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Tuesday, 11 October 2011
Page: 7093

Carbon Pricing

(Question No. 975)

Senator Cormann asked the Minister representing the Treasurer, upon notice, on 18 August 2011:

With reference to the Treasury Carbon Tax modelling, Strong growth, low pollution: Modelling a carbon price:

Given that Table 1.1 'Headline Australian Indicators' on p. 11 of the 'Overview' includes figures on the emissions-intensity of output under the 'core policy scenario'.

(1) Is it correct that these figures imply a reduction of around 20 per cent in domestic emissions intensity over the decade to 2020 under the carbon tax/emission trading scheme.

(2) What was the reduction in emissions-intensity of Australian output achieved between 1990 and 2008 (in percentage terms).

Senator Wong: The Treasurer has provided the following answer to the honourable senator's question:

In the Treasury modelling for the Government's Strong growth, low pollution (SGLP) report, the emission intensity of GDP in the core policy scenario decreases by 20 per cent from 2010 to 2020, compared to a decline of 13 per cent in the medium global action scenario without carbon pricing.

Without land use change emissions, the decrease is 19 per cent in the core policy scenario from 2010 to 2020, compared to an 11 per cent fall in medium global action scenario. This compares to decreases in the emission intensity of GDP of 19 per cent from 2000 to 2010 and 17 per cent from 1990 to 2000.