Alex Gallacher (SA, Australian Labor Party) Share this | Hansard source

In my view—yes. Thank you, Senator Edwards. In your view, the world would come to an end with the introduction of a carbon price. I do not agree with that and neither do many of the Australian voting public, fortunately.

Secondly, the opposition are attacking the Treasury for refusing to release further details. This ignores the fact that the modelling has been the most extensive in our history and is far more transparent than any we have ever seen from the coalition. For example, the introduction of the GST was not accompanied by analysis as comprehen­sive and transparent as the Treasury reports on the economics of carbon pricing. The only assumptions left relate to the highly technical modelling code. The economic mechanisms used in such models are well known to economists without seeing a model code, and all relevant assumptions used in modelling have been published.

Unlike the policy of those opposite, the clean energy future plan is a genuine economic plan which will underpin the growth of new industries, provide investment certainty and allow the economy to remain competitive in a carbon constrained world. In comparison, subsidies for polluters and $1,300 per household— (Time expired)