Australian govt introduces below-baseline crediting legislation to Parliament

Published 05:11 on November 30, 2022  /  Last updated at 01:13 on December 1, 2022  /  Asia Pacific, Australia  /  No Comments

The Australian government has introduced legislation to parliament that would create Safeguard Mechanism Credits (SMCs), designed to reward regulated facilities that stay below their emissions baselines.

Updated with reaction from the Carbon Market Institute in par. 28.

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