The Morrison Government’s emission reductions fund has been labelled ineffective, following reports that the initiative bought cuts equivalent to only 0.01% of Australia’s annual greenhouse gas emissions.
Prime Minister Scott Morrison previously said the emission reductions fund, which is the Coalition’s main climate change policy, would get an extra $2 billion in funding, but less than $1 million has been dedicated to the initiative’s projects.
Scientists say Australia is not on track to meet its Paris Agreement targets, considering Australia’s emissions have grown every year since the emissions reduction fund has been introduced.