Carbon price jumps after Climate Change Commission advice

Carbon price jumps after Climate Change Commission advice
Climate change minister James Shaw has welcomed the Climate Change Commission's advice on ETS settings (Image: BusinessDesk).
Oliver Lewis
New Zealand's carbon prices jumped more than 10% in response to proposed changes to Emissions Trading Scheme (ETS) settings.The spot price of New Zealand Units (NZUs) trading on Jarden’s Commtrade platform reached a high of more than $82 on Wednesday morning, up from about $72.50 the day before. Early this afternoon, the NZU price settled back slightly to $81.The spike occurred after the Climate Change Commission released its recommendations on possible changes to ETS settings, which included lowering the number of NZUs available at a...

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