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NZ Market: NZUs hold steady as supply dries up

Published 13:55 on September 17, 2018  /  Last updated at 22:44 on September 17, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances made minor gains further above NZ$25 on Monday as supply has dried up amid expectations of further price hikes.

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NZ Market: NZUs marginally weaker, but seen likely to hold above NZ$25

Published 10:45 on September 12, 2018  /  Last updated at 02:37 on September 13, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell slightly on Wednesday, slipping for a second consecutive day even though market participants expect the spot contract to hold above NZ$25.

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NZ Market: NZUs extend highs again as market looks ahead

Published 09:52 on September 10, 2018  /  Last updated at 08:04 on September 11, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Monday continued their upwards march, although the recent bullish momentum has slowed and volumes have dropped.

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NZ Market: NZUs creep to new highs but momentum dwindles amid lingering uncertainty

Published 10:17 on September 5, 2018  /  Last updated at 22:22 on September 5, 2018  /  Asia Pacific, New Zealand  /  No Comments

NZUs edged up 5 cents on Wednesday to hit yet another all-time high, but the recent strong upward trend has run out of steam as emitters are wary about the market going much higher than the fixed price option level.

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New Zealand’s productivity watchdog backs strong ETS reform

Published 09:36 on September 4, 2018  /  Last updated at 22:42 on September 4, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s Productivity Commission on Tuesday released a government-commissioned report on how to shift to a low-carbon economy, backing efforts to reform the emissions trading scheme and set a price on emissions from agriculture.

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NZ Market: NZUs stay strong as observers eye new loophole for foresters

Published 10:46 on September 3, 2018  /  Last updated at 23:33 on September 3, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell marginally on Monday but remained above the NZ$25 price ceiling, causing some observers to speculate whether foresters that have joined the ETS voluntarily might pull out of the scheme to bank their profits.

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New Zealand must reduce methane emissions to avoid further climate harm -watchdog

Published 10:46 on August 30, 2018  /  Last updated at 19:53 on August 30, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand must cut methane emissions from livestock – one of its biggest sources of GHG emissions – by as much as 22% below 2016 levels to avoid having further impact on global climate change, the parliamentary commissioner on the environment said Thursday.

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NZ Market: NZUs trade above price ceiling as emitters rush to bank permits

Published 09:25 on August 30, 2018  /  Last updated at 19:17 on August 30, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits on Thursday traded above the NZ$25 fixed price option for the first time ever, as emitters sought to pick up as many as possible for future use amid expectations that the ceiling will increase and prices continue to rise.

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NZ Market: NZUs hit record highs again as bullish sentiment continues to build

Published 10:50 on August 28, 2018  /  Last updated at 23:11 on August 28, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances set yet another record high on Tuesday as policy fundamentals continue to suggest prices will go even higher in the future.

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NZ Market: NZUs take another step towards NZ$25 ceiling

Published 11:07 on August 23, 2018  /  Last updated at 00:23 on August 24, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances reached NZ$24.65 ($16.45) on Thursday, just 35 cents below the government’s fixed price option, with some market participants expecting to see trades above that level soon.

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