Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

The final part of the opposition leader's question was: does the Clean Energy Finance Corporation play a crucial part in reducing Australia's emissions? I would say, no, it does not play a crucial part; it plays a part. It is certainly making a contribution. But the reduction of emissions across the board is contributed to by many things. When a business buys a new piece of equipment that is less energy intensive than the one it had before, it is playing its part in cutting emissions. The business of cutting emissions is quite a complex one with many contributions to it. There are no silver bullets. The CEFC has played a role. It has not been a crucial role. It is open to debate whether it is a role that the government need to play, but we recognise that we have not been able to secure the support of the Senate to abolish it and it is continuing. It is being, as far as I can see, well run within the limits of its mandate.

Mr Champion interjecting—

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