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

I was asked about international action. I would make the point that Australia's top five trading partners—China, Japan, the US, Korea and India—are implementing or piloting emissions trading schemes, carbon taxes and coal taxes at various governmental levels. China has indicated it will introduce pilot emissions trading schemes in a number of provinces, including the industrial centres of Beijing, Shanghai and Guangdong. The reality is the world is moving and we need to keep up.