Just recently the Governor of the Reserve Bank delivered a speech called "Progressing climate action by driving transformational change." Last year, the Minister of Energy and Resources gave a speech to the gas industry forum called, "Towards zero carbon." In it she said—and I quote—"As we reckon with our global confrontation with climate change, it is clear the old ways or running our economy and paying our way in the world will need to change. We are on the precipice of a major economic transformation. … we need to change our economy at a larger scale and at a faster pace than that of any economic transformation in … history." The Government has never made the case for transformation. It has not said what it means. It has not demonstrated it is necessary to cut emissions. It has not shown its benefits justify its costs. 