LL-016··Labour-led government (Greens confidence & supply)·legislation
Industrial allocation ETS reforms (2023)
Win +1What happened
Climate Change Response (Late Payment Penalties and Industrial Allocation) Amendment Act 2023: reformed industrial free allocation to address over-allocation; tighter eligibility for new activities; updated allocative baselines from 2024.
Why it matters
Reduces ETS free-allocation overhang - strengthens carbon price signal for industry.
Impact assessment
Meaningful ETS integrity reform; National later implemented baseline updates from 2024.
Attribution
shared (high confidence) -Labour, Greens
Labour-led ETS reform passed August 2023 before election.
Coalition period: Labour-led government (Greens confidence & supply) (17 October 2020 - 26 November 2023)
Categories
governancemitigation