Forestry and the Emissions Trading Scheme
Price Update
Since the last issue of Wood Maters the NZU market price has continued to increase and is currently trading at around $14.20 per NZU.
Market commentators are reporting the announcement around the timing and structure of any removal of the 2 for 1 transitional measures will likely be delivered with the government budget, which is 26 May 2016.
The figure below shows the recent carbon credit prices for EUAs, CERs, NZUs and ERUs. Note that from 1st June 2015 only NZUs or New Zealand AAUs are valid units in the NZ ETS. EUAs are valid units for trading within the European Union.
Figure 1: Recent Carbon Prices - NZ$/t CO2e – Real (CPI adjusted)
