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

Arise Winston, minister of railways
Policy Analysis

Arise Winston, minister of railways

The NZ First leader has regained ministerial oversight over KiwiRail.

Mission economy, AI's hopes and fears, and more...
Policy Business of Government

Mission economy, AI's hopes and fears, and more...

Our weekly roundup of public sector news and analysis.

Jem Traylen 11 Dec 2024
Winston Peters pledges to support mill workers
Policy

Winston Peters pledges to support mill workers

Kinleith mill owners have extended consultation period. 

Staff reporters 10 Dec 2024
Greyhound racing to end
Primary Sector

Greyhound racing to end

Winston Peters says it will be phased out over 20 months.

Riley Kennedy 10 Dec 2024