Senator MILNE (Tasmania) (8.45 pm)-by leave-I move Australian Greens amendments (10), (11), (19), (20), (23), (28), (29), (34) and (62) on sheet 5786 together:
These amendments go to one of the most unjustified and toxic aspects of the carbon pollution reduction scheme. This is the issue of free permits to coal fired electricity generators. The issuing of free permits to the very industry that has caused the greatest problem, that as a sector generates the greatest number of emissions in Australia is the coal fired electricity sector.
Professor Garnaut, in his review, said:
There is no public policy justification for $3.9 billion in unconditional payments to generators in relation to hypothetical future ‘loss of asset value'. Never in the history of Australian public finance has so much been given without public policy purpose, by so many, to so few.
That is a big call, and I wonder what Professor Garnaut is saying now that the $3.9 billion has been massively increased to $7.3 billion? I repeat: there is no public policy purpose for these free permits going to coal fired power stations. Of course, they are not just bits of paper; they have monetary value.