Topics tagged with 'NZ Market Report'
Spot NZUs corrects slightly but remains a buy
19 Jun 2015
NZUs closed at $6.80 yesterday, correcting slightly from $7.10, but remains firm. OMFinancial reports:
Spot NZUs remain firm
17 Jun 2015
NZUs traded at $7.10 yesterday and closed at $7.05 on Commtrade; well bid and offered into the close. OMFInancial reports:
Spot NZUs equal April's high
15 Jun 2015
Carbon closed at $6.70 on Friday, back at the previous recent high seen on April 8. OMFinancial reports:
Carbon marches higher
11 Jun 2015
Carbon had another lift yesterday, closing at $6.05 on 40k. OMFinancial reports:
Prices continue to rise
10 Jun 2015
Carbon traded up to $5.55 on small volume following yesterday’s big day. OMFinancial reports:
Good volumes of spot NZUs traded
9 Jun 2015
Spot NZUs traded 385,000 tonnes yesterday between $5.30 and $5.55. OMFinancial reports:
Spot NZUs may have bottomed
8 Jun 2015
Spot NZUs traded 70k on Friday to close unchanged at $5.40. OMFinancial reports:
Spot NZUs trade up
5 Jun 2015
It was quite a busy day for NZUs yesterday, with spot carbon closing up 13 cents to $5.40 on 50,000 tonnes.
Spot NZUs could go lower, but are still good buying
25 May 2015
Spot carbon traded at $5.15 on Friday. OMFinancial reports:
NZUs trade to six-month low
21 May 2015
Another busy day for spot NZUs, with the market dealing $5.35 in early trading before closing at $5.20 on 150k.
Spot NZUs trade size at $5.40
20 May 2015
OMFinancial traded 100,000 tonnes at $5.40 yesterday suggesting the market is starting to hammer out a base in the mid to low $5s.
Spot NZUs quiet beyond measure
15 May 2015
Spot carbon edged back into the high $5s today, settling at $5.72 on CommTrade. OMFinancial reports:
Spot NZUs hit $6.05 on small volume
14 May 2015
Spot NZUs got paid at $6.05 today on very small volume. OMFinancial reports:
Many portfolios in lock-down
8 May 2015
Carbon drifted again yesterday closing at $5.95 on CommTrade. OMFinancial reports:
Keep buying the dips
6 May 2015
Spot NZUs traded at $6 yesterday for 15,000 tonnes. OMFinancial reports:
NZUs remain quiet
5 May 2015
A very quiet day for spot NZUs trading a small amount of units and closing unchanged at $6.07. OMFinancial reports:
NZ carbon is domestic at last
4 May 2015
Spot NZUs continue to cling to the $6 level, closing at $6.07 on CommTrade Friday. OMFinancial reports:
NZUs settle at the end of the week
28 Apr 2015
A quiet end to the week for carbon, ahead of a long weekend. OMFinancial reports:
Spot NZUs continue to drift
24 Apr 2015
The market has been fairly quiet since a busy trading session earlier in the week and the market is holding the $6 level for now – last at $6.15. OMFinancial reports:
Spot NZUs have busy day
22 Apr 2015
The market saw a flurry of activity in spot yesterday. OMFinancial reports:
Spot NZUs drift slightly lower
21 Apr 2015
Spot NZUs drifted further down yesterday to close at $6.27. OMFinancial reports:
Procurement interest still there
20 Apr 2015
Spot NZUs drifted down on Friday, ending at $6.30 on 60,000 NZUs. OMFinancial reports:
Spot NZUs may head lower in the short-term
17 Apr 2015
You might think we call this market only one way, says OMFinancial:
Quiet day on the market
16 Apr 2015
The market was reasonably quiet overall yesterday. OMFinancial reports:
Spot NZUs continue to trade the range
15 Apr 2015
The market saw good two-way interest yesterday.. OMFinancial reports:
Quiet end to the week
13 Apr 2015
It was another quiet day for spot NZUs on Friday, closing at $6.52 on CommTrade. OMFinancial reports:
Time for a united front on carbon
10 Apr 2015
It was a quiet day yesterday for spot NZUs, which closed at $6.50 on CommTrade. OMFinancial reports:
NZUs well-traded and well-quoted
9 Apr 2015
NZUs traded at $6.50 on reasonable volume yesterday. OMFinancial reports:
NZUs remain bid
8 Apr 2015
The market opened at $6.50 yesterday before trading up to $6.60 and closing at $6.70. OMFinancial reports:
NZUs remain bid
7 Apr 2015
NZUs finished the week firm closing at $6.70 on the Thursday before Easter. OMFinancial reports:
Nothing to push this market lower
1 Apr 2015
The Spot NZU market traded and closed at $6.60 yesterday. OMFinancial reports:
Market grinding upwards
31 Mar 2015
