In 2017, the Government reviewed Australia’s climate policies – including the Emissions Reduction Fund and its Safeguard Mechanism – to ensure they remain effective in achieving Australia’s emissions reduction targets. As an outcome of the review, the Government committed to work with business to improve the operation of the Safeguard Mechanism.
The Government has released a consultation paper outlining an approach to make the Safeguard Mechanism fairer and simpler and bring the Safeguard Mechanism baselines up-to-date with current circumstances.
The Government invites written submissions on the consultation paper from all interested businesses and members of the community.
The consultation paper is open for public comment until 5.00 pm AEST, Friday 30 March 2018.