Topics tagged with 'NZ Market Report'
Uncertainty keeps carbon prices down
5 Apr 2012
Carbon is suffering another down-leg as uncertainty and over-supply problems persist, OMFinancial reports.
Time for emitters to move
30 Mar 2012
While spot NZUs maintain a healthy premium over spot CERs and ERUs, we have seen the premium of NZU forwards narrow over CER forwards.
Rough ride for NZ carbon prices
20 Jan 2012
New Zealand carbon has certainly been for a ride in the past month.
Where to from here for NZUs?
16 Dec 2011
The NZU premium over CERs is being ground down – now close to 65 cents from over $1 a week ago, OMFinancial reports
Get used to it ... prices are low
9 Dec 2011
The local market is starting to accept that the price of NZUs “is what it is” and that prices may be in this region ($9 to $11) for some time to come, says OMFinancial.
Grim outlook for global carbon
2 Dec 2011
Spot and forward NZUs lost further ground this week, OMFinancial reports.
Spooked Europe slashes carbon price
14 Oct 2011
European carbon prices hit all-time lows overnight, partly on the back of weak European financial markets, OM Financial reports.
Potential for a carbon bubble
7 Oct 2011
The marketl expects industrial gas CERs to be banned from January 1, 2013, with allowance for any forward contracts that fall within the May 31 surrender date, OMFinancial reports.
NZUs fall back toward $15
2 Sep 2011
NZUs fell back towards $15 this week - after trading over $16 at the end of last week - and continue to be led around by the European carbon market, OMFinancial reports.
NZUs trade above $16
26 Aug 2011
NZUs continued to track CERs higher through the week, touching a high of $16.35 on spot.
NZUs remain at premium over CERs
19 Aug 2011
NZUs recovered further through the week, with spot moving above $15 and trading seen in March 2012 & March 2013 forwards.
Carbon recovers - but medium-term outlook not good
12 Aug 2011
After trading in the low $13s at the beginning of the week, NZUs recovered back over the $14 level albeit on extremely light trading.
NZUs break below $14
5 Aug 2011
The NZU price has fallen literally fallen off a cliff – the price for spot NZUs was over $18 a tonne in mid-July and less than three weeks later we are below $14.
NZU trading grinds to a trickle
29 Jul 2011
Trading in NZUs has virtually come to a halt, OMFinancial says.
NZUs bounce from low $16s
22 Jul 2011
In what was a very low volume week, spot NZUs found support in the low to mid $16s as Global carbon prices halted their free fall and consolidated their losses, OMFinancial reports.
NZUs are going cheap
21 Apr 2011
The New Zealand carbon market has continued to trade a range this week, but it feels like it’s going to move higher in the short to medium term, driven by onshore and offshore factors.
Sell CERs and bank the profit, broker says
25 Feb 2011
Spot NZUs traded higher this week, touching a high of $19.60, OMFinancial reports.
Tight range covers NZU prices
18 Feb 2011
Spot NZU prices continue to trade a tight range, OMFinancial reports.
NZUs start to move upward ... slowly
4 Feb 2011
The price of NZUs has started to move up slowly from the low $19s to the mid-$19s on light volume, OMFinancial says.
Gap between NZUs and CERs widens
21 Jan 2011
The spot NZU market has weakened slightly this week, trading between $18.90 and $19.30 on about 300,000 tonnes, OMFinancial reports.
NZU prices likely to consolidate in the short-term
17 Dec 2010
A fairly quiet week over all, with subdued trading in both spot and forward NZUs, OMFinancial reports.
Spot and forwad NZU sellers begin to emerge
10 Dec 2010
NZUs traded at $20.38 early in the week and traded down to $20 as CERs continue to exert price pressure on the local unit, OMFinancial reports.
Spot market trades for up to $20.88
3 Dec 2010
The spot market traded between $20.56 and $20.88 this week for about 150,000 tonnes and the forwards for April 2011 delivery traded at $20.74 for 20,000 tonnes, OMFinancial reports.
