NZ Market: NZU slump unlocks higher volumes after long lull
New Zealand carbon allowances suffered a third straight day of losses on Friday, with the increasing gap to the de facto price ceiling spurring sellers to come forward after months of near-zero trading.
Read MoreNZ Market: NZUs dip below price ceiling as buyers retreat
New Zealand carbon allowances on Wednesday fell below the NZ$25 fixed price option for the first time since Aug. 29 as bids retreated to NZ$24.90 ($16.89).
Read MoreNZ Market: NZUs stay firm as emitters ponder compliance strategy
NZUs remained unchanged just above the NZ$25 fixed price option (FPO) level for the third consecutive day on Monday, as emitters weigh compliance strategies amid ongoing uncertainty over the FPO’s fate.
Read MoreNew Zealand carbon fund raises over NZ$1m ahead of listing
The Carbon Fund successfully listed on the New Zealand Stock Exchange (NZX) on Thursday, having raised over NZ$1 million ($680,000) from investors by offering exposure to carbon allowances and credits.
Read MoreINTERVIEW: NZ minister wants focus on domestic emission cuts, not international credits
Countries should prioritise domestic emissions reductions over international credits, according to New Zealand’s Climate Change Minister James Shaw.
Read MoreNZ Market: NZUs slump to 1-mth low as price ceiling vacuum lingers
New Zealand carbon allowances have this week slumped to their lowest in a month on the ongoing lack of news surrounding the government’s decision on the fixed price option, with units holding just above NZ$25.
Read MoreNZ Market: NZU trade goes stale amid ongoing information vacuum
New Zealand carbon allowances closed unchanged for the third consecutive day on Wednesday and have been range-bound for almost three months as the market continues to await news on what the government will do with the scheme’s price ceiling.
Read MoreInvestors to launch New Zealand’s first listed carbon fund
Investment firm Salt Funds Management will next month launch a dedicated carbon fund, the first to be listed on the New Zealand Stock Exchange (NZX), the company said.
Read MoreNZ Market: NZUs come off highs as buyers retreat
New Zealand carbon allowances on Friday came down from the record highs seen earlier in the week, with some observers saying a correction to below NZ$25 might be due.
Read MoreNZ Market: NZUs inch up to new record highs on small volumes
New Zealand carbon allowances hit a new all-time high on Monday, although it was on small trades reflecting the shortage of available supply in the market.
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