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Fourth consecutive carbon auction fails to clear, millions of units unsold

Author
Newstalk ZB,
Publish Date
Wed, 6 Dec 2023, 8:46pm
Photo / 123RF
Photo / 123RF

Fourth consecutive carbon auction fails to clear, millions of units unsold

Author
Newstalk ZB,
Publish Date
Wed, 6 Dec 2023, 8:46pm

The fourth consecutive carbon auction of 2023 failed to clear, leaving millions of units unsold.

This means the Government missed out on anther $900 million worth of revenue.

Milford Asset Management's Frances Sweetman says all the units built up from this year will be cancelled- but predicts an improved balance for 2024.

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