The Climate Minister promises he's focused on a 'credible' carbon credit market after yesterday's auction came up empty.

Not one unit was bought out of 3.5 million available.

Questions have been raised about the price of the credits and the gap between demand and supply.

Minister Simon Watts told Mike Hosking that the Government's working on its emissions reduction plan alongside the trading scheme.

He says they've been working hard to send a signal to the market on what the Government's intent is.

LISTEN ABOVE

The Climate Minister promises he's focused on a 'credible' carbon credit market after yesterday's auction came up empty. 
Not one unit was bought out of 3.5 million available. 
Questions have been raised about the price of the credits and the gap between demand and supply. 
Minister Simon Watts told Mike Hosking that the Government's working on its emissions reduction plan alongside the trading scheme. 
He says they've been working hard to send a signal to the market on what the Government's intent is. 
LISTEN ABOVE

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, 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,...

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