The Government has released a statement on developing a supply and management strategy for NZUs including possible auctioning of NZUs in the ETS. The announcement has few details and is focused on suppy issues rather than demand. However it does clarify that auctioning is a medium-long term option and will take at least 18 months to develop. This should alleviate fear from forest owners that Government could intervene in the short term to bolster supply of NZUs and drive prices lower.
Read the Ministry for Environment statement here.
Read the Ministry for Environment statement here.
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