Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

I thank you for the supplementary question. I remember my time in the Turnbull cabinet, when we initiated the Underwriting New Generation Investments program, which was deliberately technology neutral. It was during the during the Turnbull government that we thought very carefully about how we would deal with the clearly ongoing need for base-load power into the future as part of an energy mix that includes an increasing proportion of renewables.

Under our government, we are making record investments in renewables. We are also investing in the major battery of the nation through Snowy 2.0. We were always focused making sure that there was the opportunity for appropriate investment in base-load power generation that was appropriately affordable and reliable, including in coal. That was what accepting recommendation 4 of the ACCC report was all about. (Time expired)