|Policy status:||In Force|
|Policy Type:||Policy Support, Economic Instruments>Market-based instruments>GHG emissions trading|
|Climate Change Policy Targets:||Framework/ Multi-sectoral Policy|
|Agency:||Clean Energy Regulator|
|Funding:||AUD 2.55 billion|
|Climate Change Description:|
The objective of the Emissions Reduction Fund is to help Australia to meet its emissions reduction target of five percent below 2000 levels by 2020.
Through the Emissions Reduction Fund, the Government will purchase lowest cost abatement (in the form of Australian carbon credit units) from a wide range of sources, providing an incentive to businesses, households and landowners to proactively reduce their emissions.
Last modified: Thu, 20 Nov 2014 17:40:33 CET