#ERF auction spends big for just 7 per cent #climate emissions reduction for 2030 argues @takvera

Greg Hunt at CMI Summit

Results from the third Direct Action Emissions Reduction Fund (ERF) auction for emissions reduction was announced with 50.5 million worth of offsets at $10.23 each. So 67 per cent of the $2.55 billion budget has been spent to achieve less than 7 per cent of the emissions reduction goal by 2030.