home.social

#safeguardmechanism — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #safeguardmechanism, aggregated by home.social.

fetched live
  1. I can’t say I wasn’t aware of the greenwashing that’s going on on the back of the fuel tax credit (FTC) scheme, but it doesn’t hurt keeping up to date with the rorts purpetrated by our mining and extracting industry giants. This tax-payer funded rort, just keeps getting better and better despite the revelations in independent media. Not that our #Labor govt is inclined to stamp it out apparently. Seems like we can do both, meet our paultry emission targets AND pay big poluters to, well… polute some more. How inane is that. This is govt taking the rest of us for #numpties. This BS can’t be allowed to go on. We need #AlboPM to end the FTC schemes at least for big business if he’s not gutsy enough to cut the #Farmers out as well.

    “The analysis by Naru Research found the top 18 FTC scheme recipients, mostly multinational iron ore mining and coal companies, collectively received $3.3 billion in credits but only faced an estimated $150 million in compliance costs under the Safeguard Mechanism.

    “Australia’s biggest industrial greenhouse gas emitters are being paid to pollute,” stated researcher Tim Baxter.”

    thepoint.com.au/new/260731-aus

    #SafeguardMechanism #ClimateAction #EmissionTargets #GlobalWarming #ClimateCrisis #FTC #ExtractiveIndustries #FossilFuels #CarbonReductionFramework #AusPol #EnvironmentUnderThreat #NetZero

  2. Climate Action Tracker #Australia 🇦🇺 assessment 11 June 2025.
    We are rated ‘insufficient’, still expanding #fossilfuels, reliant on LULUCF accounting for emission reduction, two thirds of #SafeguardMechanism reduction is based on offsets .

    climateactiontracker.org/count

  3. Financial analyst Alan Kohler on carbon offsets.
    The whole safeguard mechanism for regulating the largest carbon polluters here in Australia is built on using carbon offsets. What a house of cards Labor has established. They use this as justification for not needing a climate trigger in environment laws.

    youtube.com/watch?v=cdYr89Hw6E

    #carbonoffsets #safeguardmechanism #Australia

  4. An Interesting NYT article on the possibilities of soil carbon storage in Australia using fungal spores. This will also help in building up the carbon nutrients in agricultural soils. But Australia's #SafeguardMechanism allows Fossil gas companies to offset Scope 1 & 2 emissions through buying carbon credits, which is highly problematic.

    #SoilCarbon #CarbonCredits #FossilFuels #ClimateCrisis #Australia
    nytimes.com/2024/08/10/climate

  5. Research: Australian human-induced native forest regeneration carbon offset projects have limited impact on changes in woody vegetation cover and carbon removals.

    Poor integrity carbon offsets actually enables fossil fuel projects to increase emissions under current #SafeguardMechanism policy settings which allows unlimited offset credits to meet set targets.

    nature.com/articles/s43247-024

    #CarbonOffsets #CarbonAccounting #Australia #ForestRegeneration #FossilFuels

  6. Best weekend read? 🔖
    Climate Betrayal: how backroom deals with Japan locked Australia in for decades of gas

    Reveals foreign relations diplomacy and pressure between #Japan🇯🇵 and #Australia🇦🇺 , Fossil Fuel company lobbying on #FossilGas and #LNG (especially #Santos & #Inpex with Icthys and Barossa Gas projects) , IEA on no new fossil fuel projects, Australia's #SafeguardMechanism and the new #SeaDunping legislation to enable #CCUS across international borders.

    By former SA Senator and transparency warrior Rex Patrick and Philip Dorling.

    #MichaelWestMedia #FossilFuels #ClimateCrisis

    michaelwest.com.au/labor-gover

  7. The #Australian #Labour government recycles light version of previous government's futile #ClimatePolicy, rebrands it "#SafeguardMechanism.

    @thejuicemedia sums it up in this great spot:

    youtu.be/YrkE_VaMD4k

    Check if your national government does the same "shitfuckery" and vote 🗳 accordingly.

