The deal struck between the Albanese government, the Greens and the Teals to get the Safeguard Mechanism (SGM) legislation through parliament is a significant step forward on the nation’s decarbonisation pathway.

Due to come into effect from 1 July 2023, the partnership enhances the ambition, public accountability, integrity and impact of the mechanism legislation initially proposed by the government, and while still far from perfect, it is a major advance on the current state of play.