David Seymour: ACT Leader on their promise to cut the carbon tax, scrap net zero target in new election policy

ACT's leader believes tonight's carbon auction will expose a policy that has lost touch with economic reality. 

The Government currently sets a minimum auction price for carbon units, which right now sits around $71. 

ACT's campaigning on scrapping the arbitrary net zero 2050 target and instead tying our emissions cap to a trade-weighted average. 

David Seymour told Mike Hosking no rational buyer will pay the Government's price, when the same units are significantly cheaper on the secondary market. 

The last six Government-run carbon auctions have failed to sell a single unit. 

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