New Zealand utility to shut carbon, gas trading platform due to lack of interest
A New Zealand electricity company has announced it will close its gas and carbon trading platform later this year after consulting with staff and being unable to find an interested party to acquire them.
Read MoreNZ Climate Change Commission chair to retire
The chair of New Zealand’s Climate Change Commission (CCC), Rod Carr, has confirmed he will retire from his role at the end of his term later this year, the government has announced.
Read MoreNZ environment commissioner calls for forestry to be removed from ETS
The New Zealand commissioner for the environment has joined a growing list of bodies calling for forestry to be removed from the country’s emissions trading scheme.
Read MoreNZ Market: NZUs fall to 10-mth low as market says confidence in govt is lost
The price for NZUs sunk by around 15% on Monday as the market continued to react poorly to the government’s consultation on the ETS released last week.
Read MoreNZ Market: NZU price sinks as govt ETS consultation poorly received by the market
The price for NZUs closed around 6% lower on Friday as a recent government consultation proposing weaker ETS settings has been met with “anger and frustration” in the market.
Read MoreNew Zealand consultation opens for weaker ETS settings, lower carbon price
New Zealand on Wednesday released its annual consultation on five-yearly settings for its emissions trading scheme, adding options that would lower the NZU price floor at auctions and allow for a ballooned Cost Containment Reserve (CCR).
Read MoreOECD adds pressure on NZ government to reform ETS
The Organisation for Economic Co-operation and Development (OECD) has joined the chorus of voices calling for reforms to New Zealand’s emissions trading scheme alongside addressing emissions in the agriculture sector, it said in an annual survey.
Read MoreVCM Report: Bad headlines abound, but voluntary carbon prices little changed
Headlines in the trade press about the troubles of Rimba Raya in Indonesia were over-shadowed last week by a BBC investigative programme that exposed many criticisms of individual REDD projects to the general public, while also questioning the efficacy of voluntary efforts in general to the net zero cause, though prices saw little change.
Read MoreNew Zealand weighs including international shipping, aviation in climate target
The New Zealand government is mulling whether to include the emissions from international flights and shipping to its emissions target, and is seeking public feedback and submissions in a first for the nation.
Read MoreUK commodity house to launch carbon trading platform in New Zealand -media
A UK trading house will launch a carbon trading platform in New Zealand soon, with several staff members of a major NZ market player joining the newcomer, according to local media.
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