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Speaker 1: The definition of madness a of stupidity. Question for you,

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Speaker 1: how many times do you do the same dumb thing

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Speaker 1: with no result, thus proving your system doesn't work before

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Speaker 1: you admit your system doesn't work. Are the last of

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Speaker 1: the carbon auctions was held yesterday? You know where the

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Speaker 1: story's going. Of course, I first got interested in this

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Speaker 1: a couple of years ago when it struck me that

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Speaker 1: this auction malarchy might be one of the better examples

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Speaker 1: of the sheer ideological madness that drive so much of

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Speaker 1: the climate policy. One of the reasons so many people

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Speaker 1: have got into forestry, of course, is it's free money.

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Speaker 1: You get carbon credits. It's on land, and land generally

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Speaker 1: is as well a good investment, and free money isn't

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Speaker 1: a bad deal either. Also, after a while they might

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Speaker 1: pay you some good day for you would So if

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Speaker 1: trees get carbon credits, why would you turn up to

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Speaker 1: an auction? You wouldn't. And indeed yesterday they didn't. Not

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Speaker 1: one person, not one bid, not one credit. So now

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Speaker 1: there are four of these each year for the past

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Speaker 1: two years, no one has bought a thing. Ask yourself

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Speaker 1: why they've tried to price the units to no avail.

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Speaker 1: But what's really causing the issue is the government. Now,

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Speaker 1: to buy something, you must believe it has value, It

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Speaker 1: has to have worth. Why would you buy into the

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Speaker 1: government carbon narrative when they keep changing the rules. This

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Speaker 1: government is doing their best to do as little as

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Speaker 1: possible to meet their climate emissions. Now, the ironing of

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Speaker 1: that is I actually applaud that because it's the right

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Speaker 1: thing to do. But given the rules keep changing, I'm

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Speaker 1: certainly not turning up to buy stuff like a credit

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Speaker 1: that I may not in fact need. The Minister, as

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Speaker 1: I told you the other day, took the unprecedented step

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Speaker 1: of offering commentary about the auction and telling us how

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Speaker 1: committed the government is to climate in the hope we

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Speaker 1: would go, oh, well that's okay. Then see it. The

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Speaker 1: auction didn't work. The auction didn't work again. Eight down,

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Speaker 1: zero sales, no revenue. How long before they pull the

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Speaker 1: pen on a gargantuan embarrassment. The longer this goes, the

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Speaker 1: more foolish they look. For more from the Mic Asking

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Speaker 1: Breakfast Listen live to news talks. It'd be from six

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Speaker 1: am weekdays, or follow the podcast on iHeartRadio.