Coalition calls for rollback of emissions reporting rules

Summarised from 2 outlets · Updated 14 Oct, 06:04 · Archive

Australia's opposition coalition wants to scrap mandatory emissions reporting requirements for businesses, citing excessive costs.

Australia's opposition coalition is calling on the federal government to roll back mandatory emissions reporting requirements for businesses. Deputy opposition leader Jane Hume will introduce a bill on Wednesday to reduce what she describes as a regulatory burden hitting family-run companies. The government's mandatory climate and sustainability reporting regime requires large companies to disclose direct and indirect electricity greenhouse gas emissions generated in Australia.

The mandate is set to be extended next financial year to capture indirect emissions in supply chains, including coal burnt overseas and energy used by suppliers. Businesses have criticised the extension, saying it will force them to make complex calculations. Treasury has estimated modelling could cost about £245,000 per entity in the first year, and £160,000 each year after that.

Senator Hume said the requirements constituted "an enormous red tape and regulatory burden on businesses". She argued that businesses would be forced to work with larger providers that had staffing resources to track emissions under the changes, putting smaller suppliers at risk. She also wants the government to scrap mandatory reporting for businesses with revenue from £50 million to £200 million, which are due to be added to the scheme from July 1, 2027. Environmental groups have praised the reporting changes as vital for accountability.

How it is being reported

• Call to scrap 'enormous red tape' emissions ruleThe coalition is calling on the federal government to roll back a plan requiring businesses to track and report their emissions.Perth Now · 14 Oct, 05:39
• Call to scrap 'enormous red tape' emissions ruleThe coalition is calling on the federal government to roll back a plan requiring businesses to track and report their emissions.The West Australian · 14 Oct, 05:39

In this story: Jane Hume · Matt Canavan · Australian coalition · Australia

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