Black Friday for carbon markets

Climate change minister rolled by Labour colleagues over carbon prices. (Image: NZME)

Fri, 16 Dec 2022

Labour ministers have moved to ensure rising carbon prices do not hit people’s pockets in election year by ignoring Climate Change Commission advice.Cabinet decisions on Emissions Trading Scheme (ETS) settings were released by the Ministry for the Environment yesterday evening.The commission had advised on tightening the supply of New Zealand Units (NZUs) sold in auction with a much higher reserve price. Alongside this, it advised a more than doubling of the price at which more NZUs are added into the market through the cost containm...

Unlock all stories free for 10 days

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

We won’t charge for 10 days. You can cancel anytime with two clicks, an email or a phone call. Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

You will be charged in 10 days unless you cancel beforehand.
We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Finance

Pattrick Smellie: A stampede of local government asset sale proposals

Pattrick Smellie 5:00am

Markets

Reverberations for Ebos in Chemist Warehouse reverse listing

It won't happen overnight, but it will happen.

Paul McBeth 5:00am

Reverberations for Ebos in Chemist Warehouse reverse listing

Politics

NZ should say no thanks to Aukus: Don Brash

Former National party leader Don Brash says NZ should not choose between the US and China.

Dileepa Fonseka 5:00am

NZ should say no thanks to Aukus: Don Brash

Sponsored

EVs are popular – but what about the charging network?

Broadband fibre could be key to national charger system that will not frustrate drivers.

Chorus

Sponsored

CoP this: making bank transfers safer

New CoP technology: more security against scams, fraud and errors.

Worldline

More Policy

Policy

Govt reconfirms plans to repeal FPAs, extend 90-day trials

The government has confirmed that it will repeal fair pay agreements and extend 90-day trial periods before Christmas.Following cabinet's meeting on Monday, Brooke van Velden said work to repeal fair pay agreements (FPAs) by Christmas.Under the previous government, FPAs were...

Staff reporters 11 Dec 2023