The objective of the Emissions Reduction Fund is to help Australia to meet its emissions reduction target of five percent below 2000 levels by 2020.
Through the Emissions Reduction Fund, the Government will purchase lowest cost abatement (in the form of Australian carbon credit units) from a wide range of sources, providing an incentive to businesses, households and landowners to proactively reduce their emissions.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.