NZ carbon price hits highest level in more than 6 years as govt seen lifting price cap

Wed, 29 Nov 2017

By Tina Morrison Nov. 30 (BusinessDesk) - The New Zealand carbon price hit its highest level in more than six years on speculation the Labour-led government is likely to lift a cap on the maximum price emitters pay. The price for a New Zealand carbon unit under the Emissions Trading Scheme last traded this morning at $19.85 per tonne, the highest level since May 2011, having traded in a range around $19.30 a tonne for the past couple of weeks, according to brokerage OMF. New Zealand is reviewing its emissions trading scheme, which cur...

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