A SENATE committee has heard that new legislation forcing big emitters into a heavier reliance on carbon credits could result in companies forcing up the value of land and taking it out of agricultural production.
The Albanese Government’s proposed reforms of the ‘safeguard mechanism’, which requires big emitters to keep their emissions below a ‘baseline’, were last week being investigated by the environment and communications legislation committee.
While the committee ultimately recommended the government pass the reforms, the reality appears to still be up in the air. The…
