Topics tagged with 'NZ Market Report'
Support grows for restrictions
9 Aug 2013
In addition to Labour MP Moana Mackey’s bill, sitting in the ballot box waiting to be drawn, there is a growing chorus of support for partially restricting the use of ERUs and CERs in the New Zealand ETS from now. OMFinancial reports:
Supply down, prices up
2 Aug 2013
Supply of ERUs has dried up over the past couple of weeks so prices have moved higher. OMFinancial reports:
European carbon extends gains
26 Jul 2013
The European market is having a stellar run, in particular EUAs, which had their ninth straight gain, something that hasn’t been seen for five years. OMFinancial reports:
Light trading in EUAs
12 Jul 2013
EUAs closed down 6 per cent for the week, as light volumes and a lack of buying activity from the utilities saw the market give back all the gains made since the market intervention plan was backed by the European Union Parliament, OMFinancial reports.
Wild swings as EU votes for backloading
5 Jul 2013
European carbon corrected overnight with December 2013 EUAs settling at €4.55, down 14 cents, OMFinancial reports.
EUAs behave as backloading looms
28 Jun 2013
It’s no surprise that EUAs have corrected further given that only the first corner on the backloading proposal has been past, says OMFinancial.
Bull trend in NZUs?
28 Jun 2013
NZUs hit a six month high yesterday of $2.50 – and now there is debate about whether this is just a speculative led low volume rally with no substance or the start of a bull trend. OMFinancial reports:
Europe traders take another look
21 Jun 2013
European carbon consolidated overnight as traders squared positions and take a relook at the market.
Carbon prices continue Europe rally
7 Jun 2013
Carbon prices in the EU have continued their climb as permits have risen 2.1 per cent in value to close at seven-week highs, says OMFinancial.
NZUs at $2 good to collect
24 May 2013
OMFinancial reports a good supply of NZUs at present - in the vicinity of 200,000 spot at $2 and 100,000 May 2014 at $2.20.
Carbon markets must get ready to grow
17 May 2013
According to Reuters, the number of EUAs floating about in the European Carbon market doubled betwen 2011 and 2012.
Take the cash ... it's free
10 May 2013
EITEs would be wise to swap for Green ERUs all of the “free” NZUs coming to them in 2013 and 2014.
Utilities buy ailing European carbon
19 Apr 2013
European carbon bounced overnight as utilities stepped into the market and took advantage of historically low prices, OMFinancial reports.
Why you should dump Green CERs
5 Apr 2013
The question has to be asked: How can a Green CER trade at €0.30+ cents when an ERU is sub €0.10 cents?
Europe vote edges closer
22 Mar 2013
Europe edges closer to the magic 245-vote backloading number, with Slovenia and Ireland indicating support bringing the number to 214, OMFinancial reports.
Price steady after overnight spike
15 Mar 2013
After a lack of support throughout the week, the December 2013 EUA - touching lows of €3.45 overnight - spiked up to €4.23 before settling at €3.70.
European market firms slightly
8 Mar 2013
The European market is left to hang as it waits for further back-loading news, OMFinancial reports.
Sell ... and put your money in the bank
1 Mar 2013
The recommendation for EITEs & Emitters holding NZUs now is to bank them and buy Green ERUs as replacement, says OMFinancial.
Carbon thumped overnight
15 Feb 2013
The local carbon market got smacked on the smell of an oily rag yesterday - thumped over 30 cents on 10,000 tonnes, to close at $2, OMFinancial reports.
EU party move leaves market in limbo
8 Feb 2013
The European market remains in limbo after news that the biggest EU party, the European People’s Party (EPP), is not likely to approve the back-loading proposal, says OMFinancial.
It's not all bad news from Europe
1 Feb 2013
European carbon markets trundled along sideways during their first session of the week, as no major change was recorded in spot CERs and ERUs, OMFinancial reports.
