Jenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

It's simply not possible to run through all of the matters that are canvassed between departments and business. However, I can point you to some of the public information that business has provided. For example, the Business Council of Australia has said:

Additional support for trade exposed businesses and workers as well as critical sovereign capabilities is a crucial step that will help save jobs and ensure Australian businesses are competing on the global stage.

As designed the Safeguard Mechanism and its baseline targets are tough but achievable …

… Australia needs a credible, durable framework to reach its climate targets and grow the economy.

The Ai Group says:

The treatment of new facilities appears to strike a workable balance, providing pathways for new projects that stack up to go ahead without adding to burdens on existing facilities or threatening national emissions goals.

The Investor Group on Climate Change have indicated:

The reforms will help to unlock investment in the new and existing industries that will maximise Australia's competitive advantages in a net zero world.

They are obviously some of the peak bodies. BP has said:

bp reaffirms its support for reforms to the safeguard mechanism to provide incentives for large emitters to reduce their emissions in support of Australia's emission reduction targets. We support the goals of the 2015 Paris Agreement on climate change and believe ambitious climate policies, like the safeguard mechanism reforms, will be essential to enable the world and Australia to meet these goals. We look forward to working with the government as the reforms are finalised.

Rio Tinto says:

Rio Tinto supports the use of a reformed Safeguard Mechanism as part of a suite of policy measures to incentivise genuine industrial abatement.

The Aluminium Council says:

The focus of policy design for Safeguard Mechanism should be on establishing a framework to maintain industry, jobs and competitiveness while also decarbonising, through the period to 2030 and beyond to achieve net zero by 2050. The success of this policy will not be measured in 2030 alone, but in the transformation of Australia's industry in the biggest clean industrial and economic revolution this country has seen.