The Greens say they will pass the Albanese government’s planned overhaul of the safeguard mechanism – a climate policy promised to cut industrial emissions – if Labor is prepared to stop new coal and gas projects.
Instead of seeking to limit the number of carbon credits businesses can use to meet their new obligations to reduce pollution, the Greens party room resolved on Tuesday to narrow the focus to securing a ban on new coal and gas either through an amendment to the safeguard legislation, or a new “climate trigger” in environmental law.