Energy and climate policy expert Kerry Schott is urging Greens and crossbenchers to pass Labor’s safeguard mechanism trading legislation, saying the goal is to “decarbonise, not deindustrialise” the economy.
, saying the goal is to “decarbonise, not deindustrialise” the economy.
“But the question of pollution from coal and gas has to be addressed,” he added, adopting far more moderate language than when he first offered on February 15 to pass Labor’s bill on the condition that it is amended “to stop opening new coal and gas projects”. Wentworth MP Allegra Spender said the safeguard mechanism is “absolutely critical for business” as they make key decisions about investments to reduce emissions across the industrial sector.
“It is in line with where other countries are focussed and is the minimum needed to make climate change even remotely manageable,” she says in the speech. Finally, she challenges claims emitters will prefer to use offsets over spending on investments to decarbonise their activities.
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