The Business Council of Australia (BCA) welcomes the opportunity to engage with the Department of Climate Change, Energy, the Environment and Water (the Department) on the Safeguard Mechanism Reforms consultation paper.

The recent passing of the climate bill(s) into law is a ‘water shed’ moment for Australia and hopefully the beginning of a new era of durable and stable climate policy that will see us through to achieving a net zero economy by 2050.

Given the history of climate politics and policy in Australia we found ourselves working with a sector-by-sector approach to reducing emissions across the economy — one that has evolved over two decades involving multiple levels of government and a suite of different policy mechanisms and agencies. Emission reduction efforts in the national electricity market is the leading example of this approach.

Read the full submission here.