PREVIEW: NZ auction expected to clear above NZ$70, CCR to be entirely spent

Published 04:18 on June 13, 2022  /  Last updated at 04:18 on June 13, 2022  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand government's quarterly carbon allowance auction is set for this Wednesday, putting 4.825 million units out for sale on the NZX-EEX platform, with analysts expecting the cost containment reserve (CCR) to be completely exhausted leading to an upshoot in prices.

The New Zealand government’s quarterly carbon allowance auction is set for this Wednesday, putting 4.825 million units out for sale on the NZX-EEX platform, with analysts expecting the cost containment reserve (CCR) to be completely exhausted leading to an upshoot in prices.

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