NZ environment ministry likely to take interim role as ETS auction monitor
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.
Read MoreNZ Market: NZUs close at record level as election brings upwards momentum
New Zealand carbon allowances closed at their highest-ever level on Thursday as the election result has injected some positive momentum into the market.
Read MoreNZX, EEX win bid to operate New Zealand carbon auctions
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.
Read MoreNew Zealand election: What’s at stake for the ETS?
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.
Read MoreNZ Market: NZUs slink to 3-week low as floor price tempers demand
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.
Read MoreNew Zealand sets carbon auction dates, volumes for 2021
New Zealand has released its NZU auction schedule for 2021, confirming that the first ever government-organised allowance sale will be held next March.
Read MoreNew Zealand PM says will try to extend life of major emitter
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.
Read MoreNZ Market: NZUs stuck at FPO level as trading grinds to a halt
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.
Read MoreNZ Market: NZUs break through price ceiling as financiers forced to report climate risks
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.
Read MoreNZ Market: NZUs close in on price ceiling as supply remains patchy
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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