The energy minister issues an ultimatum to federal parliament: Accept the government's plan to make big polluters cut their emissions, or risk losing the entire deal.
The Greens argue that Labor will not meet its 43 per cent emissions target if new coal and gas projects are approved and have withheld support for the bill.
He said that, for now — with gas supply shortfalls forecast and falling production of gas in southern states — new projects were needed to continue fuelling gas-fired plants.The safeguard plan would mandate facilities reduce their emissions by 4.9 per cent each year, but it would also allow them to buy an unlimited number of carbon credits from other facilities to meet that requirement, which — in theory — would still bring total emissions across the sector down by the same amount.
Mr Bowen explained that it was necessary to give the sector, as it adapted, flexibility in how it reduced emissions.
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