Jacinta Nampijinpa Price (NT, Country Liberal Party, Shadow Minister for Defence Industry) Share this | Hansard source

Certainly. But Australians of course aren't mugs. Every power bill they receive exposes the truth. Under Labor Australians are paying 40 per cent more for electricity. When energy prices skyrocket, it costs more to grow food, more to manufacture goods and more to run homes, businesses and factories. Energy costs are having an inflationary impact across Australia. We need affordable and reliable energy, but we won't get that with a net zero target.

Australia contributes just over one per cent of global emissions. Reaching net zero could cost a staggering $7 trillion to $9 trillion by 2060, as estimated by independent experts. Net zero will impoverish and deindustrialise our nation to achieve an emissions reduction target that, in an Australian context, will not alter global temperatures a single iota. Labor's overbuild of renewables and enforcement of draconian emission reduction policies are only going to cause more harm. Power bills will continue to climb. More businesses will close, and more industries will move offshore. A public greenlash has started, just as it came in Europe and America. It's time the government started putting Australians first. It's time Labor prioritised affordable and reliable energy. It's time to end the net zero nonsense and restore common sense, if we're serious about turning our economy around.