So, where's the carbon auction money going?

28 Apr 2015

Growth industry: forestry will account for much of the carbon reductions under the first round of Emissions Reduction Fund contracts.
Growth industry: forestry will account for much of the carbon reductions under the first round of Emissions Reduction Fund contracts.

The results of the Australian Government’s first reverse auction of carbon-cutting projects have been released. Where is the money going?


The Government will spend A$660 of its A$2.55 billion Emissions Reduction Fund on contracts set to reduce emissions by some 447 million tonnes, more than half of it in “carbon farming” projects to lock up carbon in vegetation.

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