Senate debates

Monday, 25 June 2012

Bills

Clean Energy Finance Corporation Bill 2012; Second Reading

1:16 pm

Photo of Barnaby JoyceBarnaby Joyce (Queensland, National Party, Leader of The Nationals in the Senate) Share this | Hansard source

She is interesting, isn't she? You might be interested to know that it is estimated in America that between 75,000 and 275,000 birds are killed each year by wind turbines. Renewable energy projects often do not even reduce emissions as they claim. Wind projects typically generate 10 to 20 per cent of their maximum capacity, because the wind blows intermittently and, when it does blow hard, it is often at times when electricity is not required. So, this bill will be completely ineffective at either encouraging more renewable energy or reducing carbon emissions. We will waste lots of money; the government has admitted that in this case Treasury has estimated that, on average, loans from the Clean Energy Finance Corporation will make a loss of around about 7½ per cent. Once this bill passes today we are set to waste $750 million at least, but this amount is likely to be a vast underestimate.

Senator Crossin interjecting.

Madam Acting President, I think she needs an ambulance. She is in some pain over there.

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