THE Australian government took a major step today towards implementing a key climate policy that would force major greenhouse gas polluters to reduce emissions.
The governing Labour Party said the so-called Safeguard Mechanism reforms are essential for Australia to reach its target of reducing emissions by 43 per cent below 2005 levels by the end of the decade.
The reforms would create a ceiling on the nation’s emissions and force Australia’s 215 biggest polluting facilities to reduce the nation’s greenhouse gas emissions by 205 million metric tons by 2030.
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