Safeguard Mechanism passes through Parliament
PERTH (miningweekly.com) – Reforms to the Safeguard Mechanism have passed through the Australian Parliament.
The Safeguard Mechanism requires facilities that produce over 100 000 t/y of greenhouse gases (GHGs), amounting to around 215 facilities, to keep their net emissions below a baseline.
Climate Change and Energy Minister Chris Bowen said that the reforms would reduce 205-million tonnes of GHG emissions to 2030, and that the passage of this legislation ensured the country’s largest emitters would remain internationally competitive in a decarbonising global economy while contributing towards Australia’s emissions reduction task.
Bowen said parliamentary passage of the Safeguard Mechanism Bill was a landmark achievement for Australia’s economy and the climate.
“Today is an historic day for the country to ensure our economy can take advantage of the opportunities of decarbonisation and meet our ambitious climate targets. These reforms will safeguard our economy, safeguard our climate and safeguard our future.
“Passage of this legislation is the culmination of extensive feedback from Safeguard businesses, industry associations, climate and community groups, academics and private individuals.
“These reforms have been supported across the spectrum – from the Business Council to the Climate Council, Manufacturing Australia to the Australian Conservation Foundation.
“We thank those across the Parliament who engaged in good faith discussions to ensure accountability, transparency and integrity for the scheme, and ensure flexibility and support for industry.”
The updated Safeguard Mechanism scheme will be in operation as of July 1, 2023.
The resources sector has expressed concerns over the changes to the Safeguard Mechanism, and has warned that it would impact resource operations in Australia.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.
VISIT SHOWROOM
Complete range of security sealing solutions including security seals bags and labels.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
