THE Federal Government has today released a discussion paper for its plans to reform the main emissions policy in Australia, known as the safeguard mechanism.
Currently, the mechanism requires the country’s biggest emitters, like energy companies, to keep their net emissions below a certain baseline – meaning they need to purchase offsets if they exceed it.
With the Albanese government ramping up the short-term emissions targets, it plans to make the baselines set for companies decline over time, meaning they will be required to emit less.
The move is expected to significantly…
