Senate debates Bills
Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee
Jenny McAllister NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy
7:36 pm
Thank you for the question. We are grateful for the Greens' willingness to negotiate, to discuss and to provide ideas about how to strengthen the policy that we took to the election. With respect to Senator Shoebridge and his colleagues, we do not accept that characterisation of the effect of the policy, so I will run through the amendment that we do in fact propose. It is that net emissions, which include offsets, by implication, must not exceed 1,233 million tonnes between '21-22 and '29-30 and that aggregate emissions must reduce over time. It does not change the elemental design feature of the proposal we put forward, which is to allow for entrants and also to allow for expansion of production of existing covered entities. With respect to colleagues, we don't consider that characterisation accurate.
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