NZUs closed up 10 cents in quiet trade at $23.60.
The government will make an announcement after market today (5.15pm) on recent decisions taken on the ETS.
What can we expect?
We don’t expect any major surprises as the government has been methodical around announcements and expected changes to the ETS. Many of these require changes in legislation and it’s been well signalled that the current ETS is not fit for purpose to meet our Paris commitment and track towards net zero by 2050.
Here is what is in store for our ETS – some or all of which could…