NZ minister walks back Significant Natural Areas announcement after deemed unlawful
Just one day after it announced local councils would no longer have to comply with Significant Natural Areas (SNAs) considerations, the New Zealand government has had to retract its announcement after realising it would be unlawful to do so.
Read MoreNZ Market: NZU price slumps as market digests CCC recommendations
The NZU price has slumped to a near six-month low as the market wraps its head around the Climate Change Commission’s (CCC) latest ETS recommendations, while sentiment remains poor.
Read MoreNew Zealand suspends requirements for councils to consider Significant Natural Areas in planning
The right-wing coalition government in New Zealand on Thursday announced local councils will no longer have to comply with Significant Natural Areas (SNAs) for three years, as it aims to overhaul the country’s Resource Management Act to ramp up project approvals.
Read MoreDAC developer partners with NZ Future Energy Centre on pilot project
A Direct Air Capture (DAC) project developer is partnering with New Zealand’s Future Energy Centre (Ara Ake) to help develop the first pilot project of its kind in the country, it announced Monday.
Read MoreNZ Climate Commission warns of material NZU oversupply, calls for large cuts to auction volumes
The volume of NZUs available at auction must be dramatically reduced to cut a surplus in New Zealand’s ETS that threatens to undermine its effectiveness, the country’s Climate Change Commission (CCC) said Tuesday.
Read MoreVCM Report: KSET liquidation sparks sell off in voluntary carbon spots and futures
Standardised voluntary carbon spot contracts for old CORSIA and related futures tumbled this week from already low levels, in the wake of asset manager KraneShares announcing it will liquidate its KSET exchange-traded fund.
Read MoreNZ Market: Govt announces change to confidential auction methodology as NZU price inches up
The New Zealand government has adjusted the methodology for calculating the confidential reserve price (CRP) at its quarterly auctions, as the NZU price has ticked steadily higher in recent days.
Read MoreVCM Report: Voluntary carbon buyers sitting on sidelines despite high levels of credit retirements
Prices failed to budge, liquidity was thin last week, and there was a mix of opinion about the direction of the voluntary carbon market, with sources reporting a flood of new offers posted while others noted the cupboard was starting to run bare of good quality.
Read MoreVoluntary carbon credit retirements maintain pace in February, on track to reach 233 mln this year
Retirements of credits from the four largest voluntary carbon registries reached nearly 18 million last month, maintaining the momentum seen in January, data from the Carbon Pulse VCM Portal shows.
Read MoreICVCM revises down number of voluntary carbon credit methodologies assessed for integrity stamp, but promises quick turnaround
Nearly all the assessements of voluntary carbon market methodologies currently under review for the Core Carbon Principles (CCPs) stamp of high integrity, accounting for some 850 million credits, will be concluded by the end of September, the Integrity Council for Voluntary Carbon Markets (ICVCM) told Carbon Pulse on Thursday.
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