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Carbon Market Institute
The Carbon Market Institute says the 12th auction under former Prime Minister Tony Abbott’s Emissions Reduction Fund (ERF) – with $108 million results announced – should mark a turning point in federal climate policy.
Carbon Market Institute CEO John Connor said: “Let’s hope this is a turning point for a more evolved and sophisticated approach to carbon markets by the Morrison Government under stronger market driven climate policy that leads to more ambitious 2030 and 2050 goals.”
Mr Connor said a similar size auction due in September later this year will need to draw on PM Morrison’s Climate Solution Fund commitments of just under $2 billion over the next 15 years.