Carbon price jumps after Climate Change Commission advice

Climate change minister James Shaw has welcomed the Climate Change Commission's advice on ETS settings (Image: BusinessDesk).

Oliver Lewis

Wed, 27 Jul 2022

New Zealand's carbon prices jumped more than 10% in response to proposed changes to Emissions Trading Scheme (ETS) settings.The spot price of New Zealand Units (NZUs) trading on Jarden’s Commtrade platform reached a high of more than $82 on Wednesday morning, up from about $72.50 the day before. Early this afternoon, the NZU price settled back slightly to $81.The spike occurred after the Climate Change Commission released its recommendations on possible changes to ETS settings, which included lowering the number of NZUs available at a...

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