Re: AAC Response to Exposure Draft Safeguard Mechanism Amendment Bill 2022 and the Carbon Credits Amendment Rules 2022

October 30, 2022

The Council continues to consider how reforms to the Safeguard Mechanism can meet the continued global competitiveness of the Australian aluminium industry, while recognising that declining baselines need to be delivered in the context of Australia’s target of by net zero by 2050 and 43% by 2030, as well as corporate ambitions over similar periods. The Council has also considered the needs for legislative as well as policy settings which will provide a transition to certainty for businesses through to 2030 and beyond.

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