• NZUs drift slightly lower
• Auctioning proposals out for consultation
• Article 6 crucial to future of voluntary carbon market
NZUs drifted slightly lower yesterday in quiet trade, closing at $24.90. It’s relatively quiet. Support should be found around here as the price moves away from the fixed price option (FPO) and makes it attractive for emitters to buy NZUs.
The “Rules for Auctioning” document is out for consultation comprising around 70 pages! It covers four main points – (1) rules for auctioning; (2) proposals for price controls; (3) questions around the auction stages; and…