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:
Tairāwhiti needs proper Govt support to heal the land – not empty announcements for political optics
Tue 24 Feb 2026
OPINION: The Government’s answer to Tairāwhiti’s severe erosion crisis – that the region apply for modest, contestable funding rounds – while rejecting the region's own land transition business case, leaves our long-term resilience hanging in the balance, writes Manu Caddie.
Media round-up
Fri 20 Feb 2026
In our round-up of climate coverage in local media: 'Every tonne matters': The climate scientist who wants to give you hope; Minister says managed retreat is an option; and climate change is here – is New Zealand ready?
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Singapore sets first ever sustainable aviation fuel levy, as Southeast Asia’s fuel industry grows
17 Feb 2026
Flying in and out of Singapore, home to Southeast Asia’s busiest airport, will get slightly more expensive this year as the city state begins imposing a levy of between 75 cents to $32 per ticket to fund sustainable aviation fuel.
Greens slam move to disband Environment Ministry
Fri 20 Feb 2026
The Green Party has joined climate and health advocates in condemning the Government's decision to disestablish the Ministry for the Environment as part of a multi-ministry merger.
Govt’s own modelling shows LNG leads to higher electricity prices than other solutions
Thu 19 Feb 2026
By Christina Hood | COMMENT: According to modelling conducted by Concept Consulting for MBIE, either developing the Tariki gas storage facility or managing electricity demand would deliver lower wholesale electricity prices than the Government’s preferred solution of an LNG import terminal.
New study looks to nature markets to accelerate climate response
18 Feb 2026
The Nature Conservancy is teaming up with local groups to study the most affordable and effective ways of restoring native habitats at the top of the South Island, including ways to fund the work using international voluntary carbon markets and biodiversity credits.
Trump tariff reversal could cut costs for US energy firms but will likely leave broader flows unchanged
Tue 24 Feb 2026
The U.S. Supreme Court's Friday decision to strike down trade tariffs imposed by President Donald Trump last year may ease costs for some oil producers and drillers, but experts and analysts told Reuters that broader energy flows would likely remain unchanged for now.
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.
Government invests $200m towards Genesis Energy's $400m capital raise
Mon 23 Feb 2026
The Government has confirmed it will buy up to $200 million of new Genesis Energy shares as part of a capital raise announced by the company this morning.
LNG: a rational choice compared to unpalatable alternatives
10 Feb 2026
By Pattrick Smellie | COMMENT: By deciding to underwrite the private construction of a liquefied natural gas import facility in Taranaki, the Government has made a rational choice in favour of energy security and affordability.
Sustainable retail-office project breaks ground under new Green Star framework
Thu 19 Feb 2026
Construction is set to begin on a new retail-office development in central Auckland, which is targeting a 40% reduction in embodied carbon and 25% lower energy.
Opposition attacks Govt over fossil fuel phaseout backdown
2 Feb 2026
By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.
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.
World’s largest A/C firm to open multi-million dollar NZ facility
Tue 24 Feb 2026
Media release: Daikin NZ | A multi-million-dollar Christchurch facility to be opened by the world’s largest air conditioning manufacturer will integrate upcycled climate-damaging refrigerant from end-of-life heat pumps into its operations, preventing it from entering the waste stream.
Environmental groups call for ETS reform
Fri 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.
Hipkins rejects LNG terminal, backs renewables
Tue 24 Feb 2026
By Shannon Morris-Williams | Labour leader Chris Hipkins used his State of the Nation address to warn that worsening extreme weather and rising energy costs show climate change is no longer a distant threat.
Transport dominates NZ’s rising consumer emissions
10 Dec 2025
By Shannon Morris-Williams | Transport pollution was the biggest contributor to an increase in New Zealand’s consumption-based emissions in 2023, with emissions from household travel up 12%, and consumption-based emissions totalling 58.3 million tonnes – up 1.6% from the previous year.
Slash for cash turns storm debris into jobs and climate resilience
Thu 19 Feb 2026
A community-led initiative in Tairāwhiti is transforming storm-damaged forestry slash into jobs, soil regeneration and long-term climate resilience.
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.”
European Central Bank's green supervision grows teeth, but will banks avoid being bitten?
13 Feb 2026
After several years of issuing guidance and repeatedly calling on banks to take climate and environmental risk management seriously, the European Central Bank is moving from guidance and expectations to enforcement.
Green Member’s Bill aims to give whales legal ‘personhood’
9 Feb 2026
The Green Party wants to give whales legal rights, including the right to sue.
Claims that AI can help fix climate dismissed as greenwashing
18 Feb 2026
Tech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report.
Govt missing opportunity to slash electricity prices, says expert
11 Feb 2026
By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.
Media round-up
13 Feb 2026
In our round-up of climate coverage in local media: Senior UK ministers have asked their New Zealand counterparts to explain new climate policies, National’s LNG blunders are a warning ahead of election campaign, and what are the lessons New Zealand should take from another summer of weather disasters?
Wales council to buy and demolish homes prone to flooding
4 Feb 2026
A row of homes in a village in south Wales is to be bought by a local authority and demolished as they can no longer be protected from flooding caused by the climate crisis.
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.
Australian gas producer Santos wins court fight over net zero claims
18 Feb 2026
An Australian court on Tuesday threw out a lawsuit against gas producer Santos that alleged the company misled the public on its plans to achieve net zero carbon emissions.
