The Australian Government has formally commenced consultation on the 2026–27 Safeguard Mechanism Review, marking the beginning of the policy process that will refresh the framework for Australia’s industrial emissions scheme beyond 2030, aligned to Australia’s Nationally Determined Contribution (NDC).
In line with our previous updates, the consultation paper does not propose wholesale reform of the Safeguard Mechanism, instead focusing on recalibrating the existing framework to support Australia’s 2035 emissions target. This is consistent with the review scope, set when the Safeguard Mechanism reforms were legislated in 2023.
Per that previously disclosed scope, the paper covers the broad range of issues,
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