Carbon prices bounce in 'Sliding Doors' moment

Climate change minister James Shaw's announcement bolstered carbon prices. (Image: NZME)

Wed, 26 Jul 2023

Carbon prices bounced up on Wednesday as the market responded to the government’s abrupt change of direction on emissions trading scheme settings.On Tuesday evening, climate change minister James Shaw said the Climate Change Commission’s (CCC) previously disregarded advice on emissions trading scheme (ETS) settings would largely be applied from December onwards.The initial refusal to tighten ETS settings was the start of a series of decisions and moves by the government, which sent secondary market carbon prices from a peak of $88.5...

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