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NZ Market: NZUs slump to 7-wk low on fresh supply

Published 09:01 on February 23, 2018  /  Last updated at 09:01 on February 23, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits fell 15 cents on Friday to a 7-week low after some fresh supply from foresters helped quell demand.

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NZ Market: NZUs slide to 4-wk low as aggressive buyers cool down

Published 09:26 on February 20, 2018  /  Last updated at 09:26 on February 20, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell 1% on Tuesday to reach a 4-week low as buyers pulled their most aggressive bids. 

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New Zealand’s Genesis Energy to extend life of coal-fired plant to 2030

Published 09:35 on February 14, 2018  /  Last updated at 15:21 on February 14, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s Genesis Energy will continue burning coal at its Huntly power station – one of the nation’s biggest buyers of carbon allowances – until 2030, marking an eight-year extension of previous plans.

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NZ Market: NZUs ease off highs but remain strong

Published 09:45 on February 12, 2018  /  Last updated at 13:07 on February 12, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances came off slightly on Monday after setting a series of Sergey Bubka-style incremental records last week, but the allowances continued to hover near all-time highs.

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Nations urged to waive through CORSIA rulebook as time pressure hits airlines

Published 00:47 on February 10, 2018  /  Last updated at 02:50 on February 12, 2018  /  Americas, Aviation, Canada, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, REDD, US, Voluntary Market  /  No Comments

Airlines are urging governments to waive through the draft rulebook for the CORSIA international offset market without further changes, as regulators face tight timelines to ready the scheme.

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NZ Market: NZUs rise to fresh record highs on sellers’ wait-and-see approach

Published 09:36 on February 9, 2018  /  Last updated at 19:04 on February 9, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances set a record high for the third consecutive session on Friday, as sellers continued to drip-feed to eager buyers while holding on to the lion’s share of their supply.

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NZ Market: NZUs extend all-time highs as demand holds firm

Published 15:36 on February 8, 2018  /  Last updated at 02:51 on February 12, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances rose another 5 cents on Thursday on steady demand, adding to the record high levels hit in the previous session.

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NZ Market: NZUs soften over lengthy ETS reform timeframe

Published 09:52 on January 23, 2018  /  Last updated at 01:41 on January 24, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon prices came down slightly on Tuesday amid doubts that the recent rally could be sustained as government changes to the ETS will likely not be announced until late next year.

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Global CO2 trading volume up 5% in 2017, value up 22% as major markets extend rules -analysts

Published 15:03 on January 18, 2018  /  Last updated at 08:26 on January 19, 2018  /  Americas, Asia Pacific, Aviation, Canada, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South Korea, US  /  No Comments

Global traded carbon volumes rose 5% in 2017 to 6.3 billion tonnes of CO2e while the overall value of the markets climbed 22% to €41 billion ($33.5 billion), the Point Carbon analysts at Thomson Reuters said in a market review published Thursday.

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NZ Market: NZUs chase record highs as concerns rise over supply

Published 10:47 on January 16, 2018  /  Last updated at 18:58 on January 16, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits traded near all-time highs again on Wednesday as concerns emerged that supply might prove insufficient over time due to the emissions trading scheme’s tighter settings.

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