Malcolm Turnbull (Wentworth, Liberal Party, Minister for Communications) Share this | Hansard source

more cost-effectively from carbon storage, by planting trees, by soil carbon, by using gas, by using clean coal or by energy efficiency? There are so many means of reducing emissions. Any rational person, particularly one seeking to be Prime Minister, would say, 'We will cut emissions in the cheapest possible way.' That is what anyone would say. The honourable member is proposing to cut emissions by having 50 per cent renewables, and he does not even know what the cost is.

Clearly, the object is least-cost abatement, and that is exactly what the Minister for the Environment has come up with with his Emissions Reduction Fund.

Opposition members interjecting—

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