Carbon market chaos and confusion

Carbon market chaos and confusion
Government policy confusion causes plunge in carbon prices and stops tree planting. (Image: Getty)
Ian Llewellyn
The fall in carbon prices is due to chaotic policy and confusion in the market that will cut forest planting and emissions reductions, say market participants.The decline in New Zealand units (NZUs – the equivalent of one tonne of carbon) continued last week, all driven by government policy decisions or the lack thereof.The fall from the peak of $88.50 in November began with cabinet declining to follow Climate Change Commission advice on tightening Emissions Trading Scheme (ETS) settings.The announcement that a review was coming helped pu...

More Primary Sector

Nick Beeby appointed CEO of NZ Meat Board
Primary Sector

Nick Beeby appointed CEO of NZ Meat Board

Nick Beeby has been permanently appointed the chief executive of the New Zealand Meat Board (NZMB).He has been acting in the job since Sam McIvor, also the CEO of Beef + Lamb NZ (BLNZ), left the role in July last year.Beeby joined NZMB as general manager of quota and information...

Staff reporters 14 Jan 2025
Scott Tech lands $18m in meat processing deals
Primary Sector

Scott Tech lands $18m in meat processing deals

The contracts will be recognised across Scott’s 2025 and 2026 financial years.

Ben Moore 14 Jan 2025
Australia red meat exports hit record levels – again
Primary Sector

Australia red meat exports hit record levels – again

Large volumes across the Tasman weigh on New Zealand prices.

Riley Kennedy 14 Jan 2025
Foot-and-mouth detected in Germany for first time in 40 years
Primary Sector

Foot-and-mouth detected in Germany for first time in 40 years

German authorities confirmed the country's first outbreak of foot-and-mouth disease in nearly 40 years last week in a herd of water buffalo on the outskirts of Berlin.On Friday, the World Organisation for Animal Health (Woah), an intergovernmental organisation tasked with pre...

Staff reporters 13 Jan 2025