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 global economic modelling undertaken for the Strong growth, low pollution (SGLP) report indicates that it could be cost effective for the Rest of World (ROW) to sources 805 Mt CO2–e of abatement from other countries in 2020. This result is dependent on the abatement costs within the ROW and the amount to which they choose to contribute to any global emission reduction target.

(2) The sourcing of abatement from outside the ROW group represents a cost of 0 per cent to the ROW economy, rounded to the nearest percentage point.

(3) The scenario modelling provides a projection of what could happen in the future, given the structure of the models and input assumptions, as acknowledged in page 24 in the SGLP report.