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Forestry and the Emissions Trading Scheme - July

Price Update

The NZU market did not react to the announcement from Climate Change Minister Hon. Tim Groser that the Intended Nationally Determined Contribution (INDC) target New Zealand will take to Paris is a 30% reduction below 2005 levels by 2030. Trading continued at around $7.00 per NZU.

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.

CO2 Price trend

Figure 1: Recent Carbon Prices - NZ$/t CO2e – Real (CPI adjusted).

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