• NZUs quiet but not for long
• ETS and ZCB legislation “imminent”
Spot NZUs closed at $24.75.
We are expecting the Climate Change Response (Zero Carbon) Amendment Bill to come back into parliament next Monday for its second reading. It will then go to the Committee of the whole House before coming back in for its third and final reading. It then gets voted on and if approved (as expected), it goes to the Governor General for the Royal Assent (red rubber stamp). All of this is expected to happen by year-end. What is quite amazing…