Carbon credits key to industrial emissions in Australia
11 Oct 2022
Proposed laws to reward Australia's biggest greenhouse gas emitters for reducing pollution will be introduced to parliament next month to support ambitious national targets.
Across the economy, more than 200 industrial facilities each producing more than 100,000 tonnes of emissions a year must comply with the current safeguard mechanism scheme, which is set to be tweaked. Energy Minister Chris Bowen has used a business summit to begin three weeks of consultation on giving extra credits to industrial plants that make cuts that are deeper than "baseline" requirements.
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