Topics tagged with 'NZ Market Report'
NZ market firm
15 Aug 2013
European carbon remains buoyant ahead of a holiday across much of Europe tomorrow, OMF reports.
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.
Media round-up
Fri 26 Jun 2026
In our round-up of climate coverage in local media: the UK Government is questioning whether New Zealand's oil and gas investment breaches its free trade deal; the Infrastructure Commission warns the government to slow down its LNG plans; and Shane Jones has a grim visitor outside the Environmental Defence Society's conference.
French farmers suffer arid crops, heat-stricken animals
Fri 26 Jun 2026
France's current heatwave is taking a toll on farmers, who are seeing livestock die and are racing against time to harvest cereals without sparking fires in the tinder-dry crops.
$30m airline fund risks ‘burning public money’ without lasting benefit – expert
20 Mar 2026
By Shannon Morris-Williams | A $30 million government package to support regional air routes risks delivering poor value for money while increasing emissions, according to transport strategist Tim Adriaansen.
Airline CEOs warn EU plan to expand carbon costs will raise fares
10 Jun 2026
Europe's biggest airlines have urged the European Union not to extend its Emissions Trading System to cover international flights, warning the move would raise ticket prices, a letter seen by Reuters showed.
Report reveals NZ falling short on biodiversity investment
Today 11:30am
By Shannon Morris-Williams | New Zealand's biodiversity spending has gone backwards, with a new report revealing a $108 million biodiversity investment gap, with spending falling at the same time as economic growth should have driven a significant increase in funding.
'Stored solar': Bioenergy Association touts cost benefits of biomass boilers over gas
Wed 24 Jun 2026
By Oli Lewis | Businesses across New Zealand are warming to bioenergy, but advocates believe woody biomass could play a far greater role as a replacement for more expensive natural gas and electric heat options.
Scrutiny week reveals unresolved trade-offs
Wed 24 Jun 2026
Last week's select committee scrutiny hearings showed how far the Government's energy and environment agenda has moved from target-setting to implementation. They also showed how many unresolved trade-offs now sit beneath that shift.
TotalEnergies must address climate risks linked to its products, French court rules
Today 11:30am
French oil major TotalEnergies must disclose the climate risks linked to emissions from its oil and gas products and set out plans to mitigate them, a Paris court ruled on Thursday.
Carbon auction failures show ETS working, Watts says
Tue 23 Jun 2026
Failed government carbon auctions show the emissions trading scheme is working as intended rather than broken, Climate Change Minister Simon Watts says.
China's coal power on the rise again in 2026, reversing first-in-a-decade decline
Thu 25 Jun 2026
China's coal-fired power generation is set to rebound this year from its first fall in a decade, analysts said, due to the impact of El Nino and the Iran war and as renewable sources of energy have failed to keep pace with demand.
Looking behind the headline costs of offshore mitigation
18 Jun 2026
COMMENT: A closer look at Treasury’s analysis reveals assumptions that undervalue the case for using offshore mitigation as part of Aotearoa New Zealand’s global climate contribution, writes Catherine Leining.
Green building council calls for clean energy policies
18 May 2026
The New Zealand Green Building Council has released its 2026 election manifesto calling for policies to reduce energy waste in buildings, lower household and business energy costs, and improve New Zealand’s energy security.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
21 Apr 2026
Hungary has played a disproportionate role in EU climate and energy policy in recent years, by repeatedly vetoing climate action and by delaying the phaseout of Russian fossil-fuel imports.
Forestry at heart of ETS problems – commissioner
Wed 24 Jun 2026
By Shannon Morris-Williams | Forestry is a central driver of growing problems within New Zealand's Emissions Trading Scheme, Parliamentary Commissioner for the Environment Simon Upton told the Environment Select Committee during Parliamentary Scrutiny Week.
No prosperous future for NZ built on fossil fuels – Hipkins
Today 11:30am
By Shannon Morris-Williams | Labour leader Chris Hipkins says New Zealand has "no prosperous future" built on fossil fuels, arguing a shift to renewable energy is essential for the country's economic and environmental future.
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.
It’s too hot in Europe – again
Fri 26 Jun 2026
Europeans are experiencing their second heat wave this summer. One climate scientist called the weather event a “sad inevitability.”
