Jun 14, 2026 – 5.22pmIn March 2023, almost a full decade after former Prime Minister Tony Abbott abolished Australia’s first legislated price on carbon, the Albanese government found a way to reintroduce one, via a convoluted policy known as the Safeguard Mechanism.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Ryan CroppEnergy and climate reporterRyan Cropp is an energy and climate reporter at The Australian Financial Review based in the Canberra bureau.Fetching latest articles