VCM Report: Damning reports on REDD+ crush prices as buyers retreat
REDD+ avoided deforestation credit prices continued to sink over the past week in the wake of damning reports published in national newspapers about widespread over-crediting in the sector.
Read MoreNZ Market: NZU price slides to six-month low on gloomy outlook
The secondary price for NZUs in New Zealand’s ETS has hit a six month low in recent days, as recent government announcements indicate it aims to keep prices low due to inflationary and political pressures.
Read MoreNZ farmers must wait to receive NZUs for on-farm sequestration, govt report says
While New Zealand will allow all scientifically robust forms of sequestration in its ETS from 2025, a government report has cautioned it will be some time after that before landholders are likely to be rewarded with NZUs.
Read MoreNew Zealand proposes to apply “lowest possible” cost on agricultural emissions
The New Zealand government has detailed how it would price agriculture emissions, making further concessions to the primary sector as it attempts to balance what is practical to implement, politically palatable, and effective in cutting pollution.
Read MoreNZ Market: NZU price drops 12% in reaction to “status quo” ETS price settings
The spot price for NZUs fell by almost 13% to NZ$75 ($47.66) on Friday in reaction to the government keeping the ETS price settings mostly as is, bar slight adjustments for inflation.
Read MoreNew Zealand releases ETS price control settings, ignores Climate Change Commission recommendations
The New Zealand government on Thursday announced the country’s emissions trading scheme price settings between 2023-27, keeping much of the existing architecture in place and making only a marginal increase to the Cost Containment Reserve trigger price despite the recommendation from the Climate Change Commission to more than double it.
Read MoreINTERVIEW: Scalable, affordable DAC technology much closer than govts think, project proponent says
The developer of a Direct Air Capture (DAC) project in New Zealand says the technology is maturing at a much faster rate than previously expected by governments, urging them to begin regulatory planning in order to reap the benefits it could potentially provide.
Read MoreUPDATE – NZUs dip below NZ$80 mark in final 2022 auction
New Zealand on Wednesday sold all the allowances on offer at the final ETS auction of the year, with the sale clearing below NZ$80 ($50.57) amid a slight dip in demand.
Read MorePREVIEW: Secondary market muted on expectations NZU auction price might clear at NZ$70
NZU buyers appear to be anticipating they will pick up a bargain at Wednesday’s ETS auction compared to current secondary prices, market participants said Monday, amid growing frustration of the government’s indecision on next year’s price settings.
Read MoreNZ Market: NZU price dives as govt yet to make a decision on ETS price settings
The price for New Zealand carbon allowances closed lower on Friday, with the government yet having to announce which price settings it will adopt for the emissions trading scheme next year.
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