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

Mr President, I ask a supplementary question. I refer the minister to the statement on page 89 of the Treasury modelling of the carbon tax:

From the start of the flexible price period to 2050, Australian carbon prices will rise by an average 5 per cent per year plus inflation, reflecting growth in the foreign currency carbon price ...

Does the minister accept that the government got the global carbon price wrong when setting the $23 fixed carbon tax for this year and the forecast wrong on the assumptions of where global prices will go in future?