Malcolm Roberts (Queensland, Pauline Hanson's One Nation Party) Share this | Hansard source

The government has advanced a suite of appropriation bills covering an additional $9 billion of spending for this financial year. These appropriation bills provide allocations of taxpayers' money to maintain the government's recurring expenditure on operational matters and on the many, many, many schemes the government is using to funnel taxpayers' money into the pockets of their donors and friends in the net zero scam, the parasitic net zero scam.

Of the approximately $9.2 billion in spending in these bills, $2.9 billion is for net zero measures—one third. Of that, $130 million is for additional departmental expenses and the rest is funding projects. This is on top of the $1 billion allocated in the previous appropriation bills for departmental expenditure and on top of $5 billion for funding projects this financial year. And this is on top of the $24 billion that has been spent so far in off-the-books expenditure for net zero measures and the additional $9 billion which has been allocated to fund projects in the near future, for a total off-the-books spending of $33 billion. For clarity, these figures are to date, not just this financial year.

Off the books is an accounting trick the uniparty has come to rely on. It's based on the premise that, if the government borrows money and then on lends that money to other people, that is not a budget expenditure and, as such, does not form part of the budget spending or contribute to the deficit. Now, $33 billion is a huge amount of money to have sitting off the books, much of which will result in financial loss to taxpayers when these projects fail and their mates' projects fail. If these projects were any good, private enterprise would be building them. The fact the government has had to stump up $24 billion so far, with another $9 billion expected over the forward estimates, suggests the private sector knows something the government doesn't know—that is, that these projects are boondoggles which will never recover their full or lifetime cost.

This includes not only the cost of the solar panel, the wind turbine, the battery transmission line and such like; it includes the installation cost, maintenance cost and replacement cost—batteries last 10 years; solar panels last 15 years, being generous; and wind turbines last 15 years. This means every piece of net zero generation and storage we have in Australia right now will have to be replaced before 2050, some twice, and replaced three times before 2060. The cost won't end in 2025; it keeps going forever and ever, because these things have to be replaced. They have short, limited lifespans. In addition, lifetime costs include the thing net zero idealists never talk about: the disposal and remediation costs. New wind turbines are massive to tear down. They're up to 250 metres tall, and the installation cost per turbine is over $1 million. Plus, removing them when they are damaged, catch fire or reach the end of their life costs $1 million each.

If a company wants to open a new mine in Australia, it must put aside money or a surety to cover the cost of remediation: a bond. This bond payment has been law in mining for years, and it should be there. No such law, though, exists for wind and solar installations. I can understand why. Blowing the top off a mountain to create the flat area necessary for the massive footprints these things require is permanent environmental damage. No remediation can fix it. One can't come along after the projects have been shuttered and glue the mountain back together again. The damage, the vandalism, is permanent. In these appropriation bills, the government has made provision for subsidising the build of these things, although not removing and remediating afterwards.

Nobody has added all these expenditures together to compile a whole-of-government cost of net zero. One Nation has asked the Parliamentary Budget Office for that figure, so stay tuned. The total economic cost of the transition out to 2026, government and private sector, has been estimated at between $7 trillion and $9 trillion. These people in the government do not even know, and these people in opposition did not have a clue when they started this transition. This information is from the independent Net Zero Australia, a project of the universities of Melbourne, Queensland and Princeton. Bloomberg puts the figure at $2.4 trillion out to 2050. Net zero spend is up 400 per cent under this government, between 2022 and 2026. The expectation is that this government will keep throwing money at an imaginary, confected problem for as long as the public think humans can change the weather on a global scale. This is insane.

Decarbonisation now extends right through the bureaucracy and agencies. There are decarbonisation offices in every government department plus the net zero reporting, plus government grants to industry—