On March 15, 2023, the New Zealand Unit (NZU) auction suffered a significant failure, with the auction closing with no trades made. This event was a disappointment for the New Zealand government, which had been hoping the auction to be successful and contribute to its...

For some of the latest changes and updates to the NZ ETS, please follow the link below...

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...

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 has recently started developing carbon projects in New Zealand for the voluntary market. The project types will be soil carbon and wetland rehabilitation. This is in response to customer demand for local projects that also impact local nature and biodiversity. CMS...

CMS retires Gold Standard VERs to New Zealand Post to offset customer-to-customer sending associated with carbon-neutral person-to-person sending in FY22 as part of a three-year contract to supply voluntary carbon credits.

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,...

https://www.scoop.co.nz/stories/BU0908/S00059.htm