Govt's latest carbon credit auction falls flat

Posted: 05 Sep 2024

The latest carbon credit auction found little success, but the Climate Change Minister says there's still some positives. 

Minister Simon Watts said that there is demand for the credits, as there is an active secondary market that is trading with good liquidity. 

He said that the function of the government’s market is to introduce supply to the market if necessary, and the purpose of the credits is to reduce emissions, not generate revenue for the government.

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