Carbon prices plunge after auction

Carbon prices plunge after auction
Future forestry policy is one of the uncertainties hanging over carbon prices. (Image: NZME)
Ian Llewellyn
Carbon prices plunged after the first auction of New Zealand Units partially cleared on Wednesday.Four consecutive auctions failed in 2023, but the first of 2024 resulted in 2,974,300 NZ Units being sold of the 3,525,000 on offer.An NZ Unit (NZU) is a proxy under the emissions trading scheme (ETS) for one tonne of carbon, which emitters must surrender to settle their emissions.The units sold at $64, raising just over $190 million for the government’s coffers.The clearing price was at the same as the floor price, so under the auction rules...

More Markets

Gamification – it’s coming for you
Opinion

Simon Robertson: Gamification – it’s coming for you

How smart companies game your life to make money.

Simon Robertson 01 Nov 2025
NZ stocks end firm after Sky, Vulcan, annual meetings
Markets Market Close

NZ stocks end firm after Sky, Vulcan, annual meetings

There were 84 rises and 54 falls on the main board.

Jamie Gray 31 Oct 2025
Rising volumes push Port of Tauranga profit outlook higher
Primary Sector

Rising volumes push Port of Tauranga profit outlook higher

Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same...

Staff reporters 31 Oct 2025
SkyCity faces Adelaide reckoning by year-end
Markets

SkyCity faces Adelaide reckoning by year-end

Casino operator releases details about regulatory situation in Adelaide.

Dileepa Fonseka 31 Oct 2025