Turnbull's climate goals inadequate - The Climate Institute

T

he centrepiece of the Turnbull government's climate policy will deliver just one-seventh of Australia's post-2020 carbon reduction goals, according to analysis by The Climate Institute.

The $2.55 billion Emission Reduction Fund (ERF) – which may swell to almost $5 billion by 2030 – will likely deliver about 355 million tonnes of carbon abatement, based on the price paid in the fund's first auction, the group said in a report.

Prime Minister Malcolm Turnbull has maintained the climate goals of his predecessor Tony Abbott. These project a 5 per cent fall in Australia's 2000 emissions by 2020 and about 19 per cent out to 2030.

Read the story in today’s Melbourne Age - “Malcolm Turnbull climate plan to deliver only one-seventh carbon cuts: The Climate Institute.”