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:
Bill to ban new coal mines fails at first reading
Fri 24 Oct 2025
By Shannon Morris-Williams | A bid to outlaw new coal mines was defeated at its first hurdle in Parliament this week, after a heated debate pitting climate imperatives against energy security and affordability.
'It was the start of a new movement': The Dutch rewilding project that took a dark turn
Fri 24 Oct 2025
In 2018, thousands of dead animals, emaciated from starvation, lay strewn across a famous Dutch rewilding project. Was it animal cruelty or just nature taking its course?
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
Wed 22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
Just 28% of countries have released nature pledges a year after UN deadline
Thu 23 Oct 2025
Only 28% of countries have met a UN call to submit new plans on addressing nature loss – a year after the original deadline.
Govt launches strategy backing wood-based heat sector
Thu 23 Oct 2025
By Pattrick Smellie | Forestry biomass could replace as much as 40% of fossil fuel-generated process heat by 2050, but access to supply, regulatory settings and business cases for converting to wood-based heat sources are required, the Government says in a series of documents released yesterday.
‘Plain old dull’: NZU market continues to limp sideways
Fri 24 Oct 2025
By Liz Kivi | The NZU market has been “plain old dull” in recent months, with activity driven mainly by credit opportunities or a specific need to raise cash, according to Lizzie Chambers of trading platform Carbon Match.
Is greenhushing the new greenwashing? Or something else entirely
Fri 24 Oct 2025
Companies used to be accused of faking sustainability via greenwashing. Now some are hiding actual climate progress.
Broker predicts all this year’s carbon auctions will fail
10 Oct 2025
By Liz Kivi | Marex New Zealand is forecasting that the government will sell no ‘pollution permits’ at the NZU auctions this year, with a significant gap continuing between secondary market prices and this year’s $68 auction floor price.
Genesis doubles down on Huntly as renewables ramp up
Fri 24 Oct 2025
Genesis Energy is doubling down on Huntly’s role as New Zealand’s energy backstop while accelerating one of the country’s largest pipelines of new renewable generation.
The merchants of doubt are back
3 Sep 2025
OPINION: If you don’t follow climate policy closely, you might not know that the Trump administration is launching an effort to overturn one of the most fundamental pillars of American climate policy.
Milestone for NZ Steel electrification
10 Sep 2025
By Pattrick Smellie | NZ Steel has passed an installation milestone for its new electric arc furnace, which will reduce emissions from the Glenbrook steel mill site by as much as one megatonne (1Mt) a year.
Carbon Finance Program upscales efforts to close climate investment gap in climate vulnerable nations
Wed 22 Oct 2025
Media release | The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) will work with the Voluntary Carbon Markets Integrity Initiative (VCMI) to upscale the Carbon Finance Program in reach and impact, supporting more climate-vulnerable countries to host high-integrity carbon projects that yield tangible climate, nature, and sustainable development benefits.
All carrot, no stick for farmers on methane
17 Oct 2025
By Pattrick Smellie | COMMENT: The abandonment of methane emissions pricing and the adoption of a weaker target is effectively the last nail in the coffin of the historic cross-parliamentary consensus embedded in the Zero Carbon Act 2019.
From nuisance to crisis: New report on pest wasps In Aotearoa
24 Sep 2025
Media release: Moths and Butterflies NZ Trust | Just published is the Final Report of the Pest Wasps Survey carried out by the Moths and Butterflies of NZ Trust (MBNZT) offering a comprehensive look at New Zealanders’ awareness, experiences, and attitudes toward wasps and the growing ecological, health, and social issues associated with them.
Media round-up
Fri 24 Oct 2025
In our round-up of climate coverage in local media: The Government planned to gut New Zealand's world-leading climate disclosure law - even as it bragged about it on the world stage; a new Indigenous climate adaptation network launches; and Climate Change Minister Simon Watts admits that the new methane target might breach the global 1.5C goal.
NZ marine heatwaves could double in intensity under high-emissions pathway
16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
EU plans deforestation delay only for small businesses
Wed 22 Oct 2025
The proposal will need approval of co-legislators, EU countries at the Council and MEPs, who can still push for more changes to the legislation.
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.”
Super Fund smashes decarbonisation goals
Thu 23 Oct 2025
By Pattrick Smellie | The New Zealand Superannuation Fund continues to blow through its self-imposed targets for decarbonising its investment portfolio, increasing its exposure to fast-growing green technology opportunities in the process, according to its 2025 climate statement.
No major banks have yet committed to stop funding new oil, gas and coal, research finds
Fri 24 Oct 2025
‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers.