  8. Climate impacts of fossil fuel projects under the Albanese government. report (ACF)

    "The total carbon pollution that would result from new fossil fuel projects that have received approvals or other material support under the Albanese government is nearly 35 times larger than the total cumulative emissions reduction that will be delivered by the Albanese government’s signature climate policy, the Safeguard Mechanism, to 2030."

    #Australia #FossilFuels #ClimateCrisis #SafeguardMechanism
    acf.org.au/climate-impacts-of-

  9. Australia's #SafeguardMechanism allows #fossilfuel projects to proceed as long as Type 1 & 2 emissions are offset. But what if those #carbonoffsets are based on a flawed and still being researched methodology... like #soilcarbon?
    reneweconomy.com.au/australian

  10. Perverse outcome: Largest coal mines in Australia🇦🇺 can increase emissions and receive climate credits for doing so under Labor’s Safeguard Mechanism.
    Is this a flaw or a feature?
    The problem with under-reporting fugitive emissions is well known due to the baseline average methodology that does not include site measurements or satellite measurements.
    #SafeguardMechanism #FugitiveEmissions #Coal #Australia #ClimatePolicy #ClimateCrisis
    climateactionmerribek.org/2023

  11. Australian🇦🇺 Climate Change Minister Chris Bowen needs to adopt accurate fugitive emissions reporting methodology as part of regulations for coal and gas mines, to avoid the perverse outcome of some of Australia's largest Coal mines being allowed to increase emissions to 2030 and receive climate credits worth up to $180 million under the #SafeguardMechanism.

    #FugitiveEmissions #Coal #GAS #Australia #FossilFuels #Methane #ClimateCrisis
    climateactionmerribek.org/2023

  12. CW: Australian Labor Government acting slow on Climate. Some thoughts after the ALP National Conference.

    Australian Labor Government acting slow on #ClimateAction. Some thoughts after the ALP National Conference. We need to ensure what the Labor Government does commit to do in the climate action space, it does very well. No loopholes.

    * Integrity of #CarbonOffset credits a major loophole in #SafeguardMechanism.
    * We need a climate trigger in the refresh of the EPBC Act. This can prevent new coal and gas approvals.
    * The Nature Repair Market proposed by Plibersek is highly problematic in financialising #biodiverrsity which may lead to perverse extinction outcomes, but driving new profits like in the carbon offsets market.
    * Net Zero Authority already established (a positive) needs to draw up fossil project phaseout contingency plans as part of a #JustTransition framework.
    * Ambitious #FuelEmissionStandards important to get EVs imported and to drive takeup.
    * Impose a #carbontax per tonne on all coal and gas exported. This is a transitional tax to raise revenue.
    * Phaseout Fossil Fuel tax subsidies presently at $11bn per year (#G20 Commitment)
    * Maintain #renewables increase and upgrade grid (transmission), grid and community batteries as urgent priority
    * Prioritise reducing FF methane fugitive emissions and address measuring and reporting methodology that is failing to match satelite data (Commitment to #GlobalMethanePledge)
    * Stop subsidising gas & carbon capture and storage projects (Coal to Hydrogen in Vic, subsidy to Middlearm project Darwin) Chevron's Gorgon project demonstrates #CCS falls far short of meeting targets.
    * Release the ONI Climate Security Report to #TellTheTruth
    * Put in place #bushfire and #heatwave preparedness measures for this summer in co-operation with the states. Fire scientist David Bowman says we are sleepwalking into disaster this summer. Early bushfire warnings already issued for SE Queensland (a month earlier than in 2019)
    * Declare a Climate Emergency (A largely symbolic action, but there can be meaningful consequences)

    This was a rapidly put together list after the ALP national conference. A lot more could be added.
    #Auspol #ALP #ClimateCrisis

  13. RT @TimBuckleyCEF: CEF in Canberra Times today: finally, collaborative gov is back with a workable, credible #SafeguardMechanism framework on which to base ⬆️ climate ambition after decade of despair. 🙏@Bowenchris @AdamBandt @zalisteggall @spenderallegra @davidpocock et al. t.co/nmQqslWgDR

  14. Compromise Compromise Compromise:
    So, the new #SafeguardMechanism v2.0 is on the table. Compromise from almost all sides. No hard cap on pollution, reduced obligations on certain companies. An upper price cap (which will end up costing the taxpayer or become a "pseudo" subsidy). Complex and unwieldy. Hopefully a start which can only improve.

