Eric Abetz (Tasmania, Liberal Party, Minister for Employment) Share this | Hansard source

The Prime Minister has already spoken on this. As I understand the situation, he has indicated that he will not be making a contribution in circumstances where Australia, courtesy of the Labor legacy of which Senator Bilyk was part, is borrowing $1,000 million a month just to pay the interest on the existing borrowings. At this stage in time, it is appropriate, as the Prime Minister said, that we would watch this space very carefully, but at this stage we are not going to be making a commitment to the Green Climate Fund to which the honourable senator referred.

If the world community comes to a landing on these issues then of course we will look very carefully and make the right decisions at the right time. But, Senator, you and your government left a sad legacy of deficit and debt.