Which brings us to Labor’s revamped ‘Safeguard Mechanism’.
First, let’s set one thing straight. This is basically all about the coal and gas industries. More than 54% of emissions covered by the Safeguard Mechanism come from gas or coal:

This chart shows how big the emissions from the gas and coal industries are compared to other industries covered by the Safeguard Mechanism. Often industries like cement production, agriculture or manufacturing are presented as being a big part of Australia’s climate debate. This chart shows that they’re not, at least in terms of the Safeguard Mechanism.
So, here’s how the Safeguard Mechanism manages to look effective while actually facilitating gas and coal projects.













