Explore the 2023–24 Safeguard Mechanism data

The 2023–24 Safeguard Mechanism data has now been published.

This year’s publication includes the first data published from the Safeguard Mechanism reforms. This extra data provides more insights into covered facilities’ emissions and compliance actions.

In 2023–24:

• 219 facilities were covered by the Safeguard Mechanism
• total safeguard 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 8.3 million Safeguard Mechanism credit units (SMCs) because their emissions were below their baseline following the application of the 4.9% decline rate
• 7.1 million Australian carbon credit units and 1.4 million SMCs were surrendered to meet compliance obligations.

Annual data publication supports transparency and informed decision making for industry, policy makers and the public.

Explore the 2023–24 Safeguard Mechanism data.