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. 

LISTEN ABOVE   

ACT's leader believes tonight's carbon auction will expose a policy that has lost touch with economic reality.&nbsp;
The Government currently sets a minimum auction price for carbon units, which right now sits around $71.&nbsp;
ACT's campaigning on scrapping the arbitrary net zero 2050 target and instead tying our emissions cap to a trade-weighted average.&nbsp;
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.&nbsp;
The last six Government-run carbon auctions have failed to sell a single unit.&nbsp;
LISTEN ABOVE &nbsp;&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

David Seymour: ACT Leader on their promise to cut the carbon tax, scrap net zero target in new election policy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f9a015a4-0d80-4d53-bc10-b4be01571f29/transcript