Reuters: Australia risks wasting up to A$2 billion ($1.8bn) of its planned Emissions Reduction Fund if it goes ahead with moves to give big polluters carbon credits based on historical efficiency levels, analysts Reputex said on Thursday.
The A$2.55 billion fund, known as ERF, is the cornerstone of the conservative government's strategy to achieve its target of cutting Australia's greenhouse gas emissions to 5 percent below 2000 levels by 2020.
Under the policy, set to be implemented next year, the...