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

NZME chief financial officer David Mackrell resigns, to join Sky TV
Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV

NZME is losing one of its long-established executives as he switches to the top table at Sky Television.NZME chief financial officer David Mackrell has resigned and will join Sky as its new chief financial officer in January, the two publicly listed companies have revealed in sep...

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025