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NZ carbon rebounds as buyers return

Posted on 25 November 2013

Spot permits in New Zealand’s emissions trading scheme gained 3.2 per cent this week to close on Friday at NZ$3.25, as firmer demand and dissipating supply put an end to five straight weeks of losses, traders said. The spot New Zealand Units gained 10 cents from last Friday as emitters came in to pick up permits offered at prices 25 per cent lower than two months ago.
“There remains support from buyers in the low 3s as they continue to accrue units for their liabilities,” one trader said………………………………………..Full Article: Source


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