Market plunge gets the tongues wagging
25 Jan 2013
The major talking points this week are the massive market plunge in an already-volatile market which has been stirred up by rumour and political uncertainty, says John Davis of CF Partners in London.
European prices remain low
18 Jan 2013
Poor German economic data kept European carbon prices trundling along on their lows last night, OMFinancial reports.
EUAs take a dive ... again
30 Nov 2012
EUAs got smacked again last night, falling 25 cents, OMFinancial reports.
Carbon hits the windshield
16 Nov 2012
European carbon found its windshield last night, with EUAs dropping 10 per cent, OMFinancial reports.
A case of too many CERs
19 Oct 2012
CERs were sold off overnight, falling 15 cents on concerns that more issuance is pushing the number of CERs beyond the level the system needs, OMFinancial reports.
NZUs ignored, says trader
5 Oct 2012
European carbon was firm for most of the session last night, with a very firm oil lending support on the back of Syrian/Turkey tensions, OMFinancial reports.
The case for UN offsets
28 Sep 2012
For the record, OMFinancial is not against having UN offsets in New Zealand's Emissions Trading Scheme, the brokerage says.
Permit supply hopes firm prices
21 Sep 2012
Carbon has firmed again overnight on renewed optimism that a solution and an agreement would happen in regard to reducing permit supply, OMFinancial reports.
Bernanke move slows market
14 Sep 2012
The market spent most of the day in positive territory, only to sell off late, in the face of a turn in energy markets and the prospect of United States Federal Reserve chaiman Ben Bernanke speaking about further monetary easing, OMFinancial reports.
It's raining ERUs ...
7 Sep 2012
It was another night of contrasts; CERs and ERUs smashed and EUAs managing a small gain, OMFinancial reports.
Sell-off catches traders by surprise
31 Aug 2012
A large issuance of Industrial Gas CERs saw the market sell-off last night, catching traders by surprise, OMFinancial reports.
CERs continue to firm
24 Aug 2012
A firm energy market, especially in oil and German power, supported the carbon complex last night.
NZ carbon attractively priced
10 Aug 2012
It is clear we are going to trade a range for the next few weeks, OM Financial reports.
NZUs now the 'wallflower' at the carbon dance
3 Aug 2012
The European carbon market moved higher overnight, in spite of weaker energy markets, OMFinancial reports.
Switch NZUS for ERUs
27 Jul 2012
Carbon was defensive early, but finished with underlying strength and momentum after ECB President Mario Draghi pledged to do whatever it takes to support the Euro, OMFinancial says.
Market smacked
20 Jul 2012
The European market fell again last night as the permit delay appears to be headed for a quagmire.
Eyes on the prize
6 Jul 2012
The European Central Bank cut 25 points, China had a surprise rate cut, and the Bank of England starts another 50 billion of quantative easing, OMFinancial says.
Europe holds in the face of weaker energy markets
29 Jun 2012
CERs edged up again last night, albeit on limited volume and in the face of weaker energy markets, OMFinancial reports.
Sailing along on a sea of red
22 Jun 2012
Another day of consolidation for European carbon markets, but given the weakness across global markets carbon is holding up well after a run of nearly 20 per cent in a fortnight.
Rumours close European market higher
15 Jun 2012
The European market edged up again last night as news filtered out that European Commission was drafting proposals to delay the auctioning of between 400 million and 1.2 billion permits.
Arbitrage back on the table
8 Jun 2012
The Chinese cut rates by 25 basis points - and that’s not a good sign, OMFinancial reports
Futures manage bounce in Europe
1 Jun 2012
CER Futures managed to squeeze out a small bounce during the European session last night, albeit on reduced volume and no major fundamental change, OMFinancial reports.
It's all down to the Greeks
25 May 2012
Despite negative data last night in Europe - German IFO business sentiment falling to six month low, eurozone flash PMI 45.9 vs. 46.7 in April and UK recession deepening with Q1 GDP revised to -0.3 per cent - carbon managed to rebound on a stronger energy complex and finish the day firm, OMFinancial reports.
