The latest carbon auction was a bust. 

It attracted zero bids, becoming the eighth auction to be declined. 

The secondary market currently sits around $58 a tonne, while the auction price sits at $68. 

ACT’s Climate Change Spokesperson, Simon Court told Mike Hosking it shows that industrial emitters, such as coal users, already have enough units in the carbon bank to pay for this year's emissions. 

With the success of the secondary market, Court says it’s evidence the Emissions Trading Scheme and the carbon markets are working quite well. 

LISTEN ABOVE 

The latest carbon auction was a bust.&nbsp;
It attracted zero bids, becoming the eighth auction to be declined.&nbsp;
The secondary market currently sits around $58 a tonne, while the auction price sits at $68.&nbsp;
ACT’s Climate Change Spokesperson, Simon Court told Mike Hosking it shows that industrial emitters, such as coal users, already have enough units in the carbon bank to pay for this year's emissions.&nbsp;
With the success of the secondary market, Court says it’s evidence the Emissions Trading Scheme and the carbon markets are working quite well.&nbsp;
LISTEN ABOVE&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

Simon Courts: ACT’s Climate Change Spokesperson on the latest carbon auction, ETS

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/526cfe54-a18e-4414-a541-b3000168ca6a/transcript