Tony Abbott has hinted the coalition's climate change policy cost will be similar to a 2010 figure. Source: AAP
THE federal opposition has yet to put a budget figure on the cost of its "direct action" plan to tackle climate change but has hinted it will be similar to its 2010 election pledge.
Opposition Leader Tony Abbott has vowed to rescind the carbon tax and replace it with a system of incentives to help consumers and businesses achieve a five per cent national cut in carbon emissions by 2020.
The Liberals' policy direction statement, A Strong Australia, says the emissions reduction fund would spend, on average, $1 billion a year.
Asked on Tuesday about the final cost of the coalition's 2013 election policy on climate change, Mr Abbott told reporters in Sydney, "Our policy will cost what we commit to it in the policy that we will announce before the election."
"We will spend no more and no less on reducing emissions than we allocate," Mr Abbott said.
"And the amount we allocated in the last election was $3.2 billion over four years."
He said the climate change policy would be administered by the environment department.
A spokesman for Climate Change Minister Greg Combet told AAP on Tuesday the coalition was unable to cost its policy because it would do nothing to tackle climate change or help industry reduce pollution.
"Yet it would hit ordinary people hard by scrapping the Gillard government's tax cuts and increases in family tax benefits and pensions," he said.
"Labor's clean energy policies are already reducing carbon pollution and helping households and businesses."
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