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New Zealand won’t clarify fixed price option level ahead of ETS compliance

Published 07:26 on May 19, 2020  /  Last updated at 22:41 on May 19, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand will not clarify whether the fixed price option in its emissions trading scheme will rise to NZ$35 this year until after 2019 compliance has been completed, the government has confirmed.

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NZ Market: NZUs rise to 2-month high as govt splashes out on recovery

Published 10:37 on May 14, 2020  /  Last updated at 23:54 on May 14, 2020  /  Asia Pacific, New Zealand  /  No Comments

NZUs rose to their highest levels since mid-March on Thursday as the government announced major spending in a budget to get the economy back on track, though the ETS still faces large uncertainties.

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Global carbon fund hands back majority of early gains after volatility bet sours

Published 18:34 on May 13, 2020  /  Last updated at 20:47 on May 13, 2020  /  Americas, Asia Pacific, Bavardage, Canada, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South Korea, US  /  No Comments

A carbon market investment fund in April handed back most of the gains made the previous month after a bet on volatility went sour.

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CARBON PULSE CONVERSATIONS 008: New Zealand Climate Change Commission/Motu Research Institute

Published 10:42 on May 8, 2020  /  Last updated at 01:16 on May 9, 2020  /  Asia Pacific, Australia, Climate Talks, Conversations, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand  /  No Comments

In this latest episode of our Carbon Pulse Conversations podcast, we speak to Catherine Leining, policy fellow at the Motu Economic and Public Policy Research Institute and a member of New Zealand’s independent Climate Change Commission, about the ongoing NZ ETS reform work and the prospects of the country accessing the international carbon market.

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New Zealand opposition wants to delay ETS reform bill by a year

Published 07:19 on May 4, 2020  /  Last updated at 01:52 on May 5, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s opposition National party wants to delay the ongoing emissions trading scheme reform by a year due to the COVID-19 crisis, it stated in a House committee review of the bill released Monday, though the committee majority proposed only minor changes to the legislation.

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NZ Market: NZUs hold steady despite unknowns lying ahead

Published 09:26 on May 1, 2020  /  Last updated at 01:32 on May 2, 2020  /  Asia Pacific, New Zealand  /  No Comments

NZUs held steady near the NZ$25 fixed price option level this week, with sound demand despite the uncertainty over the economic impact of the COVID-19 crisis and looming reforms.

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NZ Market: NZUs firm as New Zealand prepares to ease virus lockdown

Published 11:51 on April 27, 2020  /  Last updated at 03:48 on April 28, 2020  /  Asia Pacific, New Zealand  /  No Comments

NZUs rose 20 cents to their highest since mid-March on Monday as the nation prepared to ease restrictions in place over the past five weeks, including sending the forestry industry back to work.

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New Zealand to review updated Paris Agreement target

Published 06:32 on April 23, 2020  /  Last updated at 06:32 on April 23, 2020  /  Asia Pacific, Climate Talks, International, New Zealand  /  No Comments

New Zealand’s independent Climate Change Commission will review the nation’s ambition level under the Paris Agreement, its climate change minister said Thursday after submitting an updated NDC to the UN without ratcheting up the 2030 target.

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NZ changes ETS rules to give oil refinery millions of dollars worth of free CO2 permits

Published 11:49 on April 22, 2020  /  Last updated at 23:45 on April 22, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand has changed its ETS regulations to ensure Refining NZ qualifies to get most of its carbon permits for free when it joins the scheme in 2023, according to newly-released cabinet papers.

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NZ Market: NZUs rise to 1-month high on healthy demand

Published 09:22 on April 20, 2020  /  Last updated at 00:29 on April 21, 2020  /  Asia Pacific, New Zealand  /  No Comments

NZUs rose slightly on Monday to their highest in a month as some emitters remain happy to get their hands on supply below NZ$25, and as the government said its virus lockdown will be eased next week.

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