Penny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source

I want to be clear that financing will require a multiplicity of financing vehicles and it will require significant leveraging of carbon markets. It will require significant leveraging of private sector investment through carbon markets. This is a complex discussion that is being negotiated both through the UNFCCC and has also been discussed in the G20 context. Clearly, Australia will need to be part, as we are, of the current discussions and to be clear about this being part of the international negotiations. There have been no clear commitments made as yet, Senator Boswell, because these issues are still being negotiated. But I do want to again say to the Liberal Party: if you are serious about an international response to climate change, you cannot run away from this issue. And we invite the Liberal Party—