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Govt looking again at reserve price for auctions

Monday 2 Nov 20 10:00am

 

CLIMATE minister James Shaw is seeking new advice from officials on including a technical reserve price in the new carbon-auctioning regime.

A Government decision to go ahead with the first auction, on March 17, without a technical reserve in place has raised speculation that spot NZUs could sell for as little as $20, well below the current secondary market price of around $35.

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