Australia's big emitters must play their part in the push to net zero. But how effective is the national policy designed to rein in their emissions, known as the reformed Safeguard Mechanism? 

Safeguard experts Thomas Hodgson and Dr Franziska Curran of sustainability consultancy Anthesis Group score and dissect the scheme, and suggest ways it could be improved. 

Find out where the "magic" lies in the Safeguard, which bits are almost flawless, and what might make it better.

Plus, Mark Tilly, Asia Pacific editor of Carbon Pulse and Biodiversity Pulse, gives an overview of the state of play in Australia's carbon credit market, and uses a rather magnificent locomotive-and-railtracks analogy.

Want to know more?

Find out about the Safeguard here https://cer.gov.au/schemes/safeguard-mechanism

Find out about Anthesis Group here https://www.anthesisgroup.com/au/

Find out about Carbon Pulse here https://carbon-pulse.com

It's an almost jargon free episode! But there are a few terms that you might not be familiar with, which get a very brief mention:

• NGER - Australia's government-run emissions and energy reporting scheme, which applies to all large emitters.
• ACCU scheme - the Australian Carbon Credit Unit scheme, formerly known as the Emissions Reduction Fund, or ERF.
• TEBA - trade-exposed baseline adjusted. (The term for a less onerous emissions reduction requirement that is granted to a facility to protect its international competitiveness - it's the scariest bit of jargon in the episode, but is only used once to make an important point!)