31/07/2019

OMF Markets Daily Carbon Report

Written by Maddy Gwynne

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NZUs closed up 10 cents in quiet trade at $23.60.

The government will make an announcement after market today (5.15pm) on recent decisions taken on the ETS.

What can we expect?

We don’t expect any major surprises as the government has been methodical around announcements and expected changes to the ETS. Many of these require changes in legislation and it’s been well signalled that the current ETS is not fit for purpose to meet our Paris commitment and track towards net zero by 2050.

Here is what is in store for our ETS – some or all of which could…

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OMF Markets Carbon Report

24/06/2020

OVERVIEW • There is supply out there – at a price. COMMENTARY NZUs closed firm at $31. There appears to be ongoing concern about supply. The main point we would state here is do not rely on one source of supply – emitters should take a portfolio approach across all …

OMF Markets Carbon Report

17/06/2020

OVERVIEW • ETS Reform Bill passes third reading COMMENTARY The ETS Reform Bill passed its third and final reading yesterday. It’s taken twelve years to get back to where we started with the initial ETS brought in by Labour. It’s been a herculean effort by officials. Congratulations. Here is the …

OMF Markets Carbon Report

11/06/2020

OVERVIEW • Everybody knows • Financial impact on households is small • Is the $35 FPO a problem for the government? COMMENTARY There is a great song by Leonard Cohen called “Everybody Knows” – it’s a slightly depressive song but the classic opening line is “Everybody knows the dice are …

OMF Markets Daily Carbon Report

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