ACCU, NZU futures trade subdued on bourse debut
The first day of trade for Australian and New Zealand futures contracts on the ASX closed quietly with 1,000 units traded, but prices not given.
Read MoreBRIEFING: ASX Environmental Futures contracts will be a tale of two credit types, carbon market participants say
The Australian Securities Exchange (ASX) is set to launch futures contracts for the Australian and New Zealand carbon markets later this month, however participants say the level of participation and interest will vary considerably between the two jurisdictions.
Read MoreBig ag uses distract, delay, and derail tactics to avoid climate action, undermine emissions impact -think tank
The world’s 22 largest meat and dairy corporations are masters of distraction and denial when it comes to tackling their climate footprint, with a heavy reliance on offsets to meet net zero plans and efforts to block emissions regulation, alongside downplaying methane’s true climate impact, according to a new report.
Read MoreNZ govt’s draft Emission Reduction Plan lacks the ambition and detail needed to restore confidence, opposition, experts say
The New Zealand opposition has come out swinging against the government’s draft second Emissions Reduction Plan, while experts say the plan places too much emphasis on reducing ‘net’ rather than gross greenhouse gas emissions.
Read MoreNew Zealand govt sharply revises down expected future NZU price in emissions plan
Long-term prices in New Zealand’s Emissions Trading Scheme (ETS) could sit at just NZ$50 ($30.35) as the government intends to pursue a least-cost pathway to achieving its climate goals, it said in the draft second Emissions Reduction Plan (ERP) published on Wednesday.
Read MoreUK commodity house confirms launch of New Zealand carbon trading platform
A UK trading house has officially announced its presence in New Zealand, with plans to launch carbon trading platform in the country.
Read MoreNZ Market: Healthy NZU volumes traded, but several hurdles still to clear, participants say
New Zealand’s carbon market has seen robust volumes of NZUs change hands in recent weeks, however the market is still in a wait-and-see mindset ahead of key government decisions and announcements.
Read MoreETS, nature-based solutions key pillars in new NZ climate strategy
The New Zealand government on Wednesday announced the main pillars of a new climate strategy that will rely on the emissions trading scheme and nature-based solutions as two of five major focus areas.
Read MoreNew Zealand proposes bringing carbon capture into ETS
The New Zealand government on Tuesday released a draft framework for carbon capture, utilisation, and storage (CCUS), proposing to bring resulting CO2 reductions or removals into the nation’s emissions trading scheme.
Read MoreNZU stockpile shrinks by 25 mln following May surrender
The stockpile of privately held NZUs has shrunk by some 25.5 million units, according to government figures published Tuesday, thanks to the May 31 surrender deadline for emitters.
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