Senate debates
Monday, 30 November 2009
Carbon Pollution Reduction Scheme Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Consequential Amendments) Bill 2009 [No. 2]; Australian Climate Change Regulatory Authority Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Customs) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Excise) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — General) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) (Consequential Amendments) Bill 2009 [No. 2]; Excise Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Customs Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 [No. 2]
In Committee
9:25 pm
Christine Milne (Tasmania, Australian Greens) Share this | Hansard source
I would like to ask the government to do that calculation for me. I do not know what projected price they are suggesting, but the Australian community has a right to know. When the $7.3 billion went out there as a price it was never made clear to people that that was based on a five per cent reduction. I am not suggesting that the government needs to put all detail in always, but I think it is imperative, since the government is saying that its scheme is five to 25, that the Australian community knows what five, 15 and 25 would do in terms of this compensation for coal fired power. So I would like to ask the government to do that calculation.
After a generator has invested and transitioned to low-emissions replacement generation capacity, and has received credits for doing so, I would also like to know what the possible justification is for them receiving their remaining scheduled compensation payments? If that is not a windfall gain, then I do not know how you would define a windfall gain.
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