Nick Xenophon (SA, Independent) Share this | Hansard source

I note that the feedback that I have received in relation to the creation of a strategic reserve of international emissions units has been very positive. Indeed, Innes Willox from the Australian Industry Group has been a strong supporter of that—the AiG has been a strong supporter of that. Can the minister explain why the government is taking such a position as to not support the creation of a strategic reserve, despite the fact that leading members of the business community in this country say that a strategic reserve such as this will make a very real difference in ensuring compliance, ensuring targets and indeed ensuring that Australia can reach higher targets, depending on what is agreed in Paris next year?