Asia Pacific > Compliance Markets & Taxes > Offset use in Australia’s Safeguard Mechanism drops 42% despite rising emissions

Offset use in Australia’s Safeguard Mechanism drops 42% despite rising emissions

Published 05:06 on March 14, 2019 / Last updated at 12:02 on March 14, 2019 / / Asia Pacific (Compliance Markets & Taxes, Pacific)

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Facilities covered by Australia’s Safeguard Mechanism used 42% fewer offsets to meet their emissions target in FY2017-18 compared to the previous year despite rising emissions, as the few companies missing their targets explored other options to comply.
Facilities covered by Australia’s Safeguard Mechanism used 42% fewer offsets to meet their emissions target in FY2017-18 compared to the previous year despite rising emissions, as the few companies missing their targets explored other options to comply.


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