House debates

Thursday, 23 March 2017

Matters of Public Importance

4:01 pm

Photo of Tim WattsTim Watts (Gellibrand, Australian Labor Party) Share this | Hansard source

And still they completely ignore the solution that is right before their face. As the Australian Energy Council stated in its submission to the Finkel review:

… the lack of national policy certainty is now the single biggest driver of higher electricity prices.

In a world awash with capital, where investors are looking for safe long-term investments, in a world where we are seeing a tidal wave of investment in renewable energy around the world—more than $260 billion of it in 2015, twice the volume of investment in coal or gas generation—in this world, the failure of our political system, the failure of leadership within the coalition, is sabotaging the Australian energy sector.

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