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

The Treasury modelling makes two key assumptions about international action. The first is that countries meet their low-end pollution reduction targets for 2020. That is, in the context of Australia, the same bipartisan commitment to which the opposition has already committed. The second is that countries have access to international abatement. Treasury officials have indicated to Senator Cormann and others that the assumption is low-end pledges— (Time expired)