NZ Market: NZU price remains rangebound, as minister expands portfolio
New Zealand carbon allowances remain below the auction price floor with little movement expected until the next government auction in March, as the country’s climate minister has been given a broader remit in a cabinet shakeup.
Read MoreNew Zealand carbon permit stockpile shrinks by almost 10 mln in 2024
The number of carbon allowances for the New Zealand emissions trading scheme in the country’s registry shrank by almost 10 million last year as the several failed quarterly auctions meant the permits used for compliance were not fully replaced.
Read MoreBeverage giant launches third round of APAC emissions reduction innovation grant programme
A global food and beverage multinational has kicked off its third annual sustainability incubator programme, offering grants to pilot projects focussed on sustainable agriculture, climate tech, and GHG emissions reduction.
Read MoreNZ Market: NZU price reaches one-month high in first session of the year
New Zealand Unit (NZU) prices inched up in the market’s first trading session of 2025, when the new auction settings and price controls officially take effect.
Read MoreNew Zealand appeals court dismisses climate change inaction case against govt
New Zealand’s Court of Appeals has struck out a long-running case against the government over its failure to act on climate change, but left the door open for rights-based climate cases in the country.
Read MoreNew Zealand seeks views on how to encourage native afforestation on govt land
The New Zealand government is seeking expressions of interest to partner with the private sector to plant native trees on Crown-owned land, without adding extra forestry to the emissions trading scheme.
Read MoreEY report estimates surplus NZUs at 22% lower than govt assessment
The number of surplus units in New Zealand’s emissions trading scheme is around 22% lower than government figures suggest,though regulators should be cautious about adjusting ETS auction volumes based on this finding, according to consultants EY.
Read MoreFree NZU allocation to New Zealand’s largest gas user distorting the market, report says
The free allocation of New Zealand Units (NZUs) to methanol producer Methanex could be keeping its facility afloat, but is distorting the dynamics of the country’s emissions trading scheme, a report said Tuesday.
Read MoreNew Zealand confirms new ETS forestry charge
The New Zealand government confirmed Tuesday it will set the annual charge for forest owners in the country’s emissions trading scheme (ETS) to NZ$14.90 ($8.60) per hectare.
Read MoreNew Zealand’s Fonterra to switch out coal for 9% emissions drop
Dairy giant Fonterra has announced a new decarbonisation project to convert two coal-fired boilers to using low-carbon wood pellets at its South Island operations in South Canterbury, New Zealand expected to make a significant dent in its emissions.
Read More