Scott Morrison says Labor wants to use government safeguard mechanism as a ‘sneaky carbon tax’ but it is already making big business pay for offsets
to use the safeguard to cut emissions, not as a political weapon.
The Business Council of Australia, representing top corporates, said: “The safeguard mechanism is already in place alongside a suite of other measures to reduce emissions, with careful consultation with industry we believe it is the right incentive to drive investment, deliver more jobs and meet our net-zero commitments.”
The new data released in March showed the Clean Energy Regulator, the government agency that runs the safeguard, last year required the owners of 14 industrial sites to buy 419,315 credits to offset emissions above their baselines, significantly more than in the three previous years.
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