The carbon price is at a record high – and while that may seem a good thing for the climate, the country could be on its way to blowing its first-ever carbon budget. But the carbon price is reaching a point where the Government may be the one to pull out. Less than four months ago, the carbon price was $39 (adding 9c each litre). It needs to be raised.”The Climate Change Commission also recommended that the carbon price be given room to grow steadily. To get to net zero, the carbon price could reach $140 per unit by 2030, the commission noted.

Source: Stuff July 08, 2021 02:14 UTC