Carbon prices reach new highs

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

More Economy

OceanaGold says new Waihi mine will yield 34 million grams of gold
Economy

OceanaGold says new Waihi mine will yield 34 million grams of gold

Wharekirauponga Underground is one of the Government's fast-track projects.

Greg Hurrell 12 Dec 2024
Card spending eases in November vs October
Retail

Card spending eases in November vs October

But there is cheer for the hospitality industry. 

NZers fear RBNZ's digital currency plan's privacy risks
Economy

NZers fear RBNZ's digital currency plan's privacy risks

The biggest concern about digital cash is the potential for Government control.

Rebecca Howard 10 Dec 2024
RBA set to keep rates steady while growth concerns linger
Finance

RBA set to keep rates steady while growth concerns linger

The central bank’s policy meeting is slated for Tuesday