AGL Energy (AGL) welcomes the opportunity to comment on DCCEEW’s Safeguard Mechanism Reform Position Paper.
Achieving emissions reductions through the Safeguard Mechanism
We are very supportive of the overall design of the proposed Safeguard Mechanism Reform and welcome the proposed settings outlined in the government’s position paper. These settings allow each sector to contribute their fair share of the overall emissions reductions task, in line with a carbon budget that is consistent with Australia’s required contribution to the objectives of the Paris Agreement. However, we note number of issues that may require further consideration before scheme implementation, including how government can incentivise abatement over offsetting and considerations for government’s role in supporting tailored solutions for individual industrial sectors.
A copy of AGL’s submission to the Safeguard Mechanism Reform Position Paper consultation is available here.