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

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024