Podcasts Other The Mike Hosking Breakfast Rod Carr: Climate Change Commission Chair on the surplus of carbon credits available

Rod Carr: Climate Change Commission Chair on the surplus of carbon credits available

Published: March 12, 2024, 7:21 p.m.

The Government's being urged to decrease the number of carbon credits available to buy after four failed auctions last year.\xa0

The Climate Change Commission says there are too many credits on offer, and the problem is getting worse.\xa0

It also says the Government needs to clarify their plan for meeting climate targets.\xa0

Climate Change Commission chair Rod Carr told Mike Hosking that there are enough units existing, so fewer are needed to be auctioned in the next four years.\xa0

He says the auctions only occur when there's a need, and last year participants already held units or bought them from secondary markets.\xa0

The Government's next auction is next Wednesday.\xa0

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