Senate debates

Thursday, 30 October 2014

Bills

Carbon Farming Initiative Amendment Bill 2014; In Committee

9:40 pm

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

In the light of the minister's remarks that the entire abatement is going to occur in Australia, and that only $2.5 billion has been allocated—as I understand it, only $1.15 billion out to 2017—is it still the government's position that, if the five per cent is not achieved with the current allocation, as the Prime Minister has said, there will be no more money made available, and that will be it, regardless of whether the five per cent target has been reached or not?

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