More trouble for the carbon credit scheme that Labour wants to use to fund climate initiatives.

The Government has tried - and failed - a third time to auction off credits, giving businesses the right to emit carbon dioxide.

This means Treasury is now short over $900 million ahead of Tuesday's Pre-election Economic and Fiscal Update.

The Country's Jamie Mackay says the credits will be available to purchase again- but economists warn the units could be harder to sell a fourth time.

LISTEN ABOVE

More trouble for the carbon credit scheme that Labour wants to use to fund climate initiatives.
The Government has tried - and failed - a third time to auction off credits, giving businesses the right to emit carbon dioxide.
This means Treasury is now short over $900 million ahead of Tuesday's Pre-election Economic and Fiscal Update.
The Country's Jamie Mackay says the credits will be available to purchase again- but economists warn the units could be harder to sell a fourth time.
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.