The Australian government announced on 13 November 2023 a public consultation paper seeking to review carbon leakage risks in Australia and various policy mechanisms to address carbon leakage. The consultation is open until 12 December 2023.
Policy options include the consideration of an Australian carbon border adjustment mechanism (CBAM), emissions product standards, targeted public investment in firms’ decarbonisation, and multilateral initiatives.
Source: KPMG
Latest Posts in "Australia"
- Australia GST Guide for Cross-Border Amazon FBA Sellers
- Australia Sets E-Invoicing Timeline for Commonwealth Agencies by December 2026
- Australia Introduces Bills to Pause Draught Beer Tax Indexation for Two Years
- Australia-UAE Free Trade Agreement Comes Into Effect
- Australia Establishes E-Invoicing as Default in Federal Procurement
