Carbon prices drop more than 10% off record high

Climate change minister James Shaw has raised concerns about forestry's potential to crash carbon prices. (Image: NZME)

Tue, 04 Oct 2022

Policy uncertainty and risk-averse investor sentiment are probably the main drivers of a more than 10% fall in carbon prices from their record high, say market participants.New Zealand Units (NZUs) – an equivalent of one tonne of carbon dioxide emissions – were recently trading at $78.The last carbon auction on Sept 7 cleared at $85.40 a unit. This was below the then record-high secondary market price of $88.50 reached just before the auction.Jarden’s head of commodities, Nigel Brunel, said, “It’s a bit of a 'r...

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