Topics tagged with 'NZ ETS'

Secondary carbon market “pops” to 5-month high, ETS announcement later today
22 Aug 2023
The NZU price hit a 5-month high late last week, trading as high as $66.50 on Friday - up 10% for the week.

Updated bill “big win” for climate
17 Aug 2023
Activists are claiming a climate bill update as a significant win against big polluters - with 800,000 tonnes of subsidised carbon dioxide pollution now cut from free allocations.

ETS needs to incentivise gross emissions reductions: Consultations close tomorrow
10 Aug 2023
By Ann Smith | Although New Zealand has updated its international commitment to reduce emissions, it is still ranked as “Highly Insufficient” by Climate Action Tracker.

Tender for forestry NZUs
9 Aug 2023
An unnamed buyer is in the market for a “significant volume” of forestry NZUs through a tender process.

Māori forestry lobby welcomes Nat’s commitment to leave ETS unchanged
7 Aug 2023
Māori forestry group Te Taumata has welcomed a National Party statement that they would not make major changes to the Emissions Trading Scheme if voted into government at the upcoming election.

Carbon price fluctuates with potential for more volatility
2 Aug 2023
It’s been a big week for NZUs on the secondary market, with the price rising almost $18 to $65 on Wednesday last week, hovering around $60 for several days, but then dipping below the $60 mark.

Energy Council releases wish list for the next govt
31 Jul 2023
The BusinessNZ Energy Council says the next government should set long-term energy goals and stick to them - without reactive kneejerk policy changes.

Foresters welcome ETS reset
27 Jul 2023
Foresters have welcomed the government’s reset of Emissions Trading Scheme auction settings, saying it should incentivise forestry and wood processing investors for the embattled industry.

Forestry consultations
27 Jul 2023
The Ministry for Primary Industries is consulting on two forestry-related issues, with the deadline for one just a week away.

Govt U-turn adopting Commission’s advice on ETS auction settings
26 Jul 2023
The government has adopted the Climate Change Commission’s advice on ETS auction settings from December, with a significantly higher floor price, lower auction volumes, and two-tiers of much higher prices for the cost containment reserve.

Carbon price bounces but how high will it go?
26 Jul 2023
Pundits are picking the government’s decision to adopt most of the Climate Change Commission’s ETS recommendations, rejected by Cabinet last year, will result in a sustained increase in the price of carbon. But few expect it to return to the $88.50 high of last November anytime soon.

Govt signals ETS announcement, market “drifting”
25 Jul 2023
The Ministry for the Environment has signalled it will make an announcement about the Emissions Trading Scheme tonight, after the market closes.

The ETS works just fine, but unaffordable, ideological reforms will set us back
25 Jul 2023
By Andrew Cushen | OPINION: We are seeing a lot of noise about the Emissions Trading Scheme at the moment. If you listen to the likes of Climate Change Minister James Shaw, and previous Carbon News correspondent, Deirdre Kent, you may be thinking the scheme is a failure and in desperate need of reform.

Greens and NZ First launch election campaigns
24 Jul 2023
The Greens and NZ First were the first parties to officially launch their election campaigns over the weekend, with the climate crisis a core part of the Greens campaign - while it got only a passing mention at the NZ First launch.

ETS reforms puts $16 billion of potential Māori forestry earnings at risk, UN told
21 Jul 2023
By Jeremy Rose | A representative of Māori forestry interests in the Far North this week told a United Nations hearing in Geneva that the government’s ETS reforms were putting a $16 billion economic opportunity at risk

Govt gives Fonterra $90 million as part of $790 million spend to cut coal
20 Jul 2023
The government is giving Fonterra $90 million as part of a $790 million investment to cut coal use at six of its dairy factories.

Carbon price jumps 30%
19 Jul 2023
The price of NZUs on the secondary market has rebounded since last week’s unexpected revelation that the government would be forced to change Emissions Trading Scheme settings.

Carbon stockpile down
19 Jul 2023
The “stockpile” of NZUs is down after the last surrender deadline, with emitters using primarily forestry or industrial allocation to meet their obligations under the ETS.

High Court orders govt to review ETS settings
17 Jul 2023
By Liz Kivi | The government will be forced to review Emissions Trading Scheme settings, after climate activist lawyers won a High Court case arguing the decision-making process for the December 2022 regulations was flawed.

Isn’t it time to admit the Emissions Trading Scheme will never work?
13 Jul 2023
By Deirdre Kent | OPINION: The ETS won’t work and the time has come to explore other methods of reducing emissions instead, like Tradable Energy Quotas.

Govt to include carbon sinks in Emissions Trading Scheme
12 Jul 2023
Cabinet agreed last week to reform the Emissions Trading Scheme to recognise all forms of carbon sinks rather than just forestry.

Forestry lobbying heats up over ETS review
11 Jul 2023
Forestry interests are continuing their campaign to ensure forestry retains value under a reviewed Emissions Trading Scheme, with another open letter to the government saying climate goals are at risk.

Govt launches consultation on biodiversity credits
7 Jul 2023
The government has launched consultation on a national biodiversity credit system, which it says could address “the gap” between exotic and native forests under the emissions trading scheme.

Carbon price crashes, “split market” developing
7 Jul 2023
The carbon price dropped to a two-year low this week, and insiders say a split market is developing, with lower prices for forestry-derived NZUs.

Foresters launch campaign to stop their carbon credits losing value
6 Jul 2023
The climate change minister says a new campaign entitled “Halt the NZU Grab” is spreading misleading information.

