Labor's safeguard mechanism: not enough for a safe climate
The negotiated amendments won by the Greens improved Labor’s initial terrible climate "safeguard mechanism", but are not enough to make it worthy of support, argues Alex Bainbridge.
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The negotiated amendments won by the Greens improved Labor’s initial terrible climate "safeguard mechanism", but are not enough to make it worthy of support, argues Alex Bainbridge.
Don’t even mention the troubling political interventions of our new Head of State, King Charles III of Australia.
It has not been an easy opening few weeks for the Labor government, with compounding crises leaving some to speculate that the Coalition was perhaps rather happy to lose the election last month.
An article in yesterday’s Australian trumpeted “Peter Dutton’s secret plan [as defence minister] to fast-track nuclear submarines”.
Any thoughts of a honeymoon period for the new Albanese government are already diminishing as the challenges mount both at home and abroad. The Reserve Bank of Australia has raised interest rates for the second month in a row today, marking the first back-to-back rate rise in 12 years. Wages remain flat and the cost of living will continue to rise: mortgage repayments are on the way up, and the effects of the gas and energy crisis will keep flowing through the economy for months to come.