Carbon hits $15 a tonne benchmark following Budget ETS decisions
By Pattrick Smellie May 27 (BusinessDesk) - The price of a tonne of New Zealand carbon in the emissions trading scheme has pushed through $15, creating theoretically breakeven conditions for forestry planting based on carbon farming. Climate Change Minister Paula Bennett co...
BUDGET 2016: Industry’s ETS subsidy axed; $25 a tonne carbon cap remains
By Pattrick Smellie May 26 (BusinessDesk) - Electricity producers, transport fuel providers and industries with high carbon emissions will lose access to the subsidy that requires them to offset only half their emissions, Climate Change Minister Paula Bennett announced in the...
BUDGET 2016: Households, migrants and tourists to keep economy chugging
By Pattrick Smellie May 26 (BusinessDesk) - Population growth, tourism, construction and low interest rates will underpin a robust economic outlook for the next four years, but the Budget forecasts show little change in growth rates from those forecast in the Budget a year ago...
NZX toughens enquiry process for sudden share price movements
By Pattrick Smellie May 26 (BusinessDesk) - New Zealand's stock exchange operator, NZX, is to start making confidential enquiries of listed companies that experience large, unexplained share price movements, to determine whether they may be holding undisclosed "material" infor...
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