Bookies bet on carbon price under $25

26 May 2011, 4:54 pm   -   Source: AAP
Share This

As the multi-party climate change committee gets down to the serious business of setting a carbon price, bookies suggest it will be under $25 a tonne.

As the multi-party climate change committee gets down to the serious business of setting a carbon price, bookies suggest it will be under $25 a tonne.

The Gillard government has promised to release details of its proposed carbon tax by the start of July.

The multi-party committee will start serious negotiations this weekend with members staying in Canberra for meetings on both Saturday and Sunday.

Talks will be led over the coming month by Climate Change Minister Greg Combet, Greens spokeswoman Christine Milne and the two rural independents, Tony Windsor and Rob Oakeshott.

Sportingbet Australia has opened a market on what carbon price the committee will eventually agree on and has installed $20 to $25 a tonne as the $1.60 favourite.

Punters can get $3.25 for a $25 to $30 price, while $20 or under is on the next line at $3.50.

The bookies clearly don't think the fixed carbon price will start at more than $30 a tonne - they're offering $7 for that result.

"We have made the $20.01 to $25 per tonne option the favourite for this market as that looks to be a position that will appease the greatest number of people," Sportingbet chief executive Michael Sullivan said in a statement.

  • Follow us: 
  • Follow us on Facebook
  • Follow us on Twitter
  • Follow us on Youtube