Auction platform passes first test

Today 12:00pm - New Zealand’s new carbon-auctioning seems to be working smoothly.

MARKET LATEST: NZUs $38.50

Today 12:00pm - Spot NZUs opened at $38.20 bid and $38.60 offered on CommTrade this morning, after last fixing at $38.50.

WORTH NOTING...

Today 12:00pm - Testing of the country’s new carbon-auction regime continues today.

MARKET LATEST: NZUs $38.40

Wednesday - Spot NZUs opened at $38.20 bid and $38.60 offered on CommTrade this morning, after last fixing at $38.40.

WORTH NOTING ...

Wednesday - The country’s new carbon-auctioning regime is being put through its paces today and tomorrow with a simulated auction. The first real auction will be on March 17.

TEN YEARS AGO ...

Wednesday - Ten years ago, Federated Farmers was asking Climate Minister Nick Smith to put his promise to keep agricultural out of the Emissions Trading Scheme in writing.

MARKET LATEST: $38.40

Tuesday - Spot NZUs opened at $38.20 bid and $38.60 offered on CommTrade this morning, after last fixing at $38.40.

EDITORIAL: It's about to get real

Tuesday - Welcome to 2021 – the year in which we will get our first hard look at the size of the job in front of us.

WORTH NOTING ...

Tuesday - Simulated auctions of NZUs to test the new regime will be held tomorrow and on Thursday.

MARKET LATEST: NZUs $38.40

Monday - Spot NZUs opened at $38.20 bid and $38.60 offered on CommTrade this morning, after last fixing at $38.40.

MARKET LATEST: NZUs $38.32

22 Jan 21 - Spot NZUs opened at $38.20 bid and $38.60 offered on CommTrade this morning, after last fixing at $38.32.

MARKET LATEST: NZUS $38.40

21 Jan 21 - Spot NZUs opened at $38.20 bid and $38.60 offered on CommTrade this morning, after last fixing at $38.40.

MARKET LATEST: NZUs $38.40

20 Jan 21 - Spot NZUs opened at $38.20 bid and $38.60 offered on CommTrade this morning, after last fixing at $38.40.

MARKET LATEST: NZUs $38.20

19 Jan 21 - Spot NZUs opened at $38.20 bid and $38.60 offered on CommTrade this morning, after last fixing at $38.20.

MARKET LATEST: NZUS $38.45

18 Jan 21 - Spot NZUs opened at $38.00 bid and $38.60 offered this morning, after last fixing at $38.45.

MARKET LATEST: NZUs $38.40

15 Jan 21 - Spot NZUs were at $38.30 bid and $38.50 offered on CommTrade this morning, after last fixing at $38.40.

MARKET LATEST: NZUs $38.20

14 Jan 21 - Spot NZUs opened at $38.15 bid and $38.30 offered on CommTrade this morning, after last fixing at $38.20.

MARKET LATEST: NZUS $37.95

13 Jan 21 - Spot NZUs opened at $37.90 bid and $38.00 offered on CommTrade this morning, after last fixing at $37.95.

Auctioning system to be tested

13 Jan 21 - Simulated auctions of NZUs will be held on January 27 and 28 to test whether the country is ready for the new auctioning regime.

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