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Albanese Government’s Climate Plans Face Hurdle as Experts Criticise Carbon Market Reforms

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  • 14 Oct 2022
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Albanese Government’s Climate Plans Face Hurdle as Experts Criticise Carbon Market Reforms

The Albanese government’s climate plans face fresh scrutiny after it released draft legislation aimed at cutting industry emissions without providing the rules on how the scheme will work and prior to completing a review of the carbon credits scheme. The climate change and energy minister, Chris Bowen, released the draft reforms that provide a new framework for carbon credits generated by the so-called safeguard mechanism, which was inherited from the Coalition government. The mechanism was designed to cap and reduce carbon emissions from industrial plants but instead pollution rose 20% over five years because limits were too lax.

Source: The Guardian

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