Greg Combet (Charlton, Australian Labor Party, Minister for Climate Change and Energy Efficiency) Share this | Hansard source

Thank you, Mr Speaker. It is relevant, as will be apparent if I am allowed to get to the end of the answer. The Treasury officials also went on to say, in relation to the assumptions:

It does not mean it specifically has to be an emissions trading scheme within all countries … we are assuming that there is a continuation of the international offset market which exists now …

This is entirely relevant to the issue in question, because I went on to say in The 7.30 Report that it involves access to international carbon markets.

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