Govt leaves door open for higher emissions price cap

Thu, 13 Dec 2018

By Gavin Evans Dec. 14 (BusinessDesk) - The government appears to have left the door open for an increase in emission prices before it moves to regular auctions of emission units in 2020. Acting Climate Change Minister Julie Anne Genter this week confirmed the current $25 cap will apply as the fixed-price option for next year’s surrenders – those relating to 2018 emissions. But the government was silent on the price that will apply for surrenders due in 2020 for emissions generated during the coming year, or the process it will use for...

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