Emissions reduction fund contracts worth $24m cancelled after failure to deliver cuts

The Clean Energy Regulator has cancelled six contracts from the government’s emissions reduction fund because they did not deliver the necessary cuts to carbon emissions.

 The Clean Energy Regulator has cancelled six contracts
 from the emissions reduction fund that would have
restored land that had previously been cleared.

Labor and the Greens say the move is a sign the policy should be abandoned.

The projects, worth a total of $24m, were cancelled at the end of October and should have delivered 2 million carbon credits.

Read the story from The Guardian by Lisa Cox - “Emissions reduction fund contracts worth $24m cancelled after failure to deliver cuts.”