Labor agrees to absolute cap on emissions to secure Greens backing for safeguard mechanism climate bill

Adam Bandt says deal puts 'significant hurdles' in the way of new coal and gas but Chris Bowen insists it will not kill off new investmentFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe Albanese government's signature climate bill targeting big polluters is a step closer to passing after a deal with the Greens including an absolute cap on emissions.The Greens leader, Adam Bandt, announced the deal on the safeguard mechanism bill on Monday, taking credit for "a big hit on coal and gas" that could effectively block half of 116 proposed new fossil fuel projects. Continue reading...