Penny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source

First, in relation to the bunker fuel, the government has not determined its negotiation position on that issue. I think that is the best way to explain it. Second, in terms of the revenue sources, I explained to, I think, Senator Joyce last night that this income is not hypothecated. We have provided publicly an indication of the impact of government policy measures on the fiscal balance, but that is as an indication of how the revenues are being spent as opposed to that revenue being hypothecated to any particular outcome.

Obviously, when the CPRS returns to a budget-positive position the government will be very mindful of the importance of the allocation of those revenues to environmental programs. But the reality is the current package is not revenue positive out to 2020. In terms of the third question, we have already stated publicly that we understand that climate finance to support developing country action on climate change will be an important part of a global deal. The Prime Minister said words to that effect and I have said that.