New Zealand wins cautious support for carbon credit plan
New Zealand’s ETS consultation process has drawn support for allowing ETS companies to buy a limited amount of carbon credits from abroad, but a significant minority wanted restrictions such as having the government make the purchases or banning international units outright.
Read MoreNew Zealand reiterates need for ETS reform as emissions rise again in 2017
New Zealand’s gross GHG emissions rose 2.2% in 2017, government data showed Thursday, sparking fresh vows from Climate Change Minister James Shaw to reform the nation’s emissions trading scheme and put in place legislation to bring carbon output to zero by mid-century.
Read MoreNew Zealand appoints carbon market expert in climate ambassador role
New Zealand has made a seasoned carbon market negotiator its new climate change ambassador.
Read MoreNZ Market: NZUs extend gains as emitters hedge against fixed price risk
New Zealand carbon allowances moved higher again in Monday trade amid healthy demand from emitters looking to hedge against the risk of the NZ$25 fixed price option changes.
Read MoreAustralian, NZ investors call for zero emission targets, carbon pricing
Investors in Australia and New Zealand are calling on their governments to design durable climate policies using carbon pricing as a tool to align with the Paris Agreement and set long-term zero emission targets.
Read MoreNZ announces changes to forestry accounting that could free up NZU supply
The New Zealand government on Wednesday announced it will introduce averaging accounting for foresters in the ETS, a move that could free up additional supply as forest-owners face fewer risks.
Read MoreNZ minister dismisses proposal to restrict forestry NZU use in ETS
Climate minister James Shaw on Tuesday dismissed a proposal from a parliamentary watchdog to ban fossil fuel companies from using forestry-based carbon allowances in New Zealand’s ETS.
Read MoreNZ firm puts carbon forest on the market
A New Zealand company is seeking buyers for a forest property that comes with a batch of more than 600,000 carbon allowances.
Read MoreICAP Status Report 2019: Emissions Trading Worldwide
Carbon Pulse partner ICAP has published its annual Status Report “Emissions Trading Worldwide”. The 2019 edition provides a comprehensive overview of the latest developments and design elements of all ETS in operation, scheduled and under consideration around the world.
Read MoreMinister gives clearest indication yet that NZ govt wants agriculture in ETS
New Zealand Finance Minister Grant Robertson on Friday said the government will bring the nation’s biggest-emitting sector into its ETS, causing NZU prices to jump to a new four-month high.
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