Topics tagged with 'NZ Market Report'
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.
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.
Failure is not an auction
9 Jun 2023
By Nigel Brunel | COMMENT: All eyes will be on the second auction on Wednesday, 14th June, when almost nine million tonnes are up for grabs, including eight million NZUs in the Cost Containment Reserve (CCR). The CCR can only be triggered at $80.64 if all the auction volume is exhausted.
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.
Minister warns Canadians may pay more in carbon tax than they receive in rebate
3 Apr 2023
Canada’s environment and climate change minister acknowledged that the average household may eventually pay more for the carbon price than it gets back in rebate payments, but says the Liberal government has other programs to help Canadians lower their energy costs overall.
10 YEARS AGO...
22 Feb 2022
Ten years ago, emulsified fuel technology - which involved adding water to diesel - was being touted as part of the solutions to New Zealand's transport emissions.
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.
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.
MARKET LATESTl NZUs $39.10
10 Feb 2021
Spot NZUs opened at $38.60 bid and $39.60 offered on CommTrade this morning, after last fixing at $39.10.
MARKEST LATEST: NZUs $37.62
23 Dec 2020
Spot NZUs opened at $37.50 bid and $37.75 offered on CommTrade this morning, after last fixing at $37.62.
MARKEST LATEST: NZUs $35
17 Sep 2020
Spot NZUs opened at $34.90 bid and $35.20 offered on CommTrade this morning after last fixing at $35.
MARKET REPORT: NZUs $33.55
23 Jul 2020
Spot NZUs opened at $33.15 bid and $33.55 offered on the CommTrade platform this morning, after last fixing at $33.55.
MARKET LATEST: NZUs $33.00
21 Jul 2020
Spot NZUs opened at $32.50 bid and $33.25 offered on the CommTrade platform this morning, after last fixing at $33.00.
WHAT YOU SHOULD KNOW ...
20 Jul 2020
Auckland Council’s environment and climate change committee meets tomorrow for the first time since March.
After the global oil and gas industry crash, what next?
13 Jul 2020
AN ESTIMATED $US1.6tn has been wiped from the global oil and gas industry this year, but the danger for Australia’s LNG sector remains little acknowledged.
Jarden puts pedals under pioneer carbon trader
7 Jul 2020
If you’re looking for pioneering carbon dealer Nigel Brunel outside trading hours, chances are you’ll find him somewhere around Auckland on his bike.
WHAT YOU SHOULD KNOW ...
6 Jul 2020
Parliament is taking a break for the school holidays and will next sit on July 21.
MARKET LATEST NZUs $31.90
26 Jun 2020
Spot NZUs opened at $31.70 bid and $32.00 offered on the CommTrade platform this morning, after last fixing at $31.90.
Trump plans to open 'America's Amazon' to loggers
18 Oct 2019
Donald Trump’s administration is proposing to lift longstanding restrictions on logging in part of southeast Alaska known as “America’s Amazon”.
MARKET REPORT: NZUs $25.05
30 Jan 2019
Spot NZUs opened at $25.05 bid and $25.20 offered this morning, after last fixing at $25.05.
MARKET REPORT: NZUs $24.20
16 Aug 2018
Spot NZUs opened at $24.05 bid and $24.35 offered this morning, after last fixing at $24.20.
MARKET REPORT: NZUs $21.35
9 May 2018
Spot NZUs opened at $21.35 bid and $21.50 offered this morning, after last fixing at $21.35.
MARKET REPORT: NZUs $20.94
19 Mar 2018
Spot NZUs opened at $20.90 bid and $21.00 offered this morning, after last fixing at $20.94.
MARKET REPORT: NZUs $18.40
20 Oct 2017
Spot NZUs closed yesterday at $18.35 bid and $18.40 offered, after last fixing at $18.40.
MARKET REPORT: NZUs $18.35
5 Sep 2017
Spot NZUs opened today at $18.25 bid and $18.55 offered, after last fixing at $18.35.
