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NZ Market: NZUs get bump on fresh demand

Published 10:21 on July 29, 2019  /  Last updated at 10:21 on July 29, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances moved to a 5-week high on Monday as fresh demand entered the market.

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NZ Market: NZUs locked in tight range as agriculture plans fail to move market

Published 12:32 on July 25, 2019  /  Last updated at 00:14 on July 26, 2019  /  Asia Pacific, New Zealand  /  No Comments

NZUs edged up slightly on Thursday but remained within the tight price range seen since the government last week launched a consultation process that could see some agricultural emissions brought into the ETS from 2021.

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New Zealand agriculture sector to face carbon price from 2025

Published 03:03 on July 16, 2019  /  Last updated at 00:26 on July 17, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s government has reached an agreement with farmers to price the sector’s GHG emissions starting in 2025.

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NZ Market: NZUs hold for now despite tumbling timber prices

Published 14:31 on July 11, 2019  /  Last updated at 00:02 on July 12, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances are holding around the NZ$23 ($15.36) level despite rapidly fading timber export prices that has brought speculation on whether forest owners would sell off more NZUs to compensate for falling income levels.

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New Zealand launches tender to build CO2 auctioning platform

Published 11:11 on July 8, 2019  /  Last updated at 11:31 on July 8, 2019  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand government launched a tender on Monday for information and advice on building an auction platform for its ETS, with the intention to start selling carbon allowances next year.

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FEATURE: Growing anti-climate political rhetoric highlighting need for ‘just transition’ plans

Published 23:41 on July 5, 2019  /  Last updated at 00:37 on July 6, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, EMEA, International, New Zealand, South & Central, US  /  No Comments

A growing trend of right-wing populist politicians embracing anti-climate change and anti-carbon pricing rhetoric is putting more pressure on governments to develop and communicate ‘just transition’ plans to help affected communities.

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NZ farmers push back against zero carbon bill

Published 08:45 on July 4, 2019  /  Last updated at 08:48 on July 4, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s main farming lobby has rejected the government’s target for methane emission cuts from livestock, saying it would disadvantage the nation’s food production industry.

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NZ Market: NZUs rebound as buyers see good value

Published 09:13 on June 25, 2019  /  Last updated at 09:13 on June 25, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances climbed back up to NZ$23 ($15.28) as some buyers stepped in to take advantage of what they considered attractive levels.

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NZ minister says “not keen” to change NZU fixed price level

Published 09:55 on June 24, 2019  /  Last updated at 09:55 on June 24, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand Climate Change Minister James Shaw has said he is “not keen” to shift the emissions trading scheme’s de facto price cap level up from the current NZ$25 level until the full market reform package is ready, the clearest indicator yet the cap will stay where it is and weigh further on NZUs.

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BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading

Published 14:08 on June 14, 2019  /  Last updated at 21:51 on June 14, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.

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