Safeguard Mechanism proposal sets strong foundation, but doubts around offsets persist  

Published 08:38 on January 10, 2023  /  Last updated at 08:38 on January 10, 2023  /  Asia Pacific, Australia, Carbon Taxes, CBAM  /  No Comments

Groups have welcomed the Australian government’s final policy proposal of the Safeguard Mechanism, saying it vastly improves the existing framework, however concerns remain about facilities’ unlimited access to carbon credits to offset emissions and a failure to deal with Scope 3 emissions.

Groups have welcomed the Australian government’s final policy proposal of the Safeguard Mechanism, saying it vastly improves the existing framework, however concerns remain about facilities’ unlimited access to carbon credits to offset emissions and a failure to deal with Scope 3 emissions.

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