MARKET REPORT: NZUs $18.05
1 Mar 2017
Spot NZUs opened today at $17.80 bid and $18.10 offered, after last fixing at $18.05.
MARKET MOVES: NZUs $17
19 Dec 2016
Spot NZUs opened today at $16.70 bid and $17.20 offered, after last fixing at $17.00.
MARKET MOVES: NZUs $17.40
16 Dec 2016
Spot NZUs opened today at $17.00 bid and $17.40 offered, after last fixing at $17.40.
MARKET MOVES: NZUs $17.20
15 Dec 2016
Spot NZUs opened today at $16.90 bid and $17.50 offered, after last fixing at $17.20.
MARKET MOVES: NZUs $17.40
14 Dec 2016
Spot NZUs opened today at $17.20 bid and $17.70 offered, after last fixing at $17.40.
MARKET MOVES: NZUs $17.55
13 Dec 2016
Spot NZUs opened today at $17.40 bid and $17.70 offered, after last fixing at $17.55.
MARKET MOVES: NZUs $17.65
9 Dec 2016
Spot NZUs opened today at $17.55 bid and $17.65 offered, after last fixing at $17.65.
MARKET MOVES: NZUs $17.75
8 Dec 2016
Spot NZUs opened today at $17.70 bid and $17.85 offered, after last fixing at $17.75.
MARKET MOVES: NZUs $17.70
7 Dec 2016
Spot NZUs opened today at $17.65 bid and $17.75 offered, after last fixing at $17.70.
MARKET MOVES: NZUs $17.75
6 Dec 2016
Spot NZUs opened today at $17.55 bid and $17.95 offered, after last fixing at $17.75.
Spot NZUs steady at $11.05
24 Mar 2016
Carbon opened this morning with spot NZUs $10.95 bid and $11.15 offered, after closing $11.05 last night.
Liquidity will return when prices push up again
16 Feb 2016
Spot NZUs closed yesterday at $9.25. OMFinancial reports:
NZUs continue to flow
12 Feb 2016
Spot NZUs closed last night at $9.27. The market is currently bid/offered at $9.20/$9.40. OMFinancial reports:
Busy day for carbon yesterday
27 Jan 2016
Spot NZUs closed last night at $9.55. OMFinancial reports:
Carbon settled on quiet market
18 Dec 2015
The carbon market was quiet yesterday, with the market settling at $9.22. OMFinancial reports:
NZUs at $9.25
17 Dec 2015
Carbon consolidated yesterday, in what is seen as a pause before we move higher. OMFinancial reports:
NZUs touch $9.30
15 Dec 2015
Carbon continues to surprise to the upside; as tipped yesterday, the $8.95 offer was taken out and the $9.00 level was breached. OMFinancial reports:
New courses focus on climate action, activism and creating vision
Fri 12 Sep 2025
Media release | Dark Times Academy’s final lineup of courses for 2025, launching in mid-September, will focus on taking action on climate, learning about practical activism, and creating visions for the future.
Carbon price steady after failed quarterly auction
Tue 16 Sep 2025
By Liz Kivi | The carbon price has continued to trade in its familiar moribund range in the high $50s following last week’s failed quarterly auction, with ample supply still trading on the secondary market at about $10 below this year’s $68 auction floor.
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.
'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.
UK foreign aid for nature hits £800m record due to cash for carbon credits
Tue 16 Sep 2025
The UK’s climate-aid spending on “nature protection and restoration” reached record levels of nearly £800m last year, according to government figures obtained by Carbon Brief.
Air NZ declares surprisingly low SAF prices
3 Sep 2025
By Pattrick Smellie | Air New Zealand is able to source sustainable aviation fuel at between 1.5 and 2.5 times the price of conventional fossil fuels used for flying, all sourced from the US.
No bidders front to carbon auction - again
10 Sep 2025
By Liz Kivi | Today’s quarterly carbon auction was a non-event yet again, making it the third consecutive auction this year with no bidders, with the secondary market price still limping along at nearly 20% below the auction floor.
