With carbon unit prices decreasing to NZ$48 (AU$44) per metric tonne of CO2 equivalent from a peak of NZ$88.50 (AU$82) in November 2022, New Zealand’s carbon market, a component of the government’s Emissions Trading Scheme (ETS), struck a two-year low this June. A 2008 government initiative known as the ETS controls greenhouse gas emissions for particular… Read more »