NZ, Singapore Add Climate Pillar to Trade Link; Signal Higher Carbon Prices

Press summary by Mathew Carr

April 19, 2022 — NZ Prime Minister Jacinda Ardern and Singaporean counterpart Lee Hsien Loong added climate and sustainability to an “enhanced relationship” between the two countries, RNZ reports.

Hsien Loong said areas that could be worked on included “workshops for building joint capacity in responding to climate change, improved pricing for emissions trading, and work on sustainable aviation initiatives,” according to the report.

I’m taking “improved pricing” to mean higher prices. NZ carbon units have more than tripled the past two years. Singapore is boosting its pricing. One NZ$ = 67 US cents.

https://www.commtrade.co.nz/
See report link to RNZ / Karan Gurnani

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s