Design features specified in the limited information that the Coalition has provided on its Emissions Reduction Fund raise questions about the level of interest the fund would generate and the pace at which it could deliver abatement.
An Xstrata entity has received $65 million, as part of $240 million in grants to help 11 coal mining companies adjust to the carbon price scheme in 2012-13, according to a report to the Senate by the Department of Resources, Energy and Tourism.
The 89 recipients of $30m in federal grants announced today expect to achieve major cuts in energy use and emissions, with a Boral brickworks anticipating a 56% reduction in its carbon intensity.