the podcast on
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鈥檚 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鈥檚 evidence the Emissions Trading Scheme and the carbon markets are working quite well.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeartRadio app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeartRadio is easy to use and all FREE
