The Morrison government’s emissions reduction fund – rebadged as a “climate solutions” policy and to be boosted with an extra $2bn – is being used to help one of the world’s biggest gold miners pay for a fossil fuel power plant the company concedes it would have built anyway.
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| Gold Fields built a gas plant to replace diesel. It qualified for ERF as gas has fewer emissions. |
Fund opponents say it is the latest evidence that design flaws in the scheme are leading to taxpayers’ money being wasted on projects that are commercially viable even without public support. In some cases, the climate funding is going to new fossil fuel projects on the grounds that they are cleaner than the dirty projects they replace.
Read the story from The Guardian by Adam Morton - “Emissions reduction fund to pay for fossil fuel plant that would be built anyway.”
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