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

Firstly, in relation to the modelling I have released publicly the modelling report, which includes, from recollection, an iteration of the assumptions contained in it. Secondly, Senator Milne, as I said, we are taking the position we are taking consequent upon a substantial amount of consultation with the industry. The amendment that I will be moving will provide that if the net stock of banked RECs at the end of 2010 exceeds 20 million there will be adjustments to the 2012 and 2013 targets and, as an offsetting adjustment, the annual targets will be reduced over the period 2016 to 2019 by the same amount. So the total number of renewable energy certificates generated over the decade will remain the same.