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NZ Market: Traders in bullish mood as carbon market reform kicks in

Published 07:40 on January 14, 2021  /  Last updated at 09:13 on January 14, 2021  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances traded at record high levels on Thursday, as traders returning from holidays grappled with a reformed market.

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BRIEFING: International emissions trading pilots see fourfold funding gain ahead of Paris rulebook

Published 10:08 on December 22, 2020  /  Last updated at 22:55 on December 22, 2020  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, South Korea, Switzerland  /  No Comments

Governments have committed $1.37 billion towards international emissions trading pilot programmes to help meet Paris Agreement goals, according to a report that charts a fourfold rise in finance inside 18 months.

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New Zealand makes U-turn on carbon auction technical reserve price

Published 02:47 on December 22, 2020  /  Last updated at 22:59 on December 22, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand will opt for a technical reserve price at its NZU auctions after all, Climate Change Minister James Shaw has said, a move intended to ensure government sale prices don’t drop far below secondary market levels.

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Senior carbon trader leaves NZ energy firm

Published 06:31 on December 16, 2020  /  Last updated at 09:00 on December 16, 2020  /  Asia Pacific, Bavardage, Conversations, New Zealand  /  No Comments

A veteran emissions trader has left one of the biggest emitters participating in New Zealand’s carbon market.

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Climate Ambition Summit: World leaders strengthen pledges, celebrate Paris anniversary

Published 15:04 on December 12, 2020  /  Last updated at 20:53 on December 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, 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

Over 70 world leaders addressed the Climate Ambition Summit on Saturday, a one-day virtual forum aimed at building momentum for raising national pledges to the 2015 UN Paris Agreement ahead of the pact taking effect next year.

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Genesis emissions pledge to dampen NZU demand

Published 12:07 on December 9, 2020  /  Last updated at 18:18 on December 9, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s biggest thermal power generator on Wednesday announced new climate targets that could eliminate more than 2% of annual NZU demand by 2025.

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NZ Market: Record NZU run continues unabated as sellers step back

Published 10:21 on December 8, 2020  /  Last updated at 21:05 on December 8, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Tuesday notched a fifth straight day of record high prices, with spot NZUs firming almost 5% over the period as willing sellers remain elusive.

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NZ Market: NZUs notch record high price for third consecutive day as momentum returns

Published 07:41 on December 4, 2020  /  Last updated at 17:39 on December 4, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances have risen 2.2% over the past three trading sessions as demand returned to the market ahead of the far-reaching ETS reforms entering into force next month.

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NZ Market: NZUs hit NZ$36 as market continues slow march into unchartered territory

Published 08:47 on December 2, 2020  /  Last updated at 09:46 on December 2, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances rose to a fresh record high on Wednesday after a two-week pause as the market remains bullish on long-term trends.

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Bilateral deals, not talks, likely to shape Article 6 emissions trade rules -NZ minister

Published 08:38 on November 26, 2020  /  Last updated at 23:04 on November 26, 2020  /  Asia Pacific, Climate Talks, International, New Zealand  /  No Comments

Rules for international emissions trade under the Paris Agreement’s Article 6 are more likely to emerge from bilateral deals rather than via UN climate negotiations, according to New Zealand’s Climate Change Minster James Shaw.

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