The Coalition is poised to block Labor’s heavy emissions cap-and-trade scheme, forcing the government to cut a deal with the Greens who may derail the use of carbon offsets.
, forcing the government to cut a deal with the Greens who are positioning themselves to derail the use of carbon offsets by new coal and gas giants.
Renewed Federal Coalition opposition to Australia’s only economy-wide carbon policy on offer also threatens to undermine theThe Albanese government indicated on Monday that the Greens and independent senators such as David Pocock have the power to end more than a decade of climate war by backing their Safeguard Mechanism law.
Mr Bandt portrayed Labor’s Safeguard Mechanism crediting plan as a scheme that would enable fossil fuel companies to buy “pollution permissions slips” while allowing their emissions to climb.“Coal and gas companies can simply use their obscene wartime profits to buy their way out of the scheme,” he said.
“These reforms have been called for and supported by peak bodies like the Australian Industry Group, and the Business Council of Australia and supported by climate groups.” Coalition opposition would put the Greens and Senator Pocock in the box seat on the government’s legislation, reviving a row that first erupted ahead of Labor’s 43 per cent emissions target law.Greens and Senator Pocock argued the target was insufficient but ultimately backed it because last year’s federal election showed voters wanted concrete results rather than more division on climate policy.on the Safeguard Mechanism changes, which he condemned last year as a “rent-seekers’ paradise”.
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