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Emitters paid fixed price for more than half of their 2018 NZ ETS surrender obligations

Published 05:00 on August 9, 2019  /  Last updated at 09:14 on August 9, 2019  /  Asia Pacific, New Zealand  /  No Comments

Participants in New Zealand’s emissions trading scheme paid the NZ$25 fixed price option instead of surrendering permits for over half the 32.8 million tonnes CO2e in compliance requirements for 2018, government data showed Friday.

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New Zealand dismisses proposal for independent ETS agency

Published 09:52 on August 5, 2019  /  Last updated at 22:33 on August 5, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand has dismissed a proposal from its economic watchdog to establish an independent agency to run elements of its emissions trading scheme, such as setting annual GHG caps.

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New Zealand to cancel over 16 mln privately held Kyoto units next year

Published 10:52 on August 1, 2019  /  Last updated at 04:37 on August 2, 2019  /  Asia Pacific, International, Kyoto Mechanisms, New Zealand  /  No Comments

New Zealand’s announcement this week that it will cancel all privately held Kyoto units in its registry will invalidate more than 16 million credits, according to a Cabinet paper.

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New Zealand to begin phaseout of free NZU allocation in 2021

Published 07:00 on July 31, 2019  /  Last updated at 11:13 on July 31, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand will begin phasing out free allocation of carbon permits to emissions-intensive industrials in 2021, but only at slow pace initially, the government announced Wednesday along with decisions on access to averaging for forest-owners and Kyoto unit cancellations.

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Financial firm pushes for NZ govt to go for Australian carbon credits

Published 12:02 on July 30, 2019  /  Last updated at 12:02 on July 30, 2019  /  Asia Pacific, Australia, New Zealand  /  No Comments

New Zealand should seek a deal where the government could buy Australian carbon credits and auction them off to domestic emitters as part of the strategy to meet its Paris treaty obligations, brokerage OM Financial said Tuesday.

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NZ Market: NZUs get bump on fresh demand

Published 10:21 on July 29, 2019  /  Last updated at 10:21 on July 29, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances moved to a 5-week high on Monday as fresh demand entered the market.

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NZ Market: NZUs locked in tight range as agriculture plans fail to move market

Published 12:32 on July 25, 2019  /  Last updated at 00:14 on July 26, 2019  /  Asia Pacific, New Zealand  /  No Comments

NZUs edged up slightly on Thursday but remained within the tight price range seen since the government last week launched a consultation process that could see some agricultural emissions brought into the ETS from 2021.

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New Zealand agriculture sector to face carbon price from 2025

Published 03:03 on July 16, 2019  /  Last updated at 00:26 on July 17, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s government has reached an agreement with farmers to price the sector’s GHG emissions starting in 2025.

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NZ Market: NZUs hold for now despite tumbling timber prices

Published 14:31 on July 11, 2019  /  Last updated at 00:02 on July 12, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances are holding around the NZ$23 ($15.36) level despite rapidly fading timber export prices that has brought speculation on whether forest owners would sell off more NZUs to compensate for falling income levels.

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New Zealand launches tender to build CO2 auctioning platform

Published 11:11 on July 8, 2019  /  Last updated at 11:31 on July 8, 2019  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand government launched a tender on Monday for information and advice on building an auction platform for its ETS, with the intention to start selling carbon allowances next year.

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