Carbon auction should result in a stable carbon price ... maybe

The future of carbon farming is one factor which could influence carbon prices at this week's auction. (Image: DepositPhotos)

Ian Llewellyn

Tue, 14 Jun 2022

The second carbon auction of the year on Wednesday is expected to be ‘steady as she goes’ for carbon prices.Nigel Brunel, head of commodities at Jarden, believed participants would look to snap up the 1.3 million New Zealand Units (a proxy for a tonne of carbon) left in the annual cost containment reserve after 5.69m of the 7m available were snapped up at the first auction of the year.Aside from the NZUs in the reserve, the quarterly supply of 4.8m NZUs will also be available to buy.Most participants will be trying to get as low a p...

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