Senate debates

Wednesday, 6 July 2011

Questions without Notice

Carbon Pricing

2:20 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

If you look at, for example, what a number of investors of those funds have said publicly, you will see that there has been a very clear view about the importance of dealing with the uncertainty that currently exists around carbon pricing, because, of course, uncertainty creates a greater perception of risk. That is one of the reasons that the government is so clear about the importance of proceeding with what is a very economically sensible policy. I am not sure if the senator is aware of the Investor Group on Climate Change and the range of investors who have spoken about the need to end the uncertainty that has been brought about as a result of the actions of those on that side of the parliament, but it is very clear that business certainty will be best met if we can finally clarify the design of a price on carbon and carry that legislation through this place.

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