Published: April 03, 2019
The $2bn promised for Australia’s greenhouse gas abatement projects will be spread over 15 years, not 10, Tuesday’s budget revealed
The Coalition plans to spend its $2bn “climate solutions fund” over 15 years, not 10, as promised when it unveiled the rebadged emissions reduction policy in February.
The decision, revealed in Tuesday’s budget, effectively cuts the amount spent per year from $200m to $133m over the life of the fund, which pays polluters to implement greenhouse gas abatement projects.
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