Top

VCM Report: Damning reports on REDD+ crush prices as buyers retreat

Published 19:38 on January 23, 2023  /  Last updated at 19:39 on January 23, 2023  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary  /  No Comments

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 More
Top

NZ Market: NZU price slides to six-month low on gloomy outlook

Published 03:55 on January 16, 2023  /  Last updated at 04:30 on January 16, 2023  /  Asia Pacific, New Zealand  /  No Comments

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 More
Top

NZ farmers must wait to receive NZUs for on-farm sequestration, govt report says 

Published 06:18 on December 21, 2022  /  Last updated at 06:18 on December 21, 2022  /  Asia Pacific, New Zealand  /  No Comments

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 More
Top

New Zealand proposes to apply “lowest possible” cost on agricultural emissions

Published 03:24 on December 21, 2022  /  Last updated at 03:24 on December 21, 2022  /  Asia Pacific, Carbon Taxes, New Zealand  /  No Comments

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 More
Top

NZ Market: NZU price drops 12% in reaction to “status quo” ETS price settings

Published 03:57 on December 16, 2022  /  Last updated at 05:52 on December 16, 2022  /  Asia Pacific, New Zealand  /  No Comments

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 More
Top

New Zealand releases ETS price control settings, ignores Climate Change Commission recommendations

Published 06:01 on December 15, 2022  /  Last updated at 01:17 on December 16, 2022  /  Asia Pacific, New Zealand  /  No Comments

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 More
Top

INTERVIEW: Scalable, affordable DAC technology much closer than govts think, project proponent says

Published 07:32 on December 13, 2022  /  Last updated at 07:35 on December 13, 2022  /  Asia Pacific, International, New Zealand, Voluntary  /  No Comments

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 More
Top

UPDATE – NZUs dip below NZ$80 mark in final 2022 auction

Published 23:26 on December 6, 2022  /  Last updated at 01:03 on December 7, 2022  /  Asia Pacific, New Zealand  /  No Comments

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 More
Top

PREVIEW: Secondary market muted on expectations NZU auction price might clear at NZ$70

Published 06:30 on December 5, 2022  /  Last updated at 06:30 on December 5, 2022  /  Asia Pacific, New Zealand  /  No Comments

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 More
Top

NZ Market: NZU price dives as govt yet to make a decision on ETS price settings

Published 08:56 on December 2, 2022  /  Last updated at 08:56 on December 2, 2022  /  Asia Pacific, New Zealand  /  No Comments

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.

Read More