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New Zealand wins cautious support for carbon credit plan

Published 11:19 on April 18, 2019  /  Last updated at 11:19 on April 18, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s ETS consultation process has drawn support for allowing ETS companies to buy a limited amount of carbon credits from abroad, but a significant minority wanted restrictions such as having the government make the purchases or banning international units outright.

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New Zealand reiterates need for ETS reform as emissions rise again in 2017

Published 03:14 on April 11, 2019  /  Last updated at 03:14 on April 11, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s gross GHG emissions rose 2.2% in 2017, government data showed Thursday, sparking fresh vows from Climate Change Minister James Shaw to reform the nation’s emissions trading scheme and put in place legislation to bring carbon output to zero by mid-century.

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New Zealand appoints carbon market expert in climate ambassador role

Published 10:04 on April 10, 2019  /  Last updated at 10:04 on April 10, 2019  /  Asia Pacific, Bavardage, Climate Talks, International, New Zealand  /  No Comments

New Zealand has made a seasoned carbon market negotiator its new climate change ambassador.

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NZ Market: NZUs extend gains as emitters hedge against fixed price risk

Published 08:56 on April 1, 2019  /  Last updated at 08:56 on April 1, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances moved higher again in Monday trade amid healthy demand from emitters looking to hedge against the risk of the NZ$25 fixed price option changes.

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Australian, NZ investors call for zero emission targets, carbon pricing

Published 13:01 on March 27, 2019  /  Last updated at 10:31 on March 27, 2019  /  Asia Pacific, Australia, New Zealand  /  No Comments

Investors in Australia and New Zealand are calling on their governments to design durable climate policies using carbon pricing as a tool to align with the Paris Agreement and set long-term zero emission targets.

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NZ announces changes to forestry accounting that could free up NZU supply

Published 01:56 on March 27, 2019  /  Last updated at 09:14 on March 27, 2019  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand government on Wednesday announced it will introduce averaging accounting for foresters in the ETS, a move that could free up additional supply as forest-owners face fewer risks.

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NZ minister dismisses proposal to restrict forestry NZU use in ETS

Published 09:37 on March 26, 2019  /  Last updated at 09:37 on March 26, 2019  /  Asia Pacific, New Zealand  /  No Comments

Climate minister James Shaw on Tuesday dismissed a proposal from a parliamentary watchdog to ban fossil fuel companies from using forestry-based carbon allowances in New Zealand’s ETS.

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NZ firm puts carbon forest on the market

Published 12:41 on March 25, 2019  /  Last updated at 12:41 on March 25, 2019  /  Asia Pacific, New Zealand  /  No Comments

A New Zealand company is seeking buyers for a forest property that comes with a batch of more than 600,000 carbon allowances.

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ICAP Status Report 2019: Emissions Trading Worldwide

Published 21:51 on March 19, 2019  /  Last updated at 21:51 on March 19, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's National ETS, China's Pilot Markets, Conversations, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Views  /  No Comments

Carbon Pulse partner ICAP has published its annual Status Report “Emissions Trading Worldwide”. The 2019 edition provides a comprehensive overview of the latest developments and design elements of all ETS in operation, scheduled and under consideration around the world.

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Minister gives clearest indication yet that NZ govt wants agriculture in ETS

Published 04:50 on March 15, 2019  /  Last updated at 09:57 on March 15, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand Finance Minister Grant Robertson on Friday said the government will bring the nation’s biggest-emitting sector into its ETS, causing NZU prices to jump to a new four-month high.

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