Various members of the Labor-Green Alliance on a floor price …
SECURING a clean-energy future, July 10 last year:
THE floor is designed to reduce the risk of sharp downward movements in the price, which could undermine long-term investment in clean technologies.
PM, July 11 last year:
PM: The price ceiling is $20 more than the international price.
John Laws: Why?
PM: Well, we just thought for stability …
PM, Hansard, September 13 last year:
THE bill also provides for a price cap and a price floor … This will limit market volatility and reduce risk for businesses …
Mark Dreyfus, Carbon Expo 2011, November 8 last year:
FOR those investing in abatement technologies whose value is sensitive to the level of the carbon price, a price floor helps reduce downside risk.
PM, November 9 last year:
WELL, we have set a floor and cap so that there can be stability in pricing … because people are making very long-term investments …
Penny Wong, Hansard, February 28:
OUR policy does include a price floor which acts as a safety valve for investors in low-emissions technology by establishing a minimum price for the first few years.
Christine Milne, May 4:
ESTABLISHING a floor price is critical to certainty, as is sticking by an agreement once it has been delivered.
Milne, May 8:
GETTING rid of it would not only be a blow to business certainty but would also potentially blow a hole in the budget.
Greg Combet, The Australian, July 5:
WE have legislated a three-year fixed price period. We are committed to the whole package.
Milne, Radio National Breakfast, July 4:
IF you allow the volatility that has occurred in Europe, you get kind of chaos in the system.
Well, we just thought for stability we’d change our minds. As of yesterday the floor price is out, our carbon price will be linked to the European price.
The compensation stays in … how’s that budget looking, Wayne?