Podcasts Other The Mike Hosking Breakfast Simon Watts: Climate Minister on the gap between carbon credit supply and demand and the need for a "credible" market

Simon Watts: Climate Minister on the gap between carbon credit supply and demand and the need for a "credible" market

Published: June 19, 2024, 8:21 p.m.

The Climate Minister promises he's focused on a 'credible' carbon credit market after yesterday's auction came up empty.\xa0

Not one unit was bought out of 3.5 million available.\xa0

Questions have been raised about the price of the credits and the gap between demand and supply.\xa0

Minister Simon Watts told Mike Hosking that the Government's working on its emissions reduction plan alongside the trading scheme.\xa0

He says they've been working hard to send a signal to the market on what the Government's intent is.\xa0

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