Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

The Safeguard Mechanism (Crediting) Amendment Bill 2022 will enable large industrial facilities to earn credits when they reduce their emissions below their baselines. In other words, you try and ensure that they also contribute to the net-zero target, which, by the way, those opposite have signed up to. It's a balanced scheme—effective, equitable, efficient and simple—and these are reforms that were first proposed by Mr Taylor and were a recommendation of the 2020 expert panel, which your government accepted and consulted on. What I'd suggest is that those opposite listen to their leader, who said last year, 'When you lose elections, it's important to listen and to understand the reasons why you lost.' But you can't hear. You don't want to hear, do you? I ask that further questions be placed on the Notice Paper.