Carbon prices bounce after court ruling

Climate change minister James Shaw has to reconsider ETS settings. (Image: BusinessDesk)

Mon, 17 Jul 2023

Carbon prices bounced back on Monday in the wake of Thursday’s high court decision telling the government to reconsider emissions trading scheme settings.Secondary market prices for New Zealand Units (NZUs, a proxy for one tonne of carbon) closed near the $38 mark ahead of the Matariki long weekend holiday and before the release of the court judgment.At midday on Monday, Jarden’s CommTrade recorded the last fixed trade at $48.50. EMS Tradepoint platform’s units were at $40.Jarden does not publicly release volumes, but EMS Trad...

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