• NZUs back at the Cap
• What would make carbon prices go down?
Spot NZUs finished up 12 cents and back at the $25 Cap on around 200,000 tonnes. As mentioned previously, this is very similar price action to this time last year and for many of the same reasons. The difference this time is that some of these reasons are going to be legislated this year. We think the price may go higher yet.
However, in terms of having some balance, even for just the writer’s benefit – what could make NZUs go down?