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CP Daily: COP23 Special

Published 13:17 on November 20, 2017  /  Last updated at 14:35 on November 20, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN climate talks held in Bonn, Germany from Nov. 6-17 made modest progress on a number of technical issues including rules underpinning global carbon trading under the Paris Agreement, but a great deal of work remains ahead of next year’s deadline to complete the 2015 pact’s rule book.

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COP23: ETS links slink back on Asia Pacific countries’ priority list

Published 17:52 on November 13, 2017  /  Last updated at 21:21 on November 13, 2017  /  Asia Pacific, China, China's National ETS, Japan, New Zealand, South Korea  /  No Comments

Linking emerging Asian Pacific emissions trading markets is slowly dropping down the list of priorities for regional climate policy officials, even as the need to cooperate in developing markets increases.

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NZ minister hints at reducing reliance on international carbon credits

Published 09:22 on November 9, 2017  /  Last updated at 12:22 on November 9, 2017  /  Asia Pacific, China, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, South Korea  /  No Comments

New Zealand looks set to scale down its plans to buy foreign carbon credits to meet its Paris target after Climate Change Minister James Shaw on Thursday said the government would look to do more to cut domestic emissions.

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COP23: International emissions trade talks lag as nations inch towards first Paris-era deals

Published 17:58 on November 8, 2017  /  Last updated at 01:59 on November 9, 2017  /  Americas, Asia Pacific, Canada, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Negotiations on global carbon trade under the Paris Agreement are lagging other strands of the UN climate talks in Bonn, with the slow pace prompting some countries to line up deals ahead of finalised rules.

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NZ Market: NZUs hold highs as buyers resist great leap for now

Published 10:23 on November 8, 2017  /  Last updated at 10:23 on November 8, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits held steady at current six-year highs on Wednesday as buyers hesitated to lift prices further, even though available supply remains limited.

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NZ Market: NZUs stretch 6-year record as demand holds firm

Published 09:08 on November 6, 2017  /  Last updated at 00:49 on November 7, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances gained another 5 cents on Monday as buyers tried to soak up limited supply in anticipation of prices tracking higher.

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NZ Market: NZUs reignite as buyers accept prices above NZ$19

Published 09:51 on November 3, 2017  /  Last updated at 10:55 on November 3, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances extended recent gains on Friday, jumping to NZ$19.15 ($13.28) as market participants said buyers appear to have accepted higher prices.

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NZ Market: NZUs take breather as traders wait for policy details

Published 09:24 on November 2, 2017  /  Last updated at 13:51 on November 2, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances remain fixed just below NZ$19 ($13.13) as buyers are unwilling to push past that barrier until more information about the government’s potential ETS plans becomes known.

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New Zealand to reconsider Paris target next year

Published 09:01 on November 1, 2017  /  Last updated at 11:29 on November 1, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand will reconsider its “inadequate” 2030 emissions target next year, the country’s new climate change minister said Wednesday, a move likely to further solidify confidence in the nation’s emissions trading scheme, which is seeing its highest price levels for over six years.

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NZ Market: NZUs touch NZ$19 as supply dries up

Published 10:19 on October 30, 2017  /  Last updated at 16:01 on October 30, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances traded at NZ$19 ($13) on Monday for the first time in six-and-a-half years as most sellers are holding back in expectation that prices will move higher.

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