The Daily Blog Open Mic – Monday 26th September 2016

One Comment

1. Wonder how low the per Tonne the rate is today.
   I can remember when they said it should be between $100 to $200 but think the latest I heard it was down to under $10 a tonne!!!!!

   Worth a call here.

   For more information contact:
   Kelly Shen
   Administrator: Academic Linkages Programme
   E.Kelly.Shen@treasury.govt.nzT. 04 917 6295

   Guest Lecture: Daniel Tulloch – Carbon Pricing in New Zealand’s Emissions Trading Scheme
   Tue 27 Sep 2016, 1:30pm-3:00pm
   Level 5, The Treasury, 1 The Terrace
   Date:
   Tuesday 27 September 2016
   Venue:
   The Treasury
   Level 5
   1The Terrace
   Wellington
   Time:
   1:30 pm –3:00 pm
   RSVP:Treasury.Academiclinkages@treasury.govt.nz
   by Monday 26 September 2016
   For more information contact:
   Kelly Shen
   Administrator: Academic Linkages Programme
   E.Kelly.Shen@treasury.govt.nzT. 04 917 6295

   Flyer

   tgls-tulloch.pdf (256 KB)

   Abstract

   This paper provides the first empirical analysis of the determinants of allowance prices on the New Zealand Emissions Trading Scheme (NZ ETS). Our results indicate that imports of offsets rather than fundamentals have been the major price determinant. Moreover, the pricing of New Zealand units (NZUs) can be placed into three distinct periods. In the first period, the system is largely autarkic; in the second period, as international offset prices drop below the NZU price, the system becomes a ‘price taker’; in the final period, following some policy interventions, the system regains some independence. The case of the NZ ETS shows both the power of linking ETSs and the dangers of doing so.

   About Daniel Tulloch

   Dr. Daniel J. Tulloch is a Research Associate on the Sustainable Finance Programme at the Smith School of Enterprise and the Environment, University of Oxford. His research spans finance, energy policy and econometrics. His research seeks to understand the requirements, challenges and opportunities associated with a reallocation of capital towards investments aligned with global environmental sustainability. He is the chair of sustainable markets for the Research for Action network and coordinates the Stranded Assets Research Network. Daniel holds a PhD in finance from the University of Otago, New Zealand. He also holds an MSc with distinction in International Accounting and Financial Management from the University of East Anglia, Norwich.

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