Labor Member for Grayndler Anthony Albanese today welcomed the announcement of the Gillard Labor Government's price on carbon pollution.
The proposed scheme will put a levy of $23 per tonne of carbon dioxide on the country's 500 largest carbon polluters.
The money raised will be used to invest in renewable energy and to assist lower and middle income households for any price rises they might experience in household bills.
"The Gillard Labor Government believes climate change is real and we are committed to action on climate change," said Mr Albanese.
"A price on carbon sends a message to industry and households that the less you contribute to carbon pollution, the less you'll have to pay.
"At the same time the government is investing in renewable energy, making it cheaper and easier for households to switch to cleaner energy."
Mr Albanese said the assistance for lower income households was essential so the burden of the carbon price didn't fall on those least able to pay.
The price on carbon will commence on 1 July 2012 and after three years will be replaced by an emissions trading scheme.