Senator LUNDY (Australian Capital Territory—Minister Assisting for Industry and Innovation, Minister for Multicultural Affairs and Minister for Sport) (14:31): Carbon pricing remains the most effective and economically responsible approach to reducing emissions. The carbon price is working to cut emissions. During that period, the economy continues to grow, thanks to the economic management by the Labor government. What the fixed-price period shows is that it provides certainty to business while the scheme is introduced, kick-starting the investment in renewable energy and clean technologies which will transform our economy. Senator Milne: Mr President, I rise on a point of order. I draw the minister's attention to relevance. I asked her to justify the revenue-neutral aspiration, since we are in a climate emergency. Does she or doesn't she agree? The PRESIDENT: That is not a point of order at this stage. Senator LUNDY: As I was saying, from 1 July we will move from a fixed carbon price to a market price linked with Europe, and we are now expecting the carbon price to fall from $25.40 in 2014-15 to $12.10 in 2015-16. This is relevant because we are committed to implementing a carbon price in an economically responsible way. We are expending a huge amount of money through our carbon reduction programs, through our support for clean energy, and we will continue to do that. (Time expired)