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Podcast: The Mike Hosking Breakfast
Episode: Mike's Minute: The govt shouldn't have touched the carbon market
Description: If you follow the carbon market, and you should, it is yet another lesson in the abject failure that almost certainly results in gerrymandering markets. Four times a year you bid for credits (offsets) to counter your polluting habits. You do this because we signed up to Paris and made a bunch of promises we were never going to be able to keep. By selling credits the Government has the potential income of about $2 billion a year. Except little, if any, of that happens because by and large people don’t turn up and b...