More trouble for the carbon credit scheme that Labour wants to use to fund climate initiatives, and National wants to use to pay for tax cuts.
The government has now tried —and failed— for a third time to auction off credits which would give businesses the right to emit carbon dioxide.
That means the Government is short of almost a billion dollars it expected to have, as it heads into next Tuesday's Pre-election Economic and Fiscal Update.
ANZ Agricultural Economist Susan Kilsby told Mike Hosking that the credits will be up for grabs again at the fourth auction in December.
She says the more times the units fail to sell, the harder it could be to sell them.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Nikki Glaser Podcast
Every week comedian and infamous roaster Nikki Glaser provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.