Mark Dreyfus (Isaacs, Australian Labor Party, Cabinet Secretary) Share this | Hansard source

I am corrected by the member for Farrer, who says that Professor Garnaut in his report recommended as part of his proposed governance structure for the carbon price scheme some three independent bodies. But the particular independent committee that the member for Flinders has directed his attention to is one which, in his imagination, was going to set the price. I need to make clear—and I invite the member for Flinders to actually read Professor Garnaut's report before he next raises this, and perhaps other members opposite could read Professor Garnaut's report before they raise these sorts of allegations—that the independent committee as proposed by Professor Garnaut would not set the price. It is proposed that it would make recommendations on emissions reduction targets and that those emissions reduction targets would remain the prerogative of the government. The independent committee would not be setting the carbon price, because under the emissions trading scheme which we will be moving to after the fixed price period is completed it would become a market price.

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