NZ Market: NZUs hone in on FPO level as buying interest pushes up prices
New Zealand carbon allowances gained another 2.1% in Thursday trade, pushing prices to within touching distance of the NZ$25 fixed price option.
Read MoreCarbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown
*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.
Read MoreNew Zealand emitters get 4-week extension on ETS reporting
Companies covered by the New Zealand emissions trading scheme can get a four-week extension on the Mar. 31 deadline to report 2019 emissions amid the coronavirus outbreak, the EPA said on Tuesday.
Read MoreNZ Market: NZUs in slow recovery as demand returns
New Zealand carbon allowances rose 3.5% in Monday trade amid healthy demand, and have now clawed back over a third of the COVID-19 driven losses suffered over the past two weeks.
Read MoreNZ Market: Price correction ends six days of losses for NZUs
New Zealand allowances edged up 30 cents in Wednesday trade after previously posting losses over six consecutive sessions, as some market participants said the rapid fall had been an overreaction.
Read MoreEmissions trading expands globally on more climate ambition -report
Emissions trading systems covered just under 9% of the world’s total GHG emissions in 2020, increasing their global coverage as climate ambition grows and governments consider net zero emission targets, a report published on Tuesday found.
Read MoreNZ Market: NZUs at 20-mth lows amid persisting sell-offs, doubts over policy reforms
New Zealand carbon allowances fell another 2.2% on Tuesday, as traders continued to offload volumes ahead of the impending shutdown of the economy, while some expressed doubts the government will now carry out expected ETS market reforms.
Read MoreNZ Market: NZUs plunge to 9-mth lows as PM orders national shutdown
NZUs continued their downward trend on Monday after Prime Minister Jacinda Ardern announced a shutdown of all non-essential services from Wednesday in a bid to prevent the COVID-19 virus taking hold.
Read MoreNZ Market: NZUs hammered in fourth consecutive session
New Zealand carbon allowances continued to fall in Friday trade, shedding almost a dollar to hit their lowest levels in eight months as traders unloaded positions.
Read MoreMajor climate conference nixed over coronavirus
A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.
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