• NZUs edge towards $25
• What and when are legislative changes happening?
• Election risks?
Spot NZUs continued to edge towards $25, closing up 3 cents to $24.88. As mentioned yesterday, buyers appear to be looking past the $25 cap, past 2019 and well into 2020 and beyond.
Spring is here and we expect legislation to be springing up in the House very soon. We will see changes (introduced) to the Climate Change Response Act (CCRA) and the introduction on the Zero Carbon Bill (ZCB). We believe the government’s expectation is to pass all of…