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Emissions Reduction Fund White Paper Released


Source: ABC News, 25/04/2014

The Federal Government has released the formal design of its multi-billion-dollar Direct Action climate change policy, and is writing to key Senate crossbenchers in the hope it will quickly pass Parliament.

Environment Minister Greg Hunt has unveiled the white paper on the central component of Direct Action, the Emissions Reduction Fund (ERF).

Mr Hunt also revealed an extra $1 billion will be allocated to the fund in the May budget, in keeping with the initial policy costing released in the 2010 election campaign.

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