So I saw the Minister for Small Business on Sky last night explaining what Direct Action is and that it will reduce emissions and go somewhere towards the 5% target.
So they have a $2.5B (only $1.5B budgeted) Emissions Reduction Fund and Senator Little Fat Merkin said that an owner of a shopping centre could apply to the Fund with a proposal to install new lifts and would save XX tonnes of carbon per annum. If approved, the Fund might pay 80% of the cost, he said.
So some companies might see this as an opportunity to upgrade to subsidised cleaner infrastructure. Great.
Of course those who don't give a crap, like miners or coal based power generators, might choose to do nothing. Hence the flaw in this whole plan.
They do not take climate change seriously and do not wish to place any hindrance on the big polluters.
I note that Abbott and Cormann have reiterated their "coal is great for humanity" mantra again in the past few days.
Labor and the Greens' alternative – before Abbott canned it – was to put a price on emissions (c02) with the electricity generation sector its primary target.
So you can see that this is a band aid solution at best. A charade to make it look like they are doing something but really doing nothing.
