Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

4:34 pm

Photo of Larissa WatersLarissa Waters (Queensland, Australian Greens) Share this | Hansard source

I have a series of questions that I'm keen to get some clarity on from the minister, so I'm just flagging that I've a line of questioning here I would love to be able to ask. Often we do each other the courtesy of allowing that. So, Minister, if I can commence with the supplementary explanatory memorandum, which was circulated earlier today. Can I take you to paragraph 3 on page 10, which states:

The intent of the updated second object of the NGER Act is to ensure that covered facilities reduce their net emissions …

The updated objects now also include what we have described as a hard cap, which is covered by subsection (d). Could you please confirm that the intent of the cap in section 3(2)(d) is for real or gross emissions to be capped at the current five-year average and reduced over time?

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