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:
Fifty years of observations, no reversal of glacier climate damage
31 Mar 2026
Media release: Earth Sciences New Zealand | Fifty years on from the first aerial survey of our Southern Alps glaciers, late snow and variable summer weather delivered a temporary reprieve from rapid ice loss, says Earth Sciences New Zealand.
From war to weather: A ‘super El Niño’ event poses fresh risks to global food costs
Fri 10 Apr 2026
An unusually powerful El Niño later this year could exacerbate food security fears as disruption caused by the Iran war strains supply for crucial fertilier products.
$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.
Media round-up
Fri 10 Apr 2026
In our round-up of climate coverage in local media: Past fuel price spikes failed to shift Kiwis out of their cars with signs suggesting it’s happening again, a 'she’ll be right' attitude is not enough in a climate crisis, and should forestry be listed as critical in the government's national fuel plan?
Environmental groups launch legal action over Govt's 'tick-box approach' to conservation land
Wed 8 Apr 2026
By Liz Kivi | Forest & Bird and the Environmental Defence Society are taking the Government to court over decisions about the future of publicly-owned land on Te Tai Poutini/the West Coast.
New alliance wants renewable-led energy – and Govt to press pause on LNG
Thu 9 Apr 2026
A newly formed coalition of business, consumer and energy organisations has unveiled a renewable-led strategy it says will strengthen the country’s energy security, and it’s calling on the Government to pause its plan for an LNG import terminal.
Carbon ‘stockpile’ up 9 million in March quarter
Fri 10 Apr 2026
By Liz Kivi | The ‘stockpile’ of pollution permits (NZUs) in private accounts has increased by just over 9 million to almost 145 million since the end of 2025, according to the latest figures from the Environmental Protection Authority.
India pulls out of bid to host UN climate summit
Fri 10 Apr 2026
Climate experts term the decision as a setback and surprise as India had been using the proposed summit to position itself as climate leader of the Global South.
Economic contraction will impact carbon market
1 Apr 2026
By Liz Kivi | While higher fossil fuel prices strengthen the long-run economics of decarbonisation, the current fuel crisis won’t inspire near-term confidence in the carbon market, according to Lizzie Chambers of Carbon Match.
Activist ends five-day tree-top protest at West Coast coal mine
Fri 10 Apr 2026
By Shannon Morris-Williams | A climate activist has ended a five-day tree-top occupation that blocked access to Bathurst Resources’ Cypress Mine on the West Coast, in a protest against plans to expand what could become New Zealand’s largest coal mine.
Supply-side pressures and political uncertainty ahead for carbon market
Tue 7 Apr 2026
By Kristen Green | ANALYSIS: With failed auctions, a surge of new forestry registrations, and an election a few months away, the NZ ETS in 2026 will be subject to a mix of supply-side pressures and political uncertainty.
Sustainable retail-office project breaks ground under new Green Star framework
19 Feb 2026
Construction is set to begin on a new retail-office development in central Auckland, which is targeting a 40% reduction in embodied carbon and 25% lower energy.
Opposition attacks Govt over fossil fuel phaseout backdown
2 Feb 2026
By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.
Carbon price: Ups and downs amid geopolitical uncertainty
26 Mar 2026
By Liz Kivi | After ups and downs in recent weeks, the carbon market again broke above the $40 mark this week, with questions around how the Middle East conflict will play out weighing on market confidence.
Govt tweaks consenting rules for EV chargers
Fri 10 Apr 2026
By Shannon Morris-Williams | The Government has announced a national reset of planning rules for EV chargers, which it says aim to address infrastructure shortages which have put the brakes on electric vehicle uptake in New Zealand.
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.
Climate change means a 2004-level flood would likely be worse today
Fri 10 Apr 2026
By Rebecca Hogan, Local Democracy Reporter | If floods equivalent to the devastating 2004 event hit Manawatū today, it is predicted the outcome would be more extreme “as a result of climate change”.
