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

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Manage episode 489558672 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

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

See omnystudio.com/listener for privacy information.

  continue reading

7422 episodes

Artwork
iconShare
 
Manage episode 489558672 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

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

See omnystudio.com/listener for privacy information.

  continue reading

7422 episodes

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