Carbon Market: NZU update from Carbon Match

Wednesday 21 Mar 2018

As of last week, spot NZUs are still not quite getting their heads to the $21 mark, with the volume that has moved through Carbon Match so far this week trading at between $20.90 and $20.95, and a best bid of $20.85 right now.

Might we see more colour to this market in due course? Minister for Climate Change James Shaw today promised to "put some meat on the bones of the in-principle decisions the previous Government made around things like the current $25 fixed price option, and aligning ETS unit supply with our emissions reduction targets."

In his speech to the Downstream conference he said that the Zero Carbon Act should pass in mid-2019, with consultation on design of the Bill expected in June, and he also noted that in parallel work was underway on ETS improvements. Check out his thoughts here.

Carbon Match - best bid $20.85, best offer $21.00, why not jump on, take a view and add to the mix.

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Source: Carbon Match

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