ETS decisions to kill NZ carbon market for years

Tue, 03 Jul 2012

By Pattrick Smellie July 3 (BusinessDesk) - Government decisions to leave the emissions trading scheme at current settings indefinitely means the New Zealand carbon market has been "buried in a six-foot hole," says Nigel Brunel, head of carbon and energy trading at OM Financial. While Carbon Match principal Lizzie Chambers says "suspended animation" is more accurate, the impact of the government's ETS reform decisions, announced Monday, will likely keep international carbon emissions reduction units (CERs) cheaper than New Zealand-produced Un...

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