Government must produce forecasts under safeguard mechanism as treasurer adds pressure to stalled cross-party talks on limits to new gas and coal projects
Jim Chalmers has accused opponents of Labor’s renewable energy policies of spinning wheels in “ideological cul-de-sacs”, as theOn Tuesday the Senate rejected the Albanese government’s public interest immunity claim, meaning it will be forced to release forecasts of how big industrial emitters would use carbon credits to meet obligations created by the proposed safeguard mechanism.
The government now has until 4pm on Thursday to produce the modelling, a key input into negotiations between the Greens and Labor over the safeguards mechanism bill, which requires big emitters to reduce emissions intensity by 4.9% a year.The two progressive parties remain deadlocked, with the Greens calling for a ban on new coal and gas projects while Labor insists it has a mandate for the safeguards mechanism without a condition that would reduce supply of gas as a transition fuel.
“Cheap, clean renewable energy, new industries up and along the supply chains of the net zero economy, and new ways to maximise traditional strengths,” he said. “Thanks to the work you’ve done with us – on the safeguard mechanism, on climate risk disclosure, on sustainable finance – we’re well placed to make important strides here.”
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