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Major NZ emitters set up joint firm to build carbon portfolio

Published 03:13 on March 14, 2019  /  Last updated at 08:58 on March 14, 2019  /  Asia Pacific, New Zealand  /  No Comments

Four major GHG emitters have teamed up to establish a joint company that will build up a forestry-based carbon portfolio to help meet their obligations under New Zealand’s emissions trading scheme.

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NZ Market: NZUs extend gains, close in on record high

Published 09:57 on March 13, 2019  /  Last updated at 00:23 on March 14, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits gained another 0.4% in Wednesday trade to hit a 4-month high, approaching the market’s all-time record level.

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NZ Market: NZUs rise to 1-month high on healthy demand

Published 09:05 on March 12, 2019  /  Last updated at 09:05 on March 12, 2019  /  Asia Pacific, New Zealand  /  No Comments

Interest in New Zealand carbon allowances flared up on Tuesday, pushing the spot contract up 15 cents to close at its highest level in a month.

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ANALYSIS: Using Kyoto credits for Paris is risky home and abroad for Australia’s Labor

Published 10:01 on March 6, 2019  /  Last updated at 13:25 on March 6, 2019  /  Asia Pacific, Australia, Climate Talks, International, New Zealand  /  No Comments

Australia is within its rights to use carryover Kyoto credits to meet its Paris goals, but experts find it hard to believe a Labor government would do so because the move would be seen internationally as undermining the Paris Agreement.

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Brokers flag potential for ETS surprise in New Zealand’s upcoming budget

Published 10:31 on February 28, 2019  /  Last updated at 10:31 on February 28, 2019  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand government could opt to rush through ETS changes in its budget on May 30 depending on how many companies pay the NZ$25 fixed price option ahead of the 2018 compliance deadline a day later, according to brokers OM Financial.

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New Zealand tax commission backs expanded carbon pricing, stronger price guidance

Published 10:52 on February 21, 2019  /  Last updated at 10:52 on February 21, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand should price carbon emissions for all sectors and make its emissions trading scheme more ‘tax-like’ by providing stronger price guidance, a government-appointed committee tasked with reforming the nation’s tax system said Thursday.

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Top NZ carbon market expert leaves to take up US role

Published 09:37 on February 19, 2019  /  Last updated at 01:13 on February 20, 2019  /  Americas, Asia Pacific, Bavardage, New Zealand, US  /  No Comments

One of New Zealand’s top emissions trading experts and a member of the government’s interim Climate Change Commission is leaving to take up a position in New York.

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NZ Market: NZUs jump to 2-month high on firm demand

Published 09:34 on February 12, 2019  /  Last updated at 02:26 on February 13, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Tuesday rose 1% to their highest since mid-December, as demand around the fixed price option level remained firm while available supply was scarce.

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NZ Market: NZUs dip below NZ$25 on small-clip supply

Published 09:20 on February 5, 2019  /  Last updated at 23:17 on February 5, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell below the NZ$25 ($17.21) threshold on Tuesday for the first time in nearly three weeks as small batches of supply from forest-owners became available.

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NZ Market: NZUs unmoved above NZ$25 to make fixed price option attractive

Published 09:43 on January 29, 2019  /  Last updated at 22:58 on January 29, 2019  /  Asia Pacific, New Zealand  /  No Comments

NZUs have barely budged over the past week amid firm demand, making the NZ$25 fixed price option an increasingly tempting way for emitters to meet their 2018 obligations.

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