“The BCA’s recommendation to expand the Safeguard Mechanism and lower baselines [emissions] force companies to reduce their emissions, regardless of whether economically viable technologies are available, risking competitiveness and jobs – this is a carbon tax.
“The government has clarified that it will not impose a carbon tax on business by reducing the baselines of the Safeguard Mechanism or expanding its scope. We will set a long -term plan to reduce emissions before COP26.”
The Safeguard Mechanism provides a framework for Australia’s largest emitters to measure, report and manage their emissions.
Labor climate spokesman Chris Bowen said the “very significant” report from the BCA confirmed “what Labor has said throughout the season – that the global climate emergency is an opportunity for Australia’s jobs “.
“Scott Morrison is very in touch with the rest of the world, he doesn’t interact with business and industry in Australia, the BCA, the National Farmers Federation, the irrigators, the Meat and Livestock Council, the Minerals and Exploration Council, [who are] all are committed to net zero in most cases by 2050, and in some cases earlier. “