Methane emissions review: Carbon markets reveal more about policy than politicians

Agri-Zero board members Fraser Whineray and Neville Jordan flank CEO Wayne McNee at Parliament this week. (Image: BD)

Fri, 12 Apr 2024

The great thing about markets is that they don’t judge, they just tell.So, when the coalition government is committed to the emissions trading scheme (ETS) doing the heavy lifting in its climate change policy response, the expectation would be a rising carbon price.However, in the six days since the government announced another independent review of how to count methane emissions, the price of a New Zealand Unit (NZU) in the ETS has done nothing but fall.It was already pretty soggy at the end of last week, at $58.50 a tonne. The new...

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