Frances Sweetman: Milford Asset Management Portfolio Manager on the fourth consecutive carbon auction of the year failing - Heather du Plessis-Allan Drive

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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