High carbon prices threaten NZ's low-carbon drive, say miners

Thursday - Record-high carbon prices risk driving away the very companies New Zealand needs in its push to decarbonise the economy, the minerals sector says.

MARKEST LATEST: NZUs $35

Thursday - Spot NZUs opened at $34.90 bid and $35.20 offered on CommTrade this morning after last fixing at $35.

Carbon hits a new high and looks set to go higher

Wednesday - New Zealand carbon prices have broken through the $35 expected to act as a price cap and are being tipped to go higher.

MARKET LATEST: NZUs $35

Wednesday - Spot NZUs opened at $34.60 bid and $35.20 offered on CommTrade this morning, after last fixing at $35.

MARKET LATEST: NZUs $34.50

Tuesday - Spot NZUs opened at $34.20 bid and $34.75 offered on CommTrade this morning after last fixing at $34.50.

TEN YEARS AGO...

Tuesday - Ten years ago, forest owners, worried about their own future carbon liabilities come harvest time, were sitting on their carbon credits, saying an NZU spot price of $19 was not enough to tempt them.

Carbon forests 'buying our way out of sin', says Simpson

Monday - Using carbon credits to meet New Zealand’s emissions reduction target is like trying to buy your way out of sin, says National’s climate spokesperson Scott Simpson.

MARKET LATEST: NZUs $34.30

Monday - Spot NZUs opened at $34.20 bid and $34.50 offered on CommTrade this morning, after last fixing at $34.30.

MARKET LATEST: NZUs $34.25

10 Sep 20 - SPOT NZUs opened at $34.20 bid and $34.30 offered on CommTrade this morning, after last fixing at $34.25.

TEN YEARS AGO...

10 Sep 20 - Ten years ago, the owners of forests planted before 1990 were waiting for their share of 42 million NZUs being given to them in compensation for being in the Emissions Trading Scheme but ineligible...

Biochar golden opportunity for New Zealand, says expert

9 Sep 20 - New Zealand is squandering opportunities to use carbon sequestered under the Emissions Trading Scheme to improve soils, says bioeconomy consultant Dr Michael Lakeman.

MARKET LATEST: NZUs $34

9 Sep 20 - Spot NZUs opened at $33.90 bid and $34 offered on CommTrade this morning, after last fixing at $34.

If business must disclose carbon debt, then so should we, says Shaw

8 Sep 20 - The Government is trying to find a way to calculate the cost of the country’s likely carbon debt – and is considering using revenue from the Emissions Trading Scheme to buy international carbon...

MARKET LATEST: SPOT NZUs $34

8 Sep 20 - Spot NZUs opened at $33.90 bid and $34.10 offered on CommTrade this morning, after last fixing at $34.

TEN YEARS AGO...

8 Sep 20 - Ten years ago, Singapore was becoming a magnet for carbon traders.

MARKET LATEST: NZUs $34

7 Sep 20 - Spot NZUs opened at $33.90 bid and $34.10 offered on CommTrade this morning after last fixing at $34.

TEN YEARS AGO ...

7 Sep 20 - Ten years ago, major electricity users were claiming the Emissions Trading Scheme was costing them $11 million a year more than it should.

MARKET LATEST: NZUs $34

4 Sep 20 - Spot NZUs opened at $33.90 bid and $34.25 offered on CommTrade this morning after last fixing at $34.

Farmers should be rewarded for all carbon, including soil, says Shaw

3 Sep 20 - If climate minister James Shaw has his way, putting a carbon charge on agriculture should be as straight-forward as farmers doing a quick calculation to show whether they’re in the black or the red...

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