Coalition's emissions reduction fund labelled 'a joke' after first post-election auction

Government spends less than $1m for cut equivalent to only 0.01% of Australia's annual greenhouse gas pollution

The Morrison government's main climate change policy, the emissions reduction fund, has been labelled "a joke" after its latest auction bought cuts equivalent to only 0.01% of Australia's annual greenhouse gas pollution.

While the prime minister, Scott Morrison, announced prior to the election that the policy would get an additional $2bn funding, the first post-election auction from the fund dedicated less than $1m to just three emissions reduction projects.