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Buying Euro credits would pay off, says trader

Wednesday 24 May 17 10:00am


NEW ZEALAND should hedge its international carbon risk by buying European carbon units, a broker says.

Nigel Brunel, who heads OMFinancial’s financial markets and brokered the first domestic carbon deal in New Zealand, says that that buying up to $400 million in European credits now could save the country a lot of money in the future.

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