I saw this morning that total planned funding for the government’s ERF of $2-55b will not be increased after 4 years. This is to be TOTAL funding through to 2023/2024.
This pathetically weak scheme is now revealed to be more than weak – it is a bad joke. There is no way targets of 5% reductions in emissions over year 2000 levels will be met by 2020.
In terms of the overall budget this is a “small potatoes” issue. But the Abbott Government is clearly walking away from any serious attempt to reduce carbon emissions.