Why the NZUs premium has shrunk
18 May 2012
The premium of NZUs over European carbon has evaporated over the past week or two, with the differential of NZUs over ERUs now about 10 cents.
Events in Europe keep carbon down
11 May 2012
Global carbon prices remain subdued and depressed, OMFinancial reports.
Stop and think about the tax
27 Apr 2012
As we head in to May surrender time, OMFinancial is urging all ETS participants who are about to pass units to their points of obligation or to the Government to pause and consider the amount of tax you are effectively about to pay.
Good news from Europe
20 Apr 2012
European carbon prices have consolidated and posted modest gains in the past week.
Price fall stops - for now
13 Apr 2012
The international price for carbon is consolidating at current levels after suffering a sharp sell-off through March on the back of oversupply, disagreement about how to deal with it and a greater-than-expected fall in 2011 emissions.
Uncertainty keeps carbon prices down
5 Apr 2012
Carbon is suffering another down-leg as uncertainty and over-supply problems persist, OMFinancial reports.
Urban rewilding combats global biodiversity decline
Wed 28 May 2025
Media release | A new study led by the University of Sydney reveals how cities around the world are restoring wildlife to their former habitats in the face of ongoing urban sprawl.
Controversy around NZ’s methane target hits international press
Today 12:00pm
By Liz Kivi | New Zealand’s approach to methane targets has hit international media, with climate scientists from multiple countries penning an open letter warning Prime Minister Christopher Luxon not to weaken methane targets.
Greenwashing is rife in Australia, but could its days be numbered?
Wed 28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Help sustainable aviation fuels take off or delay targets, airlines warn EU
20 May 2025
Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.
Govt's RMA overhaul sparks fears for nature and climate
Fri 30 May 2025
By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
Govt mulls status quo for ETS auction settings
Thu 29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
EU climate chief lobbied Germany to back weakened 2040 goal
Today 12:00pm
The European Commission’s climate chief successfully lobbied Germany’s coalition government to endorse a controversial measure that weakens the EU’s next climate target.
Carbon price too low to fund carbon capture
20 May 2025
The government’s climate target to 2030 is at risk, after revelations that a carbon capture project which the government was relying on to deliver one third of its carbon reductions, might not go ahead.
Fight over coal mine heats up
Fri 30 May 2025
Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Owning a green home could cut mortgage payback time by two years
9 May 2025
A green certified home plus a green mortgage and associated energy bill savings could save Kiwi families up to $98,800 over the course of their mortgage - the equivalent of being mortgage-free several years early, according to new research.
Cuts to climate finance put exports in jeopardy: Lawyers
23 May 2025
By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.
Watts talks big on energy reform, but barriers persist
Thu 29 May 2025
By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.
“It’s not the car – it’s how we move” – EECA
Today 12:00pm
By Shannon Morris-Williams| New Zealand’s transport emissions conversation has focused heavily on electric vehicles – but Richard Briggs, group manager, delivery and partnerships at the Energy Efficiency and Conservation Authority, says we’re asking the wrong question.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Death toll from Nigeria flash floods rises to 151
Today 12:00pm
At least 151 people in central Nigeria are now known to have died following flash floods that destroyed homes and displaced thousands of residents earlier this week.
Oceans Commission must have teeth – minister
14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Environmentalists see forestry changes as dangerous step for Tairāwhiti
Today 12:00pm
By Zita Campbell, Local Democracy Reporter | Tairāwhiti environmentalists have called changes for commercial forestry under proposed Resource Management Act reforms “a slap in the face” and a return to weaker forestry regulations.
Why expensive gas – not net-zero – is keeping UK electricity prices so high
Wed 28 May 2025
The UK’s high electricity prices have become intensely political, with competing claims over the cause of rocketing bills and how best to get them down.
