Expectations grow that NZU auction will tap into reserve

Published 07:55 on August 24, 2021  /  Last updated at 00:35 on August 25, 2021  /  Asia Pacific, New Zealand  /  No Comments

The spot price for New Zealand carbon allowances has risen above NZ$50 ($34.54) after the government announced changes to the ETS settings from next year, firming expectations that next week's NZU auction will tap into the 7-million cost containment reserve.

The spot price for New Zealand carbon allowances has risen above NZ$50 ($34.54) after the government announced changes to the ETS settings from next year, firming expectations that next week’s NZU auction will tap into the 7-million cost containment reserve.

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