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New Zealand Carbon Credit Prices Unchanged as Buyers Choose CERs

The spot price of emission credits in New Zealand’s carbon market remained little changed last week as buyers opted for contracts in the global United Nations-backed market, Auckland-based broker OMFinancial Ltd. said.

Spot carbon credits traded at NZ$19.20 ($14.57) a metric ton today, unchanged from a week earlier, the broker said today in an e-mailed statement. That compares with 11.47 euros ($15.59) for UN Certified Emission Reduction credits on the ICE Futures Europe Exchange in London yesterday.