The central plank of the Morrison Government's climate policy involves pouring billions of extra dollars into an emissions reduction program that's not spending its existing funding, ABC analysis can reveal.

Key points:

• The program designed to sell contracts for emission reduction projects has received extra funding
• But the Emissions Reduction Fund has not spent its existing budget and emission abatement has flatlined
• Analysis of government data shows contracts terminations have meant nearly 20 per cent of expected emission reduction in some auctions did not happen

Read the full ABC Online article including commentary by Associate Professor Paul Burke.