Proposed laws to reward Australia's biggest industrial greenhouse gas emitters for reducing pollution have been released by the federal government.
Energy Minister Chris Bowen used a business summit to begin three weeks of consultation on giving extra credits to industrial plants that go beyond delivering their required - or "baseline" - emissions levels.
"This creates a key financial incentive for safeguard facilities to make the step changes needed to reach net zero emissions by 2050," he told the AFR Energy and Climate Summit on Monday.
