Carbon prices now and the shape of things to come

Climate change minister James Shaw is watching carbon prices and international policy closely (Image: BusinessDesk)

Fri, 23 Jul 2021

Carbon prices have increased about 30% over the past two months with market experts saying this could foreshadow things to come. In May, carbon prices were floating around the $36 and $37 mark. Recently, Jarden’s CommTrade and Carbon Match’s platform exchanged New Zealand Units at $48.10. “The market probably thinks it needs to be higher,” said Jarden’s head of institutional commodities, Nigel Brunel. “We've seen offshore markets such as Europe and the UK come up on the $90 mark. Th...

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