Joe Ludwig (Queensland, Australian Labor Party, Minister for Agriculture, Fisheries and Forestry) Share this | Hansard source

Again, I reject the premise that is underlying that question. If you look at the headline Treasury modelling results, the government stands by those modelling results. It was one of the most extensive and robust economic modelling exercises ever performed in Australia. Treasury modelling confirms that with a carbon price, growth in the Australian economy will be decoupled from growth in carbon pollution. It projects that under the carbon price, strong economic growth will continue, gross national income is projected to grow by 1.1 per cent to 2050, income will grow, real income per person is projected to increase by 9,000 per year from today's levels to 2020, and employment will grow with 1.6 million new jobs created by 2020. Pollution will fall by 2050; carbon pricing is expected to reduce Australia's domestic emissions by nearly half of what they would be without a carbon price.