Asia Pacific > UPDATE – New Zealand sells entire 2021 cost containment reserve as carbon permit auction clears at record

UPDATE – New Zealand sells entire 2021 cost containment reserve as carbon permit auction clears at record

Published 01:18 on September 1, 2021  /  Last updated at 17:03 on September 7, 2021  / /  Asia Pacific, New Zealand

New Zealand's carbon permit auction cleared at a record high of NZ$53.85 ($37.97) on Wednesday, with ravenous buyers snapping up all 7 million units for 2021 under the market's new cost containment reserve, along with the 4.75 mln on offer in the sale, before continuing with a spectacular secondary market bull run.
New Zealand's carbon permit auction cleared at a record high of NZ$53.85 ($37.97) on Wednesday, with ravenous buyers snapping up all 7 million units for 2021 under the market's new cost containment reserve, along with the 4.75 mln on offer in the sale, before continuing with a spectacular secondary market bull run.


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