OPINION: If Peter Dutton takes the Coalition back to the Abbott era, then more of their seats will tumble to the teals next time.
Just when you thought the climate wars were over, they have erupted again. Within hours of climate change and energy minister Chris Bowen announcing the detail of the Safeguard Mechanism for the big carbon emitters, the Coalition and the Greens attacked it.
However, the Greens have indicated that they will negotiate with the Albanese government “in good faith”.Reading between the bars of the sheet music, it appears more likely that when the band strikes up the Coalition will be dancing with the likes of One Nation and the United Australia Party but not with the Greens.
Australian Carbon Credit Units will play an important role in achieving the government’s emission-reduction targets. They will be used to offset emissions by big emitters where it is difficult or very costly to avoid emissions altogether.Critics of ACCUs, including those who previously were involved in their design, have not accepted the conclusions of the Chubb report.
The Chubb report and the detailed Safeguard Mechanism announced by minister Bowen offer a path forward for decarbonisation and business investment.
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