Topics tagged with 'NZ Market Report'
Speculators back in the market
18 Mar 2014
It was a quiet start to the week for local carbon yesterday. OMFinancial reports:
NZUs bounce off $2.90
14 Mar 2014
Carbon bounced back toward $3 today as some took advantage of recent lows. OMFinancial reports:
NZUs trade below $3
13 Mar 2014
NZUs closed at $2.90 on reasonable volume yesterday. OMFinancial reports:
Spot NZUs attract good volumes
10 Mar 2014
NZUs remain very well bid and offered. OMFianncial reports:
Stand-off sets in on the spot market
7 Mar 2014
We are seeing a classic Mexican standoff in the spot NZU market -100K on the offer at $3.10, facing similar bids at $3.05. OMFinancial reports:
NZUs down to $3, but European carbon about to soar
5 Mar 2014
NZUs touched $3.05 yesterday on decent volume, and closed at $3.05/$3.10 on CommTrade. OMFinancial reports:
Carbon likely to rise under Labour or National
4 Mar 2014
NZUs traded at $3.10 again yesterday, as some post-1989ers continue to sell down. OMFinancial reports:
NZUs might dip, but Europe firm
3 Mar 2014
NZUs hit $3.10 on Friday, predominately on switching activity, but a small amount of outright selling contributed. OMFinancial reports:
Could world carbon prices rise 66% this year?
27 Feb 2014
NZUs traded $3.15 yesterday on reasonable volume. OMFinancial reports:
Looking at carbon options
26 Feb 2014
There has been quite a bit of interest expressed recently about trading in NZU Options. OMFinancial reports:
Market slowing as we head to surrender time
25 Feb 2014
Spot closed at $3.30 yesterday, and the May 2015 forward dealt at $3.60, which is in line with carry. OMFinancial reports:
NZUs languish while US and Europe climb
24 Feb 2014
Spot NZUs closed at $3.30 on Friday on small volume, although it looked like there was more supply in the wings. OMFinancial reports:
NZUs trade up
21 Feb 2014
It was a mixed day yesterday, with the market starting off weaker, at $3.25, but it got progressively paid through the day to close at $3.40. OMFinancial reports:
Some selling of ERUs
20 Feb 2014
We saw a bit of selling come through on spot NZUs yesterday, as long-waited supplies of ERUs hit the market, allowing those post-1989ers looking to exit the ETS to complete their arbitrage by selling a portion of NZUs to acquire ERUs. OMFinancial reports:
NZUs consolidating
19 Feb 2014
NZUs edged down yesterday, on small volume coming from the Post-1989 exiters. OMFinancial reports:
Market poised to move higher?
18 Feb 2014
A day of consolidation yesterday, as Spot NZUs fixed at $3.37 on CommTrade. OMFinancial reports:
Low NZU prices hard tojustifty
17 Feb 2014
The NZU market edged higher again Friday, as sellers retreated. OMFinancial reports:
Land-use change still attractive
14 Feb 2014
We saw another small rise in NZUs yesterday, up to $3.30. OMFinancial reports:
NZUs up, but thin on offer
13 Feb 2014
NZUs bumped up a little yesterday, trading $3.25 and finishing $3.25-$3.30 on CommTrade. OMFinancial reports:
Market consolidates
12 Feb 2014
The New Zealand market consolidated yesterday as more bidding came into the market, but sellers were absent. OMFinancial reports:
NZU selling drying up
11 Feb 2014
Another quiet day for the local carbon market, with NZUs priced at $3.20/$3/25 on CommTrade. OMFinancial reports:
Market quiet for Waitangi holiday
10 Feb 2014
NZUs dealt in the low $3s in holiday-affected trade late last week.
Prices firm in Europe
7 Feb 2014
The European market is very firm, with EUAs for December 2014 delivery finished up 38 cents to €6.54. OMfinancial reports:
Long-term, carbon is a buy
5 Feb 2014
There was good two-way action in the market yesterday. OMFinancial reports:
NZUs in a classic Mexican standoff
4 Feb 2014
Spot NZUs held the $3.20 level yesterday as, this time, supply dries up. OMFinancial reports:
Expect market to consolidate
3 Feb 2014
The NZU market is consolidating after trading $3.25 at the close of last week; we are open at similar levels today. OMFinancial reports:
If Europe can...
31 Jan 2014
NZUs hit $3.25 yesterday as more 2013 vintage came to market. OMFinancial reports:
Forest owners are 'over' the ETS
30 Jan 2014
OMFinancial says it traded "a decent clip" of spot NZUs yesterday, at prices between $3.30 and $3.35:
This year's post-89 units about to come to market
29 Jan 2014
Yesterday we saw some selling in spot NZUs; prices traded between $3.40 and $3.45. OMFinancial reports:
Don't pay the government more than you have to
28 Jan 2014
The message leading up to the 2013 Emission year surrender in May is “switch and grind”. OMFinancial reports:
NZ market still quiet overall
23 Jan 2014
The NZU market remains well-bid, but overall it is still relatively quiet, given there are national holidays interspersed throughout January. OMFinancial reports:
Post-89 foresters switching credits
22 Jan 2014
Spot NZUs pushed through $3.40 yesterday and finished bid there. OMFinancial reports:
Hitch your wagon to NZUs and hold tight
21 Jan 2014
NZUs bumped up against $3.40 yesterday as buyers started to chip away at the 50k on offer, leaving about 25k. OMFinancial reports:
NZUs touch $3.40
20 Jan 2014
The local papers are today talking up the prospect of an early election – perhaps in September or early October. OMFinancial reports:
European prices make NZ carbon look cheap
17 Jan 2014
The European carbon market has firmed, with its internal unit the EUA climbing to a three-month high overnight, touching €5.15. OMFinancial reports:
Growth equals carbon demand
16 Jan 2014
According to the World Bank, all is coming right with the world, OMFInancial reports.