Ashburton councillor opposes climate strategy he voted for
Wed 17 Sep 2025
Jonathan Leask, Local Democracy Reporter | Incumbent Ashburton councillor Phill Hooper says he doesn’t want to waste money on a climate change strategy, despite voting for the policy a few weeks ago.
'Atrocious' and 'bizarre': experts slam Act Party's climate policy
3 Sep 2025
By Liz Kivi | The Act Party is promising to challenge New Zealand’s Paris Agreement climate target, while the coalition Government’s other minor partner, NZ First, also says it wants to reevaluate the country’s commitment to the international treaty.
Industry struggles with double-digit power price hikes
Mon 15 Sep 2025
As power prices surge by double-digit amounts for the second year in a row, industrial users can’t keep absorbing cost increases, the Major Electricity Users’ Group says.
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.
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.”
Watts not considering removing electricity from ETS
Tue 16 Sep 2025
Energy and Climate Change Minister, Simon Watts, says he is “not currently considering” removing electricity generation from the Emissions Trading Scheme, as proposed by NZ First Minister Shane Jones.
Gentailers told to behave as ministers weigh Frontier review
Wed 17 Sep 2025
The chief executives of Contact, Meridian, Mercury and Genesis met Energy and Climate Change Minister Simon Watts on Thursday for their regular monthly session.
Declining sea-ice is altering Antarctic food webs
11 Sep 2025
A new study shows a significant change in Antarctic phytoplankton over time that could cascade through the marine food web and affect the ocean’s capacity as a carbon sink.
Science cuts will hold back climate research
Wed 17 Sep 2025
By Liz Kivi | A crisis in government-backed science funding is worsening, with dire implications for climate research in New Zealand, according to experts from the scientific community.
Marginal drop in last year's regional emissions
27 Aug 2025
Regional greenhouse gas emissions were down slightly last year, with a fall in gas supply leading to a big drop in Taranaki, but more coal burnt leading to higher emissions in Waikato, according to new figures from Stats NZ
Indigenous forest 'islands' could help transition exotic plantations to native bush
11 Sep 2025
Native forest 'islands' within exotic plantations might be the key to transitioning plantations from exotic to Indigenous, according to new research.
Decline in global oil and gas field output accelerating, IEA says
Wed 17 Sep 2025
The decline in output from mature global oil and gas fields is accelerating amid greater reliance on shale and deep offshore resources.
A modest geothermal strategy
31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
Why mega-polluters have little to fear from the European Central Bank and its new climate policy
Fri 12 Sep 2025
The European Central Bank plans to raise borrowing costs for climate offenders – but a new FTM analysis shows that big polluters such as Shell will barely feel it.
Media round-up
5 Sep 2025
In our round-up of climate coverage in local media: The great methane debate; law change scuppers legal challenge to irrigation scheme consent; and what are the energy and climate implications of the $7.5 billion Amazon Web Services data centre deal?
Coal imports up 650%
Fri 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.
Media round-up
29 Aug 2025
In our round-up of climate coverage in local media: Changes to road user charges will increase New Zealand's emissions; Climate Change Minister Simon Watts promises better access to hazard data for homeowners; and Kiwis borrow over $1 billion in ‘green loans’ for heat pumps and electric cars.
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.
Apple Watch not a 'CO2-neutral product,' German court finds
28 Aug 2025
Apple can no longer advertise its Apple Watch as a "CO2-neutral product" in Germany, following a court ruling on Tuesday that upheld a complaint from environmentalists, finding that the U.S. tech company had misled consumers.
Forest carbon stores massive blind spot - study
4 Sep 2025
By Shannon Morris-Williams | Aotearoa New Zealand’s planted forests hold significant deep soil organic carbon — with over half of it stored below 30 cm, and much of it over 1,000 years old.
