Greg Hunt (Flinders, Liberal Party, Minister for the Environment) Share this | Hansard source

I am delighted to take what would be the third question now in the third year of the government from the member for Port Adelaide—had he bothered to address it to the minister. Let me deal with a number of elements. Firstly, let me deal with the Emissions Reduction Fund; secondly, let me deal with the safeguards; and, thirdly, let me deal with RepuTex.

First in the order is the Emissions Reduction Fund. This same firm made predictions that the Emissions Reduction Fund would fail to achieve any significant reductions. It was out by a factor of 500 per cent. So the RepuTex report to which you refer comes from a firm which was out by a factor of 500 per cent. I understand they had troubles when they were framing budgets, but nothing like that. And so what did we produce? We produced 47 million tonnes of emissions reduction at $13.95 a tonne. This firm, at its best, on its most generous estimates—

Mr Butler interjecting—

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