• Carbon under pressure
• Last consultation closes today
Carbon is under pressure at present – not just in New Zealand. European prices are under pressure mainly because energy prices are down in the wake of the COVID 19 outbreak. Both oil and gas prices have slumped as fears the virus will significantly impact global growth. This has always been the big fundamental that will curb the carbon price rise.
NZUs remain defensive but it’s mainly due to the arbitrage for emitters and some foresters. Our scheme is domestic only so at present it’s somewhat immune to…