Asia Pacific > NZ Climate Commission warns of material NZU oversupply, calls for large cuts to auction volumes  

NZ Climate Commission warns of material NZU oversupply, calls for large cuts to auction volumes  

Published 00:05 on March 12, 2024  /  Last updated at 00:05 on March 12, 2024  / /  Asia Pacific, New Zealand

The volume of NZUs available at auction must be dramatically reduced to cut a surplus in New Zealand’s ETS that threatens to undermine its effectiveness, the country’s Climate Change Commission (CCC) said Tuesday.
The volume of NZUs available at auction must be dramatically reduced to cut a surplus in New Zealand’s ETS that threatens to undermine its effectiveness, the country’s Climate Change Commission (CCC) said Tuesday.


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