Australia Plans Carbon Fund to Cut Investor Risk, Survive Attack
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The government will design a new carbon-abatement fund in Australia as a long-term vehicle, minimizing the uncertainty plaguing clean-energy projects, the environment minister said.
“The system we put in place can last a number of decades,” Greg Hunt, environment minister in Australia’s newly elected government, said today at the Climate Expo in Melbourne. Subsequent governments won’t be able to easily roll back the planned Direct Action policy or reintroduce the carbon tax that Hunt’s coalition is moving to repeal, he said.