The left-wing Australian Greens say they will soften their demands for a proposed fossil fuel ban to shake hands with the centre-left Labor government to pass its carbon credit reforms in an effort to tackle climate change.
The so-called “Safeguard Mechanism Reforms (Crediting) Amendment bill,” which the Labor government is looking to pass through the Senate, requires Australia’s largest greenhouse gas emitters to keep their net emissions below an emissions limit. Businesses can “offset” emissions deemed in excess of government regulations by purchasing carbon credits.
