Climate Change

The carbon price introduced last year is working: Emissions from the highest polluting power stations are down by 14 per cent and renewable energy generation is up by almost 30 per cent.

The economy has continued to grow, over 150,000 jobs have been created, interest rates have fallen, inflation is under control, and investment is strong.

Not a single one of Mr Abbott's over the top claims about carbon pricing have come true.

We introduced an emissions trading scheme, starting with an initial three year fixed-price period.

Any change to this timing would need to be considered in the context of a range of complex policy issues and budget implications.