Transport dominates NZ’s rising consumer emissions
10 Dec 2025
By Shannon Morris-Williams | Transport pollution was the biggest contributor to an increase in New Zealand’s consumption-based emissions in 2023, with emissions from household travel up 12%, and consumption-based emissions totalling 58.3 million tonnes – up 1.6% from the previous year.
Wellington planting nears one million trees
30 Mar 2026
By Shannon Morris-Williams | Greater Wellington’s parks restoration programme will hit one million native trees this year, with the first dams to rewet peat wetlands in Queen Elizabeth Park now completed after a years-long effort to bring these ecosystems – and their carbon sequestering superpowers – back to life.
Genesis fires up pellet study with Nature’s Flame
Wed 8 Apr 2026
By Pattrick Smellie | Genesis Energy is extending its quest for locally produced torrefied wood pellets to supplement coal and gas to fuel its Huntly power station, announcing it is investigating plant construction with established local solid fuels player Nature’s Flame.
A matter of strategy
Tue 7 Apr 2026
COMMENT: Even on the brink of a global commodities crisis, the possibilities for climate action aren't hopelessly foreclosed. Strategy can turn our fortunes around, writes David Hall.
RMA to speed up fossil fuel consents
18 Aug 2025
By Liz Kivi | An energy lobby group has welcomed a last-minute amendment to the RMA that puts fossil fuels on the same footing as renewables, however a sustainable energy expert says the move “beggars belief.”
FMA to ease conditions for green bond issues
31 Mar 2026
By Pattrick Smellie | Green, social and sustainability-linked bonds will face lower disclosure requirements and regulatory costs under a class exemption newly granted by the Financial Markets Authority.
New protections for NZ migratory species under UN convention
2 Apr 2026
By Shannon Morris-Williams | New international protections for migratory species, including several found in New Zealand, are a positive step – but global protections won’t halt the decline of migratory species on their own, experts say.
Fonterra admits ‘100% grass-fed’ claim breached law in greenwashing row
2 Apr 2026
By Shannon Morris-Williams | Fonterra has admitted its “100% New Zealand grass-fed” claims on Anchor butter were misleading and breached the law, settling a case brought by Greenpeace Aotearoa over packaging used between December 2023 and April 2025.
Govt missing opportunity to slash electricity prices, says expert
11 Feb 2026
By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.
NZ prepares to join ‘gold rush’ for white hydrogen
25 Mar 2026
By Pattrick Smellie | New Zealand may be close to commercialising the capture and use of naturally occurring ‘white’ hydrogen, with investment plans for developments in the Wairarapa region picking up pace in response to spiralling oil prices.
Media round-up
20 Mar 2026
In our round-up of climate coverage in local media: Crown lawyers agree High Court could quash emissions plan if found unlawful; NZ is locked in 'disaster inertia'; and climate change is notably absent from new development laws.
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.
Lawyers complain to ombudsman over Govt failure to release LNG modelling
1 Apr 2026
By Liz Kivi | Lawyers for Climate Action has made a formal complaint to the Ombudsman over the Government’s failure to release information about its controversial decision to build a LNG import terminal.
EA entrenches 10kW export limit for residential solar
Wed 8 Apr 2026
By Pattrick Smellie | The Electricity Authority intends to require all electricity networks to offer at least a 10 kilowatt (kW) export capacity for residential rooftop and other small-scale distributed generation.
NZ First targets regional share of mining royalties
30 Mar 2026
By Shannon Morris-Williams | New Zealand First has proposed returning 50% of mining royalties to regional communities, saying that too much of the value from resource extraction is currently flowing to Wellington.
Tuvalu prioritises climate change in agreement with NZ
27 Mar 2026
By Liz Kivi | New Zealand has pledged an additional $20 million to climate resilience work in Tuvalu, more than doubling Aotearoa's aid to the tiny island nation in the current financial year.
