Scoop has an Ethical Paywall
First NZ ETS Auction For 2024 Partially Clears
The first New Zealand Emissions Trading Scheme (NZ ETS) auction of 2024 resulted in a partial clearance today, marking the first time New Zealand Units (NZUs) have been sold at auction since December 2022, Climate Change Minister Simon Watts says.
“While today’s auction result is positive for auction participants, there is still work to do to restore confidence and stability to the ETS.
“Ensuring that New Zealand has a strong and stable ETS is crucial to support meeting our emissions budgets and targets.”
In this auction, 2,974,300 unit sold, of a total 3,525,000 units available.
A partial clearance occurs when there are sufficient bids for some but not all of the NZUs on offer. This can happen when all bids are above the confidential reserve price, or when the confidential reserve price is calculated less than the auction floor price.
The next auction will be on the 19 June 2024.
Gordon Campbell: On bird flu, AUKUS entry fees and Cindy Lee
NZ Government: New Lab To Help Protect Key Pacific Tuna Fisheries
Susan Botting - Local Democracy Reporter: Ruawai Leader Slams Kaipara Council In Battle Over $400k Property
Te Pati Maori: Another ‘Stolen Generation’ Enabled By Court Ruling On Waitangi Tribunal Summons
Peace Action Wellington: Die In for Palestine Marks ANZAC day
Labour Party: Penny Drops – But What About Seymour And Peters?
Government: PM Announces Changes To Portfolios
