Coal, carbon emissions and cost: Australia’s Safeguard Mechanism in action

First legislated in 2016, the Safeguard Mechanism is a vital component of Australia’s ambitious strategy to manage and reduce emissions from its largest industrial facilities. The scheme was reformed in 2023 and introduced a standard annual baseline decline rate of 4.9%, signifying a commitment to a sustainable future as each facility’s emissions allowance decreases annually. This transformation invites us to contemplate the implications for coal mines that demonstrate varying emissions profiles among different mine types. Explore the report to unlock valuable insights into the evolving landscape of Australia's Safeguard Mechanism and its broader implications for the coal sector.