• Choose your own baseline – Industrial emissions and the Safeguard Mechanism

    IN SHORT: High emitting industrial facilities covered by the ‘safeguard mechanism’ (excluding the generation sector) are projected to drive national emissions growth through to 2030, with companies given flexibility to […]

  • Media Release: Industry may face declining emissions baselines to meet 2030 target

    MELBOURNE, September 21, 2016 – New analysis by energy advisory firm, RepuTex, indicates that industry may soon face greenhouse gas emissions cuts under the government’s safeguard mechanism, with emissions baselines […]

  • Policy Scenarios

    Policy scenarios & review While the current design of the Safeguard Mechanism will impose little compliance obligations on high emitting companies, the ineffectiveness of the policy to adequately “safeguard” ERF […]

  • Company Exposure

    Summary Baselines will reflect the data reported under the National Greenhouse and Energy Reporting Scheme (NGERS), and will generally reflect the highest emissions level reported between 2009/10 and 2013/14. The […]

  • Scheme Coverage

    Scheme Coverage The safeguard mechanism covers all facilities with direct emissions of more than 100,000 tonnes of carbon dioxide equivalent per annum (tpa). More than half of covered emissions are […]

  • Policy Summary

    The Safeguard Mechanism – Policy Summary In October 2015, Environment Minister Greg Hunt lodged the National Greenhouse and Energy Reporting (Safeguard Mechanism) Rule 2015 (the “Safeguard Rules”), which sets out […]

  • BRIEFING: Senate may add (baby) teeth to safeguard scheme

    The leniency of the newly released ERF Safeguard Mechanism draft rules has increased the prospect of a disallowance motion being brought forward in the Senate to quash, or strengthen, the […]

  • ANALYST UPDATE: Safeguard leniency to dilute ACCU demand

    In our earlier Market Update, “ERF Safeguard Mechanism – Toothless Tiger…or Hidden Dragon?”, analysis indicated that approximately 85 facilities would be likely to face a compliance obligation under the proposed […]

  • IN FOCUS: Emissions trends over the baseline period

    Below, we provide an extract from our latest Market Update, “Reviewing the ERF Safeguard Mechanism – Toothless Tiger or Hidden Dragon?” released this week. In order to better understand the […]

  • UPDATE: ERF Safeguards – Toothless Tiger or Hidden Dragon?

    Prior to the announcement of Australia’s new post-2020 emissions reduction target – and the release of updated rules for the government’s ERF Safeguard Mechanism – in this Update we analyse […]

  • IN FOCUS: Aligning the ERF with the Safeguards Mechanism

    The government may consider amendments to the proposed safeguard mechanism in order to better align the scheme with the Emissions Reduction Fund by ensuring that emissions reductions purchased from industry […]

  • TALKING POINTS: Safeguards Paper: A missed opportunity?

    In our latest Talking Points, we review the government’s recently released Consultation Paper on the ERF Safeguard Mechanism. While the ‘light touch’ compliance scheme is a short-term win for the […]