New Zealand news‎ > ‎

73% of 2011 ETS from offshore

posted Aug 7, 2012, 4:45 AM by ema-1 ema-1   [ updated Aug 7, 2012, 4:54 PM ]
"international prices fell to as low as $8 a tonne by the last year, and have been even lower during 2012, as a glut of European carbon credits floods the fledgling global market. As a result, some 73% of all units surrendered in 2011 came from offshore sources and the 2.1 million forestry-based New Zealand Units surrendered for the 12 month period was less than half the 5.3 million units surrendered in 2010, when the scheme had only run for six months"


News service provided by: www.energymonitor.org.nz
Comments