I move:

That the Senate—

(a) notes that:

(i) the sharpest ever drop recorded in Australia's greenhouse pollution occurred during the two-year period of the carbon pricing mechanism, and

(ii) during the carbon price, inflation was contained, the economy grew by 4.7% as emissions dropped by 8.2%, compared to the two-year period before the carbon price; and

(b) supports the widely held position of economists, industry and environment groups that an economy-wide carbon price is the lowest cost, most effective way to reduce pollution and encourage investment in the industries of the future.