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Bowen says climate reforms will help Australian industry avoid carbon tariffs
Bowen says how this will work has yet to be determined and gives a nod to an upcoming discussion paper, with the details to be hammered out in consultation with industry. But he raises some interesting points that this needs to happen as there is a growing risk Australian industry will be exposed to carbon tariffs if nothing changes.
This will help us avoid these, by showing the EU and the rest of the world, you don’t need to slap tariffs on our manufacturers and our producers because Australia is working with industry to get emissions down in a very sensible way.
The safeguard mechanism is taking the 315 biggest emissions and working with them to reduce emissions, because if we don’t, we will continue the 10 years of no reductions from those facilities and it won’t cut the mustard.
Any facility which emits more than 100,000 tonnes … whether it is new or existing, which is just increasing its activity, we are not having the same architecture. They will be put on a trajectory to net zero, facility by facility. We have designed this in a very sensible way.
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