Mathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

asked the Minister representing the Treasurer, upon notice, on 18 August 2011:

With reference to the Treasury Carbon Tax modelling, Strong growth, low pollution: Modelling a carbon price:

(1) Is it correct that in 2020, under the medium global action scenario, Treasury modelling foresees that the 'rest of the world' bloc will be purchasing over 800 million tonnes per annum of CO2-e abatement from other countries, more than the total abatement being purchased in that year by the United States of America, the European Union, Japan and Canada combined.

(2) To the nearest percentage point, how much would these purchases represent as a share of the projected 2020 Gross Domestic Product of this bloc of countries, which includes some of the poorest in the world (countries like Papua New Guinea, Somalia, Malawi, Pakistan and Mongolia).

(3) What probability does Treasury attach to this actually occurring.