The New Zealand’s Exchange (NZX) and the European Energy Exchange (EEX) today launched the first auction for the New Zealand Emissions Trading Scheme (NZ ETS) – with strong uptake across key sectors of the New Zealand economy.
The first auction within the NZ ETS cleared at a price of 36 Dollar. The full volume of 4,750,000 New Zealand allowances (NZUs) was auctioned with 30 bidders being successful and a total of 40 bidders taking part in the auction. The cover ratio was 2.45. The auction results are available at: https://www.etsauctions.govt.nz/public/auction_noticeboard/12
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