The Federal Parliament is one (very significant) step closer to implementing the Carbon Price Mechanism (CPM) and their Clean Energy Future Plan of the Multi-Party Climate Committee.
Companies should consider their potential liabilities, both direct and indirect as part of a supply chain, and revisit their existing contracts and general contractual positions. Companies which have not been considering these issues may now find they are exposed to potentially significant commercial risks, particularly if their competitors have adopted a more proactive contracting approach by securing favourable carbon cost pass-through clauses or fixed prices.
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