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

Under the coalition's policies Australia would need an effective carbon price at least twice as high as the government's—some $62 per tonne in 2010 dollars—by 2020 to reduce pollution by the bipartisan amount of 160 million tonnes by 2020. The party that used to be a party of market economics wants a taxpayer funded, bureaucratically run scheme, which will be more expensive for the economy, more expensive for Australian business and more expensive for Australian families. (Time expired)