Joe Ludwig (Queensland, Australian Labor Party, Minister for Agriculture, Fisheries and Forestry) Share this | Hansard source

Coming from those opposite, I doubt that very much! Nevertheless, if you look at the potential that is available the industries could in fact see the effective rate from 1 July go from 90.9 per cent to 97 per cent. It seems to me, Mr President, that those opposite are arguing that that is somehow a negative outcome for industries in Australia; it is a positive outcome. EU linking will effectively mean that we will be able to reduce the liability for those industries, in fact, to half the costs of European allowances. It is a positive move to link, and many industries that I am aware of have been arguing for EU linking for some time. It seems that those opposite not only oppose the carbon price but also want to punish business whilst continuing to oppose the carbon price— (Time expired)