NZ Market: NZU price remains rangebound, as minister expands portfolio  

Published 06:26 on January 20, 2025  /  Last updated at 06:26 on January 20, 2025  / /  Asia Pacific, New Zealand

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 More

New Zealand carbon permit stockpile shrinks by almost 10 mln in 2024

Published 05:41 on January 15, 2025  /  Last updated at 05:41 on January 15, 2025  / /  Asia Pacific, New Zealand

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 More

Beverage giant launches third round of APAC emissions reduction innovation grant programme

Published 02:00 on January 9, 2025  /  Last updated at 23:41 on January 8, 2025  / /  Asia Pacific, Australia, China, Japan, New Zealand, Other APAC, South Korea

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 More

NZ Market: NZU price reaches one-month high in first session of the year

Published 05:44 on January 3, 2025  /  Last updated at 05:44 on January 3, 2025  / /  Asia Pacific, New Zealand

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 More

New Zealand appeals court dismisses climate change inaction case against govt

Published 05:31 on December 20, 2024  /  Last updated at 05:31 on December 20, 2024  / /  Asia Pacific, New Zealand

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 More

New Zealand seeks views on how to encourage native afforestation on govt land

Published 07:28 on December 19, 2024  /  Last updated at 07:28 on December 19, 2024  / /  Asia Pacific, New Zealand

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 More

EY report estimates surplus NZUs at 22% lower than govt assessment

Published 06:18 on December 18, 2024  /  Last updated at 06:18 on December 18, 2024  / /  Asia Pacific, New Zealand

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 More

Free NZU allocation to New Zealand’s largest gas user distorting the market, report says

Published 07:41 on December 17, 2024  /  Last updated at 07:41 on December 17, 2024  / /  Asia Pacific, New Zealand

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 More

New Zealand confirms new ETS forestry charge

Published 05:25 on December 17, 2024  /  Last updated at 05:25 on December 17, 2024  / /  Asia Pacific, New Zealand

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 More

New Zealand’s Fonterra to switch out coal for 9% emissions drop

Published 07:46 on December 12, 2024  /  Last updated at 07:46 on December 12, 2024  / /  Asia Pacific, Australia, New Zealand

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