Australia’s Safeguard Mechanism policy framework faces an uncertain future should there be a change of government at the upcoming federal election, with the Coalition stating it will “relax” settings for some large emitting sectors.
While changes made by Ministerial intervention may be disallowed if they are not consistent with the objective of the Safeguard Mechanism legislation, the Coalition will nonetheless be able to make material changes to the scheme.
In this webinar, RepuTex Head of Research, Bret Harper, discusses the outcomes of our recent Scenario Analysis report, released last week, which modelled alternative pathways for the Australian carbon market under a possible Coalition government.
Specifically, we discuss the impact of “relaxed” Safeguard Mechanism policy settings on price development, including the removal of best practice baselines for new gas projects, and a “maximum slowdown” scenario, to test how the market could reach a new fundamental floor under weaker compliance settings.
This webinar recording is published under our Australian Carbon Intelligence service.
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