NZUs push new heights

Well unfortunately Omicron didn’t go on holiday and nor did New Zealand Units, which have again pushed to new records.  You may not appreciate the comparison but this year New Zealanders will certainly feel the effects of both.

The Carbon Match trading platform has been dynamic over the last two weeks and there have been buyers aplenty. But they’ve had to pay ever-increasing asking prices - sellers still want to sit it out and “see where we get to”.  

And who can blame them? The price has been moving up fast.

NZUs began this year at about $68.50 -  already about $30 more than the spot NZU price in early January 2021.  

But as more buyers have returned to market this week, we’ve seen further appreciation every day with a new high yesterday of $74.50.  

Read more on our Carbon Match newsletter.