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We have established clear principles that we will respect. You will have noticed it in the way our government works. When we defined our economic response to covid, I first defined the principles by which we would do it and we are doing the same here.
These principles will guide all of our decisions – technology, not taxes, choices and not mandates, ensuring that we have a portfolio of technologies that will ultimately get us there, to ensure that we keep costs low. and that we have the balance between reliability and affordability with reducing emissions and above all going back – the question was asked about our partners in the Pacific – credibility on the transparency and authenticity of credits and reports reduction in existing emissions.
Australia, as Angus said, has made clear marks on this.
One of the things we brought up recently at Quad when I was in the United States and which I regularly discuss with ASEAN and Pacific partners is that there will be an appetite in the world. for high integrity credits, high integrity credits.
Australia will be an obvious place for this. In no country can you rely more on the integrity of credits from any country than Australia.
We are top quality, top of the line, best in class when it comes to these high integrity credits.
Now we want to work with our partners in the Pacific island nations, with our friends in ASEAN and those who work without the Indo-Pacific, to work with the United States, Japan and India to make sure that we can lift it [legitimacy] of those credits because I think that’s been a real problem with the whole credit system.
I think it really undermined confidence. It is not a question of if or when, but of how. And the world must start to focus on the how and our Australian way focuses on the how. I think this is the leadership that the global debate on this issue really needs. The world needs to focus on the how.


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