Hotter and deeper: how NZ’s plan to drill for ‘supercritical’ geothermal energy holds promise and risk
2 Apr 2025
By David Dempsey, University of Canterbury | New Zealand’s North Island features a number of geothermal systems, several of which are used to generate some 1,000 MegaWatts of electricity. But deeper down there may be even more potential.
Electrification challenge for politicians, regulators
27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
Fri 30 May 2025
By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
Methanex closure comes early this year
14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
What happened to the hydrogen economy?
Today 12:00pm
The hydrogen car that was supposed to carry us into a cleaner future is still not in the driveway. In fact, outside of a few test markets, it’s not in anyone’s driveway.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
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.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
Kiwi cleantech companies on the world stage
27 May 2025
Six New Zealand 'cleantech' companies were in Singapore earlier this month, along with a venture capital firm and the MacDiarmid Institute, to meet investors and multinational partners.
Carbon News launches price index
24 Jun 2024
Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.
New research reveals NZ’s natural resource footprint
Thu 29 May 2025
Media release | New research from the office of the Parliamentary Commissioner for the Environment reveals that about 107 million tonnes of natural resources were required to produce the goods and services consumed by New Zealanders in 2019 – approximately 21 tonnes per person on average.
World’s nations to gather in France to tackle what UN says is a global emergency in the oceans
Fri 30 May 2025
The world’s nations are gathering in France next month to tackle what the United Nations calls a global emergency facing the world’s oceans as they confront rising temperatures, plastic pollution choking marine life, and relentless overexploitation of fish and other resources.
Europe’s next climate target may already have been agreed in Berlin
Wed 28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
Warm water affecting Antarctica’s largest ice shelf - new research
22 Apr 2025
While Antarctica’s Ross Ice Shelf is currently stable, new research shows warm water is reaching up to 170 kilometres under the front of the ice shelf.
NZ's first chance in 20 years to catch up on waste
Fri 30 May 2025
Media release | The government has announced proposals for updating the Waste Minimisation Act and the Litter Act. For the first time in nearly 20 years, Kiwis have a chance to catch up with other countries to reduce our waste and litter.
Dismissals 'massive win' for climate movement
13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
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.
For the first time, China invests more in wind and solar than coal overseas
Thu 29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
A fungus that can ‘eat you from the inside out’ could spread as the world heats up
27 May 2025
Infection-causing fungi responsible for millions of deaths a year will spread significantly to new regions as the planet heats up, new research predicts — and the world is not prepared.
Green budget 'ludicrous la-la land' – govt
15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
While govt ‘refreshes’ fund for low carbon trucks, are transport emissions set to accelerate?
Wed 28 May 2025
By Liz Kivi | The government has announced it is updating the Low Emissions Heavy Vehicle Fund, however cuts to funds to decarbonise transport in last week’s budget, and potential changes to road user charges, could stall transport emissions reductions.
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.
More than 1 in 4 cars sold globally in 2025 expected to be EV: IEA report
26 May 2025
According to the Global EV Outlook 2025 report from the International Energy Agency (IEA), 2025 is set to be big for EV sales. The report predicts that about one in four cars sold worldwide this year will be electric, despite overall market uncertainties.
Brazil seeks early deals on two stalled issues at Bonn climate talks
26 May 2025
Moving forward work on just transition and implementing recommendations from the Global Stocktake of climate progress are key priorities for upcoming UN negotiations.
Water crisis on the horizon?
26 May 2025
Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.
Global sea levels rise spelling catastrophe for coastal towns and cities
14 May 2025
For around 2,000 years, global sea levels varied little. That changed in the 20th century. They started rising and have not stopped since — and the pace is accelerating.
Tropical forest loss hit new heights in 2024; fire a major driver in Latin America
23 May 2025
Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.
NZ moving too slowly to decarbonise – former commission chair
22 May 2025
By Liz Kivi | New Zealand's energy transition is too slow and too controlled by vested interests, according to former Climate Change Commission chair Rod Carr.