Busy week for trades
19 Nov 2010
Both spot and forward NZU trades were reported this week, OMFinancial reports.
Few local sales of spot NZUs
5 Nov 2010
Locally, we have not seen much spot or forward sales emerge though we know units have been issued and holders are weighing up their options, OMFinancial reports.
Week of small volumes
29 Oct 2010
Another relatively quiet week saw small volumes trading across the strip, OMFinancial reports.
Expect more sales action in January
22 Oct 2010
While trading is still somewhat muted due to lack of supply, the spot market has traded at $20.05 and the forward market traded for April 2011 delivery at $20.40, OMFinancial reports.
Prices continue around the $20 mark
15 Oct 2010
Prices continue to trade in the high $19s for spot and the low $20s for March 2011 forwards, OMFinancial reports.
No change, little trading
8 Oct 2010
No real change this week with little trading reported in either spot or forward markets, OMFinancial reports.
Spot prices hover around $19 mark
1 Oct 2010
NZU Spot prices are moderating around the mid to high $19 level with emitters choosing not to bid a market that has no volume, reports OMFinancial.
Buyers wait for market to fill up
24 Sep 2010
Prices in the spot market have moderated around the $20 level as buyers pull back and wait for more volumes to appear, OMFinancial reports.
Light volumes crack $20 mark
17 Sep 2010
The spot market has pushed through the $20 level on very light volumes while the majority of trading has been in the forwards, OMFinancial reports.
Spot market climbs into the high teens
10 Sep 2010
The Spot NZU market has ploughed through $19 over the week, touching $19.80 late yesterday, OMFinancial reports.
Trades only small ... and hard to find
3 Sep 2010
Volume in spot continues to be hard to find, OMFinancial reports.
Lack of supply freezes market
27 Aug 2010
The local spot NZU market appears frozen due to a lack of supply, OMFinancial reports.
Market suffers from lack of supply
20 Aug 2010
A lack of supply persists in the market – about 200,000 tonnes has traded this week between $18.25 and $18.75, OMFinancial reports.
NZ market waiting for volume
13 Aug 2010
It was a pretty quiet week again as the market waits for more volume to come on stream, OMFinancial reports.
NZ market continues run in limbo
6 Aug 2010
The New Zealand market continues in limbo as it waits for more volume to appear, reports OMFInancial.
All quiet on the carbon front
23 Jul 2010
It’s been a quiet week in the local carbon market with little volume on offer, reports OMFinancial.
Market firm but drop on the way
16 Jul 2010
This week, we have seen about 120,000 tonnes trade between $18.30 and $18.45, though the entire market might be closer to 250,000 tonnes.
Sellers few and far between
9 Jul 2010
The New Zealand market remains firm as emitters continue to pick up units in the $18 range, reports OMFinancial.
Carbon price firm, but supply is short
2 Jul 2010
New Zealand spot carbon prices are firm and there appears to be a lack of supply at this point in the market, OMFinancial reports.
Demand builds in local market
25 Jun 2010
Demand continues to build in the New Zealand carbon market with the official start date for emitters less than one week away, OMFinancial reports.
Carbon moves up to mid $17s
11 Jun 2010
The New Zealand carbon market continues to grow in size, interest and activity as July 1 approaches, broker OMFinancial reports.
Carbon price consolidates
28 May 2010
The local carbon market consolidated over the past week, OMFinancial reports.
Carbon trading in the high teens
21 May 2010
Most of the New Zealand trading in the past week has been in the $17 to $18 range, reports OMFinancial.
NZUs have quiet week trading in the $17s
14 May 2010
It’s been a relatively quiet week overall with the majority of spot NZUs trading in the high $17s per tonne, OMFinancial reports.
