COMMENT: Why NZ’s ETS should have an auction reserve price
Emission prices have since recovered but no one knows if this will last. With consultation underway on improving the New Zealand Emissions Trading Scheme (NZ ETS), the government should seriously consider a “price floor” to rebuild confidence in low-emission investment.
Read MoreNZ Market: NZUs hold steady as supply dries up
New Zealand carbon allowances made minor gains further above NZ$25 on Monday as supply has dried up amid expectations of further price hikes.
Read MoreNZ Market: NZUs marginally weaker, but seen likely to hold above NZ$25
New Zealand carbon allowances fell slightly on Wednesday, slipping for a second consecutive day even though market participants expect the spot contract to hold above NZ$25.
Read MoreNZ Market: NZUs extend highs again as market looks ahead
New Zealand carbon allowances on Monday continued their upwards march, although the recent bullish momentum has slowed and volumes have dropped.
Read MoreNZ Market: NZUs creep to new highs but momentum dwindles amid lingering uncertainty
NZUs edged up 5 cents on Wednesday to hit yet another all-time high, but the recent strong upward trend has run out of steam as emitters are wary about the market going much higher than the fixed price option level.
Read MoreNew Zealand’s productivity watchdog backs strong ETS reform
New Zealand’s Productivity Commission on Tuesday released a government-commissioned report on how to shift to a low-carbon economy, backing efforts to reform the emissions trading scheme and set a price on emissions from agriculture.
Read MoreNZ Market: NZUs stay strong as observers eye new loophole for foresters
New Zealand carbon allowances fell marginally on Monday but remained above the NZ$25 price ceiling, causing some observers to speculate whether foresters that have joined the ETS voluntarily might pull out of the scheme to bank their profits.
Read MoreNew Zealand must reduce methane emissions to avoid further climate harm -watchdog
New Zealand must cut methane emissions from livestock – one of its biggest sources of GHG emissions – by as much as 22% below 2016 levels to avoid having further impact on global climate change, the parliamentary commissioner on the environment said Thursday.
Read MoreNZ Market: NZUs trade above price ceiling as emitters rush to bank permits
New Zealand carbon permits on Thursday traded above the NZ$25 fixed price option for the first time ever, as emitters sought to pick up as many as possible for future use amid expectations that the ceiling will increase and prices continue to rise.
Read MoreNZ Market: NZUs hit record highs again as bullish sentiment continues to build
New Zealand carbon allowances set yet another record high on Tuesday as policy fundamentals continue to suggest prices will go even higher in the future.
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