We published the 2023–24 Safeguard Mechanism data on 15 April 2025.
The 2023–24 safeguard publication includes facility-level data for the first compliance period under the reformed Safeguard Mechanism.
In 2023–24:
- 219 facilities were covered by the Safeguard Mechanism
- emissions reduced from 138.7 million tonnes of carbon dioxide equivalent (Mt CO2-e) in 2022–23, to 136.0 Mt CO2-e in 2023–24
- 62 facilities received a total of approximately 8.3 million Safeguard Mechanism credit units (SMCs) because their emissions were below their baseline following the application of the 4.9% decline rate.
Cumulative baselines and emissions
Note: This figure is not interactive.
Description
In the first year of the reformed Safeguard Mechanism, facility baselines were reset. This resulted in aggregate headroom being almost completely removed. Aggregate headroom is the difference between total covered emissions and total baselines.
Available data
Follow the page links below to view the 2023–24 tabular data online and read further information about each data set.