Uncertainty looms over last carbon auction

The potential for a glut of NZUs as farms are planted in forests hangs over this week's carbon auction. (Image: Getty)

Mon, 05 Dec 2022

The final carbon auction of the year is on Wednesday amid uncertainty about future emissions trading scheme settings and other political unknowns.The year’s fourth auction is offering 4.82 million New Zealand Units (NZUs) with the cost containment reserve soaked up previously.Since the last auction cleared at $85.40, prices on the secondary market spiked as high as $88.50. In recent times they have fallen back to around the $83 mark and on Friday afternoon, secondary market prices were as low as $82.25.Those involved in the secondary mark...

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