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, the ‘core policy’ scenario 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. Given the policy parameters and macroeconomic assumptions considered, the modelling projected industry shares of economy-wide employment in 2050 with and without a carbon price in place. For mining industries, these industry shares are detailed below.

Table: Employment by Sector, 2050

Source: Treasury estimates from MMRF.