Govt tweaks offshore energy bill with 'declared areas' model
Wed 17 Sep 2025
By Shannon Morris-Williams | The Government is making changes to the Offshore Renewable Energy Bill to address offshore wind developers' concerns about competing for space with other industries.
A steady ocean pattern just failed for the first time ever observed
Wed 17 Sep 2025
The failure of the Gulf of Panama’s seasonal upwelling system has left scientists wondering what happens next.
Watts full-throated in National’s support for Paris
10 Sep 2025
By Pattrick Smellie | Climate Change Minister Simon Watts came to this week’s Climate Change and Business Conference with nothing to announce.
Govt resilience plan 'dangerous fantasy' - thinktank
29 Aug 2025
By Shannon Morris-Williams | An independent thinktank, whose members include former Prime Minister Sir Geoffrey Palmer and multiple academics, is warning that the government’s long-term resilience strategy ignores physical and energy realities and exposes Kiwi households and businesses to systemic failure.
‘Plastic Cup’ competitions are cleaning up rivers in Hungary
1 Sep 2025
Afloat on DIY boats, teams of volunteers have removed over 450 tons of plastic waste from the Danube and its tributaries.
Invites-only fast-track for seabed mine slammed as 'rushed, awful'
Fri 12 Sep 2025
By Shannon Morris-Williams | With the wider public shut out of submissions, critics including Te Pāti Māori, Kiwis Against Seabed Mining and Greenpeace say the process strips away robust scrutiny and risks setting a dangerous precedent.
Climate scorecard launched for local elections
Tue 16 Sep 2025
By Shannon Morris-Williams | Youth-led climate justice organisation Generation Zero has launched new candidate scorecards for this year’s local body elections, hoping to make climate a key issue.
Underestimating support for climate action limits political decision making, study says
8 Sep 2025
Research reveals huge disparity between perceived and actual willingness of public to contribute to fixing climate.
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.
Solar and battery systems to boost resilience at Tasman community facilities
Tue 16 Sep 2025
Media release: Tasman District Council | Ten community facilities across Tasman District will soon be equipped with solar panels and battery storage, following confirmation of co-funding from the Energy Efficiency and Conservation Authority (EECA).
The ozone hole continues to recover thanks to international action
Wed 17 Sep 2025
Media release: World Meteorological Organization (WMO) | The Earth’s protective ozone layer is healing and the ozone hole in 2024 was smaller than in recent years, according to a new report.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Ara Ake backs 13 projects to unlock NZ’s energy flexibility
11 Sep 2025
Media release | Ara Ake has approved over $600,000 in funding from the National Flex Discovery Fund for 13 flexibility service providers (FSPs).
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.
Most EU carmakers on track to meet emission targets: study
10 Sep 2025
Almost all European carmakers are on track to meet EU emission targets after winning a reprieve this year as electric vehicles (EV) sales pick up, a study showed.
Hotter, longer, more frequent: NZ’s escalating heat risk
26 Aug 2025
By Shannon Morris-Williams | Heat extremes in New Zealand will intensify faster than previously thought, according to a new study.
Echo Tech secures growth investment to tackle NZ's e-waste crisis
Mon 15 Sep 2025
Media release | Echo Tech Limited, New Zealand’s leading provider of e-waste recycling and IT asset recovery services, is proud to announce a strategic investment from growth equity firm Altered Capital.
La Niña set to prolong NZ hydro shortfall
9 Sep 2025
By Shannon Morris-Williams | With La Niña favouring a drier-than-normal spring across much of the South Island, hydro lakes are unlikely to recover without substantial rain and late snowmelt – keeping national storage levels below average.
Record UK wildfires have burned an area twice the size of Glasgow in 2025
12 Aug 2025
Wildfires have scorched more than 40,000 hectares of land so far this year across the UK – an area more than twice the size of the Scottish city of Glasgow.
Which countries are scaling solar and wind the fastest?
Fri 12 Sep 2025
The leaderboard is quite different depending on what metric you look at.