Forestry investment at risk, along with climate targets
4 Jul 2023
By Liz Kivi | Foresters may lose their businesses if the carbon price stays low, with contractors already losing their jobs.

NZU spot price drops further
29 Jun 2023
The price of NZUs on the secondary market is in freefall following the government’s consultation announcement on ETS settings and restrictions on permanent forestry.

Polluters aiming to meet ETS obligations at auction: report
29 Jun 2023
Nearly half the bidders in June’s declined carbon auction were polluters aiming to meet ETS obligations, and their bids would have been successful if the auction had cleared.

Forestry Institute's open letter warns NZ may fail to meet climate commitments
23 Jun 2023
The New Zealand Forestry Institute has penned an open letter to MPs and the media outlining “deep concerns” about the future of forests and forest investment, with climate commitments at stake.

Carbon credits: how do you know if you’re buying quality?
23 Jun 2023
By Ann Smith | COMMENT: It doesn’t matter whether carbon credits originate in New Zealand or from overseas, they can be credible or they can be questionable. So how do you tell the difference between high quality carbon credits and those of questionable origin?

Best by the rest...
23 Jun 2023
In our weekly round-up of the best climate coverage in local media: major risks to NZ’s climate plan; experts argue that the ETS shouldn't be our only weapon against the climate crisis; and the Forever Project’s quarterly magazine looks at future farms.

Carbon price plummets: what does ETS review mean for future prices?
22 Jun 2023
By Liz Kivi | The carbon price on the secondary market has slumped to its lowest point since 2021 in the wake of the government’s ETS announcement, after rallying briefly following last week’s failed Emissions Trading Scheme auction.

ETS forestry review critical to achieving emissions goals
20 Jun 2023
By Christina Hood | COMMENT: The government’s review of the Emissions Trading Scheme is critical and long overdue, with the potential to drive much deeper gross emission cuts and set up forestry as the long-term carbon sink New Zealand needs for net-negative emissions. But if done badly, the review risks trading off these separate but important goals and achieving neither.

ETS review options will take too long to implement: expert
20 Jun 2023
Proposed changes to the ETS will take too long to come into effect and do not go far enough to solve the core issues, according to an expert.

ETS review looks at reducing NZUs at auction
19 Jun 2023
The government has opened public consultation on the New Zealand Emissions Trading Scheme as well as consultation on redesigning its Permanent Forest Category.

Best by the rest...
16 Jun 2023
In our weekly round-up of the best climate coverage in local media: Antarctic tipping points: the irreversible changes to come if we fail to keep warming below 2℃, climate change minister says NZ must pick a team; and warming seas threaten Māori food sources.

ETS auction fails to clear
14 Jun 2023
Today’s ETS auction has been declined because the clearing price did not meet the minimum price settings. As a result, there are no winning bids.

The Transatlantic carbon-pricing clash
14 Jun 2023
Economists have long argued that regulation alone cannot bring about the reduction in global greenhouse-gas emissions that is needed to curb climate change; a carbon price is also essential.

National vows to keep agricultural emissions out of the ETS, restrict forestry planting
13 Jun 2023
By Liz Kivi | The NZ Institute of Forestry says the National Party’s newly unveiled climate and agricultural policy will hinder the country’s climate goals.

Best by the rest...
9 Jun 2023
In our weekly round-up of the best climate coverage in local media: Climate scientist James Renwick says, on a finite planet, never-ending growth of anything is unsustainable; National says He Waka Eke Noa is “dead”; and Taranaki council wants seabed mining banned.

What if all auctions fail this year? Does the Registry oversupply problem disappear?
8 Jun 2023
By Nigel Brunel | COMMENT: All 2023's ETS carbon auctions failing is one of many scenarios for NZU prices in the next 12 months. But it could go a long way to solving the registry oversupply if it happens.

High court action requesting a delay on ETS consultation fails
7 Jun 2023
There was a move in the high court to delay the release of the ETS consultation. The court ruled against the request.

Battle lines harden over how to slash CO2
7 Jun 2023
Banish fossil fuels, capture their emissions, pull CO2 from thin air -- diplomats in Bonn for UN-led climate talks agree there's too much planet-warming carbon dioxide in the atmosphere, but remain at loggerheads on the best way to reduce it.

Offshore unit procrastination could cost NZ billions
6 Jun 2023
New Zealand must buy around 80mt offshore carbon units to meet its Paris NDC commitment in 2030.

Which deserves a carbon credit – nature or technology?
6 Jun 2023
The United Nations has drafted a document that will define a new global carbon market for years to come, which seems to favor nature-based solutions over technological or engineered carbon removals.

Price collapse causes 20% loss for carbon fund
29 May 2023
Carbon prices collapsed at the end of 2022, causing more than 20% loss to Salt Management’s carbon fund in the 12 months to March.

Govt, NZ Steel to take action towards a low emissions economy
22 May 2023
The government will invest up to $140 million to subsidise one of the country’s largest greenhouse gas emitters, making it New Zealand’s biggest decarbonisation plan to date.

NZ ETS consultation launched
22 May 2023
The NZ government announced a four week consultation on proposals to update “unit limits and price control settings for the New Zealand Emissions Trading Scheme (ETS)”.

Offsetting and carbon neutral claims in the dock
19 May 2023
By Ann Smith | COMMENT: Over the past few months, The Guardian has published five or more articles questioning the integrity of carbon offset projects that have been certified by well-known international organisations that issue carbon credits.