NZ Market: NZUs trade higher as forestry tug-of-war continues
The New Zealand carbon allowance price has climbed upwards in recent days and is breaking free of its rangebound trend, as the forestry sector is blamed for driving down sheep flock numbers.
Read MoreADB proposes carbon price multiplier system for Asia Pacific to handle CBAM
Countries in the Asia Pacific region should consider a mechanism to multiply carbon prices for EU-destined goods to align them with European CO2 costs to reduce the impacts of the Carbon Border Adjustment Mechanism (CBAM), the Asian Development Bank (ADB) said Friday.
Read MoreDeclining gas reserves could boost NZ emissions, underpin short-term NZU demand
A drop in New Zealand’s gas reserves could see an increase in coal-burn for power generation and industrial processes in the short term, market experts have warned, leading to a rise in emissions and stronger demand for carbon allowances.
Read MoreScientists warn New Zealand PM on agricultural emissions accounting
A group of climate scientists have sent an open letter to New Zealand Prime Minister Christopher Luxon, warning him that changing how the country accounts for biogenic methane emissions risks jeopardising its Paris Agreement commitments.
Read MoreNZ govt proposes to keep ETS auction volumes at current settings
The New Zealand government has put forward the option to ignore advice from the Climate Change Commission (CCC) to boost auction volumes at the end of the decade, in its annual consultation on ETS price controls and settings.
Read MoreNZ government moves to tighten ETS oversight
New Zealand’s government has announced changes to the governance of the country’s emissions trading scheme in a bid to reduce the risk of market misconduct.
Read MoreNZ budget shows govt not serious about meeting 2030 NDC, legal group says
A prominent New Zealand legal group has questioned the government’s seriousness about meeting its 2030 international climate targets, given its latest budget provides no funding to purchasing overseas carbon credits.
Read MoreNew Zealand budget slashes funding for construction of voluntary carbon market
New Zealand released its 2025 national budget Thursday, cutting annual funding for building a domestic voluntary carbon market by 35% while allocating NZ$200 million ($118.6 mln) for natural gas development amid a steep decline in domestic supply in recent years.
Read MoreNew Zealand forecasts lower ETS shortfall
New Zealand on Monday updated its annual five-yearly forecast on supply and demand in its emissions trading scheme, slightly adjusting down the expected shortfall in permits compared to last year.
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