Farmers, energy companies and local councils are preparing to bid for a slice of a $2.55 billion taxpayer pie to reduce carbon emissions.
Almost 250 organisations or individuals have registered projects for Wednesday’s reverse auction of the Abbott government’s direct action policy, which pays polluters not to pollute.
Most have proposed projects that would have previously fallen under the carbon farming initiative, under which farmers and landowners earn credits by storing carbon or reducing emissions.
© AAP 2015
Source: The Australian