House debates

Tuesday, 11 October 2011

Matters of Public Importance

Carbon Pricing

3:47 pm

Photo of Bill ShortenBill Shorten (Maribyrnong, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

A pretty good go? He is applying for a job on The Comedy Channel—there is no question about that—but I do not know how he will go getting the job. Countries comprising over 80 per cent of global emissions have pledged to take action on climate change. Europe has had a price on carbon since 2005. New Zealand has an emissions trading scheme. The President of the United States, President Obama—he is coming here next month; you will no doubt be queuing up to shake his hand—has a clean energy target of 80 per cent by 2035. Whilst those opposite probably think California is just the set for Baywatch, the reality is it is also the world's sixth-largest economy, with twice the population of Australia. They have legislated to introduce an ETS.

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