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

On the issue of modelling, it is simply wrong to suggest, as the coalition has been suggesting, that the government's Clean Energy Future plan somehow relies upon an economy wide cap-and-trade emissions trading scheme in the United States. We have heard this being implemented by 2016 and we have heard it repeated here in question time.

Let me make something clear about the Treasury modelling. The Treasury modelling makes two key assumptions about international action: firstly, that countries meet the low-end pollution reduction targets for 2020 that they committed to under the UN Framework Convention on Climate Change. The second important assumption is that countries have access to international abatement—countries including Australia having access to international carbon markets. Those are the two important assumptions that underpin the Treasury modelling. They are both completely reasonable assumptions. Nothing—

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