New Zealand « Carbon Pulse
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NZ Market: NZUs break through NZ$24 as price ceiling uncertainty fuels fresh record run

Published 09:37 on August 15, 2018  /  Last updated at 21:02 on August 15, 2018  /  Asia Pacific, New Zealand  /  No Comments

NZUs continued to rise on Wednesday, breaking through the NZ$24 level for the first time as concerns that the government might increase the NZ$25 fixed price option during the current compliance year spread through the market.

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NZ Market: NZUs rally 3.2% to hit new highs after govt ETS proposals

Published 08:48 on August 14, 2018  /  Last updated at 08:49 on August 14, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances rose more than 3.2% on Tuesday as the market responded to a raft of government proposals to amend the emissions trading scheme.

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New Zealand proposes major ETS overhaul

Published 10:07 on August 13, 2018  /  Last updated at 08:02 on August 14, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand on Monday released a consultation paper proposing major revisions to its emissions trading scheme, including setting an annual absolute cap, replacing the fixed price option with a cost containment reserve, and launching a process to phase down free allocation to industrials.

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NZ Market: NZUs hit fresh record highs amid lack of supply, expected rule changes

Published 10:54 on August 9, 2018  /  Last updated at 10:54 on August 9, 2018  /  Asia Pacific, New Zealand  /  No Comments

Spot NZU prices lifted on Thursday to set a fresh record high, the twelfth over the past two months, as available supply remained scarce and some emitters bet on impending clarity on government plans to amend the ETS.

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New Zealand carbon permit surrender increases 36% as new rules begin to bite

Published 10:41 on August 9, 2018  /  Last updated at 10:42 on August 9, 2018  /  Asia Pacific, New Zealand  /  No Comments

Non-forestry firms covered by New Zealand’s emissions trading scheme handed in 6.8 million allowances more in 2017 than the previous year despite only a modest increase in emissions as the phase-out of the scheme’s 2-for-1 rule began to take effect.

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NZ Market: NZUs see third day of minor corrections as bull run over for now

Published 10:33 on July 30, 2018  /  Last updated at 12:47 on July 30, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances saw a third consecutive session of minor losses on Monday, putting an end to the recent bull run that saw spot allowances set a remarkable eleven records in just over a month.

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NZ Market: NZUs break above NZ$23 as record push continues

Published 09:46 on July 25, 2018  /  Last updated at 00:56 on July 26, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances made another leap on Wednesday to hit NZ$23 ($15.64) for the first time as the supply shortage continued to push up prices.

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NZ Market: NZUs extend gains again but volumes dwindle

Published 10:56 on July 24, 2018  /  Last updated at 22:56 on July 24, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances rose to record highs for the sixth day in a row on Tuesday, with market observers saying there is more upside, though volumes are falling sharply as supply remains short.

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NZ Market: Price ceiling in sight as NZUs keep pushing higher

Published 10:40 on July 20, 2018  /  Last updated at 17:05 on July 20, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand emissions permits extended record high levels again on Friday, with some market participants questioning whether the rally might take prices up to the NZ$25 de-facto price ceiling or even beyond.

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NZ Market: Momentum pushes NZUs to yet another record high

Published 10:28 on July 19, 2018  /  Last updated at 10:32 on July 19, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances set an all-time high for the seventh time in a month on Thursday as bullish momentum continued to lead prices up.

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