.9 billion allocated to reducing emission over the next four years
16 May 2022
Critics will dismiss it as little more than a speed bump on the highway to climate catastrophe while its supporters will welcome it as a multi-modal map to a net carbon zero New Zealand in 2050.

California $19Bn carbon market not good enough to curb emissions
16 May 2022
California’s carbon market was supposed to be a model for the US, harnessing the power of capitalism to fight climate change in the world’s fifth-biggest economy.

Big players snaffle up bulk of NZUs at auction
11 May 2022
The top five successful bidders at the last NZ ETS auction snaffled up 78% of the NZUs on offer.

European carbon prices tumble, failing to scale new highs as gas drops
11 May 2022
There may be no fresh risks of an escalation in the Ukraine war and in the standoff between the EU and Russia regarding its fossil fuels, but recession fears spilled over to the carbon market. The price of a ton of CO2 equivalent within the EU ETS fell more than 5% after challenging recent record highs.

ACT proposes blitzkrieg of climate bureaucracy
10 May 2022
The ACT Party says it would scrap the Climate Change Commission and Energy Efficiency and Conservation Authority and ditch all climate change related subsidies and environment-related job schemes, in its alternative budget launched yesterday.

Singapore carbon exchange targets futures trading with German bourse
10 May 2022
A Singapore carbon exchange is teaming up with Germany's main bourse to launch futures trading for carbon offsets as early as this year to meet the growing demand from companies to hedge their risks from greenhouse gas emissions.

Best by the rest...
6 May 2022
In our Weekly round-up of the best climate coverage in the local media: Sea levels are rising and Kiwi communities are sinking - who will pay for the damage? And Green MP Chlöe Swarbrick argues for collective responsibility on climate change.

Winner of Australian election must fix carbon market: report
5 May 2022
The next federal government has been urged to review the carbon market as experts question the integrity of credits used by companies to balance their books on emissions.

‘Money time’ for EU carbon market reform in the European Parliament
3 May 2022
The lawmaker overseeing the adoption of a key package of EU climate legislation in the European Parliament has urged colleagues to stop fighting over the proposed reform, saying Europe must rise to the occasion in the current geopolitical context.

The too-invisible hand of the EU emissions market
28 Apr 2022
When European Union policy-makers envisaged the Emissions Trading System (ETS) in 2003 as their single tool to drive down greenhouse-gas emissions (GHG), it looked like a win-win approach. Industry, non-governmental organisations and public authorities welcomed the directive with its market-based mechanism, putting a price on greenhouse gases, to reduce emissions in a ‘cost-effective’ way.

Now we know the flaws of carbon offsets, it’s time to get real about climate change
26 Apr 2022
Last month former Australian carbon market watchdog Andrew MacIntosh blew the whistle on Australia’s carbon offset market. He described the scheme as a “rort” with up to 80% of carbon offsets “markedly low in integrity”.