NZ carbon market changes tipped to drive new participants, products
The looming entry into force of New Zealand’s ETS reforms could spur new products and potentially draw new participants into the 12-year old carbon market, a conference heard Thursday.
Read MoreNZ to face ‘shocking’ carbon budgets, more ambitious Paris contribution -climate minster
New Zealand’s Climate Change Commission is expected to recommend an increase in the country’s Paris target, according to climate minister James Shaw, adding to a challenge the government already thinks it will need to buy international carbon credits to achieve.
Read MoreNew Zealand ups fixed price option, sets inaugural ETS cap
New Zealand on Tuesday confirmed it will increase the fixed price option in its emissions trading scheme to NZ$35 in 2020, and announced a total cap for the market for 2021-25 that has swelled by 9 MtCO2e since its previous proposal.
Read MoreFEATURE: Net zero-driven carbon credit demand set to reshape offset market
Demand for carbon offset credits is set to rise as governments and businesses seek to make good on pledges to achieve net zero emissions in the future, but the market itself will also change dramatically, according to experts.
Read MoreCountries should consider pausing global carbon market talks -NZ minister
Disputes over the rules for the markets chapter of the Paris Agreement may not be reconcilable and countries should consider pressing pause on these talks for a few years, New Zealand’s climate minister James Shaw said Wednesday.
Read MoreNZ names Climate Change Commission members
New Zealand on Tuesday named the panel of experts that will make up the country’s newly-established Climate Change Commission.
Read MoreVeteran climate lawyer launches climate investment and advisory business
A veteran climate policy and carbon market lawyer has launched a climate change advisory and investment business, aiming to raise $3 billion across investment funds to facilitate the transition to a net-zero and climate resilient future.
Read MoreNew Zealand PM firm on need for agriculture emission cuts amid ETS talks
New Zealand Prime Minister Jacinda Ardern on Wednesday reiterated the need to reduce carbon emissions from agriculture and the opportunities such action might bring, speaking amid a domestic row that is delaying plans for how to bring the sector into the NZ emissions trading scheme.
Read MoreArticle 6 failure at COP25 could force bilateral carbon market links, experts say
Failure to agree on rules for Article 6 at this year’s UN climate talks in Chile could see countries like Australia and New Zealand forging their own bilateral links to get access to the international credits they need to fulfil their Paris Agreement pledges, market experts warned Wednesday.
Read MoreNew Zealand government names climate commission chair-designate
New Zealand climate change minister James Shaw announced the chairperson of the country’s independent Climate Change Commission on Tuesday.
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