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Australia: Government launches AUD 2.55 billion Emissions Reduction Fund (ERF)

Description

On 8 January 2015, the Australian Government approved the AUD 2.55 (USD 2.15) billion Emissions Reduction Fund (ERF) through an amendment of the Carbon Credits (Carbon Farming Initiative) Act of 2011....

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

08 Jan 2015

Revocation date

25 Feb 2019

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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