Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The Treasurer has provided the following answer to the honourable senator's question:

(1) The projected step down in global emissions reflects expanding international mitigation action. The Global Trade and Environmental Model (GTEM), which was used to produce the international modelling results in the Strong growth, low pollution (SGLP) report, assumes labour and capital adjust quickly across industries, and it does not capture as many of the transition issues to a policy change as would be experienced in the real world, as acknowledged in the SGLP report (page 27).

(2) Individual countries are assumed to increase their implementation of policy action towards meeting their 2020 pledges in 2012 13.