New Zealand won’t clarify fixed price option level ahead of ETS compliance
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.
Read MoreNZ Market: NZUs rise to 2-month high as govt splashes out on recovery
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.
Read MoreGlobal carbon fund hands back majority of early gains after volatility bet sours
A carbon market investment fund in April handed back most of the gains made the previous month after a bet on volatility went sour.
Read MoreCARBON PULSE CONVERSATIONS 008: New Zealand Climate Change Commission/Motu Research Institute
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.
Read MoreNew Zealand opposition wants to delay ETS reform bill by a year
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.
Read MoreNZ Market: NZUs hold steady despite unknowns lying ahead
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.
Read MoreNZ Market: NZUs firm as New Zealand prepares to ease virus lockdown
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.
Read MoreNew Zealand to review updated Paris Agreement target
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.
Read MoreNZ changes ETS rules to give oil refinery millions of dollars worth of free CO2 permits
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.
Read MoreNZ Market: NZUs rise to 1-month high on healthy demand
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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