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Kerry Schott

Better carrot and stick provides investment certainty for carbon cuts

The climate safeguard mechanism for large emitting facilities means reaching the 43% emissions reduction target by 2030 is certainly ‘doable’.

Kerry SchottFormer energy regulator

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Yet again the political debate about reducing emissions in the energy sector rages. It is adding little more than further uncertainty to what is already a challenging, but nevertheless progressing, transition.

Meanwhile, in other heavy-emitting sectors work goes on. And it is now exactly one year since Australia’s largest emitting facilities became obliged to reduce their emissions under the reformed safeguard mechanism.

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    Original URL: https://www.afr.com/policy/energy-and-climate/better-carrot-and-stick-provides-investment-certainty-for-carbon-cuts-20240625-p5jok2