The spot price of emission credits in New Zealand’s carbon market gained 0.8 percent last week on low trade volumes, Auckland-based broker OMFinancial Ltd. said.
Spot carbon credits traded at NZ$19.45 ($15.04) a metric ton compared with NZ$19.30 a week earlier, the broker said in an e-mailed statement today. Companies in New Zealand that emit greenhouse gases have the option to pay a tax of NZ$25 a ton of emissions or buy the contracts.
