Senator WONG (South Australia—Minister for Finance and Deregulation) (14:17): The carbon price the government has put forward—and it comes into effect on 1 July—is substantially less than the effective carbon price which would be imposed by the policy of those opposite. The Treasury's analysis is that the coalition's policy is equivalent to an effective carbon price— Opposition senators interjecting— The PRESIDENT: If people wish to debate the issue, the time for that is after three o'clock, when question time has finished. Senator WONG: Under the coalition's policies Australia would need an effective carbon price at least twice as high as the government's—some $62 per tonne in 2010 dollars—by 2020 to reduce pollution by the bipartisan amount of 160 million tonnes by 2020. The party that used to be a party of market economics wants a taxpayer funded, bureaucratically run scheme, which will be more expensive for the economy, more expensive for Australian business and more expensive for Australian families. (Time expired)