Senate debates

Monday, 7 November 2011

Questions without Notice

Carbon Pricing

2:04 pm

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

There is a significant factual error in the question from Senator Brandis. Senator Cormann knows that, but he is too embarrassed to stick his head up in this question time. The 2016 that is referenced is not consistent with the medium global action scenario, which is the scenario relevant to the package that is before the chamber. The medium global action scenario incorporates the low-end pledges until 2020 by nations. In this scenario, developed regions, China, South Africa and OPEC enter the multistage approach from 2021. India, Indonesia and other South and East Asian nations enter in 2026 and the rest of the world's regions enter in 2031. The 2016 date that is being utilised by the opposition in relation to this is incorrect.

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