Assuming those contracts were awarded the average price per tonne of avoided emissions, that has meant nearly $145 million was earmarked for emissions reduction that did not occur.
"This was the experience with the Howard-era Greenhouse Gas Abatement Program also. History repeats," he said. "The Emissions Reduction Fund is designed to encourage participation by allowing flexibility in some circumstances for contracts that are successful at auction," the regulator's spokesperson said.
Contracts are only paid after the emissions reductions occur, so money which was earmarked but never actually spent returns to the fund.
Few weeks late on this article 🙄
Don't you get it? Tell the public we have injected so many millions into 'whatever' but do not allowthem to spend it.
News flash - Australia’s population fails to deliver for climate. Election result shows.
No shit.
In 31 countries 450 nuclear power plants with a capacity of 392 GW in operation. Plus 60 with a capacity of 60 GW in 16 countries under construction. nuclear power is recognized as a clean source of energy.
unbelievable what frankelly08 RNBreakfast warmist alarmists are now claiming man made warming is BLINDING tree kangaroo's that is'science'? more likely is some greenie alarmist with a laser pointer recall helicopter pilots blinded dear fran? think suburbs bored kids+laserpoint
What policy?
Just like climate change is failing to deliver!
the politicians r busily singing for coal The grovel for d coal miners Even in drought we give them gigalitres water to hose down dusts
Good
Thanks ABC News for that enlightening statement. Such a shining light of forward thinking journalism. /s
Murry~Darling is testifying so!
But we're still on track to meet our agreements, just ask the government! *eye roll*
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