Sure, I'm happy to do that
We look at a predictable carbon price as a competitiveness strategy and not a cost burden. When global investment is increasingly flowing towards low-carbon jurisdictions—last year the annual investment in the clean transition was over $3 trillion—this is a significant opportunity for the country, particularly when the Prime Minister is seeking to secure over a trillion dollars in investment into our economy.
The way we see it, decarbonization investments are really productivity investments. We've seen examples of that in the steel and cement sectors. I believe you heard that from the cement sector at your last meeting. The industrial price signal is designed to incent avoidance and encourage exactly those types of productivity investments that we've seen in those two sectors.