Worst in a generation: Environmentalists slam fisheries reform bill
25 Mar 2026
Media release: Greenpeace | The Fisheries Amendment Bill, which will likely have its first reading in parliament this week, is being labelled the worst fisheries policy in a generation by environmental groups who are calling for it to be rejected to protect ocean health.
Renewable build-out runs into grid and firming limits
Wed 8 Apr 2026
New Zealand's electricity market entered 2026 with renewable generation at record levels and a substantial build pipeline finally moving from paper to construction. The harder question is whether the wider system can absorb and firm that capacity fast enough.
Kiwis overly optimistic about state of environment
27 Feb 2026
By Shannon Morris-Williams | New research suggests many New Zealanders believe the environment is in better shape than it really is, with public perceptions often out of step with scientific evidence.
‘They pushed so many lies about recycling’: the fight to stop big oil pumping billions more into plastics
24 Feb 2026
Plastic production has doubled over the last 20 years – and will likely double again. For author Beth Gardiner, metal water bottles and canvas tote bags are not the solution. So what is?
Activists occupy controversial gold drilling site
25 Mar 2026
By Max Frethey, Local Democracy Reporter | Opposition in Golden Bay to a controversial gold mine at Sams Creek has flared up over the weekend after several activists briefly occupied a drilling site.
China has a new competitor? Kazakhstan reveals huge rare Earth deposit that could power the next tech boom
25 Feb 2026
China’s grip on rare earths might finally see some competition, and the world is already taking notice.
Solar energy, cheap battery storage can meet 90% of India’s power demand at affordable costs: Ember report
Thu 9 Apr 2026
Battery storage is now cheap enough in India that solar power can meet 90% of the country’s power demand at lower lifetime costs than current average purchase rates in most states, a new study has found, a finding that could potentially point to a future buffer against global energy shocks.
Sci-tech prioritisation report is a joke that could cost NZ dearly, says NZ Association of Scientists
2 Apr 2026
Media release: New Zealand Association of Scientists | The Prioritisation Report released yesterday by the Prime Minister’s Science Innovation and Technology Council makes a poor case for further cuts and changes to our research system.
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.
AI’s arrival complicates Big Tech climate goals, and some worry it’s locking in more fossil fuels
2 Apr 2026
Six years ago, Google was confident that by 2030 it would power all operations with electricity generated from clean sources, including wind and solar power, and remove as much pollution as it produced. Today it calls those goals a “moonshot.” Microsoft says it’s still aiming to remove more carbon than it creates by 2030 but now describes the effort as “a marathon, not a sprint.”
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.
Free fares call as fuel crisis impacts school attendance
Wed 8 Apr 2026
An open letter is urging the Government to make public transport free for all school children and subsidised for students under 25, as rising fuel costs begin to impact attendance and access to education across the country.
Infrastructure plan calls for ‘predictable approach’ to electrifying economy
18 Feb 2026
Aotearoa’s first National Infrastructure Plan, introduced to Parliament yesterday, calls for "a predictable approach to electrifying the economy" as one of ten priorities for the next decade.
Dairy farmers' lack of climate action 'even bleaker' than water inaction – Upton
1 Apr 2026
By Shannon Morris-Williams | Government projections for cutting agricultural emissions are being undermined by low farmer uptake, with the Parliamentary Commissioner for the Environment warning the country is relying on “heroic” assumptions to meet its methane targets.
AI tool predicts wildfire danger faster than current systems
26 Mar 2026
Media release | A wildfire forecasting system powered by artificial intelligence could help detect dangerous fire conditions earlier and reduce the cost of wildfire response, according to new research from Te Whare Wānanga o Waitaha | University of Canterbury.
Fast-track approved project could deliver NZ’s largest wind farm
Tue 7 Apr 2026
Media release: New Zealand Government |Fast-track approval has been granted for New Zealand’s largest wind farm project.
