Aus Government has just created a new reporting requirement for industry. This appears to be a new opportunity for revenue?
The Australian Government has been implementing its ‘Direct Action’ program. Major developments occurred in late 2015 for the program’s key element - the ‘Safeguard Mechanism’ - which will apply to large greenhouse-gas-emitting facilities from 1 July 2016. The Safeguard Mechanism will impose reporting obligations and – potentially – ‘carbon costs’.
http://www.herbertsmithfreehills.co...limate-change-program-the-safeguard-mechanism
PEH Chart, page-39
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