Local market shows signs of maturing
7 May 2010
The New Zealand carbon market has taken some significant steps in the past week and looks to be developing into a market that both emitters and forest owners can use with some degree of confidence, OMFinancial reports.
Forces work on local market
30 Apr 2010
Three forces are at work in the local market at present, OMFinancial reports.
Good signs in emissions, credit applications
16 Apr 2010
New Zealand’s emissions edged lower in 2008 – mainly due to lower agricultural emissions and lower use of fossil fuels within the transport sector, OMFinancial reports.
Shane Jones on climate change – it’s real, but…
Fri 15 Aug 2025
By Pattrick Smellie | New Zealand First deputy leader Shane Jones believes climate change is real, but is uninterested in what is causing it and primarily focused on adapting to it.
Forestry the source of all ETS risk, says top economist
Fri 15 Aug 2025
By Shannon Morris-Williams | Forestry is the source of all of the risk in New Zealand's Emissions Trading Scheme and it's inevitable that the scheme has to be reformed, according to Parliamentary Commissioner for the Environment chief economist Geoff Simmons.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Why plane turbulence is becoming more frequent - and more severe
6 Aug 2025
As climate change shifts atmospheric conditions, experts warn that air travel could become bumpier: temperature changes and shifting wind patterns in the upper atmosphere are expected to increase the frequency and intensity of severe turbulence.
'Cali Fund’ for nature still empty as emails show industry hesitation
8 Aug 2025
A major fund for biodiversity remains starved of resources more than five months after its launch – with no money yet put forward by the large companies who could contribute.
Media round-up
Fri 15 Aug 2025
In our round-up of climate coverage in local media: Australia could be about to leapfrog New Zealand on climate targets; 'strangled' rivers are fighting back; and 10 rangatahi will join Aotearoa New Zealand’s delegation at the United Nations' major climate conference in Brazil.
Forestry sector could take legal action over ETS changes
Thu 14 Aug 2025
By Liz Kivi | The forestry sector is threatening legal action against the Government over changes to legislation intended to limit whole farm-to-forest conversions in the Emissions Trading Scheme.
Wildfires fanned by heatwave and strong winds rage across Europe
Fri 15 Aug 2025
Wildfires caused by arsonists or thunderstorms and fanned by a heatwave and strong winds wreaked destruction across southern Europe on Wednesday, burning homes and forcing thousands of residents and tourists to flee.
Carbon price underperforming: Environment secretary
Wed 13 Aug 2025
By Liz Kivi | The government has been focussed on reducing the Emissions Trading Scheme ‘stockpile’ and carbon prices should rise soon, according to the Secretary for the Environment.
Why China is still building new coal – and when it might stop
Thu 14 Aug 2025
Last year, China started construction on an estimated 95 gigawatts (GW) of new coal power capacity, enough to power the entire UK twice over.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
What does 'drier' really mean in 'green' homes?
1 Aug 2025
Media release - Waipapa Taumata Rau, University of Auckland | Researchers say green-rating systems could improve clarity and effectiveness by explicitly defining ‘drier’ and using two measures of humidity.
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.
Hot water heat pumps next big thing – but need a push
Thu 14 Aug 2025
Media release – Ecobulb Limited | Bold action is needed to accelerate New Zealand’s transition to cleaner, more energy-efficient homes and businesses, says energy efficiency expert Dr Chris Mardon.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Global oil markets face record supply glut next year, IEA says
Fri 15 Aug 2025
Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said.
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.
Govt rejects Te Kuha coal mine fast-track bid
Wed 13 Aug 2025
By Shannon Morris-Williams | The controversial Te Kuha coal mine on the West Coast has had its application for fast-track approval declined, after failing to meet seven of the application criteria.
Will reflective roofs help beat the heat?
Fri 15 Aug 2025
Media release - University of Auckland | About 500 roofs across four continents have been painted with a reflective coating, as part of research into tackling the health impacts of climate change.
