The Safeguard Mechanism has the most potential out of all policy commitments currently in the Powering Australia Plan to result in real emissions mitigation and abatement, if reforms are prudent and ambitious. With just 7 years in between the commencement of the proposed reforms and the 2030 emissions
reduction target milestone, there is no option but for the Safeguard Mechanism to be designed to carry out its purpose courageously and with precision. In these reforms, we see an opportunity for this Government to provide clarity and certainty for business and community by leading the way to real net-zero emissions.