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NZ environment ministry likely to take interim role as ETS auction monitor

Published 09:40 on October 26, 2020  /  Last updated at 09:41 on October 26, 2020  /  Asia Pacific, New Zealand  /  No Comments

The Ministry for the Environment looks set to take up an interim role as auction monitor in New Zealand’s emissions trading scheme, as the COVID-19 pandemic has delayed the process of developing regulations for a permanent monitor, according to newly-released internal government documents.

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NZ Market: NZUs close at record level as election brings upwards momentum

Published 06:18 on October 22, 2020  /  Last updated at 06:18 on October 22, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances closed at their highest-ever level on Thursday as the election result has injected some positive momentum into the market.

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NZX, EEX win bid to operate New Zealand carbon auctions

Published 02:28 on October 21, 2020  /  Last updated at 21:28 on October 21, 2020  /  Asia Pacific, Bavardage, New Zealand  /  No Comments

New Zealand’s NZX and Germany-based EEX have been picked to develop and operate the platform that will handle carbon allowance auctions in New Zealand.

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New Zealand election: What’s at stake for the ETS?

Published 09:16 on October 15, 2020  /  Last updated at 23:40 on October 16, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealanders go to the polls this Saturday and while it looks like Prime Minister Jacinda Ardern will win re-election by a landslide, the specifics of the results may still have important impacts on how the government handles the emissions trading scheme over the next three years.

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NZ Market: NZUs slink to 3-week low as floor price tempers demand

Published 10:28 on October 6, 2020  /  Last updated at 23:22 on October 6, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances notched their sixth consecutive session of losses on Tuesday as the NZ$35 fixed price option (FPO) curbs appetite to buy at or above that level.

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New Zealand sets carbon auction dates, volumes for 2021

Published 04:14 on September 30, 2020  /  Last updated at 04:56 on October 5, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand has released its NZU auction schedule for 2021, confirming that the first ever government-organised allowance sale will be held next March.

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New Zealand PM says will try to extend life of major emitter

Published 05:17 on September 28, 2020  /  Last updated at 23:09 on September 28, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand Prime Minister Jacinda Ardern on Monday said she would try to extend the operation of Rio Tinto’s aluminium smelter by 3-5 years, potentially a bullish signal for NZU prices as the plant is one of the biggest emitters in the nation’s emissions trading scheme.

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NZ Market: NZUs stuck at FPO level as trading grinds to a halt

Published 10:12 on September 25, 2020  /  Last updated at 17:59 on September 25, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances have been stuck a few cents above the fixed price option (FPO) all week, with trading activity slowing to a trickle as buyers hesitate to pay more while sellers hold back in anticipation of higher prices later.

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NZ Market: NZUs break through price ceiling as financiers forced to report climate risks

Published 07:29 on September 15, 2020  /  Last updated at 01:24 on September 16, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Tuesday traded above the NZ$35 fixed price option (FPO) for the first time ever, as a mix of patchy supply and policy uncertainty continued to fuel bullish sentiment.

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NZ Market: NZUs close in on price ceiling as supply remains patchy

Published 11:01 on September 14, 2020  /  Last updated at 23:31 on September 14, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances hit a record high on Monday for the third time in four sessions, closing in on the NZ$35 fixed price option as available supply remained hard to come by.

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