Richard Di Natale (Victoria, Australian Greens) Share this | Hansard source

The CPRS was never designed to address the transformational change that is necessary to deal with the climate emergency that we are now in and was never designed to drive the transformational change in our economy to create jobs and international investment. The CPRS would have locked in our emissions targets at five per cent with no ability to scale up the level of ambition that is required to meet the science. If you look at where the carbon price is set in the way that scheme was designed then you will see that, rather than the $23 a tonne that was agreed through the fixed price as a result of a constructive negotiation between the Greens, the Independents and the Labor Party, the price would have been set under the CPRS at $1. That is right—$1. As a result of those unlimited cheap permits available from dubious international markets, it would have been set at $1. It gave money away to big business— (Time expired)

Question negatived.