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World’s carbon markets grow 34% in value to $215 billion in 2019 -report

Published 21:34 on January 22, 2020  /  Last updated at 11:45 on January 23, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.

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NZ Market: NZUs inch to new highs, but observers see volatility ahead

Published 09:38 on January 15, 2020  /  Last updated at 18:04 on January 15, 2020  /  Asia Pacific, New Zealand  /  No Comments

NZUs rose further on Wednesday to extend this week’s record high, but with secondary market prices now 16% above the 2019 Fixed Price Option level some market participants expect increased volatility in the next few months.

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NZ Market: NZUs hit NZ$29 on bullish surge following move to lift fixed price

Published 09:24 on January 14, 2020  /  Last updated at 22:12 on January 14, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances rose to fresh record highs in Tuesday trade as last month’s government proposal to raise the Fixed Price Option continued to dominate sentiment.

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NZ Market: NZUs skyrocket on price ceiling, cap news

Published 04:44 on December 20, 2019  /  Last updated at 20:26 on December 20, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances rose a massive 15% on Friday as yesterday’s news on the future market emissions cap and plans to lift the Fixed Price Option from next year pushed prices to record highs.

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New Zealand outlines provisional carbon budget, ETS cap

Published 06:48 on December 19, 2019  /  Last updated at 11:50 on December 19, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand on Thursday released a draft provisional carbon budget for 2021-25 for public consultation, with specific proposals for its emissions trading scheme that would see the Fixed Price Option rise from next year and keep international units out of the market until at least 2026.

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Countries should consider pausing global carbon market talks -NZ minister

Published 02:36 on December 18, 2019  /  Last updated at 23:12 on December 18, 2019  /  Asia Pacific, Climate Talks, International, New Market Mechanisms, New Zealand  /  No Comments

Disputes over the rules for the markets chapter of the Paris Agreement may not be reconcilable and countries should consider pressing pause on these talks for a few years, New Zealand’s climate minister James Shaw said Wednesday.

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NZ names Climate Change Commission members

Published 23:44 on December 16, 2019  /  Last updated at 23:44 on December 16, 2019  /  Asia Pacific, Bavardage, New Zealand  /  No Comments

New Zealand on Tuesday named the panel of experts that will make up the country’s newly-established Climate Change Commission.

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COP25: Testing Article 6 talks delayed for second year after marathon UN climate summit

Published 13:19 on December 15, 2019  /  Last updated at 23:31 on January 5, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Marathon UN climate talks in Madrid finished on Sunday afternoon without agreeing rules for international emissions trade under the Paris Agreement’s Article 6, as beleaguered hosts Chile pushed the record-long summit to try to broker a deal on a handful of sticking points.

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COP25: Roundup for Saturday and Sunday, Dec. 14-15

Published 09:47 on December 14, 2019  /  Last updated at 08:51 on December 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A marathon overnight session to develop an outcome for the UN climate summit was widely panned on Saturday morning, while negotiations on the highly contentious Article 6 rulebook for Paris-era international emissions trade continued. 

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COP25: Roundup for Friday, Dec. 13

Published 14:18 on December 13, 2019  /  Last updated at 18:35 on December 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

New Article 6 text dropped well behind schedule at the UN climate summit on Friday, with numerous contentious issues still remaining on agreeing the rulebook to international emissions trading under the Paris Agreement.

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