The Australian government took a major step toward implementing a key climate policy that would force chief greenhouse gas polluters to reduce emissions, with the minor Greens party pledging their support today.
The centre-left Labour Party administration said the so-called Safeguard Mechanism reforms are essential to Australia reaching its target of reducing its emissions by 43 per cent below 2005 levels by the end of the decade. The reforms would create a ceiling on the nation’s emissions and force Australia’s 215 biggest polluting facilities to reduce their emissions over time.
The Climate Council, a leading climate communicator, described the reforms as the first Australian legislation in a decade that would regulate greenhouse gas pollution.
With the support of the Greens’ 11 senators, the government only needs the backing of two unaligned or minor party senators to get the reforms through the upper chamber. Greens leader Adam Bandt said a “hard cap” on emissions would mean that half of the 116 new coal and gas projects proposed in Australia would not go ahead.
The amount of greenhouse gas emissions allowed under the cap has not been made public. The cap would be reduced over time as polluters scaled back their emissions.