Senate debates
Wednesday, 25 November 2009
Carbon Pollution Reduction Scheme Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Consequential Amendments) Bill 2009 [No. 2]; Australian Climate Change Regulatory Authority Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Customs) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Excise) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — General) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) (Consequential Amendments) Bill 2009 [No. 2]; Excise Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Customs Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 [No. 2]
In Committee
8:19 pm
Penny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source
I do not quite understand the way in which the question is posed, but I think Senator Joyce is getting at this: the assumptions that Treasury use to calculate what they believe the likely carbon price will be would include a range of parameters, and they would include reference to this work that Treasury had previously done. You may have been out of the chamber, Senator Joyce, but I had an exchange with Senator Milne in which we discussed why MYEFO had changed the projected carbon price. A range of assumptions by Treasury went into that. Obviously one of the assumptions is the likely international price of carbon, and behind that assumption are a range of assumptions about what the rest of the world is likely to do and about the nature of the global carbon market.
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