Frances Sweetman: Milford Asset Management Portfolio Manager on the fourth consecutive carbon auction of the year failing
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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