High Court hearing highlights the 'shrinking pool' for fisheries research and science
22 Jun 2026
Media release: Environmental Law Initiative | At the close of a four-day High Court hearing challenging the government’s under-levying of the fishing industry, the Environmental Law Initiative (ELI) says more science, research and observer coverage is needed to protect marine wildlife and ecosystems from the impacts of fishing.
Burning forest ‘waste’ to make cement damages the climate
Wed 24 Jun 2026
The Australian government has agreed to invest almost $53 million in a north Tasmanian company that will upgrade its coal-fired kiln to burn wood “waste” and used tyres for cement manufacturing.
Smith files High Court case against Govt move to block climate lawsuits
Today 11:30am
By Liz Kivi | Climate activist and iwi leader Mike Smith has filed High Court proceedings challenging Justice Minister Paul Goldsmith's decision to introduce legislation to outlaw climate tort litigation.
Savings gap doubles: all-electric households stand to save $3000 a year, report finds
Today 11:30am
By Oli Lewis | The economic incentive for households to electrify has become more compelling, although overcoming upfront installation costs remains a barrier.
Cabinet green-lights $55M super-critical geothermal drilling programme
9 Jun 2026
By Pattrick Smellie | Cabinet has agreed to release the $55 million unspent of the $60m secured by Resources Minister Shane Jones to drill up to 5 kilometres deep into super-critical geothermal heat under the Taupō volcanic zone.
NZ Taxonomy project scoops London Climate Week award
Wed 24 Jun 2026
The New Zealand Taxonomy project has scooped an innovation award at the International Climate Bonds awards in London this week.
Carbon capture and the need for ‘net zero oil’
16 Jun 2026
By Pattrick Smellie | The answer to making carbon capture and storage work is to make fossil fuel producers responsible for making it happen rather than consumers, says Oxford University climate change policy expert, Professor Myles Allen.
Govt climate claims don't match reality, lawyers say
17 Jun 2026
By Shannon Morris-Williams | Lawyers for Climate Action has accused the Government of presenting an overly positive picture of New Zealand's climate progress at the United Nations climate summit in Bonn, arguing key claims on emissions reductions and support for the Paris Agreement's 1.5°C goal are not reflected in domestic policy.
Lake Onslow pumped hydro consortium secures funding for consent push
Fri 26 Jun 2026
By Oli Lewis | The consortium behind Lake Onslow pumped hydro has secured funding to finalise its resource consent application, aiming to lodge it under the fast-track process before 2027.
Ballance secures gas for 2026 as it progresses energy transition plan
16 Jun 2026
By Oli Lewis | One of the largest industrial gas users in New Zealand is working on an energy transition plan to futureproof domestic fertiliser manufacturing, while continuing to secure ongoing gas supply contracts.
$75k up for grabs for climate resilience and inclusion projects
Thu 25 Jun 2026
Community organisations and charities working to strengthen climate resilience and social inclusion can apply for a share of $75,000 through the QBE Foundation's 2026 Local Grants.
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.
Verra reinstates Kenya carbon project despite ongoing court case
Thu 25 Jun 2026
The Northern Kenya Grassland Carbon project is “the world’s largest soil carbon removal project” according the organisation running the project. It is also one of the most controversial carbon projects anywhere in the world.
Commissioner ‘unconvinced’ LNG is the best dry-year solution
Fri 26 Jun 2026
By Liz Kivi | The Parliamentary Commissioner for the Environment has told the Energy Minister he is “unconvinced” the government’s proposed LNG import terminal is the best ‘dry year’ solution for the country, and criticised the Government’s “extremely limited” options analysis.
National promises low-cost solar loans for households
Thu 25 Jun 2026
By Oli Lewis | The National Party is promising a Home Energy Fund to accelerate the roll-out of household solar, batteries, insulation and other energy resilience measures if it is re-elected this year.
Climate risks could reshape business finances, new guidance warns
15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
UN chief says fossil fuel industry must cut methane for warming “relief”
Thu 25 Jun 2026
UN chief António Guterres called for stronger action to cut emissions of planet-heating methane, taking aim at the fossil fuel industry’s practices and profits, and pointing to coal, oil and gas as the root of today’s climate and energy crises.
US defence spending on critical minerals surges in the last decade
22 Jun 2026
Members of communities affected by some of these projects said that U.S. state backing has meant projects are being fast-tracked without the necessary social and environmental checks or meaningful consultation.
