Joe Ludwig (Queensland, Australian Labor Party, Minister for Agriculture, Fisheries and Forestry) Share this | Hansard source

He does mean well, Senator Carr! But the linking arrangements do not change the overall access Australian firms have to international units. Australian liable entities remain able to meet up to 50 per cent of their liabilities through international units. The EU ETS, being the longest-running emissions trading scheme, is highly credible and it has always been our policy to work towards linking with Europe and other developing emissions trading schemes globally. It seems to me that those opposite do not want a linked carbon scheme. They do not want to ensure that firms can be internationally competitive and be able to access that. Fundamentally, any potential price differential—(Time expired)