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NZ Market: NZUs leap to new record high as demand persists

Published 09:12 on July 30, 2020  /  Last updated at 20:40 on July 30, 2020  /  Asia Pacific, New Zealand  /  No Comments

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.

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NZ Market: NZUs extend record high again as supply remains unlocked

Published 07:32 on July 22, 2020  /  Last updated at 01:31 on July 23, 2020  /  Asia Pacific, New Zealand  /  No Comments

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.

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NZ Market: NZUs rise to new record high amid constrained supply

Published 07:16 on July 21, 2020  /  Last updated at 10:30 on July 21, 2020  /  Asia Pacific, New Zealand  /  No Comments

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.

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NZ farmers support move to restrict forestry carbon credits

Published 09:16 on July 20, 2020  /  Last updated at 23:27 on July 20, 2020  /  Asia Pacific, New Zealand  /  No Comments

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.

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NZ Market: NZUs climb back above NZ$32 as sellers confident to sit back

Published 10:53 on July 15, 2020  /  Last updated at 23:07 on July 15, 2020  /  Asia Pacific, New Zealand  /  No Comments

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.

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Rio Tinto’s aluminium shutdown plan halts NZ carbon price bull run

Published 07:05 on July 9, 2020  /  Last updated at 21:51 on July 9, 2020  /  Asia Pacific, New Zealand  /  No Comments

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.

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New Zealand coalition partner moves to limit forest carbon

Published 10:06 on July 6, 2020  /  Last updated at 13:48 on July 6, 2020  /  Asia Pacific, New Zealand  /  No Comments

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.

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NZ Market: NZUs rise to new record high as sellers remain reluctant

Published 07:16 on June 30, 2020  /  Last updated at 12:33 on June 30, 2020  /  Asia Pacific, New Zealand  /  No Comments

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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NZ Market: NZUs back within breathing distance of record high amid little supply

Published 12:04 on June 26, 2020  /  Last updated at 18:49 on June 26, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Friday were almost back up to their June 11 all-time high as sellers show reluctance to let go of permits amid bullish sentiment and high logging prices.

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Pandemic impact to hit ETS prices for 2 years, voluntary market more resilient -survey

Published 08:00 on June 23, 2020  /  Last updated at 23:51 on September 15, 2020  /  Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, China's National ETS, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The COVID-19 pandemic is likely to weigh on ETS prices worldwide for the next two years, with price expectations for the coming decade also dropping, according to an annual survey of carbon market participants and observers published on Tuesday.

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