Frydenberg said the decision was made at a meeting on Tuesday night of Morrison, Cormann and himself. He indicated it was about smoothing the passage of the measure through the parliament.
Labor would aim for a new threshold under a revamp of the existing safeguards mechanism of 25,000 tonnes of direct CO2 pollution annually, which would be phased in after consultation with industry.
As the government dropped news of the payment Labor signalled that if elected, there will be another budget in August.
Deep Saini speaks to Michelle Grattan about the week in politics.
Small-scale renewable energy projects can power rural areas not connected to the main grid. But investors may hesitate if future electrification remains unpredictable.
Canadians would be better served by a calmer and better-informed debate over the specifics of Bill C-69 than what we have been seeing over the past few weeks.
Washington, California and Florida are mulling a permanent switch to DST. Proponents say that doing so could improve health, save energy and prevent crime.
The money will extend the Emissions Reduction Fund, set up under the Abbott government's “direct action” program, which at present has only $226 million uncommitted in it.
It's too soon for South Africa to start counting its chickens over the recent offshore gas find by global energy giant Total.
South Africa's president has committed to structural reforms in the energy sector.
Summer is here and the chance of blackouts is higher than normal. But the cause is unlikely to be the power station. The problem is usually much closer to home – in the local poles and wires.
The government wants the power to break up power companies if they keep prices high. There's little to suggest it would achieve much.
The oil-exporting organization may have mustered the political will to cut production, but its disunity remains intact.
Brexit may be an unexpected boon for the UK's climate leadership. Here's how the UK can seize the initiative.
In the final sitting week for the year, the encryption bill was finally passed, and the Liberal Party changed its rules to prevent sitting prime ministers being toppled.
South Australia's energy prices have gone up as more renewables entered the market – but prices would have gone up even more without them.
The two countries have successfully collaborated on electricity supply for 11 years, but could Brexit pull this unique UK-Ireland innovation apart?
The energy required to power the massive, factory-sized data centres that computers rely on already consumes 5% of global electricity. And that energy load is doubling every decade.
Making the transition to a sustainable energy future also means ensuring that affected communities - such as Australia's coal workers - aren't left by the wayside.
The UK's "illegal" backup power subsidy scheme effectively subsidised fossil fuel power generation. Lets use the hiatus to build a more flexible, low carbon energy system.