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Investors to launch New Zealand’s first listed carbon fund

Published 11:28 on October 15, 2018  /  Last updated at 00:36 on October 16, 2018  /  Asia Pacific, New Zealand  /  No Comments

Investment firm Salt Funds Management will next month launch a dedicated carbon fund, the first to be listed on the New Zealand Stock Exchange (NZX), the company said.

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NZ Market: NZUs come off highs as buyers retreat

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

New Zealand carbon allowances on Friday came down from the record highs seen earlier in the week, with some observers saying a correction to below NZ$25 might be due.

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NZ Market: NZUs inch up to new record highs on small volumes

Published 11:48 on October 8, 2018  /  Last updated at 23:48 on October 8, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances hit a new all-time high on Monday, although it was on small trades reflecting the shortage of available supply in the market.

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NZ Market: NZUs remain rangebound amid lack of news on price ceiling

Published 09:36 on October 4, 2018  /  Last updated at 09:36 on October 4, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances remain near record highs, but continue to sit in a tight range while traders await news on the fate of the NZ$25 fixed price option.

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Overwhelming majority want NZ’s zero-emission target to cover all GHGs, consultation finds

Published 09:32 on October 4, 2018  /  Last updated at 09:33 on October 4, 2018  /  Asia Pacific, New Zealand  /  No Comments

As many as 91% of more than 15,000 respondents to New Zealand’s zero carbon bill wanted the target it sets to cover all greenhouse gases, the government said Thursday.

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New NZ fund targets carbon credit revenue from planting 150 million trees

Published 09:48 on September 27, 2018  /  Last updated at 00:03 on September 28, 2018  /  Asia Pacific, New Zealand  /  No Comments

A newly-launched New Zealand carbon fund is aiming to plant 150 million trees on marginal land under a business model that would see the fund and land owners split revenue from carbon credit sales in the NZ ETS.

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New Zealand PM hints at tougher GHG target, Pacific nations plan to do more

Published 09:33 on September 27, 2018  /  Last updated at 00:00 on September 28, 2018  /  Asia Pacific, Australia, Climate Talks, International, New Zealand  /  No Comments

New Zealand Prime Minister Jacinda Ardern has signalled she is ready to increase the ambition of the nation’s emissions reduction target under the Paris Agreement, even as the country is preparing to meet a significant share of its existing goal through the international carbon market.

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NZ Market: NZUs stuck in range-bound trade as buyers keep feet off gas

Published 10:44 on September 24, 2018  /  Last updated at 23:00 on September 24, 2018  /  Asia Pacific, New Zealand  /  No Comments

Trade in New Zealand carbon allowances has slowed to a trickle within a tight price range as emitters are reluctant to pay much above the fixed price ceiling for permits.

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Ending free ETS allocation could boost New Zealand revenue NZ$2.1b/year

Published 11:51 on September 21, 2018  /  Last updated at 11:53 on September 21, 2018  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand government could see a NZ$2.1 billion ($1.4 bln) bump in revenue if it brought agriculture into its emissions trading scheme and phased out all free allocation of carbon permits, according to the government-appointed Tax Working Group.

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COMMENT: Why NZ’s ETS should have an auction reserve price

Published 00:24 on September 19, 2018  /  Last updated at 00:24 on September 19, 2018  /  Asia Pacific, Conversations, New Zealand, Views  /  No Comments

Emission prices have since recovered but no one knows if this will last. With consultation underway on improving the New Zealand Emissions Trading Scheme (NZ ETS), the government should seriously consider a “price floor” to rebuild confidence in low-emission investment.

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