Peter Costello (Higgins, Liberal Party, Treasurer) Share this | Hansard source

Labor might regard Rod Eddington as ‘another voice’, but it regards the ACTU as a multiple chorus. I am going to go on and make another point about receiving the report on the carbon emissions trading scheme. This government will actually receive the report before it announces its policy, and it will actually consider the consequences of various emissions targets before it names that policy which it will undertake. That is quite different from the Labor approach, which was to name an emissions target. This is what the Leader of the Opposition did: he named an emissions target and then he set up an inquiry to figure out what it would mean. He said that he was going to have this target by 2050 and then he said to Ross Garnaut, ‘Go and find out what the effect would be.’ I tell you this: when you are dealing with economic consequences, when you are dealing with people’s lives, it is a much better principle to find out what the effect of your policies will be before you adopt them—and that is what this government will be doing.

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