Anne McEwen (SA, Australian Labor Party) Share this | Hansard source

Mr President, I thank the minister for her answer and I have a further supplementary question. Is the minister aware that the communique of last month’s G8 summit stated:

We support flexible, economically sound market-based approaches to emissions reductions. In particular, cap and trade schemes, where implemented, have proved largely successful ...

Given that the critical economic powers of the G8 have already endorsed cap and trade, and given that a number of key economies have adopted cap and trade or are adopting cap and trade, can the minister outline to the Senate the smartest way for Australia to tackle climate change?