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Australia's carbon fund a windfall for big polluters -analysts

2013-12-09 11:19:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Australia risks wasting up to A$2 billion ($1.8bn) of its planned Emissions Reduction Fund if it goes ahead with moves to give big polluters carbon credits based on historical efficiency levels, analysts Reputex said on Thursday. The A$2.55 billion fund, known as ERF, is the cornerstone of the conservative government's strategy to achieve its target of cutting Australia's greenhouse gas emissions to 5 percent below 2000 levels by 2020. Under the policy, set to be implemented next year, the...

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