Govt thinks about competing in carbon trading

Govt thinks about competing in carbon trading
Does climate change minister James Shaw want the government to own and run a secondary carbon market? (Image: NZME)
Ian Llewellyn
Suggestions the government might go into competition with the private sector in carbon trading have met with a chilly reaction.Officials are floating the idea of the government running a secondary carbon trading market to the bemusement of those already running similar trading platforms.The Ministry for the Environment released a Request for Information seeking details on how an “optional” centrally cleared market for the trading of New Zealand Units (NZUs) on the secondary market of the Emissions Trading Scheme (ETS) might work.The...

More Markets

NZ sharemarket lifts off after Auckland Airport numbers
Markets Market close

NZ sharemarket lifts off after Auckland Airport numbers

The S&P/NZX 50 Index closed at 12,943.57, gaining 59.19 points or 0.46%.

Auckland Airport numbers bounce back
Markets

Auckland Airport numbers bounce back

Numbers highest since the pandemic hit five years ago.

NZD outlook: 2025 more about surviving
Markets

NZD outlook: 2025 more about surviving

The kiwi shed more than 11% in 2024, and we already see more downsides. 

Rate decision odds are tight, NZD set for a wild ride
Markets Best of BusinessDesk

Rate decision odds are tight, NZD set for a wild ride

It did turn out to be an understatement.