NZ traders see carbon at $10 a tonne by Christmas, foresters hopeful

Mon, 14 Dec 2015

By Pattrick Smellie Dec. 14 (BusinessDesk) - The New Zealand price of carbon is closing on $10 a tonne and could reach that level before the end of the year, says carbon trading house OMF, spurred by the global climate change agreement in Paris and signs the government will remove subsidies to major industrial emitters in next year's review of the emissions trading scheme. New Zealand Units, equivalent to a tonne of carbon each, broke through $9 for the first time since October 2011 this morning and were trading at $9.30 by mid-afternoon,...

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