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Effective carbon price-cap will hit $35 this year

Tuesday 2 Jun 20 12:00pm

THE EFFECTIVEprice cap on carbon prices in New Zealand will go to $35 this year.

A supplementary order paper before Parliament today lifts the fixed-price option under the Emissions Trading Scheme a clause allowing emitters to pay money instead of surrendering carbon credits from $25 to $35.

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