Analysis: The Government’s surprise reforms to the carbon market have seen the price of pollution drop from $52 to $33, before recovering slightly to between $41 and $44 over the past couple of weeks.
The turmoil in the market – November 5 saw the second-largest single day drop on record – has prompted rare responses from the Minister of Climate Change and the Ministry for the Environment.
Subscribe to continue reading
Already have an account? Sign In.
Unlimited access Newsroom Pro articles
Bonus subscription for a friend or family member
Exclusive subscriber-only emails
Access to post and read comments on articles
A daily morning email of news and insights curated by Newsroom Pro editorial team
Corporate subscriptions also available
Marc Daalder is a senior political reporter at Newsroom. He covers climate change, health, energy and violent extremism.
More by Marc Daalder