Carbon auction partially clears raising $258m for Govt

Carbon auction partially clears raising $258m for Govt
Finance Minister Nicola Willis gets an early Christmas present. (Image: NZME)
Ian Llewellyn
The last carbon auction of the year has partially cleared, raising $258 million for the Government.There were 4,032,500 New Zealand Units sold. NZUs are a proxy for one tonne of carbon and are used by emitters to settle the emissions within trading scheme requirements.The 11,125,700 NZUs were on offer at an auction floor price of $64. More NZUs could have been sold, but the trigger price was so high that there was a near-zero chance of it happening.Instead, 10 participants all made successful bids and the clearing price of $64 applied to everyo...

More Markets

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Forsyth Barr highlights 'hidden gem' at Ebos
Markets

Forsyth Barr highlights 'hidden gem' at Ebos

Both businesses were part of its A$1.16b LifeHealthcare acquisition.