NZ Market: Profit-taking pushes NZUs further down
New Zealand carbon allowances ended in negative territory for a seventh consecutive day on Monday, as profit-trading added to the woes brought on by the recent US election.
Read MoreUN climate talks get late jolt as nearly 50 poor nations raise the stakes
Nearly 50 of the poorest nations made a joint pledge on Friday to update their national climate plans before 2020 and aim for 100% renewables by 2050, putting pressure on major economies to ratchet up their Paris Agreement contributions at the earliest opportunity.
Read MoreAustralia to ramp up offset issuance to savanna burning projects
The 70 savanna burning projects registered with Australia’s Clean Energy Regulator will be eligible to receive more offsets than before as new research shows they also increase carbon storage in the surrounding landscape, according to a new government proposal.
Read MoreNZ Market: NZUs plunge to 5-month lows on Trump worries
New Zealand carbon allowances extended recent losses in Friday trade, falling 3.6% to hit a five-month low as concerns over how the next US administration will impact global carbon trading continue to cast a shadow over the market.
Read MoreFiji, Poland tapped as next COP hosts
Fiji will chair next year’s UN climate summit in the German city of Bonn while Poland has proposed to once again host the talks in 2018, sources told Carbon Pulse.
Read MoreNew Zealand in search of partners as nation prepares to splurge on carbon credits
New Zealand could meet as much as 80% of its Paris Agreement obligations through the international carbon market, and Climate Change Minister Paula Bennett is at UN talks in Marrakech to line up nations with which to link or trade, according to a government document.
Read MoreNZ Market: NZUs fall to 3-month low as bearish sentiment lingers
New Zealand carbon allowances shed another 1.1% in Thursday’s trade to hit a three-month low as buyers rapidly retreated and some sellers followed suit.
Read MoreEnergy-related CO2 emissions set to continue to rise until 2040 -IEA
Global CO2 emissions are set to still be rising by 150 million tonnes a year in 2040, paving the way for temperature growth of 2.7C by 2100 unless governments ramp up their ambition, the International Energy Agency said Wednesday.
Read MoreNZ Market: Downturn continues amid profit-taking, Trump
The New Zealand carbon market saw a fourth consecutive day of losses on Wednesday as a mix of profit-taking and uncertainty over what a Trump presidency will bring weighed on prices.
Read MoreIETA appoints first China representative, Korean board member
The International Emissions Trade Association (IETA) has appointed its first representative in China and a South Korean board member at its board meeting in Marrakech on Monday, in a move to expand its presence and promote its ties in Asia’s carbon markets.
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