Govt unveils plans for carbon storage regulations – and ETS rewards
18 Dec 2025
By Liz Kivi | The Government has released plans to regulate carbon capture and storage in natural geological formations, which include Emissions Trading Scheme incentives, with the aim of introducing related legislation in 2026.
Mining permits surge as Jones touts revival – gold prices loom large
Mon 23 Feb 2026
Resources Minister Shane Jones is claiming early signs of success in his bid to boost the mining sector, citing new NZ Petroleum & Minerals data showing a rise in mineral permit applications and decisions in 2025. Though how much is driven by policy change and how much by very high prices for gold and other minerals is difficult to decipher.
Partnership to advance Pacific science and environmental leadership
Thu 19 Feb 2026
Media release | Waipapa Taumata Rau, University of Auckland, and the Secretariat of the Pacific Regional Environment Programme have signed a Memorandum of Understanding (MoU) to strengthen collaboration in Pacific-led science, research and capacity-building, with a strong focus on environmental sustainability and ocean stewardship.
Calls for action to reduce emissions as extreme weather bites
17 Feb 2026
By Liz Kivi | Renewable energy advocates and environmental groups are calling for more action to reduce emissions and increase resilience as severe weather wreaks havoc across the country.
Australia-US minerals deal underpinned decision to allow mining company to clear threatened indigenous forest
Mon 23 Feb 2026
The Australian government’s decision to allow the US mining giant Alcoa to continue clearing swathes of Western Australian jarrah forest despite past illegal clearing practices was made in part due to a critical minerals deal reached between Australia and the Trump administration last year, a new document shows.
‘They pushed so many lies about recycling’: the fight to stop big oil pumping billions more into plastics
Tue 24 Feb 2026
Plastic production has doubled over the last 20 years – and will likely double again. For author Beth Gardiner, metal water bottles and canvas tote bags are not the solution. So what is?
Environmental groups boycott Bluegreens forum
Tue 24 Feb 2026
National’s Bluegreens forum in Wellington doubled as a small but telling election-year rehearsal: a bid to reclaim “moderate green” territory while parts of the environmental NGO ecosystem conspicuously stayed away.
78% of NZers want bottom trawling banned as Govt pushes to catch more coral in South Pacific
17 Feb 2026
Media release | New polling shows overwhelming support from New Zealanders for a ban on bottom trawling in the South Pacific high seas, says Greenpeace.
Brazil and India agree to boost cooperation on rare earths
Tue 24 Feb 2026
Brazil and India sealed a deal Saturday on critical minerals and rare earths, enhancing cooperation on crucial resources between two major countries of the global south as they seek to diversify their trading relationships.
Antarctic sediment core reveals past ice sheet retreat during warmer climates
18 Feb 2026
A record-breaking sediment core drilled from beneath the West Antarctic Ice Sheet is giving scientists new insight into how the ice sheet responded to warmer climates in the past — and what that could mean for future sea-level rise.
DOC trims costs and winds down jobs for nature
10 Nov 2025
The Department of Conservation (DOC) is entering a new phase of tighter budgets and structural change as it winds down the pandemic-era Jobs for Nature programme and reshapes its operations to absorb long-term cost pressures.
NZ-UAE partnership boosts advanced tech
9 Feb 2026
Media release | A new Antarctic science partnership with a leading UAE university will grow New Zealand’s advanced engineering and modelling capability, supporting high-value jobs, encouraging economic growth, and enabling smarter climate risk management, Science, Innovation and Technology Minister Dr Shane Reti says.
Pacific climate response in question as NZ finance remains unclear
19 Dec 2025
By Shannon Morris-Williams | With New Zealand's $1.3 billion international climate finance commitment set to end with no clarity on what follows, the Auditor-General says oversight of that funding remains patchy and long-term outcomes are unclear.
NZ’s EV uptake decelerates
Mon 23 Feb 2026
By Liz Kivi | New Zealand’s EV uptake is lagging behind other countries, with a huge drop in EV sales since 2023 bucking international trends, at the same time the Government contemplates abolishing its standard for clean cars entirely.
Lawyers seek answers on climate impacts of LNG import facility
13 Feb 2026
By Shannon Morris-Williams | Lawyers for Climate Action has written to Climate Change and Energy Minister Simon Watts warning that the Government's plan for an LNG import terminal could be in conflict with New Zealand’s climate obligations and emissions reduction targets.
Infrastructure plan calls for ‘predictable approach’ to electrifying economy
18 Feb 2026
Aotearoa’s first National Infrastructure Plan, introduced to Parliament yesterday, calls for "a predictable approach to electrifying the economy" as one of ten priorities for the next decade.
New research on climate adaptation as severe weather hits
16 Feb 2026
As extreme weather batters the country yet again, researchers have published the first ever empirical study of climate adaptation justice in Aotearoa New Zealand.
Study finds warming world increases days when weather is prone to fires around the globe
Fri 20 Feb 2026
The number of days when the weather gets hot, dry and windy — ideal to spark extreme wildfires — has nearly tripled in the past 45 years across the globe, with the trend increasing even higher in the Americas, a new study shows.
India and UK launch offshore wind taskforce
Mon 23 Feb 2026
Constituted under Vision 2035 and the Fourth India-UK Energy Dialogue, the Taskforce is designed to provide strategic leadership and coordination for India’s nascent offshore wind ecosystem.
