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NZ Market: NZUs soar to fresh highs as climate commission doubles down on higher auction price settings

Published 04:23 on June 9, 2021  /  Last updated at 07:40 on June 9, 2021  /  Asia Pacific, International, New Zealand  /  No Comments

New Zealand carbon allowances soared past NZ$40 ($28.81) to new record high levels on Wednesday, following the release of the independent Climate Change Commission’s final advice to the government on the country’s carbon budgets out to 2035.

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NZ Market: NZUs climb to 11-wk high as FPO becomes history

Published 09:40 on June 4, 2021  /  Last updated at 09:40 on June 4, 2021  /  Asia Pacific, New Zealand  /  No Comments

New Zealand allowances on Friday closed above NZ$38 ($27.18) for the first time since before the March auction, rising after ETS participants earlier this week finalised 2020 compliance and the NZ$35 fixed price option became a thing of the past.

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World sees 18% increase in global carbon pricing revenue in 2020 -World Bank

Published 18:29 on May 25, 2021  /  Last updated at 20:24 on May 25, 2021  /  Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, China's National ETS, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Zealand, REDD, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

Government revenue from global carbon pricing instruments swelled by almost a fifth last year as programmes largely withstood the impact of the coronavirus crisis, according to an annual report released Tuesday by the World Bank.

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New Zealand commits to reinvesting NZU auction revenue in carbon-cutting projects

Published 08:55 on May 20, 2021  /  Last updated at 08:55 on May 20, 2021  /  Asia Pacific, New Zealand  /  No Comments

New Zealand will use future revenue from its quarterly sales of carbon allowances under its emissions trading scheme towards investing in projects that will further cut greenhouse gases, the government said Thursday as part of its annual budget.

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COMMENT: Financing carbon dioxide removals – what role for ETS in the race to net zero?

Published 12:40 on May 18, 2021  /  Last updated at 12:40 on May 18, 2021  /  Americas, Asia Pacific, Canada, China's National ETS, Conversations, EMEA, EU ETS, International, New Market Mechanisms, New Zealand, REDD, South Korea, Switzerland, UK ETS, US, Views, Voluntary Market  /  No Comments

Carbon pricing and specifically emissions trading systems can play an important role in incentivising removals necessary for achieving Paris Agreement emissions targets, according to the ICAP Secretariat.

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UK plans for in-person COP26 climate summit, explores COVID safeguards

Published 12:27 on May 14, 2021  /  Last updated at 21:13 on May 14, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The UK is planning on host the COP26 UN climate negotiations as an in-person summit in Glasgow in November and is considering various ways of ensuring protection against the coronavirus pandemic, the meeting’s president Alok Sharma said on Friday.

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NZ Market: NZUs slip to three-week low amid FPO’s last dance

Published 11:22 on May 10, 2021  /  Last updated at 11:22 on May 10, 2021  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances have slid to a three-week low as demand slumps in the run-up to the May 31 compliance deadline, emitters’ last ever chance to take advantage of the fixed price option (FPO).

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IncubEx fundraise values environmental markets platform at $161 mln ahead of London IPO

Published 23:53 on May 4, 2021  /  Last updated at 00:27 on May 5, 2021  /  Americas, Bavardage, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, RINs & LCFS, UK ETS, US, Voluntary Market  /  No Comments

Environmental markets platform IncubEx has raised $11.7 million in its latest fundraising round, valuing the company at $161 mln ahead of an expected IPO in London later this year.

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New Paris climate pledges to help cut projected warming to 2.4C -scientists

Published 11:54 on May 4, 2021  /  Last updated at 11:54 on May 4, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, US  /  No Comments

The new climate pledges announced during April’s US-led climate summit are projected to put the world on track for global warming of 2.4C above pre-industrial levels, a report published Tuesday showed, reflecting a drop from 2.6C previously but still far off the Paris Agreement’s 1.5-2C goals.

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Germany, Russia sign MoU to ship hydrogen via controversial gas pipeline

Published 18:28 on April 30, 2021  /  Last updated at 18:31 on April 30, 2021  /  Africa, Americas, Asia Pacific, Australia, China, EMEA, International, Middle East, New Zealand, South & Central, South Korea, Switzerland, US  /  No Comments

Germany and Russia have signed a €2 billion memorandum of understanding (MoU) to leverage the controversial gas pipeline Nord Stream 2 for the eventual distribution of hydrogen, even as the European Parliament called for the project to be halted due to rising tensions with Moscow.

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