Market weakens on news of February vote in EU ETS
European carbon prices started the week in a consolidation mode, before getting hit pretty hard overnight on Tuesday.
View ArticleLocal market awaits the politicians
Trading in local units has been sidelined on the week, with the market clearly waiting for the Finance and Expenditure Select Committee's report back to Parliament next Wednesday.
View ArticleFollow the leader ...
The New Zealand carbon market continues to follow the international market lower, with NZUs trading under NZD3.00 this week to post a low of $2.55 (offer), Westpac says.
View ArticlePlans to reduce supply in world's largest market
International prices have traded sideways following last week's back-loading proposal announced by the European Commission.
View ArticlePre-1990 NZUs fail to fire market
The year has started slowly for the domestic carbon market.
View ArticleNew low for European carbon
It hasn't been a good month for European carbon prices, with EUAs plunging from around EUR6.75 at the beginning of January to a record low of EUR2.81 for the Dec13 EUA contract overnight.
View ArticleMarketing getting news-fatigue
International prices fell sharply last night as news headlines continue to dictate the mood of the European carbon markets, Westpac reports.
View ArticleWhere are the sellers?
NZUs remain very illiquid as sellers remain absent from the market, Westpac reportts.
View ArticleNZU supply tight
NZU trading remains sporadic, as switching flow dictates price action, says Westpac.
View ArticleBig news from the US, Australia
There have been significant policy developments over the past week in the global emissions arena, Westpac reports.
View ArticleEU vote another step on the journey
Backloading, Europe's much-discussed and debated solution to a market weighed down by a glut of excess permits passed its biggest hurdle yet this week, with the European Union's Parliament voting in...
View ArticleEUAs hit three-week high
European carbon prices are firmer across the board this week, with Dec13 EUAs, ERUs and CERs all stronger, Westpac reports.
View ArticleAussie emitters await election outcome
Australia's Federal election has been September 7 and the outcome will determine the fate of the Carbon Price Mechanism, but in the meantime, the business of compliance goes on. Westpac reports:
View ArticleNZUs rally but volume still light
Over the past two weeks the New Zealand Unit (NZU) price has traded from mid NZD2s to over NZD5, Westpac reports.
View ArticleCrunching the numbers
Westpac takes a look at the Ministry for the Environment's 2012 Facts and Figures report on the Emissions Trading Scheme, and analyses the potential impact on prices.
View ArticleNZU-EUR spread widens
The NZU market has seen a consolidation in prices around the $NZ4.00 level,while any flow coming to market is dictating short-term market direction of NZUs in what remains an illiquid market, Westpac...
View ArticleInternational update
Westpac's carbon analysts cast their eyes across the international carbon markets.
View ArticleToday's carbon prices
Spot NZUs have opened this morning slightly up on yesterday morning.
View ArticleGovt move makes one thing clear
Last Friday's highly anticipated Government announcement has provided the local market with much-needed certainty around the use of international units within the New Zealand Emissions Trading Scheme,...
View ArticleNZUs down a little
Westpac is back in the market this morning with NZU prices slightly down on last week.
View ArticleWestpac world markets wrap
It's surrender time in Australia, election time in New Zealand and reduction time in Europe.
View ArticleWhat's happening on international markets
Westpac traders take a look at developments in international carbon market:.
View ArticleInternational wrap-up
WESTPAC'S carbon desk takes a look at developments on international markets.
View ArticleCalifornia moves on offset units
California issues the first round of second-generation offset units (CCO3s), and the United States and China hold high-level talks on climate change as that country looks to expand its pilot emissions...
View ArticleCarbon world roundup
Westpac's carbon desk takes a look over events in the world of international carbon.
View ArticleIt's all eyes on the election
New Zealand has had a quiet week, with the market slowly softening as volumescome to market in small parcels, says Westpac's carbon desk.
View ArticleMARKET LATEST: NZUs $39.20
SPOT NZUs were $39.00 bid and $39.40 offered on CommTrade this morning, after last fixing at $39.20.
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