NZ’s ruling National Party takes most votes in election stalemate, dashing hopes of radical ETS reform
New Zealand’s parliamentary election ended in stalemate on Saturday, with the ruling National Party taking 46% of votes to top Labour and kill their plan to radically reform the country’s carbon market.
Read MoreNZ Market: NZUs extend losses ahead of Saturday election
New Zealand carbon allowances fell another 10 cents on Thursday as uncertainty continues to reign about the prospects for the market after this weekend’s elections.
Read MoreNZ Market: NZUs drop to 3-wk low as traders exercise caution ahead of close election
New Zealand carbon allowances fell 10 cents on Tuesday to close at a three-week low as traders have grown somewhat cautious over the outcome of the upcoming election.
Read MoreNo benefit in ditching NZ ETS for carbon tax, MPs told
Scrapping the New Zealand emissions trading scheme in favour of a carbon tax would still leave the nation’s GHG reduction achievements dependant on political will, while possibly delaying those cuts and damaging government credibility, a group of MPs have been told.
Read MoreNZ Market: NZUs soften as election outcome becomes hard to call
New Zealand carbon permits closed slightly weaker on Thursday as next week’s hard-to-call election has injected some caution into the market.
Read MoreNZ Market: NZUs climb back to year-highs as momentum picks up
New Zealand carbon allowances on Monday rose 10 cents, climbing back towards their highest levels of 2017 seen earlier this month, as bullish sentiment lingers ahead of the general election.
Read MorePoll-leading NZ Labour would ease agriculture into ETS, softening impact
The New Zealand Labour party, which is pulling further ahead in election polls, said it would hand out almost all of agriculture’s carbon permits for free initially, likely dampening the impact of bringing the nation’s biggest-emitting sector into the ETS.
Read MoreNZ Market: NZUs see second day of minor losses
New Zealand carbon allowances edged south again on Wednesday as some sellers might be seeking to lock in profits, but prices remained near recent year-high levels.
Read MoreNZ Market: NZUs see minor correction, but bullish sentiment lingers
After more than three weeks of steady gains, New Zealand carbon permits softened slightly on Tuesday as observers said a correction might be due, albeit only a minor one.
Read MoreNZ Market: NZUs extend highs on latest election polls, though risks remain
Allowances in New Zealand’s emissions trading scheme rose 10 cents on Friday as new polls put the opposition Labour party ahead of the ruling National party for the first time in 12 years.
Read More