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

I would make a couple of points. Firstly, the fundamental propositions of the Treasury modelling that the opposition quibble with are simply this: we can grow our economy, our incomes and increase the number of jobs in this country with a carbon price. No fear campaign from those opposite can avoid the reality of that proposition. I would also make the point that the Bloomberg report to which the senator referred, in the same newspaper article talking about that report, also predicted the price in the largest carbon market, the European Union, to be reaching around $40 by 2020. There is a range of propositions out there about where the carbon price might go, just as there is a range of propositions about what might happen to equity markets and a range of propositions— (Time expired)