This will cost $2.55bn to establish the emissions reduction fund.
Hell, why not include all of the $2.55bn in the emissions reduction fund too?
The report notes that Australia's Coalition government has "replaced carbon-pricing mechanism with Emissions Reduction Fund.
In May the Clean Energy Regulator announced the results of its third emissions reduction fund auction.
Changes in agriculture or mining, for instance, would swamp anything the emissions reduction fund does".
Coalition wants to boost emissions reduction fund – but what did voters get for $2.3bn?
Butler said the rebadged emissions reduction fund would not counter the trend of rising emissions.
"After five years and $2.25bn spent, Tony Abbott's ineffective emissions reduction fund only saw pollution rise".
In reality, the Emissions Reduction Fund is little more than a slush-fund for the big polluters.
Alternatively he could put a lot more money into his $2.55bn emissions reduction fund – most of which is already allocated.
The Ai Group said achieving the new target using only the emissions reduction fund would cost between $100bn and $250bn.