Bidding interest in NZUs growing
15 Jan 2014
We are not seeing a huge amount of action in the market at present, but it’s clear the bidding interest in NZUs continues to grow. OMFinancial reports:
Last year for CERs and ERUs
14 Jan 2014
It’s a quiet start to what could be an extremely volatile year. OMFinancial reports:
NZUs drift ... good offering in forward market
18 Dec 2013
NZUs drifted yesterday with small trades around the $3.50 level.
NZUs mark time as holiday season nears
17 Dec 2013
The local market marked time yesterday as the holiday season approaches.
NZUs: Post 1989-exiters are back
16 Dec 2013
NZUs are weakening again as Post-1989ers are selling NZUs, buying ERUs and exiting the scheme.
What the election could mean to ETS
12 Dec 2013
With a general election coming next year, OMFinancial takes a look at what the two major political groupings might do to the Emissions Trading Scheme:
It’s all about 2015 and beyond
10 Dec 2013
Since the Government announced the “line in the sand” for UN Offsets, NZUs have traded up to the high $3s. OMFinancial reports:
A blinding glimpse of the obvious
9 Dec 2013
The Government on Friday confirmed what the market already knew; you cannot use UN Offsets after May 31, 2015. OMFinancial reports:
Govt to restrict ERUs?
6 Dec 2013
There is a buzz in the market that the government will restrict the use of ERUs from today.
NZU market back a little
5 Dec 2013
The market got sold back a touch yesterday, as sellers entered the market and closed it below $4. OMFinancial reports:
Floor rumour denied – Govt set to make some changes
3 Dec 2013
The Government has scoffed at suggestions that it introduce a floor price of $15, but some changes to the ETS are expected soon. OMFinancial reports:
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.
Forestry sector could take legal action over ETS changes
Today 11:30am
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.
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
Fri 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.
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.
Carbon offsets market set for revival as high-quality removal solutions gain traction, says GlobalData
Tue 12 Aug 2025
Media release - GlobalData | The carbon offsets market has experienced a significant slowdown since 2021, primarily due to scandals surrounding project quality and overstated impacts.
Climate crisis risks to Aus economy and environment ‘intense and scary’, unreleased govt report
Today 11:30am
Sources say delayed risk assessment includes modelling of effects of climate crisis in ways that have been little discussed in political debate so far.
Carbon prices slide as market awaits ETS decision
1 Aug 2025
By Liz Kivi | Volatility has returned to the secondary carbon market, with prices sliding again after plateauing in recent weeks, as the market waits for government decisions on Emissions Trading Scheme settings.
Why China is still building new coal – and when it might stop
Today 11:30am
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
Today 11:30am
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.
Alaskan glacier ice dam releases floodwater toward downstream homes
Today 11:30am
A huge basin of rainwater and snowmelt dammed by Alaska’s Mendenhall Glacier has started to release, and officials on Tuesday urged residents in some parts of Juneau to evacuate ahead of what could be a record surge of floodwater downstream.
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.
Media round-up
Fri 8 Aug 2025
In our round-up of climate coverage in local media: Former minister of forestry Stuart Nash condemns "lock and leave" carbon farming; Fonterra's convenient omission about its switch from coal; and KiwiRail’s bold electrification plans.
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.
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.
July slightly cooler than the past 2 years but extreme weather impacts continue
Tue 12 Aug 2025
The world experienced its third-warmest July on record this year, the European Union agency that tracks global warming said Thursday, with temperatures easing slightly for the month as compared with the record high two years ago.
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.
Labour vows to reinstate oil and gas ban
6 Aug 2025
By Liz Kivi | The Labour Party is promising to reinstate a ban on new oil and gas exploration permits, but won’t say if they will go even further and commit to revoking permits if elected.
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
Today 11:30am
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.
US to retaliate against IMO members that back net zero emissions plan
Today 11:30am
The U.S. rejected the "Net-Zero Framework" proposal by the International Maritime Organization, which is aimed at reducing global greenhouse gas emissions from the international shipping sector, and threatened measures against countries that support it.
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.
Govt's hazards briefing hypocritical – Greenpeace
Mon 11 Aug 2025
By Shannon Morris-Williams | The government’s new briefing document on building resilience to hazards – including climate change – is “deeply ironic” and “deplorable”, according to Greenpeace.
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.
EV sales fall, but it’s complicated
29 Jul 2025
Imports of fully electric vehicles fell over 50% in value during the 12 months to June 2025, compared with the year ended June 2024, according to Stats NZ.
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.
