New Zealand lukewarm on Australian carbon market links
New Zealand would need a number of preconditions met before linking its emissions trading scheme to Australia’s offset market or any other carbon trading system, Climate Change Minister James Shaw said Friday.
Read MoreNew US-listed carbon ETF launched amid growing investor interest
A new US-listed exchange-traded fund (ETF) that tracks carbon prices in three markets was launched Thursday, allowing retail investors for the first time to indirectly hold cross-continental stakes in cap-and-trade schemes.
Read MoreNZ Market: NZUs leap to new record high as demand persists
NZUs have gained almost a dollar over the past two days to climb past NZ$34.00 ($22.53) for the first time, as steady demand and limited supply keep sellers eyeing higher levels.
Read MoreNZ Market: NZUs extend record high again as supply remains unlocked
New Zealand carbon allowances rose to a fresh record in Wednesday trade as sellers remain content to sit back and watch prices go higher, though some buyers are starting to find it difficult to follow, observers say.
Read MoreNZ Market: NZUs rise to new record high amid constrained supply
New Zealand carbon allowances hit a fresh all-time high on Tuesday, with prices being pushed up because potential sellers are holding on to their NZUs in the anticipation that prices will continue to rise.
Read MoreNZ farmers support move to restrict forestry carbon credits
New Zealand’s leading farming industry group has backed a proposal by the Labour party to impose restrictions on which types of land can earn carbon allowances by planting forests, but says that’s not enough to stave off what it claims is a threat to farmland by the nation’s emissions trading scheme.
Read MoreNZ Market: NZUs climb back above NZ$32 as sellers confident to sit back
New Zealand carbon allowances rose 1.3% in Wednesday trade to climb back above the NZ$32 mark as potential sellers are happy to hold on to their supply, forcing buyers to push higher.
Read MoreRio Tinto’s aluminium shutdown plan halts NZ carbon price bull run
Rio Tinto is preparing to shut down New Zealand’s only aluminium smelter next year amid high energy costs and a poor industry outlook, it said on Thursday, a move that paused the rapid rise in NZ carbon prices as traders digested the prospect of the nation’s biggest electricity consumer closing.
Read MoreNew Zealand coalition partner moves to limit forest carbon
The biggest of New Zealand’s government coalition partners has pledged to revise legislation to limit the conversion of productive farmland to forests if it remains in power after September’s election.
Read MoreNZ Market: NZUs rise to new record high as sellers remain reluctant
New Zealand carbon allowances rose to record highs on Tuesday as available supply remains modest and traders fix their eyes on 2021 market dynamics.
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