Simon Birmingham (SA, Liberal Party, Minister for Trade) Share this | Hansard source

We're going to keep implementing the policies that have been driving down Australia's emissions already. I just outlined the extent to which Australia has been achieving real reductions in our emissions relative to 2005 levels compared with other countries not meeting the same scale of achievement by Australia.

What are we going to do? Over the next decade, our government will invest $18 billion in low-emissions technology. Out of that, we're going to leverage $50 billion worth of new investment. This is all about getting the technology points, like hydrogen or carbon capture and storage or otherwise, to the financial tipping point where they are not only used and adopted in Australia but are economically viable for other countries. Do you know what? We're not going to see a transformation in terms of China's emissions or India's emissions or other countries' emissions without cost-effective technological solutions. That's why we're investing in it—to get solutions here that can also be adapted in other countries around the world to fix what is actually a global problem. (Time expired)