ACT's leader believes tonight's carbon auction will expose a policy that has lost touch with economic reality.
The Government currently sets a minimum auction price for carbon units, which right now sits around $71.
ACT's campaigning on scrapping the arbitrary net zero 2050 target and instead tying our emissions cap to a trade-weighted average.
David Seymour told Mike Hosking no rational buyer will pay the Government's price, when the same units are significantly cheaper on the secondary market.
The last six Government-run carbon auctions have failed to sell a single unit.
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