NZUs steady as budgets tightened

Posted: 09 May 2022

NZUs are offered on Carbon Match at $76.50 today, as Minister James Shaw announced New Zealand's first three emissions budgets covering the period from 2022 to 2035.

These have been finalised / announced in principle at tighter levels than previously signalled by Government last year. The first budget instead now looks to be back in line with original recommendations made by the Climate Change Commission, with the following two budgets looking tougher than those proposed in last year's advice from the Commission.