AFTER more than six months in power, the Albanese Government’s proposed shake up of the carbon framework is coming to a head – with a draft plan of the “safeguard mechanism” released and plenty of debate ensuing.
The safeguard mechanism is the government’s main policy underpinning demand for Australian Carbon Credit Units. It sets an emissions baseline for Australia’s largest greenhouse gas emitters and makes them purchase offsets if they exceed it. Agricultural companies are not involved.
Under the government’s draft plan, the baselines will decline by 4.9 percent each…
