Asia Pacific > Safeguard Mechanism will be untenable if new fossil fuel projects allowed to go ahead, report warns

Safeguard Mechanism will be untenable if new fossil fuel projects allowed to go ahead, report warns

Published 07:34 on January 17, 2023  /  Last updated at 09:47 on January 17, 2023  / /  Asia Pacific, Australia

A report has warned that just a handful of new gas projects in Australia’s Safeguard Mechanism would eat up the majority of the supply of carbon credits available, and place an A$8 billion ($6.2 bln) burden on other businesses to decarbonise at much faster rates.
A report has warned that just a handful of new gas projects in Australia’s Safeguard Mechanism would eat up the majority of the supply of carbon credits available, and place an A$8 billion ($6.2 bln) burden on other businesses to decarbonise at much faster rates.


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