Ms Julie Bishop (Curtin, Liberal Party, Minister for Foreign Affairs) Share this | Hansard source

and wholesale electricity prices would be about 80 per cent higher by 2030. That is what the opposition are proposing. The 45 per cent target that Labor is putting forward would cost Australia's economy billions of dollars. Labor would need a carbon price of $200 a tonne to meet its 45 per cent target—10 times Labor's failed carbon target. The Climate Change Authority modelling commissioned by Labor itself in 2013 indicates that a target of around 45 per cent would cost the economy over $600 billion. That is Labor's way. Labor's target of 45 per cent is absolutely fanciful. This government is committed to real and effective global action that will reduce emissions with a strong achievable target that will not cost jobs and will not hit the economy with a $600 billion tax.

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