Carbon 'cap' price needs to be $140 a tonne by 2030 - Climate Commission

Carbon 'cap' price needs to be $140 a tonne by 2030 - Climate Commission
Gavin Evans
The trigger for the price cap in the emissions trading scheme should be raised to $70 “as soon as practical” and adjusted annually to get it to $140 by 2030, the Climate Change Commission says.The cap – known as the cost-containment reserve trigger - is currently set at $50 a tonne. When auction prices for a tonne of carbon reach that level, the government automatically offers extra volumes of carbon credits to keep a lid on the cost NZ Units – the credits that carbon emitters must surrender under the scheme to offset th...

More Markets

NZ market flat: Tower rises
Markets

NZ market flat: Tower rises

The index declined 0.67% this week.

Graham Skellern 12 Apr 2024
CRP's trading halt lifted after clarifying fast-track statements
Primary Sector

CRP's trading halt lifted after clarifying fast-track statements

Chatham Rock Phosphate said it had been requested to apply for the new regime.

Ian Llewellyn 12 Apr 2024
Carbon markets reveal more about policy than politicians
Primary Sector

Pattrick Smellie: Carbon markets reveal more about policy than politicians

The sluggish carbon price tells what you need to know about climate policy.

Pattrick Smellie 12 Apr 2024
Who Fletcher's new CEO called in his first days
Markets

Who Fletcher's new CEO called in his first days

Nick Traber has to rebuild confidence in the embattled construction giant.