5. It’s voluntary so can’t guarantee results

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Previous: 4. It doesn’t penalize business-as-usual

A voluntary policy by definition cannot guarantee results. The Howard government’s voluntary policies failed to achieve anything significant. In addition to not penalizing business-as-usual as noted in point 4, the Fund offers no requirement for businesses to participate; no upfront incentive to participate; no way of knowing if contracts will result in delivery of action; and no guarantee that any emissions cuts will take place.

Next: 6. It rewards polluters

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