The fourth consecutive carbon auction of 2023 failed to clear, leaving millions of units unsold.

This means the Government missed out on anther $900 million worth of revenue.

Milford Asset Management's Frances Sweetman says all the units built up from this year will be cancelled- but predicts an improved balance for 2024.

LISTEN ABOVE

The fourth consecutive carbon auction of 2023 failed to clear, leaving millions of units unsold.
This means the Government missed out on anther $900 million worth of revenue.
Milford Asset Management's Frances Sweetman says all the units built up from this year will be cancelled- but predicts an improved balance for 2024.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.