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NZ carbon price hits highest level in more than 6 years

5 0 48
30.11.2017

The New Zealand carbon price hit its highest level in more than six years on speculation the Labour-led government is likely to lift a cap on the maximum price emitters pay.

The price for a New Zealand carbon unit under the Emissions Trading Scheme last traded this morning at $19.85 per tonne, the highest level since May 2011, having traded in a range around $19.30 a tonne for the past couple of weeks, according to brokerage OMF.

New Zealand is reviewing its emissions trading scheme, which currently includes a $25 per tonne cap on the price emitters have to pay the government for liable emissions. Green Party leader and climate change minister James Shaw told industry publication Carbon News that he........

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