Carbon prices reach new highs

Carbon prices reach a new high as climate change minister James Shaw monitors the market. (Image: BusinessDesk)

Wed, 26 Jan 2022

New Zealand carbon prices reached a new high of $75 on Tuesday with some picking they will only rise furtherMarket analysts said there is interest from those willing to buy New Zealand Units (NZUs) on the secondary market, but those holding sellable NZUs are holding on to them in the belief prices will keep rising.The first government auction of NZUs is due on March 16, with 4.8 million on offer. However, if the bid price is above the $70 ceiling price this will trigger the release of another seven million from a cost containment reserve - a me...

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