Labor and the Greens have reached a compromise on the safeguard mechanism after months of tense negotiations, giving the government the numbers it needs to pass the bill into law.
Greens leader Adam Bandt on Monday announced his party had secured a hard cap on emissions from polluters covered by the scheme. The cap will potentially affect new or expanding fossil fuel projects. But it falls short of the main concession the Greens originally demanded from Labor – an outright ban on new gas and coal projects.
