Senate debates

Thursday, 30 October 2014

Bills

Carbon Farming Initiative Amendment Bill 2014; In Committee

9:28 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Firstly, let me just confirm what Senator Singh—sort of, not very eloquently but nevertheless—sought to quote from earlier today. Senator Singh, you are quite right: rather than impose a punitive damaging carbon tax, we are providing positive incentives to businesses and individuals across Australia to come up with the best possible ways of reducing emissions. And we are doing it through positive incentives. We are doing it through a genuine market based system. Through a market based open tender system we are inviting businesses across Australia to deploy all their—

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