Two facilities with Safeguard baselines far above their actual emissions are undergoing state assessment processes that could more tightly cap what they emit, irrespective of Safeguard changes.
ARENA has invited applications from companies, utilities, and industrial precincts for a share in grants totalling $43 million to fund "transformational" projects.
A new discussion paper says Safeguard emission limits will decline by up to 6% annually, and seeks responses about possible site-specific approaches to protecting competitiveness.
There will be winners and losers as the federal government moves to tighten Safeguard emission limits and some crucial decisions will need to be made on how baselines are set, according to carbon and energy analyst RepuTex.
Giving every large emitter an individual emissions trajectory will require the completion of 215 separate and complex negotiations within six months, the Grattan Institute has warned.
Current industry policy won't get Australia to net-zero because it's susceptible to lobbying by vested interests, and is based on poorly-designed grants and regulations, says a new Grattan Institute report.
The Albanese government will introduce a new regime of Safeguard credits, in conjunction with its plans to tighten limits on large emitters, Climate Change Minister Chris Bowen confirmed today.
Five industrial regions can deliver up to 70 million tonnes of abatement, but it will require up to a $100 billion in investment in renewable energy, according to a new Climateworks/Climate-KIC study.
Cement company AdBri today announced new emissions intensity targets for 2030, and pledged to be entirely reliant on renewable electricity by the same year.