Mitch Fifield (Victoria, Liberal Party, Manager of Opposition Business in the Senate) Share this | Hansard source

Mr President, I ask a further supplementary question. I refer the minister to assumptions in Treasury modelling that international linking would be widespread with extensive trading of offsetting permits between countries. Given the United States is moving further away from carbon taxes or trading schemes, Japan is ruling them out, Korea keeps delaying them, the price in the European scheme has crashed and examples given by the ministers of China and India bear no resemblance to the Australian scheme, is it not time for the government to admit that they have got it wrong and to axe the tax?