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Carbon volatility makes tomorrow's auction hard to pick

Tuesday 15 Mar 22 11:30am


LAST month, tomorrow's ETS auction seemed a foregone conclusion. The price of NZUs had hit an all time high of $86.25 and with a price containment reserve of just $70, the reserve's 7 million additional NZUs seemed certain to be snapped up.

Now all bets are off. With the NZU price hovering just above the $70 mark on the spot market it's anyone's guess where the price will settle at tomorrow's auction.

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