Top NZ carbon market expert leaves to take up US role
One of New Zealand’s top emissions trading experts and a member of the government’s interim Climate Change Commission is leaving to take up a position in New York.
Read MoreNZ Market: NZUs jump to 2-month high on firm demand
New Zealand carbon allowances on Tuesday rose 1% to their highest since mid-December, as demand around the fixed price option level remained firm while available supply was scarce.
Read MoreNZ Market: NZUs dip below NZ$25 on small-clip supply
New Zealand carbon allowances fell below the NZ$25 ($17.21) threshold on Tuesday for the first time in nearly three weeks as small batches of supply from forest-owners became available.
Read MoreNZ Market: NZUs unmoved above NZ$25 to make fixed price option attractive
NZUs have barely budged over the past week amid firm demand, making the NZ$25 fixed price option an increasingly tempting way for emitters to meet their 2018 obligations.
Read MoreNZ Market: NZUs stay lodged near NZ$25 in quiet holiday trade
New Zealand carbon allowances have traded in a narrow 22-cent range for the past month with most traders away from their desks and little news to drive prices.
Read MoreGlobal CO2 trading volume spikes 45% in 2018, value soars 250% amid reforms -analysts
Global traded carbon volumes rose 45% in 2018 to a five-year high of 9.1 billion tonnes as the dominant EU ETS market notched stellar price gains, Refinitiv analysts said in an annual market review on Tuesday.
Read MoreBrokers recommend NZ emitters pay fixed CO2 price, bank allowances
Emitters in the New Zealand ETS should pay the fixed price option for 2018 instead of surrendering permits, brokers OM Financial said Wednesday, in a recommendation that could keep up to 34 million NZUs in the system next year.
Read MoreEU, New Zealand agree to increase cooperation on emissions trading
The EU and New Zealand have agreed to strengthen their bilateral cooperation on emissions trading, their respective climate bosses announced on Monday.
Read MoreNZ Market: NZU prices plunge as reform plans fall short of expectations
New Zealand carbon allowances fell nearly 4% from record highs on Thursday as the highly anticipated government ETS reform package failed to clarify the near-term fate of the NZ$25 fixed price option.
Read MoreNew Zealand announces major changes to emissions trading scheme
New Zealand on Wednesday announced a series of reforms to its emissions trading scheme that will limit permit supply, though the changes are expected to have only a modest near-term market impact.
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