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Grant Wilson

The Coalition is safeguarding emissions

The safeguard mechanism is the means by which the Coalition is frustrating Australia’s transition to net zero. It is not fit for purpose.

The prickly response of Angus Taylor, Minister for Industry, Energy and Emissions Reduction, to the Business Council of Australia’s abrupt support of a net zero emissions economy by 2050 last week was revealing in one key respect.

The BCA made fully 63 recommendations, yet it was the proposed reform of the Safeguard Mechanism, which forms part of the Emissions Reduction Fund or ERF, that riled Mr Taylor most of all.

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Grant Wilson is Executive Chair of Tivan Limited, a critical minerals company with major project status in the Northern Territory. He sits on the Advisory Board of Exante Data, Inc, a macro advisory and data analytics company based in New York. Connect with Grant on Twitter.

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    Original URL: https://www.afr.com/markets/equity-markets/the-coalition-is-safeguarding-emissions-20211017-p590m3