Boom and bust risk in current ETS forestry settings

The position of Māori forest owners is of particular interest to the commission. (Image: Getty)

Thu, 27 Apr 2023

Both the New Zealand forestry sector and the price of carbon in the emissions trading scheme are at risk of going through boom and bust cycles by the mid-2030s, the Climate Change Commission is warning.One way to help prevent that would be to reduce the amount of free allocation of carbon units to heavy industry that is exposed to international competition, but which the Climate Change Commission (CCC) believes could be cut back from current levels, which are unnecessarily generous.The problem relates to the fact that, as trees planted to captu...

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Markets Market close

NZ sharemarket enjoys good week with fourth gain

The S&P/NZX 50 Index closed at 11,938.08, up 64.04 points or 0.54%.

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Auditor general scolds Waikato University over Joyce contract

The action relates to services provided by the former finance minister.

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Auditor general scolds Waikato University over Joyce contract

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