Scott Morrison to reboot Tony Abbott's emissions reduction fund with $2bn : The Guardian

Scott Morrison

Comment: Dodgy accounting and a huge expenditure of taxpayers money for a scheme not proven. A typical 'snow job' by the conservatives not yet fully convinced that climate change exists.

"But a chart released in advance of Monday’s speech makes it clear the looming abatement exercise will rely significantly on accounting measures as well as on practical emissions reduction.

According to projections done last December, the government will count a 367 megatonne abatement from carry-over credits (an accounting system that allows countries to count carbon credits from exceeding their targets under the soon-to-be-obsolete Kyoto protocol periods against their Paris commitment for 2030) to help meet the 2030 target.

It is also factoring in emissions reduction from Turnbull’s pet

There is no Planet B for our children

project, the Snowy 2.0 expansion (which the Morrison government has not yet formally signed off on); energy efficiency measures; an electric vehicle strategy (that it has not yet unveiled); the rebadged climate solutions fund; additional hydro projects and just under 100Mt of abatement from “technology solutions” (which aren’t specified) and “other sources of abatement” such as projects under development but not yet contracted."

Read The Guardian article 

See also

The Australian article which says,

"Labor climate change spokesman Mark Butler said last night the Abbott-era direct-action fund, which has been depleted from an initial $2.5bn to about $226 million, was an ineffective policy that charged taxpayers for carbon-emissions cuts that would have happened anyway.

“This is just another example of the government’s inability to deliver real climate policies,” he said.

“As Malcolm Turnbull famously said: “It is a fig leaf to cover a determination to do nothing.”

See also

Fact-checking Morrison on climate change  

The emissions reduction fund was deeply flawed – and no rebranding will change this

 

If the Coalition has had a climate epiphany, I'm Beyoncé