Topics tagged with 'NZ ETS'
‘A shame’: experts on decision to send Govt carbon auctions offshore
Wed 10 Jun 2026
By Liz Kivi | Carbon market experts are questioning whether the Government has made the right decision in sending its auctions of carbon 'pollution permits' worth billions of dollars offshore.
Fed Farmers' election wish-list includes stopping whole-farm conversions to carbon forestry
Tue 9 Jun 2026
Federated Farmers has launched a five-point plan for the next government, setting out what it says should be a major focus for political parties heading into the November election.
No bidders again: NZ carbon auction extends losing streak
Tue 9 Jun 2026
By Shannon Morris-Williams |New Zealand's carbon auction has failed for the sixth consecutive time, with no bidders emerging for the 2.6 million NZUs on offer as secondary market prices remain well below the Government's $71 auction floor price.
Diesel vs LNG – both high cost options for dry year cover
Mon 8 Jun 2026
By Pattrick Smellie | ANALYSIS: While last week’s Sapere report – looking at the Government’s proposed LNG terminal for electricity ‘dry year’ cover – says diesel would be better in the short-term, opting for diesel would lead to higher more volatile electricity spot prices in the next few years.
Carbon auction set to fail while new data suggests sharp decline in stockpile
Mon 8 Jun 2026
By Liz Kivi | Tomorrow’s carbon auction is odds-on to fail again, even as the latest figures from the Environmental Protection Authority show the ‘stockpile’ of NZUs continuing to decline.
Renewables alone won’t fix ‘broken’ electricity prices
4 Jun 2026
COMMENT: While many people agree the electricity market is broken, simply adding more renewables to a broken system isn’t the fix we need, writes Geoff Bertram.
NZ’s ‘light‑touch’ approach to voluntary carbon and nature markets may unlock finance but risks credibility
2 Jun 2026
By Jennifer Campion, University of Waikato | The government’s recent announcement of support for voluntary carbon and nature markets effectively offers a “warrant of fitness” to signal which markets can be trusted, without directly regulating them.
‘Fiscal hole’ likely to deepen as another carbon auction looms
28 May 2026
By Liz Kivi | A broker is picking the NZU price will push towards $60 in the coming weeks on the back of improved confidence, however prices on the secondary market are still lagging well below the auction floor, with the second auction of this year less than two weeks away.
Geo-heat search explores exhausted oil and gas fields
27 May 2026
By Pattrick Smellie | Underground heat from exhausted oil and gas fields are a new target for government-backed efforts to tap geothermal resources for electricity production and industrial use.
Hipkins pans LNG plan as ‘massive step backwards’
19 May 2026
By Liz Kivi | Labour leader Chris Hipkins has told a Queenstown audience that a Government he leads would not proceed with a planned LNG import terminal, if elected at November’s election.
Carbon News updates forward curve
13 May 2026
Carbon News has updated its ten-year NZU forward curve, following a recent rise in spot market prices, with NZUs rallying from about $34 in January to nearly $54 in early May.
Conservation land open for voluntary carbon market schemes
12 May 2026
By Pattrick Smellie | The government is to open up the Crown-owned conservation estate to private investment in voluntary carbon market projects.
Australian operator to run NZ ETS auctions
11 May 2026
The Government has appointed an Australian company to run its Emissions Trading Scheme auctions, taking over from NZX, which has operated the ETS auctions since they began in 2021.
Commission urges Govt action on climate risks
7 May 2026
By Liz Kivi | Climate change currently poses major risks to our water infrastructure with “significant gaps” in readiness to manage risks and increasing hazards, according to the Climate Change Commission.
Methanexit: writing on the wall for NZ’s biggest gas user
6 May 2026
By Liz Kivi | New Zealand’s biggest fossil gas user, Methanex, is expected to stop production by the end of this year, with the company confirming its Motunui methanol operation won’t survive Māui gas field’s closure.
Drop in ETS forestry registrations
5 May 2026
By Liz Kivi | ETS forestry registrations have dropped off this year, with the new mandatory emissions return period, new land-use rules, and carbon price volatility all meaning participants aren’t rushing to register forestry in the emissions trading scheme.
NZ ETS guide lays bare policy shifts, uncertainty risks
1 May 2026
By Shannon Morris-Williams | A new guide to New Zealand’s emissions trading scheme highlights major policy changes and warns ongoing uncertainty is weakening price signals needed to drive low-emissions investment.
‘Formidable’ El Niño expected this winter
29 Apr 2026
By Liz Kivi | Meteorologists are anticipating a significant El Niño influence on weather patterns across the country from winter onwards, with predicted lower rainfall for some areas and heavier rain for others likely to impact multiple sectors of the economy as well as the carbon market.
Minister signals hands-off approach to emissions policy
29 Apr 2026
Climate Change Minister Simon Watts used last week's estimates debate to set out the Government's approach to emissions reduction, attributing New Zealand's lowest recorded emissions since 1998 in 2024 not to government policy but to the behaviour of households and businesses.
Forest & Bird warns Emissions Trading Scheme ‘failing’
28 Apr 2026
New advice from the Climate Change Commission shows that New Zealand’s main climate policy tool is broken and at risk of collapse without urgent action to cut gross emissions, according to environmental advocates Forest & Bird.
Commission advises no change to ETS settings but warns Govt of looming risks
24 Apr 2026
By Liz Kivi | The Climate Change Commission is warning the Government of a possible shortfall of Emissions Trading Scheme units by the late 2020s and says the scheme will struggle to provide an investment signal by the mid-2030s.
