Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

7:16 pm

Photo of Jenny McAllisterJenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

Amongst the many virtues of proceeding down this reform path is our ability to provide certainty for a range of entities that seek to make investments in Australia. Anyone who is making an investment at the moment I think already understands that they will be required, whether as a consequence of international markets or their investor community or of regulatory arrangements or some other pressure, to move to low-carbon arrangements. What the implementation of these reforms will do is give anyone who is seeking to make a decision some measure of certainty about what the government of Australia expects of them in contributing to our transformation to a low-carbon economy.

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