Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

As I indicated in my primary answer, it would be premature to speculate about revenue from emissions trading. That will depend upon a range of inputs, and there will be a range of factors affecting likely revenue from any scheme. Senators would be only too well aware of the enormous cost to this society and to this economy if we do nothing about climate change. The government’s approach is to move quickly but carefully to ensure that Australia is best placed to build a society and economy able to cope with the effects of climate change. I am advised that Professor Ross Garnaut will release a discussion paper on emissions trading shortly. (Time expired)