Reserve Bank Governor Philip Lowe is set to come under fire during Senate Estimates following the ninth consecutive cash rate hike. Follow Sky News Australia’s continuous coverage of the major stories in Parliament.
The Greens have issued another climate ultimatum to the government, threatening to derail one of the Labor’s centrepiece emissions reduction policies.
Labor’s revamped safeguard mechanism will see Australia’s 215 largest Co2 emitters be forced to cut emissions by almost five per cent every year by 2030. But facilities will be forced to purchase offsets at a capped price of $75 a tonne if they exceed their respective baseline thresholds.
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