Final Warning
Follow The Money
00:00
The Pros and Cons of the Australia's Emissions Shield Mechanism
Safeguard possibly could be a good tool to help industry decarbonise. But if we dealt with the fundamental issue of what is driving emissions to increase in Australia, i.e. fossil fuel expansion, all these problems are a lot smaller. The safeguard mechanism is a pay to pollute model. And the cost to continue polluting as usual will be pocket change for many of these hugely profitable multinational companies. There is no ceiling to the offsets polluters can buy. The cost of those offsets will be less than 0.1% of their profits, giving polluters no reason to cut their emissions. I do not accept the premise to the honourable members question. It is the
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