What the new safeguard mechanism should do

The Safeguard Mechanism is a key policy in Australia’s fight against climate change, which caps emissions from big industrial facilities and other large polluters. Greenhouse gas emitters, from LNG platforms to mines to airlines, must keep their emissions below a baseline, or pay. Now it faces reform, as the Albanese government has committed to amend the mechanism, to meet the 2030 target of cutting emissions to 43% below 2005 levels. But as ever, the devil is in the detail. Host Kat Clay is joined by Alison Reeve, Deputy Program Director, and Esther Suckling, Associate, to discuss the Safeguard Mechanism design issues facing the government. Read the Safeguard Mechanism reform paper: https://storage.googleapis.com/converlens-au-industry/industry/p/prj2135e8da0cf17d76c70fc/public_assets/Safeguard-Mechanism-consultation-paper.PDF For more information, visit: https://grattan.edu.au/