The new Safeguard Mechanism protects the fossil fuel industry and does nothing to save our climate from disaster according to Richard Denniss. Jim McIlroy reports.
Safeguard Mechanism
Labor's safeguard mechanism should be scrapped and replaced with a policy designed to reduce emissions, argues Alex Bainbridge.
Environment Victoria released this statement on May 5.
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Analysis by Environment Victoria has revealed that Australia’s greenhouse gas emissions could rise by up to 20% without breaching the proposed Safeguard Mechanism in the Abbott government’s Emissions Reduction Fund because of the government’s proposed “special treatment” of coal generators in the electricity sector.
