GOVERNMENT programs to tackle climate change, worth more than $12 billion over the past 15 years, have largely failed to reduce carbon emissions.
The independent Melbourne think tank the Grattan Institute, analysed the more than $12bn of state and federal funding for more than 300 carbon reduction schemes and renewable energy programs over the past 15 years and found the result was mostly negligible.
The institute's John Daley told ABC's Lateline program the biggest failure was also the most expensive, with $7bn in commonwealth grants for companies showing few results and running years behind schedule. "Governments have spent a great deal, they have promised a great deal more, not much has actually happened," Dr Daley said.
"The good news is we haven't actually wasted our money, but the bad news is we haven't actually done very much."
.Climate programs fail at first step