Ian Campbell (WA, Liberal Party, Minister for the Environment and Heritage) Share this | Hansard source

I thank Senator Trood. The point that does need to be made is that Labor have no substantial investment ideas regarding how to invest in low-emissions technologies. The government, for example, will fund Geodynamics Ltd with $5 million to develop a hot rocks project in South Australia, developing steam from three kilometres underground, to transform the way that power is produced. We will spend $8 million—possibly up to $12 million—to fund the Otway project. We are spending close to $2 billion across Australia, and the only state government in Australia that is spending anything is the Victorian government, which is spending $80 million. There is nothing from WA, New South Wales or Queensland, and you have this magic bullet of an emissions trading scheme. They think that you can have a solution that does not cost any money. We want to see this invisible policy with no money involved, and we want to see the details of it, not just this concept of a magic bullet or a silver bullet.