Topics tagged with 'NZ Market Report'
NZUs hit $4.10 on speculation of ETS changes
2 Dec 2013
Speculation on the future of the Emissions Trading Scheme is driving the market at present. OMFinancial reports:
NZUs hit $3.60 mark
29 Nov 2013
The spot market hit $3.60 yesterday as the slow march forward continues. OMFinancial reports:
NZUs trade higher, bid builds
28 Nov 2013
Spot NZUs traded at $3.50 yesterday with momentum building. OMFinancial reports:
NZUs continue slow march forward
27 Nov 2013
The spot NZU market finished at $3.45 yesterday as the slow grind upward continues. OMFinancial reports:
NZUs wax and wane
26 Nov 2013
Spot NZUs got paid on Monday with the market closing at $3.35, up 10 cents. OMFinancial reports:
NZUs continue to track higher
22 Nov 2013
Spot NZUs continued to track higher finishing yesterday at $3.32 on CommTrade. OMFinancial reports:
NZUs starting to move up again
21 Nov 2013
We saw buyers emerge yesterday, with spot NZUs trading at $3.18. OMFinancial reports:
Flurry on NZ market
20 Nov 2013
NZUs appeared to hammer out a base yesterday, with the main seller in the market paid out through the day at $3.15. OMFinancial reports:
Market quiet and consolidating
19 Nov 2013
A quiet market yesterday, although we have depth on tight quotes. OMFinancial reports:
Good market interest
18 Nov 2013
Friday saw a continuation of the activity in spot NZUs, with the market trading $3.15 on good volume. OMFinancial reports:
Buyers get interested
15 Nov 2013
The local market was sold down yesterday starting off at $3.25 and hitting $3.10 before closing $3.15 bid. OMFinacial reports:
Buy, bank, and hold....
13 Nov 2013
Despite the market having peeled off from the high $4s to the low $3s, we are not bearish. OMFinancial reports:
Stand-off in NZU market
12 Nov 2013
The NZU fixed at $3.50 yesterday on the back of some light trading at the close of the day. OMFinancial reports.
Hope from Europe
11 Nov 2013
The NZU market finished the week on a subdued note, as selling interest dries up for now. OMFinancial reports:
Market needs to get a move on
8 Nov 2013
The New Zealand carbon market was quiet yesterday with little in the way of NZU trading and fairly light in ERU trades. OMFinancial reports:
Market continues to decline
7 Nov 2013
The New Zealand carbon market continued its declines yesterday, with around 100,000 tonnes going though OMF at $3.45. OMFinancial reports:
Choppy market in Europe
5 Nov 2013
The market was very quiet yesterday, with very little interest from both the buy side and the sell side of the market to cross the spread. OMFinancial reports:
Pre-1990 forest owners back in the market for NZUs
1 Nov 2013
Spot NZUs fixed at $3.70 yesterday, with little change in the tone, OMFinancial reports.
Post-1989-ers leading the charge
30 Oct 2013
Spot NZUs are lower, but well bid and offered at current levels, OMFinancial reports.
Expect prices to grind this week
29 Oct 2013
The NZU spot market traded down to $3.70 on good volume Friday, OMFinancial reports.
Yes, Minister, prices will rise....
25 Oct 2013
A Ministry for the Environment report showing that New Zealand's emissions are set to rise 50 per cent by 2040 means net emissions are set to reach 90 million tonnes in 2040, while the Government is targeting 30 million tonnes by 2050.
Market quiet now below $4
24 Oct 2013
Spot NZUs held the $3.80 level yesterday, fixing at $3.82 on CommTrade. OMFinancial reports.
Cheap at these levels
22 Oct 2013
Spot NZUs closed at $3.90 yesterday on CommTrade, OMFinancial reports.
Don't sit back and wait for auction...
21 Oct 2013
Spot NZUs finished under $4 for the first time in six weeks, OMFinancial reports.
Back below $4
18 Oct 2013
NZUs edged under $4 yesterday, finishing the day at $3.95, OMFinancial reports.
Rally continues at home and abroad
17 Oct 2013
Good volume is trading through NZUs at present, with a bid at $4 soaking it up, OMFinancial reports.
Buyers ambivilent about NZUs
16 Oct 2013
Spot NZUs traded $4 on the close last night, OMFinancial reports.
Spot NZUs get active
15 Oct 2013
We saw some good two-way activity with spot NZUs yesterday, with buyers stepping in at $4.20 and to meet the fresh selling in the market, OMFinancial reports.
Large sellers absent from market
14 Oct 2013
NZUs finished closed at $4.25 on CommTrade on Friday, OMFinancial reports.
Why the Government might not auction units
11 Oct 2013
The Government has been very quiet on the whole auctioning process, and the market belives it's just a matter of time before it does auction enough NZUs to placate all buyers, says OMFinancial
Switching where the action is
10 Oct 2013
The local market continued to consolidate yesterday around the $4.20 mark, OMFinancial reports.
Flow of credits from small sellers
9 Oct 2013
The local market traded up to $4.30 yesterday on light volume, OMFinancial reports.
Chance to buy 'decent' volumes of NZUs
8 Oct 2013
NZUs traded at $4.20 yesterday, with some volume starting to appear on both sides, OMFinancial reports.
Still a good time to buy
7 Oct 2013
NZUs held the $4 level last week, finishing at $4.20, OMFinancial reports.
NZUs sell in the low $4 range
4 Oct 2013
The New Zealand NZU market continued to consolidate yesterday in the low $4.00 region. OMFinancial reports:
Europe shows where we're heading
3 Oct 2013
NZUs seem to have consolidated in the low-$4 region, and look to be setting a short-term base here, OMFinancial reports.
Market down on light volume
2 Oct 2013
Once again, the domestic NZU market was a little soft yesterday, due to the demand side of the market getting a little thin, OMFinancial reports.
Lack of motivation on domestic market
1 Oct 2013
It was a quiet day yesterday, with very little action in our domestic carbon markets, OMFinancial reports.
Small action in the market
30 Sep 2013
It was a quiet day on Friday, with some small action in spot NZUs and ERUs, OMFinancial reports.
Market watches and waits
27 Sep 2013
Spot NZUs consolidated yesterday at $4.50. OMFinancial reports:
Quiet day for market
25 Sep 2013
A quiet day for spot NZUs, and the market felt more offered than bid at current levels, OMFinancial reports.
Buy the dips
25 Sep 2013
Before even contemplating supply in the carbon market, you have to ask yourself this question: what is the purpose for having an ETS?
NZUs on a high
20 Sep 2013
Spot NZUs look to close the week at the high for the year. OMFinancial reports:
Market heads higher
13 Sep 2013
Nearly 100k of NZU spot traded at $4.00 yesterday as the market went from $4 offered to $4 bid. OMFinancial reports:
NZUs higher in light trading
6 Sep 2013
Spot NZUs closed higher yesterday as selling dissipated and the bid tone returned. OMFinancial reports:
Spot NZUs hold and forward curve tightens
30 Aug 2013
Spot NZUs closed at $4.50 yesterday; it was reasonably well bid at $4.50 and was given there on the close. OMFinancial reports:
Prices firming in Europe
23 Aug 2013
So much for our call the European market would correct; it has continued to firm.
Low volumes, but market buoyant
16 Aug 2013
European carbon remains buoyant ahead of a holiday across much of Europe today. 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.
