Climate love
Image of Malcolm Turnbull

Malcolm Turnbull

Climate love

๐€๐ฎ๐ฌ๐ญ๐ซ๐š๐ฅ๐ข๐š ๐œ๐š๐ซ๐›๐จ๐ง ๐ฉ๐ซ๐ข๐œ๐ž ๐Ÿ๐จ๐ซ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฆ๐š๐ฒ ๐ข๐ง๐Ÿ๐ฎ๐ฌ๐ž ๐ ๐ซ๐ž๐š๐ญ๐ž๐ซ ๐œ๐ฅ๐ข๐ฆ๐š๐ญ๐ž act

Australia is about to take a big, constructive step on climate change policy: shall have a carbon price for the industry sector, under the safeguard mechanism. It comes nine years after the Abbott Coalition government abolished Labor's carbon price. The safeguard mechanism lay as a sleeper for many yearsโ€”legislated in large parts under the Coalition government, but kept ineffective due to how it was implemented. The mechanism will become effective as a so-called "baseline and credit scheme," putting a price signal on about 30% of Australia's greenhouse gas emissions. It will create a sizeable financial incentive to cut emissions in industry, even though it also relies on land-based carbon offsets.
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Do you agree?

18 more agrees trigger contact with the recipient

  • Peter Kamau

    โ€ข

    54 w

    This is indeed a great deal that'll ensure significant curbing on the amount of GHGs produced

    5
    • George Kariuki

      โ€ข

      54 w

      It's encouraging to see Australia taking a big step forward on climate change policy by introducing a carbon price for the industry sector.

      5
      • Joseph Githinji

        โ€ข

        54 w

        A great way to reduce greenhouse gas emissions. Hope someday we can all celebrate for reaching to a zero carbon goal.

        11
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