The safeguard mechanism has been largely pointless – it’s unclear whether the changes will be a strong deterrent for fossil fuel companies

There are three issues that will determine whether the major climate announcement the Albanese government made this week can deliver the transformational change Australia needs.

The details can be mind-numbing, but a quick summary for those still enjoying a summer break: on Monday the climate change minister, Chris Bowen, released a review into Australia’s carbon credit system. It followed expert allegations the scheme is “largely a sham” as it has failed to deliver real cuts in greenhouse gas emissions.

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