The 2024-25 Safeguard Mechanism data has now been published. The outcomes for 2024-25 include:
- 208 facilities were covered by the Safeguard Mechanism
- total covered emissions were 132.8 million tonnes of carbon dioxide equivalent (Mt CO2-e) - a 2.3% reduction from 136.0 in 2023-24
- a total of 6.7 million Safeguard Mechanism credit units (SMCs) were issued to 54 facilities - a reduction from 8.3 million units issued to 64 facilities in 2023-24
- 10.8 million Australian carbon credit units (ACCUs) and 2.6 million SMCs were surrendered to meet compliance obligations - an increase from 2023-24, where 7.6 million ACCUs and 1.4 million SMCs were surrendered
- compliance with the Safeguard Mechanism was again high, with 205 (98.6%) of the 208 covered facilities being compliant with the requirement to not be in an excess emissions situation on the compliance deadline.
Annual data publication supports transparency and informed decision making for industry, policy makers and the public.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
