Carbon fund takes 20% hit as prices collapse

Carbon fund takes 20% hit as prices collapse
A cabinet decision has smacked around the fortunes of carbon fund investors. (Image: BusinessDesk)
Ian Llewellyn
Salt Management’s carbon fund has reported a more than 20% loss in the 12 months to March, underlining the collapse in carbon prices in the last months of 2022.Salt’s fund is one of the few ways retail investors can get exposure to carbon prices, which are set by secondary markets dealing with New Zealand Units (NZUs). These are the equivalent of one tonne of carbon and must be surrendered by those who emit carbon under the emissions trading scheme (ETS).In its latest quarterly report, Salt said it had $80.9 million in the fund. Of...

More Policy

NZ's space sector revenue grows over 50% in five years
Policy

NZ's space sector revenue grows over 50% in five years

Advanced aviation is also a growing sector, according to a new industry survey.

Greg Hurrell 09 May 2025
Two housing projects snare first fast-track panels
Policy

Two housing projects snare first fast-track panels

Applications opened on Feb 7. Now we have our first panels.

Oliver Lewis 08 May 2025
Agriculture the winner in senior science advisory roles
Primary Sector

Agriculture the winner in senior science advisory roles

The Science & Technology Advisory Council is weighted towards the dairy industry.

Greg Hurrell 08 May 2025
John Key, Helen Clark united in 'bed tax' support
Policy

John Key, Helen Clark united in 'bed tax' support

The former Prime Ministers are buying what Wayne Brown is selling.

Oliver Lewis 07 May 2025