NZ Government does not follow CCC Advice

The New Zealand government's recent update to the Emissions Trading Scheme (ETS) for 2023 featured significantly lower carbon allowance prices and volumes than recommended by the Climate Change Commission (CCC). The CCC had advised a steep increase in carbon auction...

Permanent Exotic Forest in the ETS

A government proposal to keep permanent exotic forests out of the ETS appears to have been reversed. The government had proposed, on advice from the Climate Change Commission that exotic trees in permanent forests would not be eligible to claim credits for the entire...

CMS Takes Part in the First NZ NZU Auction

In March 2021 CMS participated in the first NZ NZU auction, where the NZ Government released 4.75 units for sale. The auction was a success with strong uptake and all units were sold at clearing price of NZ$36/unit. There were 40 bidders of which 30, including CMS,...