Call to scrap 'enormous red tape' emissions rule

Key points

• The Coalition will introduce a bill to strip back mandatory emissions reporting for businesses, arguing the rules are too costly. Deputy opposition leader Jane Hume says the requirements are hurting family-run companies.
• The government's regime already requires large companies to disclose emissions from electricity, and is set to extend to supply chains next financial year. Treasury estimates the extension could cost about $245,000 per entity in the first year.
• Environmental groups have backed the change, while Hume also wants to scrap reporting for businesses with revenue between $50 million and $200 million.