New Zealand spot carbon price slides to record low | Energy & Oil | Reuters
WELLINGTON Nov 25 (Reuters) - New Zealand carbon
prices slumped to a record low over the week, dragged lower by a
crash in European prices and weak demand....However, lack of liquidity remains a burden on the market,
the only one outside of the European Union, with many forest
owners, the biggest sellers of NZUs, shunning the market."Many forest owners have packed up their trees and gone;
emitters are stunned that the premium in NZUs remains and simply
shun the market," said Nigel Brunel of OM Financial...."This is panic selling - many developers are un-hedged and
now everyone is dumping carbon," Brunel said, adding the
European carbon market "feels terminal and it looks terrible".
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