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NZ shipping industry protests ETS rules after price spike turns screw

Published 09:35 on February 13, 2017  /  Last updated at 11:16 on February 13, 2017  /  Asia Pacific, New Zealand, Shipping  /  No Comments

The massive increase in New Zealand carbon prices over the past 16 months has raised costs for the domestic shipping industry, sparking objections to ETS rules that allow international ships to carry goods in NZ waters free of emission costs.

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NZ Market: NZUs edge up in slow comeback

Published 11:59 on February 9, 2017  /  Last updated at 14:14 on February 9, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances edged upwards to hit a three-week high on Thursday as the spot contract is slowly gaining back lost ground after dipping below NZ$17 last week.

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NZ Market: NZUs recover slightly but market remains subdued

Published 08:26 on February 1, 2017  /  Last updated at 08:26 on February 1, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances crawled back to the NZ$17 ($12.35) mark on Wednesday but demand remained muted as some observers pointed to political uncertainties surrounding the scheme.

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NZ Market: NZUs slip to 7-month lows amid waning demand

Published 09:06 on January 31, 2017  /  Last updated at 01:07 on February 1, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances have fallen to their lowest levels since mid-June amid low demand as emitters appear to have picked up sufficient permits to cover their 2016 GHG output.

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NZ Market: NZUs slide to 3-week low in thin post-holiday trade

Published 09:19 on January 24, 2017  /  Last updated at 14:59 on January 24, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell to their lowest levels since Jan. 4 on Tuesday as the market continues to only slowly emerge from the traditionally quiet holiday period in December and January.

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Global CO2 trade volume down 4% in 2016, value plummets 31% -analysts

Published 19:48 on January 11, 2017  /  Last updated at 19:48 on January 11, 2017  /  Americas, Asia Pacific, 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 dipped 4% in 2016 to 6.0 billion tonnes of CO2e while the overall value of the markets fell 31% to €34 billion ($35.8 billion) as prices plunged in the large European market, Thomson Reuters Commodities said in its annual market review.

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NZ Market: NZUs slump to 4-week low as holiday mode kicks in

Published 09:47 on December 16, 2016  /  Last updated at 17:37 on December 16, 2016  /  Asia Pacific, New Zealand  /  No Comments

Spot allowances in the New Zealand carbon market fell on Friday to their lowest levels since Nov. 22, with volumes shrinking as traders geared down for the coming holiday season.

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NZ Market: NZUs softer amid slowing trade as PM resignation lacks impact

Published 07:58 on December 9, 2016  /  Last updated at 14:57 on December 9, 2016  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits drifted down 0.6% over the week in thin trade as traders took a wait-and-see approach to changes in government.

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NZ emissions intensity down, but not enough -report

Published 09:21 on November 29, 2016  /  Last updated at 14:31 on November 29, 2016  /  Asia Pacific, New Zealand  /  No Comments

New Zealand household carbon emissions have gone down in recent years but not by enough to help put the world on track to limit global warming, according to a new study suggesting the government should bring the country’s biggest-emitting sector into the NZ emissions trading scheme.

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NZ Market: NZUs recover as supply fades

Published 07:02 on November 25, 2016  /  Last updated at 07:02 on November 25, 2016  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances have clawed back some lost ground in recent days as much of the speculative supply that fuelled the recent downturn has vanished.

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