2024-25 preliminary Safeguard Mechanism insights released

We have published preliminary insights for the 2024-25 Safeguard Mechanism reporting period. Our report provides an overview of indicative outcomes and market data, including the likely:

  • number of facilities likely covered under the Safeguard Mechanism
  • total covered emissions of safeguard facilities
  • volumes of Safeguard Mechanism Credits (SMCs) to be issued
  • indicative excess emissions across safeguard facilities.

These figures are based on initial data and are subject to change. Final data and insights for the 2024-25 compliance period will be published by 15 April 2026.

This preliminary data informs the Climate Change Authority’s 2025 Annual Progress Report.

/Public Release. View in full here.