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China, New Zealand to strengthen cooperation on carbon markets, seek links

Published 09:18 on March 27, 2017  /  Last updated at 13:19 on March 27, 2017  /  Asia Pacific, China, China's National ETS, New Zealand  /  No Comments

China and New Zealand on Monday signed a joint climate action plan that includes cooperating closely on carbon markets, a move that could eventually lead to linking of Asia-Pacific emissions trading schemes.

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NZ Market: New Zealand carbon falls 4% to extend losses as buyers wait

Published 09:37 on March 21, 2017  /  Last updated at 11:56 on March 21, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances have continued their decline over the past week and are threatening to drop into the NZ$16s as well-stocked emitters see little reason to push up prices with significant policy changes potentially around the corner.

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OECD proposes New Zealand ETS reforms to boost carbon price

Published 09:22 on March 21, 2017  /  Last updated at 11:39 on March 21, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand should bring agriculture into its emissions trading scheme and reform the market to make it more efficient in halting the country’s rising greenhouse gas output, the OECD said Tuesday.

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New Zealand needs much higher CO2 price to go carbon neutral -report

Published 13:01 on March 20, 2017  /  Last updated at 21:53 on March 20, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon prices might have to increase six-fold by 2050 if the country is to achieve carbon neutrality, a report said Tuesday.

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NZ Market: NZUs slide to 5-week low as verification deadline nears

Published 10:03 on March 15, 2017  /  Last updated at 17:10 on March 15, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell 15 cent in Wednesday trade to hit their lowest levels since Feb. 9, with emitters focused on finalising their verified 2016 emissions reports ahead of the Mar. 31 deadline.

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New NZ party pledges ETS reform, high carbon prices and no international offsets

Published 10:24 on March 10, 2017  /  Last updated at 10:24 on March 10, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand philanthropist Gareth Morgan on Friday outlined his new political party’s climate change policy platform ahead of the Sep. election, pledging to reform the emissions trading scheme, permanently close it off from international offsets and cancel nearly 100 million surplus government carbon credits.

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NZ Market: NZUs slide to 2-week low in hesitant market

Published 08:50 on March 1, 2017  /  Last updated at 13:58 on March 1, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell to their lowest levels since Feb. 13 on Wednesday as emitters remain hesitant to push prices up during government stakeholder consultations on potentially crucial changes to the scheme.

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NZ Market: NZUs barely budge but hold above NZ$18

Published 09:55 on February 24, 2017  /  Last updated at 15:33 on February 24, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances have traded in a narrow range for two weeks running but are holding above the NZ$18 ($13) level as major sellers remain on the fence.

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REPORT: Emissions Trading Worldwide – ICAP Status Report 2017

Published 15:49 on February 15, 2017  /  Last updated at 15:49 on February 15, 2017  /  Americas, Asia Pacific, Canada, China, China's National ETS, China's Pilot Markets, Climate Talks, Conversations, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, New Zealand, South Korea, Switzerland, US, Views  /  No Comments

The International Carbon Action Partnership’s Status Report 2017, released on Feb. 15, provides a testament to the evolution of emissions trading from textbook assumptions to the real world. With the launch of China’s national ETS later this year, carbon markets will operate in economies generating close to half of the world’s GDP and covering more than 15% of global emissions.

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NZ Market: NZUs climb to 3-month high as demand returns

Published 09:24 on February 14, 2017  /  Last updated at 11:23 on February 14, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Tuesday rose to their highest level since November as the market slowly returns from its holiday slumber and the government reaffirmed its intention to tighten up the emissions trading scheme.

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