"Reforms to the Safeguard Mechanism have been proposed by heavy industry and big business, such as the Business Council of Australia and Australian Industry Group, to end policy uncertainty and enable a predictable emissions reduction pathway to net zero by 2050.The proposed package is based on extensive feedback over nearly six months of consultation with Safeguard businesses, industry associations, climate and community groups, academics and private individuals. It balances the need for emissions reduction in the industrial sector, while strengthening competitiveness and providing flexibility in managing new obligations."
