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NZ Market: NZUs hone in on FPO level as buying interest pushes up prices

Published 10:59 on April 2, 2020  /  Last updated at 22:44 on April 2, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances gained another 2.1% in Thursday trade, pushing prices to within touching distance of the NZ$25 fixed price option.

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Carbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown

Published 09:05 on April 1, 2020  /  Last updated at 09:26 on April 1, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  1 Comment

*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.

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New Zealand emitters get 4-week extension on ETS reporting

Published 03:24 on March 31, 2020  /  Last updated at 23:25 on March 31, 2020  /  Asia Pacific, New Zealand  /  No Comments

Companies covered by the New Zealand emissions trading scheme can get a four-week extension on the Mar. 31 deadline to report 2019 emissions amid the coronavirus outbreak, the EPA said on Tuesday.

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NZ Market: NZUs in slow recovery as demand returns

Published 11:59 on March 30, 2020  /  Last updated at 01:22 on March 31, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances rose 3.5% in Monday trade amid healthy demand, and have now clawed back over a third of the COVID-19 driven losses suffered over the past two weeks.

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NZ Market: Price correction ends six days of losses for NZUs

Published 07:20 on March 25, 2020  /  Last updated at 22:48 on March 25, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand allowances edged up 30 cents in Wednesday trade after previously posting losses over six consecutive sessions, as some market participants said the rapid fall had been an overreaction.

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Emissions trading expands globally on more climate ambition -report

Published 18:29 on March 24, 2020  /  Last updated at 23:12 on March 24, 2020  /  Americas, Asia Pacific, Australia, Canada, China, China's National ETS, EMEA, EU ETS, International, Mexico, New Zealand  /  No Comments

Emissions trading systems covered just under 9% of the world’s total GHG emissions in 2020, increasing their global coverage as climate ambition grows and governments consider net zero emission targets, a report published on Tuesday found.

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NZ Market: NZUs at 20-mth lows amid persisting sell-offs, doubts over policy reforms

Published 06:59 on March 24, 2020  /  Last updated at 11:00 on March 24, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell another 2.2% on Tuesday, as traders continued to offload volumes ahead of the impending shutdown of the economy, while some expressed doubts the government will now carry out expected ETS market reforms.

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NZ Market: NZUs plunge to 9-mth lows as PM orders national shutdown

Published 06:20 on March 23, 2020  /  Last updated at 01:20 on March 24, 2020  /  Asia Pacific, New Zealand  /  No Comments

NZUs continued their downward trend on Monday after Prime Minister Jacinda Ardern announced a shutdown of all non-essential services from Wednesday in a bid to prevent the COVID-19 virus taking hold.

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NZ Market: NZUs hammered in fourth consecutive session

Published 04:11 on March 20, 2020  /  Last updated at 10:58 on March 20, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances continued to fall in Friday trade, shedding almost a dollar to hit their lowest levels in eight months as traders unloaded positions.

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Major climate conference nixed over coronavirus

Published 11:55 on March 19, 2020  /  Last updated at 11:55 on March 19, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.

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