Profit-takers stall carbon price, but $20 in sight for Xmas: OMF

Tue, 24 Oct 2017

By Pattrick Smellie Oct. 24 (BusinessDesk) - The price of carbon in the New Zealand emissions trading scheme is nudging $19 a tonne and could reach $20 a tonne by Christmas, says the director for financial markets at OMF, which operates a carbon trading platform. However, with carbon prices hitting their highest price in six-and-a-half years, the OMF's Nigel Brunel said profit-takers were emerging despite the prospect of "much, much, much higher carbon prices" emerging as a new Labour-led administration looks to tackle climate change more...

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