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Australia starves green fund, denting climate credibility

2016-02-01 13:10:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: Australia is choking off support for its main climate policy, casting doubt on Canberra`s green commitment. There are no plans to extend the A$2.55 billion (US$1.8bn) Emissions Reduction Fund after it runs out, expected to happen later this year. Finance minister Mathias Cormann told the Australian newspaper future budgets could support the scheme -- which offers incentives for businesses to invest in energy efficiency. The government will review its green arsenal in 2017, potentially introducing...

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