Nick Forbutt

Mar 28, 2023 | lexology.com | Vishal Ahuja |Claire Rogers |Dale Rayner |Roslyn Hinchliffe |Nick Forbutt

The Safeguard Mechanism reforms are set to become law with some amendments, after the Federal Government struck a deal with the Greens to secure their support. The reforms aim to limit industrial emissions and are a central policy component of the Government’s plan to meet its emissions reduction target of 43% below 2005 levels by 2030. In exchange for the Greens’ support, the Government agreed to several amendments including a cap on actual emissions and a pollution trigger.