Matthew Canavan (Queensland, Liberal National Party) Share this | Hansard source

We already have an effective suite of policies in this nation to deal with these issues. We have policies in place to increase our renewable energy target of 23½ per cent. We have an Emissions Reduction Fund.

Thank you for coming in, Senator Dastyari, to listen to these very effective policies that the government has in place. I knew he would come in just at this point. We have a working policy to reduce emissions in our country. We have an Emissions Reduction Fund, a reverse auction mechanism, which is already being used by the World Bank and the International Civil Aviation Organization. Other countries around the world are looking at it as well. As announced last week at the signing of the Paris climate treaty, we are on track to meet and beat our 2020 target by the amount of 78 million tonnes of emissions. We do not need new taxes in this country; we just need to protect the environment in the ways we can for the least cost.