Safeguard Mechanism reforms: New guidelines released on emissions-intensity determination applications and a review for a potential carbon border adjustment underway

In October 2023, the Clean Energy Regulator released guidelines to assist responsible emitters and auditors making applications for an emissions-intensity determination. For existing Safeguard Mechanism facilities, this determination will be an important factor in how a facility’s unique baseline will be calculated under the reformed Safeguard Mechanism scheme. Read more

Future of free allocations under the UK ETS

The UK Emissions Trading Scheme (UK ETS) was launched on 1 January 2021 to replace the UK’s participation in the EU Emissions Trading Scheme (EU ETS). As explained in our previous blog post (here), both schemes work on the basis of a reducing cap with freely tradable allowances, and they currently cover the same industries. … Read more