On March 30, 2023, both houses of the Australian Parliament passed the Safeguard Mechanism (Crediting) Amendment Bill 2023. According to the country’s Department of Climate Change, Energy, the Environment and Water, the revision of this law is a historic milestone that lays the main pillar of the reform of the Safeguard Mechanism.
Australian Parliament passes Safeguard Mechanism (Crediting) Amendment Bill
Requiring large emitters to comply with emission cap
![Australian Parliament passes Safeguard Mechanism (Crediting) Amendment Bill](https://enviliance.com/src-tsr/wp-content/uploads/2021/10/shutterstock_1973457977-1024x683.jpg)