The Country 27/07/23: James Shaw talks to Jamie Mackay

We ask the Climate Change Minister if the Government reset of the ETS (with a new floor price of $60/tonne) will stabilise the carbon market. It tanked after settings were tightened in Dec 2022, from $88 to just $33, with no credits traded in the first two auctions of 2023. And if the ideal scenario is eventually a carbon price of zero, where does that leave the carbon farmers currently planting trees?

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