A re-elected Victorian Labor government would adopt a world-leading emissions reduction target for 2035, and would advance the state's net-zero deadline by five years.
BHP says renewable energy purchases should count towards meeting Safeguard obligations, while one industry group wants its members exempted from declining baselines.
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.
The ACCC will ensure that competition law doesn't impede collaborative efforts to decarbonise, its senior executives have told a House of Representatives committee.
GreenCollar, the nation's largest environmental markets investor, and university researchers including Professor Andrew Macintosh, have jointly told the Chubb review they have shared concerns about Australia's carbon credits regime.
Just eight facilities account for half the emissions headroom that currently exists under the Safeguard Mechanism, according to a new analysis by Market Advisory Group.
A draft Safeguard credits Bill would prevent large emitters from earning ACCUs by reducing their scope 1 emissions, and would boost carbon trading transparency.
There is a risk that ERF vegetation regeneration projects have been allocated too many carbon credits, the Wentworth Group of Concerned Scientists has told the Chubb review.
Increased ambition at the federal level helps make it possible for states to raise their own emissions targets, according to Alison Cleary of Climateworks.