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No top-up for the Emissions Reduction Fund in May budget
Mark LudlowQueensland bureau chief
Updated
The Turnbull government will not top up the $2.55 billion Emissions Reduction Fund in next month's budget after last week's auction left $300 million in the kitty to be used in future auctions later this year.
Despite speculation the fund - which is the centre piece of the Coalition's Direct Action climate change policies - might run out of money ahead of the May budget, the Clean Energy Regulator only allocated $133 million in the fifth auction.
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Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com
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