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Australia: Carbon abatement: govt spends another $557m to buy 45m tonnes
2015-11-12 05:34:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The Turnbull government has bought another 45m tonnes of carbon abatement for $557m meaning it has spent almost half the $2.55bn emissions reduction fund to buy less than half the greenhouse reductions needed to meet its 2020 target. At its first auction, held in April, the government bought 47m tonnes of abatement for $660m an average price of $13.50 a tonne. A proportion of the greenhouse reductions bought will be delivered after 2020, the date by which the government has promised to...
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