claim: Environment Minister Greg Hunt the Coalition's emissions reduction fund, at $13.95 per tonne of carbon, is around 1 per cent of the cost of reducing carbon under the former Labor government's carbon pricing scheme, which he cost $1,300 a tonne.
evidence: The system aims at achieving the environmental outcome of reducing greenhouse gas emissions, the idea being that capping emissions creates a price for carbon and the ability to trade ensures that emissions are reduced at the lowest possible price ( Department of Climate Change, 2008, 12 ).