Senate debates

Tuesday, 27 February 2007

Greenhouse Gas Emissions Trading Scheme

3:57 pm

Photo of Christine MilneChristine Milne (Tasmania, Australian Greens) Share this | | Hansard source

I move:

That the Senate—
welcomes the call from the electricity sector for a greenhouse gas emissions trading scheme to promote investor confidence;
notes that:
the purpose of an emissions trading scheme is to create an economically efficient mechanism to reduce greenhouse gas emissions, and
notes that international emissions trading is a key mechanism of the Kyoto Protocol;
rejects the McKibbin-Wilcoxen proposal because it fails to cap greenhouse gas emissions and creates an unacceptable risk that long-term emission permits will be over-allocated; and
calls on the Government to announce the rules of an emissions trading scheme by 2008, for commencement in 2010.

Question put.

4:02 pm

Photo of Lyn AllisonLyn Allison (Victoria, Australian Democrats) Share this | | Hansard source

I seek leave to make a very short statement on behalf of the Democrats on that motion.

Leave granted.

I want to indicate that the Democrats were supportive of the majority of that motion but disagreed with (c) on the basis that it was a technical misunderstanding, as we understand it, of the model that is referred to.