A quiet start to the week yesterday, with NZUs closing at $6.57 on CommTrade. OMFinancial reports:
Liquidity not far away
30 Mar 2015
NZUs closed at $6.60 on Friday, after opening at $6.50. OMFinancial reports:
NZUs trading a bit in small range
27 Mar 2015
The market is seeing a bit of volume trading around $6.40 to $6.50. OMFinancial reports:
NZUs trade in smalls at $6.55
26 Mar 2015
It's a Mexican standoff - plenty of buyers at $6.40 and below and potentially enough supply at $7 and above. OMFinancial reports:
Stability is what we need
25 Mar 2015
We are hearing that some buyers, or representatives of buyers, are complaining to the Government about the illiquidity in this market, and the fact they cannot get set. OMFinancial reports:
Buyers starting to queue
24 Mar 2015
Carbon traded at $6.50 yesterday, with on-going bidding interest at $6.45 and little offering interest about. OMFinancial reports:
NZUs remain firm
23 Mar 2015
Carbon closed at $6.47 on Friday, after trading at $6.40. OMFinancial reports:
NZUs move higher
20 Mar 2015
NZUs closed at $6.55 yesterday as buyers came in late. OMFinancial reports:
NZUs quiet at $6.45
19 Mar 2015
A quiet day for NZUs yesterday, with the market closing on CommTrade at $6.45. OMFinancial reports:
NZUs hold around three-year highs
18 Mar 2015
Carbon traded between $6.35 and $6.47 yesterday on good volumes, with both small and large players in the market. OMFinancial reports:
A quiet start to the week
17 Mar 2015
NZUs traded smalls at $6.50 and closed at $6.45 yesterday on CommTrade. OMFinancial reports:
The long march continues
16 Mar 2015
NZUs closed at $6.45 on Friday - the highest traded price since June 2012. OMFinancial reports:
Leave the market to do its job
12 Mar 2015
Spot NZUs closed at $6.35 yesterday. OMFinancial reports:
Next stop $6.50
11 Mar 2015
NZUs traded up to $6.25 yesterday on 30k, and it appears most sellers are passing-the-parcel, which suggests prices are going higher. OMFinancial reports:
Sellers few and far between
10 Mar 2015
NZUs traded up to $6.20 on $70k yesterday as some emitters started to step into the market and mop up small sellers. OMFinancial reports:
NZ carbon prices hold in $6 range
9 Mar 2015
A quiet day for carbon on Friday, with the market fixing at $6.22. OMFinancial reports:
NZ carbon consolidating around $6
6 Mar 2015
Spot NZUs traded at $6.10 yesterday as small offers hit the bid. 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.
US dairy farmers consider return on climate-smart milk
22 May 2025
The approach is just one of many dairy practices now considered “climate-smart” because they could cut production of climate-warming gases.
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.
Pacific Island nations support China's Taiwan claims at high-profile foreign ministers' meeting
Fri 30 May 2025
Pacific nations have backed China's claim over Taiwan during a high-profile meeting, but have shied away from directly endorsing Beijing's push to "reunify" the democratically ruled island with the mainland.
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.
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.
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.
Glacier collapse buries most of Swiss village
Fri 30 May 2025
The Swiss village of Blatten has been partially destroyed after a huge chunk of glacier crashed down into the valley.
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.
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.
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
Tue 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.
Nelson backs ‘ambitious’ emissions target, but mayor nervous
26 May 2025
By Max Frethey, Local Democracy Reporter | Nelson’s mayor has been accused of “pouring cold water” on ambitious greenhouse gas emission targets proposed for the city.
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.
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.
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
Tue 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
Tue 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".
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.
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.