Mombasa ocean summit drives progress on marine protection, but threats persist
Tue 23 Jun 2026
At the 11th Our Ocean conference in Kenya, its founder John Kerry says the ocean must become central to climate solutions and needs to be looked after.
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.
UN’s first Paris Agreement carbon credits face human rights and climate concerns
17 Jun 2026
Civil society groups allege the cookstove project in Myanmar exaggerated its climate impact while maintaining ties with military junta.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
Six NZ climate solutions up for 2026 Earthshot prize
21 May 2026
By Shannon Morris-Williams | Six New Zealand climate and sustainability initiatives have been nominated for the 2026 Earthshot Prize, with the shortlist showcasing Kiwi-led solutions tackling emissions, plastic waste and ocean restoration.
Labour won't scrap RMA replacement laws: Hipkins
Fri 26 Jun 2026
By Shannon Morris-Williams | Labour Party leader Chris Hipkins says New Zealand needs to move beyond the "repeal and replace" approach to resource management, confirming the party would amend rather than scrap the Government's RMA reforms, if elected.
Northern Thai residents march for action on polluted rivers. ‘This is an emergency’
9 Jun 2026
More than 600 residents of Chiang Mai and Chiang Rai provinces embarked May 31 on a roughly 68-kilometer, six-day ‘peace walk’ to demand the Thai government take action on the river pollution crisis that has seen Thai rivers polluted with heavy metals.
Why China's critical minerals strategy leaves the US behind
8 Jun 2026
The United States cannot realistically recreate that dominance overnight even if the political will existed.
Sustainable finance taxonomy for energy sector – consultation
8 Jun 2026
The Centre for Sustainable Finance is consulting on the sustainable finance taxonomy’s draft energy sector criteria.
EU, UK lead push for electrification as 'powerful weapon' against fossil fuels
Today 11:30am
Dozens of governments led by the EU and the UK have pledged to throw their political weight behind a rapid electrification of the world's economy, billed as a "powerful weapon" for cutting reliance on planet-heating fossil fuels.
The merchants of doubt are coming for extreme event attribution science
18 Jun 2026
Andrew Dessler: Fossil-fuel companies are acutely aware that this research could land them in court. And losing those cases would leave them legally liable for billions of dollars in climate damages.
Calder Stewart to invest $110m for solar across industrial portfolio
Tue 23 Jun 2026
Media release | NZ’s largest industrial landowner is preparing one of the country’s most significant industrial rooftop solar rollouts, with Calder Stewart set to invest more than $110 million in solar panels and battery storage across its property portfolio.
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.
Lack of finance stalling sustainable innovation – report
12 Jun 2026
By Shannon Morris-Williams | A lack of access to suitable finance is threatening growth in New Zealand's sustainable innovation sector, despite strong confidence and ambitious expansion plans among purpose-driven businesses, according to a new report.
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.
How did the US$25,000 electric truck get so cheap?
Today 11:30am
Slate has revealed how the Jeff Bezos-backed startup plans to sell an EV truck at an entry-level price. While the pickup’s lack of power windows or a built-in stereo system are attention-grabbers, a lot of the savings lie under the skin.
‘Those blocking climate science are not our friends': Pacific leaders warn at Bonn talks
Tue 23 Jun 2026
Pacific nations and civil society groups have united at UN climate talks, pushing back against efforts to weaken agreed language on global temperature limits as negotiations continue behind closed doors.
New refrigerant scheme targets potent greenhouse gases
18 Jun 2026
By Shannon Morris-Williams | New Zealand is set to introduce its second regulated product stewardship scheme under the Waste Minimisation Act, targeting synthetic refrigerants that account for around 2% of the country's greenhouse gas emissions.
Waikato Council advances water security action plan
Tue 23 Jun 2026
Waikato Regional Council has endorsed a new action plan to strengthen the region’s water security.
Increase in wildfire-driven ozone linked to premature deaths across the U.S.
10 Jun 2026
Smog linked to wildfires is getting worse across much of the U.S., playing a role in more than 300 additional premature deaths every year since 2013, researchers say.
New Zealand faces $26b energy infrastructure challenge, report warns
15 Jun 2026
By Shannon Morris-Williams | New Zealand will need an additional $26 billion of investment in energy infrastructure over the next 30 years to meet its decarbonisation goals, with a new report warning that policy certainty is critical to unlocking the renewable generation needed to power a low-carbon economy.
