clean energy regulator

australia is the only developed country that allows climate funding to go to coal plants

Questions raised over how $1bn of emissions funding have been allocated

Scott Morrison recently announced the Coalition would inject another $2bn into the emissions reduction fund – the Tony Abbott-era “direct action” policy that pays farmers and businesses from the budget to reduce greenhouse gas – but serious questions have emerged about $1bn already allocated.

national emissions have increased each year since the emissions reduction fund replaced the abolished carbon price scheme in 2014

Out on its own: Australia the only country to use climate funding to upgrade coal-fired plants

Experts say allowing Vales Point coal-fired power station to register with the Morrison government’s emissions reduction fund, rebadged this week as a “climate solutions” policy, puts Australia out of step with the World Bank, Europe and the US, which have all rejected using climate financing for coal power retrofits.

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