Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

(—) (): Thank you to Senator Hanson for the question. She may be aware that the Labor Party in opposition did model this 43 per cent reduction by 2030 policy and issued the modelling transparently. That modelling showed that the plan, which includes a 43 per cent reduction, would in fact: create 604,000 jobs, with five out of six new jobs to be created in the region; would spur $76 billion dollars of investment; and would deliver 82 per cent renewable energy by 2030. What we have seen is generating capacity exiting the energy generation system over the life of the government of those opposite. That reduction in supply without new capacity coming onstream is central to why power prices are doing what they are doing. (Time expired)