NZ carbon auction prices hold up

NZ carbon auction prices hold up
As markets around the world plunge, NZ's carbon market has held steady (Image: Depositphotos)
Ian Llewellyn
Markets around the world have been hit by turmoil but the New Zealand carbon auction has held steady, soaking up all available units at near the secondary market price.In the second auction of the year, NZ Units (a proxy for a tonne of carbon) cleared at $76.The secondary market was recently trading at between $75.75 and $77.35 per unit.There were 4.825 million NZUs available in the quarterly allocation and 1.3 million NZUs left from the annual cost containment reserve.All of them were snapped up by 17 successful bidders from 26 participants.Th...

More Markets

FPH, Fletcher drive NZ stocks lower
Markets Market Close

FPH, Fletcher drive NZ stocks lower

Dips for Fisher and Paykel Healthcare and Fletcher Building drive market down.

Jamie Gray 16 May 2025
Two executives depart Bremworth
Primary Sector

Two executives depart Bremworth

The two resignations follow chief executive Greg Smith's departure. 

Riley Kennedy 16 May 2025
Forsyth Barr sees future upside in Briscoe initiatives
Retail

Forsyth Barr sees future upside in Briscoe initiatives

Management gave details on the company's roadmap for growth at the AGM on Thursday.

Gregor Thompson 16 May 2025