Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

5:11 pm

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

Implicit in your question, Senator Hughes, is an expectation that all businesses will be required to reduce by 4.9 per cent. We have been through a long process of consultation, and amongst the changes that Minister Bowen announced recently were changes to the threshold that would allow emissions-intensive, trade exposed industries to access a—how shall I characterise it?—less ambitious decline pathway in recognition of their significance and the challenges for those businesses in meeting that pathway.

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