Asia Pacific > Compliance Markets & Taxes > Australia commits A$280 mln to buy offsets from large industrial facilities

Australia commits A$280 mln to buy offsets from large industrial facilities

Published 04:04 on May 12, 2021 / Last updated at 09:10 on May 12, 2021 / / Asia Pacific (Compliance Markets & Taxes, Pacific)

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Australia will spend A$280 million ($219 mln) over the next decade to buy carbon credits from large industrial facilities cutting emissions below their Safeguard Mechanism baselines.
Australia will spend A$280 million ($219 mln) over the next decade to buy carbon credits from large industrial facilities cutting emissions below their Safeguard Mechanism baselines.


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