Analysts fear big Australian polluters might win
6 Dec 2013

The Australian Government's proposed $2.55 billion Emissions Reduction Fund could be exposed to serious budget risk, according to carbon analytics firm RepuTex.
The Emissions Reduction Fund (ERF) is the cornerstone of the Government's proposed Direct Action Plan, designed to purchase greenhouse gas emissions abatement from the market based on a reverse auction process, whereby emissions reductions are to be bid into the fund and purchased by the Government at 'least cost'.
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