Carbon Market News

COP30: NZ's Lack Of Climate Ambition Undermines Global Goals And Free-Trade Agreements

(MENAFN - The Conversation) As nations prepare to gather in Brazil next week for this year's United Nations climate summit COP30, only a third have so far submitted the required update on their ...

Settlement gets Z Energy out of court – not ‘out of the petrol business’

After a long legal fight the fuel giant and enviro groups find one thing to agree on: Govt must step up to ensure NZ's emissions targets are achieved, they say in joint call The post Settlement gets Z Energy out of court – not ‘out of the petrol business’ appeared first on Newsroom.

Pōrangahau residents want forestry law changes after massive blaze

A huge forestry fire last week took days to extinguish, and was the main talking point during a timely visit from MPs. The post Pōrangahau residents want forestry law changes after massive blaze appeared first on Farmers Weekly.

NZ Market: NZU price falls lower as buyers pull back

New Zealand ETS prices have fallen further in recent days as buyers continue to have little interest in purchasing allowances, traders said.

New Zealand Lifts Climate Reporting Thresholds to Revive Capital Markets

• Market-cap threshold for mandatory climate disclosures raised from NZ$60 million to NZ$1 billion (about US$573 million).• Managed investment schemes removed from the regime, cutting reporting entities from 164 to... The post New Zealand Lifts Climate Reporting Thresholds to Revive Capital Markets appeared first on ESG News.

NZ’s first marine reserve is turning 50 – the lessons from its recovery are invaluable

The recovery of kelp forests brought many fish species back. But fish stocks in the reserve remain far below those present before commercial fishing took off.

NZ Market: Sentiment turns mildly bearish, as review finds ETS advisory frameworks sound

New Zealand allowances continue to trade sideways, with a major bank turning slightly sour on the market’s dynamics, as a governmental review concluded that the ETS advisory frameworks are fit for purpose.

Wool lobbyist decries madness in EU method

Bloc weighs using methodology that would label fossil-fuel-derived fibre as greener than wool. The post Wool lobbyist decries madness in EU method appeared first on Farmers Weekly.

NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?

Emissions from international aviation (and shipping) account for 9% of New Zealand’s total. Without stronger policy to cut them, they could grow to a third by 2050.

NZ Market: NZU price flat as govt confirms carbon market cooperation with Singapore