New Zealand launches consultation on NZU auction reserve price

Published 07:30 on February 11, 2021  /  Last updated at 23:21 on February 11, 2021  /  Asia Pacific, New Zealand  /  No Comments

New Zealand is proposing a confidential reserve price on NZU auctions meant to stop government sales of carbon allowances from clearing too far below secondary market prices, according to draft legislation released for public consultation on Thursday. 

New Zealand is proposing a confidential reserve price on NZU auctions meant to stop government sales of carbon allowances from clearing too far below secondary market prices, according to draft legislation released for public consultation on Thursday.

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