Carbon prices drop at last auction of year

Carbon prices drop at last auction of year
Carbon traders are waiting to hear from climate change minister James Shaw on decisions on ETS settings. (Image: NZME)
Ian Llewellyn
The final carbon auction for the year cleared at $79, just below the secondary market price earlier this week and the first time they have dropped in price from the previous auction.All 4,825,000 New Zealand Units (NZUs) on offer were sold, raising $381 million for the government.NZUs, the equivalent of a tonne of carbon, were trading at a record $88.50 at one point in November, but slipped back to about $80 in recent days on the major secondary markets.Early data from the auction operator said there were 23 participants who made 213 bids, with...

More Policy

Supermarkets face break-up threat
Retail

Supermarkets face break-up threat

Forced and voluntary divestments are among potential outcomes.

Pattrick Smellie 30 Mar 2025
Developers make unsolicited bids for prime Chch rebuild site
Policy

Developers make unsolicited bids for prime Chch rebuild site

Crown Infrastructure Delivery is weighing up options for the massive site.

Oliver Lewis 28 Mar 2025
Govt support to unlock billions for community housing
Policy

Govt support to unlock billions for community housing

It's been called a watershed day for the community housing sector.

Oliver Lewis 27 Mar 2025
RMA replacements to end 'culture of no'
Policy

RMA replacements to end 'culture of no'

The Government looks to Japan as it unveils two replacement planning laws.

Oliver Lewis 24 Mar 2025