Chris Bowen (McMahon, Australian Labor Party, Minister for Climate Change and Energy) Share this | Hansard source

I can absolutely confirm it is this government's intention to continue to work towards that target in 2030. Absolutely! And I'm pleased to tell the honourable member that we are making very good progress towards it. It is 2025, we are working towards that 2030 target and we're making good progress. In the last financial year, 4.4 gigawatts of new renewable energy were added to the grid—not investment decisions, but added to the grid; up and running. But the pipeline was 15.6 gigawatts, which is a massive amount of renewable energy. I know it upsets those opposite to hear those points.

Just this week, it was announced there was a billion dollars to be invested in Australia's renewable energy system by a very large international investor. This is good news—at least we think it is on this side of the House. Just today, AGL announced a multihundred-million dollar investment in energy storage in our country, which is a good thing. All this leads to an addition to the renewable energy pipeline for our country. We think that's a good thing; they think it's a bad thing.

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