UPDATE – New Zealand auction clears at NZ$70, releases most of cost containment reserve

Published 23:18 on March 15, 2022  /  Last updated at 00:29 on March 16, 2022  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s first carbon allowance auction of the year cleared at NZ$70 ($47.37), with almost 80% of the 2022 cost containment reserve (CCR) released.

(Updates with comments and background throughout)

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