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• The European Union is implementing the Carbon Border Adjustment Mechanism (CBAM), shifting the focus of global energy competition from physical resources to regulatory frameworks. • While traditional energy diplomacy centered on securing oil fields, gas reserves, and pipelines, CBAM introduces environmental regulations as a tool for geopolitical influence. • This shift matters because it redefines the "energy war," moving away from the control of assets toward the ability to dictate the rules of the global energy economy.

Criticism of budget funding comes amid warnings the Australian National Audit Office will struggle to meet its targets for independent reviewsGet our breaking news email, free app or daily news podcastLabor has been accused inadequately funding one of the central institutions safeguarding public administration, with transparency advocates and independent David Pocock criticising commitments for the Australian National Audit Office (ANAO) in this week’s budget.Parliament’s Joint Committee of Public Accounts and Audit has previously warned the Albanese government that the auditor general’s financial position is unsustainable and of “serious concern” – even as the number of government agencies and functions subject to oversight expands significantly. Continue reading...