Government considered scrapping carbon auctions after price collapse
Policy changes caused carbon prices to plummet, prompting the Government to weigh cancelling future auctions.
Government officials considered abandoning carbon auctions following a sharp drop in carbon prices triggered by recent policy changes. Documents reveal the decision was explored as a potential response to the market downturn in the emissions trading scheme.
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RNZ
Government considered cancelling carbon auctions after policy changes tanked prices
The move was considered after policy changes tanked the carbon price, documents show.