• NZUs $28.50 last and rising.
• Where is the supply this year?
• More on the first auction possible outcome
• The ETS Reform Bill – third and final reading a couple of weeks away
NZUs closed at $28.50 yesterday and volumes are starting to increase. It is quite likely that we will take out the January 2020 all-time high of $29.20 as demand is strong. We often joke in the carbon market that the “first through the door often gets shot” but in most cases it is the exact opposite when we create…