Senate debates Bills
Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee
Jenny McAllister NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy
7:10 pm
Almost correctly. The $600 million fund is the safeguard transformation stream. That is funding that will reduce emissions at safeguard facilities that are trade exposed. The definition of a trade exposed activity is defined by what are called 'production variables', and they exist in the draft rules that have been published alongside this legislation.
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