As has been heavily documented the Safeguard Mechanism (which covers approximately 50% of Australia’s covered emissions) is one of the measures in place to help Australia meet its Greenhouse Gas Emissions (GHG) reduction targets of 28% under 2005 levels by 2030. Following the updates to the Safeguard Mechanism rules in March 2019 facilities should review their current arrangements to ensure they are best placed for the upcoming changes and are best positioned to meet their future obligations.
Edge has been working with clients to review what the changes could mean for them and provided positive outcomes for their environmental reporting and Safeguard baseline applications. We ensure clients are not only on the appropriate baseline for their facility today, but that they are future-proofed to complete the compulsory transition onto new calculated baselines; ensuring they are in the best possible position after 2020. We are also assisting clients with meeting their commitments if their baselines are exceeded, by assisting with the procurement of Australian Carbon Credit Units (ACCUs) for them to surrender to ensure they continue to meet their obligations.
If your company would like assistance in assessing your Safeguard Mechanism arrangements or require brokerage services for carbon units please get in contact with Edge on (07) 3905 9220