Ms JULIE BISHOP (Curtin—Minister for Foreign Affairs) (14:08): I thank the member for La Trobe for his question. The government is, as he knows, taking strong and effective action to reduce our contribution to global greenhouse gas emissions. We will meet and, indeed, exceed the existing 2020 target. We have put measures in place to support the uptake of new technologies to improve energy efficiency. We will meet our 2020 target; indeed, as the Minister for the Environment said, we will exceed it. We have committed to reduce emissions by 26 to 28 per cent on 2005 levels by 2030. This compares well to other countries. On a per capita basis our emissions will be reduced by half. It will reduce emissions per unit of GDP by two-thirds. Australia accounts for just over one per cent of global emissions and, therefore, we should be part of a coordinated global agreement that includes the major emitters, our major trading partners and, indeed, developed and developing countries. Any agreement must set a common basis for all countries to take action to reduce emissions, to provide transparency and accountability—and that is what we will be negotiating in Paris—and to set five-year reviews to monitor global progress. The coalition has adopted a target that is environmentally and economically responsible and one that we are confident we will achieve. The opposition has taken the opposite approach. They have plucked a figure out of the air—a reckless, pie-in-the-sky target of 45 per cent—that will be a huge hit to the Australian economy. The opposition has no idea how they will achieve their target other than through a supercharged carbon tax. Mr Thistlethwaite interjecting— The SPEAKER: The member for Kingsford Smith will cease interjecting. Ms JULIE BISHOP: Under the opposition's plan Australia's income per person would be around $5,000 lower— Mr Thistlethwaite interjecting— The SPEAKER: The member for Kingsford Smith is warned. Ms JULIE BISHOP: and wholesale electricity prices would be about 80 per cent higher by 2030. That is what the opposition are proposing. The 45 per cent target that Labor is putting forward would cost Australia's economy billions of dollars. Labor would need a carbon price of $200 a tonne to meet its 45 per cent target—10 times Labor's failed carbon target. The Climate Change Authority modelling commissioned by Labor itself in 2013 indicates that a target of around 45 per cent would cost the economy over $600 billion. That is Labor's way. Labor's target of 45 per cent is absolutely fanciful. This government is committed to real and effective global action that will reduce emissions with a strong achievable target that will not cost jobs and will not hit the economy with a $600 billion tax. The SPEAKER: Before I call the member for Sydney, I remind the member for Kingsford Smith that he was warned. The member for Hotham is also warned. The member for Griffith will not interject, particularly while she is not in her seat, and the Leader of the House will not interject while I am addressing the House. The member for Sydney.