NZ Market: NZUs climb to new record high as available supply remain strained

Published 11:12 on August 3, 2021  /  Last updated at 04:55 on August 4, 2021  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances carved out a new record high in Tuesday trade, as limited available supply and healthy demand look set to fuel a new push towards the NZ$50 cost containment reserve trigger.

A previous version of this story said 7 mln NZUs from the cost containment reserve will be released into the market if the NZ ETS auction price reaches NZ$50. That has been corrected to show that only a sufficient number of allowances to meet the demand above NZ$50 at the auction will be released from the reserve.

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