How the meat industry uses environmental groups to make beef seem climate-friendly
Mon 11 Aug 2025
The meat industry may have enlisted environmental groups to persuade people to “feel better” about eating beef, despite the sector’s ballooning emissions of climate-heating pollution.
Watts talks big on energy reform, but barriers persist
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.
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.
Why insurers worry the world could soon become uninsurable
Mon 11 Aug 2025
Top insurers fear the climate crisis could soon outpace industry solutions, effectively threatening to make entire regions around the world uninsurable.
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.
First-of-a-kind US class-action lawsuit would force EPA to reinstate $3bn climate program
7 Aug 2025
Coalition of non-profits, tribes and local governments sued EPA chief for halting climate justice grants.
Fund for low emissions transport winds up
31 Jul 2025
New Zealand’s Low Emission Transport Fund has officially wrapped up, ending a nine-year programme that put hundreds of millions of dollars towards accelerating the country’s shift to cleaner transport.
A mineral mining boom is not ‘critical’ for the green transition
Wed 13 Aug 2025
New research shows renewable energy goals could largely be met with the amount of minerals produced today – but the military industry wants more.
Oil states accused of using scare tactics in bid to sink green shipping deal
Tue 12 Aug 2025
Saudi Arabia, Iran and other oil-reliant countries are campaigning to stop the adoption of the IMO’s Net-zero Framework in October.
Backlash over govt conservation changes
4 Aug 2025
By Shannon Morris-Williams | The government’s proposed changes to the Conservation Act are the most significant roll back in conservation protections in a generation, according to the Green Party.
Plastic treaty talks nearing collapse as nations remain deadlocked on production
Thu 14 Aug 2025
Environmental organisations warn that without urgent compromises the session could fail to produce a treaty capable of tackling the scale of the crisis.
New resource management bill an 'unprecedented power grab' by ministers
Wed 13 Aug 2025
Media release – Environmental Defence Society | The changes proposed in the Amendment Paper represent an "egregious aggregation of power" by Minister Bishop, aimed at disempowering councils who protect the environment.
A new report shows how local climate activism leads to ‘remarkable’ gains
7 Aug 2025
Efforts to pass laws and advance clean energy projects can significantly reduce emissions, and at a low cost.
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.
Heat pumps could cut household energy bills by $1.5 billion a year
Tue 12 Aug 2025
By Liz Kivi | Heat pumps could save Kiwi households hundreds of millions of dollars each year, as well as freeing up energy for industrial users, according to a new report.
International scientists slam NZ govt's proposed approach to methane
Wed 13 Aug 2025
New Zealand's proposed approach to methane emissions has again been attacked by international climate scientists, with a new study saying the attempt to redefine climate target-setting by livestock-exporting countries undermines the transition to a sustainable and equitable food system
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’.
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.
African $60 billion high-speed rail project takes shape
Fri 15 Aug 2025
One of the largest infrastructure projects in Africa has received a new update that could see construction begin soon.
Momentum sagging at UN plastic pollution treaty talks
Tue 12 Aug 2025
Talks on forging a landmark treaty to combat the scourge of plastic pollution were stumbling Saturday, with progress slow and countries wildly at odds on how far the proposed agreement should go.
'Yet another rate': Franz Josef ratepayers balk at $2.8m stopbank extension
4 Aug 2025
By Lois Williams, Local Democracy Reporter | Franz Josef ratepayers have given the thumbs down to plans for a $2.8 million stopbank extension to protect the town’s sewerage plant from the Waiho River.
Warmer end to winter but dry spell expected over southern lakes
5 Aug 2025
As hydro lake levels hover just below average levels, climate forecasts indicate that warmer than usual weather conditions will reduce demand, but there will likely be less rain over the southern hydro lakes as New Zealand moves towards spring and summer.
Record UK wildfires have burned an area twice the size of Glasgow in 2025
Tue 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.
For the first time, China invests more in wind and solar than coal overseas
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.
