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 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 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 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 MoreNZ Market: NZUs slip further amid weak demand
Spot permits in the New Zealand emissions trading scheme extended recent losses in Monday trade as demand remains weak amid an uncertain market outlook.
Read MoreNew Zealand’s forestry rule push to shave a year’s worth of GHGs off its books -report
New Zealand’s push to change UN forestry accounting rules would in practise wipe almost one year’s worth of CO2 off the country’s emissions levels.
Read MoreNZ Market: NZUs extend losses as buyers retreat
New Zealand carbon allowances shed another 0.80% in Monday trade as the market is due a correction after hovering near five-year highs for two months.
Read MoreNZ Market: Lack of demand pulls NZUs down to 2-month low
New Zealand carbon prices fell 10 cents in Thursday trade to hit a fresh 2-month low as even severely limited supply was sufficient to meet the scant demand in the market.
Read MoreGlobal forest carbon finance increased 26% in 2015, report finds
Global funding for efforts to store carbon in forests rose 26% to $880 million in 2015, but that amount would have shrunk if not for the Australian government’s Emissions Reduction Fund (ERF).
Read More