
Australia’s Safeguard Mechanism: Climate and Energy Update
On 30 March, after weeks of negotiation between Australia’s Labor government and The Greens, the Safeguard Mechanism (Crediting) Amendment Bill 2023 passed both houses of parliament. The legislation is the second major pillar of the Albanese government’s climate change policy architecture. The first was its move in August 2022 to enshrine Australia’s…