Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The point I was making is that there is an international move to invest in renewable energies, in low-carbon efficiencies and in low-carbon economies. The fact is that the coalition do not want Australia to be part of that race. They do not want us to be competitive in that new wave of reform. They want us to try to freeze-frame the Australian economy. If you look at China, the reality is that we know that China is the world’s largest producer of solar panels. China is installing wind turbines at the rate of one every hour. We know, according to Ernst and Young, that China is ranked No. 1 as the most attractive location for investments in renewable energy and that the United States is second, and Australia is ranked 14th— (Time expired)