House debates

Monday, 1 July 2024

Private Members' Business

Energy

6:30 pm

Photo of Sam RaeSam Rae (Hawke, Australian Labor Party) | Hansard source

Building towards a net zero Australia is not just about cleaner energy; it's also about ensuring that Australians have access to affordable energy. That's why the Albanese Labor government's Future Made in Australia agenda is about supporting economic growth while also helping global efforts to reduce the effects of climate change, creating new jobs and industries while lowering household energy bills and our emissions.

Despite what those opposite would have you think, moving towards a renewable energy future is not just economically viable; it's economically essential. We know that Australia is rich with natural resources, including those needed for renewable energy generation, such as sunlight and wind. Failing to capture the value of these renewable resources simply doesn't make economic sense. Of course, as we transition towards a renewable net zero economy, we must also recognise the critical role that gas will play as a reliable and cost-effective bridge. With our Future Gas Strategy, the Albanese Labor government is committed to using gas to provide energy security, ensuring a smooth transition to a more renewable grid. In fact, the Albanese Labor government has taken significant action to shore up gas supply and manage price impacts. For example, we introduced a mandatory code of conduct which has secured more than 600 petajoules of domestic gas for east coast users until 2033.

Despite the member for Gippsland acknowledging in his motion that ensuring supply is critical for maintaining affordability, this is a measure that the coalition has voted against. It is the perfect example of the difference between the Albanese Labor government and those opposite when it comes to energy policy. While we are taking a reasoned approach informed by data and evidence, those opposite are driven by political convenience. While we are seeking to deliver cleaner and more affordable energy for Australians, those opposite are looking to deliver more handouts to gas companies. While we see gas as a necessary part of the transition, helping to firm renewables and drive costs down, those opposite see it as a chance to lock in fossil fuel for decades to come. Only the Albanese Labor government can drive a reasonable renewable energy transition across the economy backed up by firmed hydro, batteries and gas-fired power generation. Our plan will put downward pressure on energy bills and ensure the long-term stabilisation of energy prices for households and businesses throughout the transition.

While the Albanese Labor government have a strong plan for Australia's energy future, we also know that many households and small businesses are already feeling the pinch and need more immediate support as well. That's why, from today, every single Australian household will start to receive a $300 energy rebate, while eligible small businesses will receive a $325 rebate, all thanks to the Albanese Labor government's Energy Bill Relief Fund. This is the second round of energy bill relief that this Labor government has delivered, despite opposition from the Liberals opposite, who voted against it.

It would appear that a decade of inaction while in government wasn't enough for the Liberals. Now, even from the opposition benches, they continue to oppose the Albanese Labor government's efforts to clean up their mess. Perhaps they're embarrassed by this failed decade, or perhaps they simply aren't capable of understanding responsible energy policy. In any case, the Albanese Labor government won't let those opposite stand in our way as we drive towards an energy grid powered by cheaper renewable energy, to benefit all Australians. As we continue to work towards net zero emissions, our Future Gas Strategy will support our commitment, ensuring that energy remains reliable and, importantly, affordable for all Australians throughout this transition.

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