Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

Today we've come another step closer to delivering our mandate, our mandate that we received at the election, our mandate that was fully modelled by RepuTex—and that we stand by. Our mandate will see a 43 per cent reduction in emissions by 2030. While we're doing it, we'll create 604,000 new jobs, five out of every six of them in regional Australia. Our mandate will see the renewable sector, as part of the National Energy Market, grow to 82 per cent by 2030—all part of our plan to go to net zero by 2050. And I'm pleased that we have had statements today across this parliament from people who are prepared to not get everything that they want but are prepared to acknowledge the fact that we need to end the climate wars.

With those opposite it was very different, because prior to the 2019 election the then shadow minister said there would be a 25 per cent reduction in the average NEM wholesale spot price to less than $70 per megawatt hour by the end of 2021. That was what was said at that time by the minister, now the shadow Treasurer. In May 2019, the average wholesale price was $93—in 2019.

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