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Safeguard Mechanism Reform: Declining Baseline Trajectories, Safeguard Mechanism Credits and Trade-Exposed Assistance

This regulation requires Australia's largest industrial facilities (over 100,000 tonnes CO2-e direct emissions annually) to progressively reduce their net…

What Safeguard Mechanism Reform: Declining Baseline Trajectories, Safeguard Mechanism Credits and Trade-Exposed Assistance requires

This regulation requires Australia's largest industrial facilities (over 100,000 tonnes CO2-e direct emissions annually) to progressively reduce their net emissions by adhering to declining baselines, with a default annual reduction rate of 4.9%. It establishes Safeguard Mechanism Credits (SMCs) for facilities emitting below their baseline, as detailed in the Safeguard Mechanism (Crediting) Amendment Rule 2023.

Pillar: Energy & Utilities · Authority: Australian Government Clean Energy Regulator (CER) · Version: 1.0.0 · Last updated:

Primary source: https://www.cleanenergyregulator.gov.au/NGER/The-safeguard-mechanism

SHA-256 integrity: 56c8fa2667d2d50c0219cadf19998f7933489b38ce098b7195287938a79e6bcc

Primary Citations — 7 traced to source

  • National Greenhouse and Energy Reporting (Safeguard Mechanism) Rule 2015, Part 3, Division 2 - Applications for baseline determinations
  • National Greenhouse and Energy Reporting (Safeguard Mechanism) Rule 2015, Section 11 - Meaning of covered emissions

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