$2.4B in renewable energy certificates — admin costs tripled since 2020
ANAO found the Clean Energy Regulator admin cost per renewable energy certificate processed tripled from 2020 to 2024, reaching $2.40 per certificate on a $2.4 billion annual program. No efficiency improvements despite multiple IT system investments. Your clean energy dollar — paying more to process the same certificates.
$890M in Emissions Reduction Fund contracts — no competitive tender
ANAO audit found $890 million in Emissions Reduction Fund contracts were awarded via limited tender with no documented assessment of value for money. The carbon credit program — credits generated by projects that the own Auditor-General later found may not represent genuine emissions reductions. Paid out regardless. No competition. No verification.