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  /  No Comments

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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