Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

He did say quite clearly that we will move towards a domestic emissions-trading system beginning no later than 2012. Senator Milne says that these emissions-trading schemes do not work and international experience suggests that they do not fully produce the outcomes desired of them. I think it is true—and part of our commentary on emissions-trading schemes, and why we have been cautious about going down this path to this point—