Podcasts Other The Mike Hosking Breakfast Susan Kilsby: ANZ Agricultural Economist on the third failed carbon credits auction

Susan Kilsby: ANZ Agricultural Economist on the third failed carbon credits auction

Published: Sept. 6, 2023, 9:20 p.m.

More trouble for the carbon credit scheme that Labour wants to use to fund climate initiatives, and National wants to use to pay for tax cuts.\xa0

The government has now tried \u2014and failed\u2014 for a third time to auction off credits which would give businesses the right to emit carbon dioxide.\xa0

That means the Government is short of almost a billion dollars it expected to have, as it heads into next Tuesday's Pre-election Economic and Fiscal Update.\xa0

ANZ Agricultural Economist Susan Kilsby told Mike Hosking that the credits will be up for grabs again at the fourth auction in December.\xa0

She says the more times the units fail to sell, the harder it could be to sell them.\xa0

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