Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Firstly, it has consistently been our policy for a number of years now, and the reason for the policy is that we want to employ those resources to maximum effect here in Australia. We do not want to send money overseas. We want to ensure that we deploy those resources to maximum effect when it comes to achieving emissions reductions domestically here in Australia. That is a policy judgement that we have made. I understand, Senator Xenophon, that you take a different view. You might be quite happy to send these resources overseas, but, from an Australian government point of view, we have made a deliberate judgement that we are not prepared to do that and that we want to focus, quite deliberately, on investing all of those resources—100 per cent—exclusively here in Australia to achieve domestic emissions reductions here in Australia.