TREASURY hasn't been asked to revisit its carbon pricing impact modelling since the federal government scrapped plans for a floor price, a parliamentary committee has heard.
"We have not updated the modelling," Treasury executive director of macroeconomic group David Gruen told the senate budget estimates hearing in Canberra on Thursday.
"We will if we are asked."
In late August, the government announced it was doing away with a plan to adopt a minimum $15 floor price when the carbon price moves to a floating emissions trading scheme in mid-2015.
Dr Gruen pointed out Treasury's modelling projected the carbon price would rise to $29 a tonne in 2015/16 and then go up by four per cent annually.
The price was therefore always expected to be above the scrapped $15 floor, he added.
Many experts think pollution permits will be much cheaper than $29 in three years.
At the moment European credits cost just $10.
But on Monday climate change department secretary Blair Comley argued it was "not implausible" the price could rise to $29 a tonne by mid-2015.
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