By Jeremy Rose
Cabinet has ignored a Climate Change Commission recommendation to significantly increase the trigger price of the cost containment reserve and failed to reduce the number of credits available at auction by as much as the commission proposed.
The decision, announced just after 5pm yesterday, has seen the price of carbon plummet on the secondary market from $86.00 at the close of trade yesterday to $75.00 as Carbon News goes to press.
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- Source: https://www.carbonnews.co.nz/story.asp?storyID=26749
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