• NZUs above $29
• Directors face possible climate liability
NZUs finished the week at $29.15 and at this point look firm. There have been reasonable volumes transacted though there appears to be limited volume for sale from the forest sector.
There is an interesting market developing and the implications are still being understood. It’s clear that no one should hand over NZUs for their 2019 obligations but exactly what options to undertake still need to be considered. One of the main considerations is the likelihood that the Fixed Price Option (FPO) will rise to $35 for…