Simon Birmingham (SA, Liberal Party, Shadow Parliamentary Secretary for the Murray Darling Basin) Share this | Hansard source

My question is to the Minister representing the Minister for Climate Change and Energy Efficiency, Senator Wong. I refer the minister to ongoing reports about the dramatic drop in European carbon prices to around A$9, forecasts indicating the European ETS is likely to keep trading at lows for years to come, and about today's report from Bloomberg regarding a likely sustained slump in the value of certificates under the UN Clean Development Mechanism to as low as A$5. I ask the minister, are there any circumstances at all in which the government will reconsider the fixed $23 starting price of Labor's carbon tax, the operation of the three-year fixed price period or the application of the $15 floor price for a subsequent three-year period?