what is the coalitions direct action plan

From the Abc website,
How does the Emissions Reduction Fund work?

The main feature of the direct action policy is the creation of an Emissions Reduction Fund, which will cost $3 billion over four years.

The fund will call for businesses to submit tenders for projects that will either lower emissions or offset them.

It will operate as a reverse auction, where businesses compete and undercut each other to win a contract and with it, the Government's money.

The Government says the scheme will ensure a reduction of emissions for the best possible price.

The reverse auction method mirrors the existing National Water Market, which conducts water buybacks to increase river flows.

Emission reductions will be achieved through a range of projects, such as cleaning up power stations, capturing landfill gas, reforesting marginal lands or improving soil carbon.

A project needs to meet two criteria to win a contract from the fund:

The emission reductions must be additional measures and not just business-as-usual
The reduction estimates must be credible and verified

Measures that are already required to be carried out by businesses under government regulations cannot be used as projects for the fund.

Only the projects with the lowest cost per amount of abatement will be taken on by the reduction fund.

The fund is capped and Prime Minster Tony Abbott has previously indicated it will not be increased if the 2020 emission reduction target is not being reached.

This is from the Aeb announcement,

The nutraceuticals initiative was prompted by the significantly lower capital required and better anticipated profit margins per tonne of production compared with biofuels, and the very speedy path to production.

I am specifically referring to "better anticipated profit margins per tonne" which clearly points out that the biofuels are still profitable.

Therefor i would think we are a chance at some of the handouts for power station co2 as well as landfill emissions.After all we have partners in both fields.

I am thinking this because we can actually generate a return on capturing emissions so would have to be a cheap way of reduction.

Also looking at our new partner in nutrition care,they have been around for 30years so no fly by the night firm.

Seasons greetings to all,even the glass half empty people.