First carbon auction of the year could be a no-show

First carbon auction of the year could be a no-show
Cabinet ignored climate change minister James Shaw's view on carbon prices and the market has tanked. (Image: NZME)
Ian Llewellyn
The first carbon auction of the year takes place on Wednesday amid a stagnating secondary market with speculation that it might fail to clear for the first time and no New Zealand Units will be sold.NZUs were trading at $88.50 last November on the secondary market. They are now trading at below $67.The collapse in price followed cabinet declining a critical part of the Climate Change Commission (CCC) advice that would have tightened up the supply of units to the emissions trading scheme.Cabinet papers show that ministers were more concerned abo...

More Policy

Govt to toll three new highways
Policy

Govt to toll three new highways

The Transport Minister has unveiled reforms to support more toll roads.

Oliver Lewis 13 Dec 2024
Kiwibank won't bring banking Revolut-ion
Finance

Kiwibank won't bring banking Revolut-ion

Forget Kiwibank. Revolut is the force big banks will have to reckon with, expert says.

ACC under review as levies rise
Policy

ACC under review as levies rise

The review aims to speed up rehabilitation times.

Jem Traylen 12 Dec 2024
Arise Winston, minister of railways
Policy Analysis

Arise Winston, minister of railways

The NZ First leader has regained ministerial oversight over KiwiRail.

Oliver Lewis 12 Dec 2024