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Australia's Direct Action fund may need $1bn more to meet emissions target
2015-04-27 05:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The Australian governments Direct Action emissions reduction fund could require up to $1bn of extra funds to meet its carbon emissions reduction goal, according to a Guardian Australia analysis based on initial auction results. The results of the first Direct Action auction, revealed last week, showed emissions reduction contracts worth $660.4m had been awarded to prevent 47m tonnes of greenhouse gases entering the atmosphere. According to the Clean Energy Regulator, the average cost per tonne...
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Category:Electronics and Electrical