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

I understood from Senator Birmingham that the opposition were supporting these amendments. In relation to the question of costs, I have outlined to your colleague Senator Boswell on a number of occasions what we estimate with regard to the current renewable energy target, although it will depend on when you model a price on carbon. The modelling I think I provided publicly and explained to Senator Boswell in the context of the estimates hearing was 4.2 per cent for the current renewable energy target—that is, the legislation that you have already supported. With the enhancements in the government bill—prior to these amendments obviously, because this modelling preceded the amendments—it will be an additional 0.2 per cent. That is a cumulative cost between 2010 and 2014 of 4.4 per cent.

Question agreed to.