MfE sees no need to investigate NZU price drop prior to govt announcement
20 Dec 2022
The Ministry for the Environment won’t be investigating a significant drop in the price of NZUs on the secondary market and the first drop in price at an ETS auction since the auctions began.
The drop in the price on both the secondary and primary markets roughly coincided with a Cabinet decision to reject advice from the Climate Change Commission to significantly increase the trigger price of the cost containment reserve, but preceded it being announced publicly.
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Story copyright © Carbon News 2022
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