    To borrow from Megan Evans: "Don't let the bare minimum be the enemy of the grossly inadequate."

    lnkd.in/gn_F9Bgv
    #climate #auspol

  15. You know all the celebratory talk about the agreement on the #SafeguardMechanism

  16. #SafeguardMechanism

    ⁦‪Adam Bandt‬⁩ has announced the Greens have struck a deal with the govt to pass the safeguard mechanism legislation – but with tougher limits that require corporations to reduce pollution rather than just buying offsets

    smh.com.au/politics/federal/gr

    #auspol #SGM #climate #emissions

  17. "Peace in the real climate war requires reconciliation with nature. She only accepts emission reductions in the atmosphere, not offset increases on paper. It is her timeline that must be met."

    #ClimateAction
    #SafeguardMechanism
    #ClimateWars

    My OpEd with Chris Barrie in SMH

    smh.com.au/environment/climate

  18. I'd lost touch with the brilliant output of @thejuicemedia on #climatebreakdown and the risible #AUSpol measures supposedly tackling it. Here's their classic #comedy skit on the #safeguardmechanism, relying on #netzero #carboncredits. TBH it isn't just #Australia that sold into the con of #netzero, it is the entire world. I am disgusted that poets sold out to work in #marketing, ensuring words invented by the #oilandgas industry control the #climate narrative for decades
    youtube.com/watch?v=Titf-M0kBS

  19. We handed over a copy of the IPCC AR6 Synthesis #ClimateReport to Peter Khalil’s office staff, plus the recent call by 6 Pacific Nations for phaseout of all coal and gas, plus the transcript of UN Secretary General speech launching IPCC report calling for #NoNewCoal, #NoNewGas.
    #SafeguardOurClimate
    #safeguardMechanism #Climatecrisis #ClimateDiary

    @CAMerribek

  20. Protest outside Federal Labor MP Peter Khalil to #SafeguardOurClimate not polluters. Proposed #SafeguardMechanism presently being debated in Fedetal Patliament likely to increase global emissions. We need #NoNewCoal #NoNewGas #NoDodgyOffsets. Peter has failed to consult with constituents and local climate groups in one of the strongest electorates calling for ambituous #ClimateAction.
    Juliet and Jones of Chihuahuas for Climate Action were there

    @CAMerribek
    #Merribek #climateCrisis #ClimateDiary
    #DogsOfMastodon

  21. "Don't worry"

    "We'll do it later"

    The Australian government's can-kicking climate philosophy has captured business, media and climate wonks. Those repeating the IPCC get dismissed as reckless and foolhardy.

    "Easily the biggest point in the report echoes a point stated by the International Energy Agency in early 2021: in a world where we’re trying as hard as possible, we stop building new fossil fuel infrastructure at the same time as massively reducing demand for fossil fuels.

    “Estimates of future CO2 emissions from existing fossil fuel infrastructures without additional abatement already exceed the remaining carbon budget for limiting warming to 1.5°C (50%)”, write the IPCC. “Projected cumulative future CO2 emissions over the lifetime of existing and planned fossil fuel infrastructure, if historical operating patterns are maintained and 12 without additional abatement, are approximately equal to the remaining carbon budget for limiting warming to 2°C with a likelihood of 83%”."

    I got angry about it, for @renew_economy

    reneweconomy.com.au/new-ipcc-r

    #ipcc #climate #safeguardmechanism #laborparty #Australia

  22. Zero or Net Zero?
    The #SafeguardMechanism risks supporting the latter unless it is reformed.

    #climate #auspol

Share on Mastodon

Enter the server where you have an account.