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COMMENT: Why NZ’s ETS should have an auction reserve price

Published 00:24 on September 19, 2018  /  Last updated at 00:24 on September 19, 2018  /  Asia Pacific, Conversations, New Zealand, Views  /  No Comments

Emission prices have since recovered but no one knows if this will last. With consultation underway on improving the New Zealand Emissions Trading Scheme (NZ ETS), the government should seriously consider a “price floor” to rebuild confidence in low-emission investment.

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CARBON FORWARD 2018: Will international carbon trade thrive under the Paris Agreement?

Published 18:46 on September 18, 2018  /  Last updated at 22:33 on September 19, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Switzerland, Voluntary Market  /  No Comments

The world’s biggest carbon offset market is set to sunset in 2020, with governments at odds over how the UN CDM’s thousands of projects and billions of carbon credits should be subsequently treated under Article 6 of the Paris Agreement.

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Few countries are pricing carbon high enough to meet Paris Agreement targets -OECD

Published 16:43 on September 18, 2018  /  Last updated at 01:43 on September 19, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International  /  No Comments

Governments need to raise carbon prices much faster if they are to meet their commitments on cutting emissions and slowing the pace of climate change under the Paris Agreement, according to a report released by the OECD on Tuesday.

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NZ Market: NZUs hold steady as supply dries up

Published 13:55 on September 17, 2018  /  Last updated at 22:44 on September 17, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances made minor gains further above NZ$25 on Monday as supply has dried up amid expectations of further price hikes.

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Australian minister says keen to top up ERF budget

Published 12:30 on September 17, 2018  /  Last updated at 22:42 on September 17, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s new environment minister Melissa Price on Monday gave the nation’s offset market a boost by saying she was seeking to top up the budget of the Emissions Reduction Fund (ERF), making her the first government member to openly pursue this since the A$2.55 billion fund was established.

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Analysts see bumpy road ahead for South Korea’s CO2 market

Published 09:44 on September 13, 2018  /  Last updated at 03:36 on September 14, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 prices are likely to be volatile over the next three years as an early, large permit surplus is replaced by shortages later in the trading phase, analysts at trading firm Ecoeye said Thursday.

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NZ Market: NZUs marginally weaker, but seen likely to hold above NZ$25

Published 10:45 on September 12, 2018  /  Last updated at 02:37 on September 13, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell slightly on Wednesday, slipping for a second consecutive day even though market participants expect the spot contract to hold above NZ$25.

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Australia launches new offset method to drive industrial carbon reductions

Published 10:00 on September 12, 2018  /  Last updated at 02:35 on September 13, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator on Wednesday introduced a new offset method aimed at driving deeper emission cuts at industrial facilities whose involvement in the scheme has been minimal so far.

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South Korea orders Samsung to pull failed CDM project

Published 09:03 on September 11, 2018  /  Last updated at 09:03 on September 11, 2018  /  Asia Pacific, International, Kyoto Mechanisms, South Korea  /  No Comments

The South Korean government has ordered Samsung Electronics to withdraw a CDM project that originally aimed at generating nearly 770,000 carbon credits per year over a decade.

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NZ Market: NZUs extend highs again as market looks ahead

Published 09:52 on September 10, 2018  /  Last updated at 08:04 on September 11, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Monday continued their upwards march, although the recent bullish momentum has slowed and volumes have dropped.

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