We are per person the highest polluters in the developed world as far as carbon pollution is concerned.
We must start a transformation of our economy.
A carbon price puts a price tag on pollution and would be paid by businesses that are the biggest polluters.
Unless there is an incentive for businesses to reduce their pollution and invest in low-emissions technology and clean energy little will change.
Change is necessary. The scientific evidence is clear that carbon pollution is contributing to climate change. Every government around the world is attempting to come to grips with the challenge. Australia is not acting alone.
Every dollar raised by the carbon price will be dedicated t supporting households with any price impacts and supporting businesses through the transition to a clean energy economy.
Electricity prices will continue to rise with or without a carbon price. This is because of the tens of billions of dollars of investment needed for electricity infrastructure.
Some of the present cost drivers fuelling electricity prices could be reduced by a well-designed carbon price because it could eliminate the uncertainty investors are facing.
32 countries and 10 US states already have a carbon price.