NewsBite

Exclusive

No top-up for the Emissions Reduction Fund in May budget

Mark Ludlow
Mark LudlowQueensland bureau chief
Updated

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

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.

Loading...
Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Latest In Politics

Fetching latest articles

Most Viewed In Politics

    Original URL: https://www.afr.com/news/politics/no-topup-for-the-emissions-reduction-fund-in-may-budget-20170417-gvm4c3