Carbon Markets

Release of the Safeguard Mechanism Discussion Paper and Industry Consultation

The Department of Climate Change, Energy, the Environment and Water (DCCEEW) has today relesed a Consultation Paper on options to reform the Safeguard Mechanism to reduce emissions in line with Australia’s emissions reduction targets.

The government is accepting submissions on the discussion paper until September 20, with a more detailed policy proposal to be released in December. Final rule changes are expected to be legislated by March 31, ahead of the enhanced mechanism taking effect from July 1, 2023.

Industry consultation will seek views on design issues including:

  • setting baselines for existing and new facilities;
  • setting indicative rates for baseline decline;
  • lowering costs through crediting over performance and the use of offsets;
  • identifying options for tailored treatment for emissions-intensive, trade-exposed businesses; and
  • taking account of available and emerging technologies.

If you have any questions or comments, please contact our Client Services team.

Kind Regards,
The RepuTex Team
Australian Energy Markets

Restricted Access

This is a subscriber report. Please login to access this content.

Become a Carbon Insider today

Unlock our latest analysis, briefings and price information with our new Carbon Insider service.

Click below to see our plans.

Sign up for regular insights

LATEST UPDATES

  • Carbon Markets

    UPDATE: Liquidity, prices continue to rise as bullish sentiment drives record traded volumes

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The Australian Carbon Credit Unit (ACCU) market saw strong gains in both price and volume […]

    Research Insights | January 23rd, 2023
  • Carbon Markets

    UPDATE: ACCU prices rise as Safeguard Mechanism position paper spurs market confidence, forward activity

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    Market certainty brought about by the release of the Safeguard Mechanism reform position paper, and […]

    Research Insights | January 16th, 2023
  • Carbon Markets

    IN FOCUS: Safeguard Mechanism policy threads the needle to addresses structural concerns

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The government yesterday presented its detailed design proposal for the Safeguard Mechanism emissions compliance framework, […]

    Research Insights | January 11th, 2023
  • Carbon Markets

    ON POINT: Summary of proposed Safeguard Mechanism 2.0 policy positions

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The below summary of proposed policy positions is derived from the Government’s policy position paper, […]

    Research Insights | January 11th, 2023
  • Carbon Markets

    MR: Safeguard Mechanism reform to trigger a “structural change” in Australia’s carbon market

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    MELBOURNE, January 10, 2023 – The government has today presented its detailed design proposal for […]

    Research Insights | January 10th, 2023
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone