Coalition’s Direct Action contracts too short for success, says adviser

Government’s emissions reduction fund would need to offer 15-year contracts to attract big capital-intensive projects

A hand-picked advisory group has warned the Abbott government its Direct Action climate change plan would need to offer 15-year contracts to effectively reduce greenhouse emissions three times longer than the Coalition has proposed.

A green paper issued by the environment minister, Greg Hunt, proposed the emission reduction fund which has so far been funded for just three years would offer five-year contracts to companies and organisations competing in a competitive tender for the funds grants.

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