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NZ Market: NZUs slide to 5-week low as verification deadline nears

Published 10:03 on March 15, 2017  /  Last updated at 17:10 on March 15, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell 15 cent in Wednesday trade to hit their lowest levels since Feb. 9, with emitters focused on finalising their verified 2016 emissions reports ahead of the Mar. 31 deadline.

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New NZ party pledges ETS reform, high carbon prices and no international offsets

Published 10:24 on March 10, 2017  /  Last updated at 10:24 on March 10, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand philanthropist Gareth Morgan on Friday outlined his new political party’s climate change policy platform ahead of the Sep. election, pledging to reform the emissions trading scheme, permanently close it off from international offsets and cancel nearly 100 million surplus government carbon credits.

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NZ Market: NZUs slide to 2-week low in hesitant market

Published 08:50 on March 1, 2017  /  Last updated at 13:58 on March 1, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell to their lowest levels since Feb. 13 on Wednesday as emitters remain hesitant to push prices up during government stakeholder consultations on potentially crucial changes to the scheme.

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NZ Market: NZUs barely budge but hold above NZ$18

Published 09:55 on February 24, 2017  /  Last updated at 15:33 on February 24, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances have traded in a narrow range for two weeks running but are holding above the NZ$18 ($13) level as major sellers remain on the fence.

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REPORT: Emissions Trading Worldwide – ICAP Status Report 2017

Published 15:49 on February 15, 2017  /  Last updated at 15:49 on February 15, 2017  /  Americas, Asia Pacific, Canada, China, China's National ETS, China's Pilot Markets, Climate Talks, Conversations, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, New Zealand, South Korea, Switzerland, US, Views  /  No Comments

The International Carbon Action Partnership’s Status Report 2017, released on Feb. 15, provides a testament to the evolution of emissions trading from textbook assumptions to the real world. With the launch of China’s national ETS later this year, carbon markets will operate in economies generating close to half of the world’s GDP and covering more than 15% of global emissions.

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NZ Market: NZUs climb to 3-month high as demand returns

Published 09:24 on February 14, 2017  /  Last updated at 11:23 on February 14, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Tuesday rose to their highest level since November as the market slowly returns from its holiday slumber and the government reaffirmed its intention to tighten up the emissions trading scheme.

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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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