Senate debates

Tuesday, 28 March 2023

Bills

National Reconstruction Fund Corporation Bill 2023; In Committee

4:46 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

This legislation does exactly the opposite of what you say it does. It does create those high-paying jobs. You're conflating the issue of the safeguards mechanism. Particularly, I reject your proposition that that's going to push energy prices higher. The idea that we move to a decarbonised economy was one which even the Nationals signed up to at the last election. Maybe you're crab walking away from that issue, but you signed up to net zero by 2050. What the safeguards legislation—and we're going to get to that later in the night—does is start moving us to a renewable superpower. We're going to create hydrogen. We're going to—

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