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

The Treasurer has provided the following answer to the honourable senator's question:

The 2011 Government report Strong Growth, Low Pollution: Modelling a Carbon Price provided details of modelling of the effect of a carbon price on the economy. One of the scenarios modelled in that report, labelled ‘Core policy’, was calibrated to achieve a carbon mitigation target of 5 per cent below 2000 levels by 2020 and 80 per cent below 2000 levels by 2050. That report contained projections for employment shares with and without carbon pricing for a number of industries that produce food, as detailed below.

Table: Employment by Sector, 2050

Source: Treasury estimates from MMRF.