New Zealand govt appoints methane science and targets review panel
The New Zealand government has appointed an independent review panel on the country’s methane science and targets, alongside its terms of reference, it announced Thursday.
Read MoreBidless quarterly NZ carbon permit auction fails to clear
The second New Zealand ETS auction for 2024 has failed to clear due to a lack of demand, with not a single bid being submitted as allowances in the secondary market trade below the auction floor.
Read MorePREVIEW: New Zealand unlikely to sell any NZUs at upcoming auction, participants say
New Zealand market participants have all but written off any chance Wednesday’s government NZU auction will clear due to the secondary market trading at prices below the auction price floor amid ongoing regulatory uncertainty.
Read MoreNZ warned it risks repeating past mistakes on ETS settings, consultation
New Zealand emissions trading scheme observers have raised concerns with the government’s consultation process on its controls and settings, saying the lack of detail on key points makes it difficult to understand the coalition’s intentions.
Read MoreNew Zealand cancels controversial annual ETS forestry charges for this year
The New Zealand government has scrapped this year’s annual service charges for forestry under the emissions trading scheme.
Read MoreNew Zealand disbands agricultural industry climate group, confirms it will keep sector out of the ETS
The New Zealand government has dumped agricultural group He Waka Eke Noa (HWEN), saying the former government’s process to price agricultural carbon emissions has failed and vowing to keep the country’s most polluting sector out of the emissions trading scheme.
Read MoreNZ Market: NZU price rises 10% as speculator-driven bounce continues
New Zealand carbon allowances climbed 10% in Tuesday trade amid continued speculator demand and as the market digests what little there was for it in last week’s budget.
Read MoreNZ Market: Speculators drive NZU price rally as limited climate spending announced in budget
The spot NZU price has climbed nearly 7% in recent days as the coalition government announced little in new funding on climate initiatives in its latest budget Thursday, focusing instead on funding tax breaks and public service spending.
Read MoreNew 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.
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