We are undertaking a Carbon Leakage Review (the Review).
The Australian Government has appointed Professor Frank Jotzo to lead the Review to consider additional policy options to address carbon leakage.
Professor Jotzo is a Professor of environmental economics and climate change economics at the Australian National’s University (ANU) Crawford School of Public Policy and the ANU Institute for Climate, Energy and Disaster Solutions. He has been an author with the International Panel on Climate Change (IPCC), and advised governments on climate, economic and trade matters. He brings experience and expertise to the Review.
The Review will consult with a range of stakeholders including industry, environmental groups, research experts, international trade partners and the broader community.
Scope of the Review
The Review will focus on:
- an assessment of the carbon leakage risks
- development of policy options to address carbon leakage
- an assessment of the feasibility of an Australian Carbon Border Adjustment Mechanism, particularly in relation to steel and cement.
In March 2023, the Australian Government announced it would undertake a review of carbon leakage as part of the Safeguard Mechanism reforms and formally commenced on 1 July 2023.
The Review will include 2 consultations with businesses, employee groups, the research sector, and community groups, including calls for written submissions.
The Review is due to report by 30 September 2024.
The design of any agreed policy options will take place after the review and could be part of the Australian Government’s net zero 2050 plan.
Read the Terms of Reference for more details or contact the Carbon Leakage Team on email@example.com