Govt moving to two-yearly ETS updates
22 Apr 2026
The Government is moving to update ETS settings every two years, rather than each year as it does currently, as part of upcoming changes to climate legislation.
Carbon price rises as lack of forestry credits hint at tightening supply
21 Apr 2026
By Liz Kivi | Prices on the secondary carbon market have rallied to their highest point in 2026, recovering to levels last seen in November last year, just before the Government announced it was unlinking the Emissions Trading Scheme from international climate goals.
Climate pollution static but NZ still on track for first emissions budget, says MfE
17 Apr 2026
By Liz Kivi | New Zealand is still on track to meet its first emissions budget, according to the Ministry for the Environment, despite the pace of emissions reductions slowing to a standstill.
Environment ministry straining under pressure of reforms and potential disestablishment
15 Apr 2026
The ministry responsible for New Zealand’s most significant resource management reform in a generation is doing so under institutional strain, compressed timeframes, and an uncertain future – including its own potential disestablishment.
Carbon ‘stockpile’ up 9 million in March quarter
10 Apr 2026
By Liz Kivi | The ‘stockpile’ of pollution permits (NZUs) in private accounts has increased by just over 9 million to almost 145 million since the end of 2025, according to the latest figures from the Environmental Protection Authority.
Supply-side pressures and political uncertainty ahead for carbon market
7 Apr 2026
By Kristen Green | ANALYSIS: With failed auctions, a surge of new forestry registrations, and an election a few months away, the NZ ETS in 2026 will be subject to a mix of supply-side pressures and political uncertainty.
Tuvalu prioritises climate change in agreement with NZ
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.
Carbon price: Ups and downs amid geopolitical uncertainty
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.
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.
MfE forecasts suggest diminishing NZU stockpile
19 Mar 2026
By Clive Bradbury | ANALYSIS: The Ministry for the Environment has updated its NZ ETS forecasts of emissions, removals and entitlements from the Crown's financial forecasting, with predictions pointing to a significant drop in the ‘stockpile’ this year.
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.
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.
Govt challenged in the High Court over climate plans
16 Mar 2026
A landmark case starts today that will see Climate Change Minister Simon Watts taken to the High Court over claims the Government’s climate plans are unlawful.
Rod Carr is ‘over’ climate change defeatism
13 Mar 2026
By Pattrick Smellie | If there’s one thing former Climate Change Commission chair Rod Carr is “over”, it’s people saying there’s nothing they can personally do to address climate change.
If the government is set on an LNG terminal, gas users, not electricity users, should pay
11 Mar 2026
By Christina Hood | COMMENT: It's increasingly clear that the government's narrative of LNG as ‘dry year electricity insurance’ really doesn't stack up.
Unusual scarcity drives early 2026 NZU rally
5 Mar 2026
By Pattrick Smellie | The New Zealand carbon price has recovered since its late 2025 collapse, although the rally is driven by scarcity rather than confidence in market settings.
Bidders no-show at carbon auction – again
3 Mar 2026
By Liz Kivi | As predicted, today’s carbon auction yet again failed to attract any bidders, with NZUs currently trading hands on the secondary market at a 35% discount on this year’s auction floor price.
Carbon auction set to be another non-event
2 Mar 2026
By Liz Kivi | Tomorrow’s Emissions Trading Scheme auction – the first for 2026 – is set to be a non-event, with secondary market prices more than $25 below this year’s $71 auction floor price.
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.
Carbon price drops as volatility continues
17 Feb 2026
By Liz Kivi | The carbon market is still displaying extreme volatility, with prices dropping back to below $40 yesterday, after trading as high as $46.25 last week.
Carbon market rallies but auction floor still out of reach
13 Feb 2026
By Liz Kivi | The carbon market has rallied, with secondary market prices up more than 25% in the past two weeks, although current prices in the mid-$40s are still far below this year’s $71 auction floor, with the first auction of 2026 less than three weeks away.
Minister’s letters: Mildly positive or just virtue signalling?
5 Feb 2026
By Liz Kivi | The carbon market was buoyed slightly yesterday, after letters between the Government and the Climate Change Commission were proactively released.
Govt looks to Commission for ways to shore up carbon price
4 Feb 2026
By Liz Kivi | The Government has asked the Climate Change Commission to look at lower auction volumes and an increase in the auction floor price as options to revive the Emissions Trading Scheme, as carbon prices remain weak.
Court rejects challenge to Minister and Commission over climate targets
28 Jan 2026
By Liz Kivi | The Supreme Court has rejected Lawyers for Climate Action’s bid to challenge the Climate Change Commission and former Climate Minister James Shaw over climate targets, ending a long-running case which had been working its way through the courts since 2021.
Carbon News updates ten-year NZU forward curve
27 Jan 2026
Carbon News has updated its ten-year NZU forward curve, following a recent fall in carbon spot prices.
Govt consulting on further ETS fee cuts for foresters
27 Jan 2026
By Shannon Morris-Williams | The Government has moved to reduce compliance costs for forest owners, announcing a further cut to ETS registry charges and a new consultation on service fees, a move welcomed by forestry industry groups.
Why did NZUs fall a further $5 over the holiday period?
26 Jan 2026
By Liz Kivi | NZU prices dropped a further $5, or 14%, from an already weak base over the holiday period, with the carbon price falling to its lowest in five years in mid-January.
How wrong they were: NZU-holder poll
26 Jan 2026
By Pattrick Smellie | Just 6% of NZU-holders who answered a Ministry for the Environment poll last year anticipated a decrease in the price of a tonne of carbon in the NZ Emissions Trading Scheme.
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.