• NZUs appear better bid at present
• International units are necessary all the way to 2050 and beyond.
Spot NZUs closed at $24.25.
Overall, even though the May 2020 forward prices are up near the $25 cap, NZUs feel better bid at present. This might have something to do with the view that once all the carbon legislation hits the floor of the House soon, it will become clear that prices are going much higher in the years ahead.
Despite some saying we shouldn’t access international markets to help us meet Paris or the zero carbon…