Climate credibility gap widening for Aussie firms
1 Oct 2025
By Pattrick Smellie | Australian public companies’ climate change commitments are in retreat, reflecting difficulty in achieving stated targets and increased fossil use, but not because of any pressure to make less effort, according to a study of major companies’ ESG reporting.
Coal imports up 650%
12 Sep 2025
By Shannon Morris-Williams and Liz Kivi | Coal imports are up 650% as generators stockpile the most polluting fossil fuel ahead of next winter.
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.
On Louisiana’s Gulf Coast, residents fume as insurers hike rates and invest in fossil fuel projects
Wed 22 Oct 2025
Locals face a perfect storm — they can’t afford insurance and climate change threatens their livelihood.
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.
Judge dismisses suit by young climate activists against Trump’s pro-fossil fuel policies
17 Oct 2025
Plaintiffs had ‘overwhelming evidence’ of climate crisis but a court injunction would be ‘unworkable’, ruling says.
Nelson commuters urged to ditch car once a week
Wed 22 Oct 2025
By Max Frethey, Local Democracy Reporter | Nelson has a bold carbon emission reduction target and residents are being encouraged to leave the car at home one day a week to help meet it.
US, Australia to invest $2 billion in critical minerals, advance Alcoa gallium project
Thu 23 Oct 2025
The United States and Australia extended financial support to several Australian companies as part of a wide-ranging critical minerals agreement aimed at countering China's hold over the industry.
Govt ‘captured by industry’ on methane – Carr
21 Oct 2025
By Liz Kivi | Former Climate Change Commission chair Rod Carr says that recent moves to weaken methane targets and halt plans for agricultural emissions pricing show the Government has been captured by industry.
Climate impacts hit NZ with increasing wild weather
Thu 23 Oct 2025
By Liz Kivi | New Zealand is facing a triple whammy of climate impacts today, with severe winds and rainfall predicted for much of the country while some areas are still dealing with wildfires ignited earlier in the week.
‘Weird and sad’ – Tuvalu Climate Minister condemns NZ halving methane target
15 Oct 2025
By Liz Kivi | Dr Maina Talia, Tuvalu’s Minister for Home Affairs, Climate Change, and Environment, says he’s surprised at New Zealand’s decision to weaken its target for reducing methane emissions – and is planning to take up the issue with his counterpart Climate Minister Simon Watts this week.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Students repeat request for Victoria University to divest from fossil fuel investments
24 Sep 2025
Media release | A group of students campaigning for climate action at Victoria University of Wellington have dropped a banner protesting against the university’s lack of action on its 2014 commitment to divest from fossil fuels.
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.
Difficult trade-offs ahead for climate adaptation
17 Oct 2025
By Shannon Morris-Williams | While climate impacts are already here, bringing the urgent need to accelerate effective adaptation now, the Government's newly minted adaptation framework still leaves important questions unanswered about who will pay.
Solar households to get little-noticed tax break
23 Sep 2025
A provision in the government’s latest tax bill would exempt households from paying tax on income they earn by selling excess electricity back to the grid.
Climate scientists and republican lawyers are taking aim at Big Tech’s emissions
17 Oct 2025
Technology companies have long been one of the biggest investors in clean energy, but new accounting rules could upend that.
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.
NZ abstains from vote on global shipping carbon tax
Wed 22 Oct 2025
By Shannon Morris-Williams | The Government says it held back from endorsing the International Maritime Organization’s Net-Zero Framework over fears the plan could raise costs for exporters and importers.
Fix it, don't ditch it: University of Auckland hosts first Repair Cafe
9 Oct 2025
Media release - Auckland University | The University's first-ever Repair Cafe is bringing students and staff together to give broken items a new lease on life, while promoting a culture of repair and reuse.
Council buys dairy farm to help clean up Lake Rotorua
21 Oct 2025
Bay of Plenty Regional Council has bought a 266-hectare dairy farm in the Lake Rotorua catchment and plans to retire it from production to reduce nitrogen entering the lake.
Adaptation plan at odds with public sentiment: survey
21 Oct 2025
By Liz Kivi | The Government’s position on climate adaptation buyouts shows a disconnect with public opinion, according to survey findings from insurer Suncorp NZ.
‘Damp squib’ – Govt energy plan slammed for locking in fossil fuels
2 Oct 2025
By Shannon Morris-Williams | Critics across business, climate groups and the opposition say the Government’s electricity reforms duck structural change, double down on LNG and gas, and offer little relief for soaring power prices – warning of an “expensive white elephant", deeper energy poverty and a missed chance to scale renewables.
